SCG IMMO: 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.
SCG IMMO
Largest movements
- Stocks and contracts +€379,342
up €379,342 (+266.5%), from €142,322 to €521,663
- Receivables within one year -€201,252
down €201,252 (-65.9%), from €305,366 to €104,114
of which Trade receivables: -€195,000
- Cash -€115,058
down €115,058 (-61.4%), from €187,423 to €72,365
mainly Stocks and contracts (-€379,342) and Debts after one year (-€88,630)
- Debts after one year -€88,630
down €88,630 (-42.3%), from €209,347 to €120,716
- Profit (loss) carried forward +€80,313
up €80,313 (+157.7%), from €50,926 to €131,239
- Tax, wage and social debts +€66,279
new in 2025: €66,279
- Gross operating margin -€80,264
down €80,264 (-40.0%), from €200,592 to €120,329
- Financial charges -€14,620
down €14,620 (-58.5%), from €24,998 to €10,378
- Taxes +€12,787
up €12,787 (+76.2%), from €16,770 to €29,557
- Financial income +€4,919
up €4,919 (+209.3%), from €2,350 to €7,269
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 | €641,203 | €700,597 | +€59,394 | +9.3% |
| Fixed assets | 21/28 | €5,660 | €2,021 | -€3,638 | -64.3% |
| Tangible fixed assets | 22/27 | €5,660 | €2,021 | -€3,638 | -64.3% |
| Furniture and vehicles | 24 | €5,660 | €2,021 | -€3,638 | -64.3% |
| Current assets | 29/58 | €635,544 | €698,576 | +€63,032 | +9.9% |
| Stocks and contracts in progress | 3 | €142,322 | €521,663 | +€379,342 | +266.5% |
| Stocks | 30/36 | €142,322 | €521,663 | +€379,342 | +266.5% |
| Amounts receivable within one year | 40/41 | €305,366 | €104,114 | -€201,252 | -65.9% |
| Trade receivables | 40 | €195,000 | - | -€195,000 | |
| Other amounts receivable | 41 | €110,366 | €104,114 | -€6,252 | -5.7% |
| Cash at bank and in hand | 54/58 | €187,423 | €72,365 | -€115,058 | -61.4% |
| Deferred charges and accrued income | 490/1 | €433 | €433 | = | 0.0% |
| Total equity and liabilities | 10/49 | €641,203 | €700,597 | +€59,394 | +9.3% |
| Equity | 10/15 | €65,926 | €146,239 | +€80,313 | +121.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | - | -€15,000 | |
| Issued capital | 100 | €15,000 | - | -€15,000 | |
| Outside capital | 11 | - | €15,000 | +€15,000 | |
| Other | 1109/19 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €50,926 | €131,239 | +€80,313 | +157.7% |
| Amounts payable | 17/49 | €575,277 | €554,358 | -€20,919 | -3.6% |
| Amounts payable after more than one year | 17 | €209,347 | €120,716 | -€88,630 | -42.3% |
| Financial debts | 170/4 | €209,347 | €120,716 | -€88,630 | -42.3% |
| Amounts payable within one year | 42/48 | €365,930 | €433,641 | +€67,711 | +18.5% |
| Trade debts | 44 | €3,214 | €5,385 | +€2,171 | +67.6% |
| Suppliers | 440/4 | €3,214 | €5,385 | +€2,171 | +67.6% |
| Taxes, remuneration and social security | 45 | - | €66,279 | +€66,279 | |
| Taxes | 450/3 | - | €66,279 | +€66,279 | |
| Other amounts payable | 47/48 | €362,716 | €361,977 | -€739 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,638 | €3,638 | = | 0.0% |
| Other operating charges | 640/8 | €5,092 | €3,712 | -€1,381 | -27.1% |
| Gross operating margin | 9900 | €200,592 | €120,329 | -€80,264 | -40.0% |
| Operating profit (loss) | 9901 | €191,862 | €112,979 | -€78,883 | -41.1% |
| Financial income | 75/76B | €2,350 | €7,269 | +€4,919 | +209.3% |
| Recurring financial income | 75 | €2,350 | €7,269 | +€4,919 | +209.3% |
| Financial charges | 65/66B | €24,998 | €10,378 | -€14,620 | -58.5% |
| Recurring financial charges | 65 | €24,998 | €10,378 | -€14,620 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €169,214 | €109,870 | -€59,344 | -35.1% |
| Income taxes | 67/77 | €16,770 | €29,557 | +€12,787 | +76.2% |
| Profit (loss) for the period | 9904 | €152,443 | €80,313 | -€72,131 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €152,443 | €80,313 | -€72,131 | -47.3% |
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 30 September 2026 via checked.be.