SCEQV: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SCEQV
Largest movements
- Tangible fixed assets -€26,137
down €26,137 (-2.9%), from €901,074 to €874,937
of which Land and buildings: -€24,574
- Debts after one year -€17,999
down €17,999 (-8.5%), from €211,515 to €193,516
- Gross operating margin +€5,391
up €5,391 (+15.6%), from €34,550 to €39,940
- Other operating charges +€2,990
up €2,990 (+42.5%), from €7,038 to €10,028
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €906,375 | €882,035 | -€24,339 | -2.7% |
| Formation expenses | 20 | €497 | - | -€497 | |
| Fixed assets | 21/28 | €901,074 | €874,937 | -€26,137 | -2.9% |
| Tangible fixed assets | 22/27 | €901,074 | €874,937 | -€26,137 | -2.9% |
| Land and buildings | 22 | €884,365 | €859,791 | -€24,574 | -2.8% |
| Plant, machinery and equipment | 23 | €1,065 | €4,951 | +€3,886 | +364.9% |
| Furniture and vehicles | 24 | €15,645 | €10,196 | -€5,448 | -34.8% |
| Current assets | 29/58 | €4,803 | €7,098 | +€2,295 | +47.8% |
| Amounts receivable within one year | 40/41 | €1,569 | €2,745 | +€1,176 | +74.9% |
| Trade receivables | 40 | - | €1,644 | +€1,644 | |
| Other amounts receivable | 41 | €1,569 | €1,101 | -€468 | -29.8% |
| Cash at bank and in hand | 54/58 | €103 | €1,868 | +€1,766 | +1718.8% |
| Deferred charges and accrued income | 490/1 | €3,131 | €2,485 | -€647 | -20.7% |
| Total equity and liabilities | 10/49 | €906,375 | €882,035 | -€24,339 | -2.7% |
| Equity | 10/15 | €33,723 | €25,427 | -€8,296 | -24.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,277 | -€99,573 | -€8,296 | -9.1% |
| Amounts payable | 17/49 | €872,652 | €856,608 | -€16,044 | -1.8% |
| Amounts payable after more than one year | 17 | €211,515 | €193,516 | -€17,999 | -8.5% |
| Financial debts | 170/4 | €211,515 | €193,516 | -€17,999 | -8.5% |
| Amounts payable within one year | 42/48 | €661,137 | €663,092 | +€1,955 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €5,102 | €5,332 | +€230 | +4.5% |
| Financial debts | 43 | €12,667 | €12,667 | = | 0.0% |
| Other loans | 439 | €12,667 | €12,667 | = | 0.0% |
| Trade debts | 44 | €3,927 | €3,369 | -€558 | -14.2% |
| Suppliers | 440/4 | €3,927 | €3,369 | -€558 | -14.2% |
| Other amounts payable | 47/48 | €639,441 | €641,724 | +€2,284 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,842 | €31,114 | +€272 | +0.9% |
| Other operating charges | 640/8 | €7,038 | €10,028 | +€2,990 | +42.5% |
| Gross operating margin | 9900 | €34,550 | €39,940 | +€5,391 | +15.6% |
| Operating profit (loss) | 9901 | -€3,331 | -€1,202 | +€2,129 | +63.9% |
| Financial charges | 65/66B | €5,750 | €5,521 | -€229 | -4.0% |
| Recurring financial charges | 65 | €5,750 | €5,521 | -€229 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,081 | -€6,723 | +€2,358 | +26.0% |
| Profit (loss) for the period | 9904 | -€9,081 | -€6,723 | +€2,358 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,081 | -€6,723 | +€2,358 | +26.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.