SCM: what changed
Two financial 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.
SCM
Largest movements
- Receivables within one year +€63,142
up €63,142 (+64.9%), from €97,244 to €160,386
of which Trade receivables: +€67,326
- Cash -€36,768
down €36,768 (-56.0%), from €65,655 to €28,887
mainly Receivables within one year (-€63,142) and Net result for the year (-€22,353)
- Deferred charges and accrued income +€5,731
new in 2025: €5,731
- Trade debts +€43,471
up €43,471 (+421%), from €10,328 to €53,799
- Profit (loss) carried forward -€22,353
down €22,353 (-21.3%), from €104,950 to €82,597
- Tax, wage and social debts +€12,553
up €12,553 (+25.4%), from €49,409 to €61,962
of which Taxes: +€8,316
- Gross operating margin -€103,759
down €103,759 (-77.7%), from €133,567 to €29,808
- Taxes -€28,674
down €28,674 (-99.5%), from €28,819 to €145
- Staff costs +€25,799
new in 2025: €25,799
- Write-downs +€24,826
new in 2025: €24,826
- Other operating charges +€1,677
up €1,677 (+268%), from €627 to €2,304
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.
Derived cash bridge
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 | €164,834 | €198,360 | +€33,526 | +20.3% |
| Fixed assets | 21/28 | €1,936 | €3,356 | +€1,420 | +73.4% |
| Tangible fixed assets | 22/27 | €1,936 | €1,547 | -€388 | -20.1% |
| Plant, machinery and equipment | 23 | €1,936 | €1,547 | -€388 | -20.1% |
| Financial fixed assets | 28 | - | €1,809 | +€1,809 | |
| Current assets | 29/58 | €162,899 | €195,004 | +€32,105 | +19.7% |
| Amounts receivable within one year | 40/41 | €97,244 | €160,386 | +€63,142 | +64.9% |
| Trade receivables | 40 | €60,499 | €127,825 | +€67,326 | +111% |
| Other amounts receivable | 41 | €36,745 | €32,561 | -€4,184 | -11.4% |
| Cash at bank and in hand | 54/58 | €65,655 | €28,887 | -€36,768 | -56.0% |
| Deferred charges and accrued income | 490/1 | - | €5,731 | +€5,731 | |
| Total equity and liabilities | 10/49 | €164,834 | €198,360 | +€33,526 | +20.3% |
| Equity | 10/15 | €104,951 | €82,598 | -€22,353 | -21.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,950 | €82,597 | -€22,353 | -21.3% |
| Amounts payable | 17/49 | €59,883 | €115,762 | +€55,879 | +93.3% |
| Amounts payable within one year | 42/48 | €59,883 | €115,762 | +€55,879 | +93.3% |
| Trade debts | 44 | €10,328 | €53,799 | +€43,471 | +421% |
| Suppliers | 440/4 | €10,328 | €53,799 | +€43,471 | +421% |
| Taxes, remuneration and social security | 45 | €49,409 | €61,962 | +€12,553 | +25.4% |
| Taxes | 450/3 | €49,409 | €57,725 | +€8,316 | +16.8% |
| Remuneration and social security | 454/9 | - | €4,238 | +€4,238 | |
| Other amounts payable | 47/48 | €145 | - | -€145 | |
| Remuneration, social security and pensions | 62 | - | €25,799 | +€25,799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6 | €388 | +€383 | +6,630% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,826 | +€24,826 | |
| Other operating charges | 640/8 | €627 | €2,304 | +€1,677 | +268% |
| Gross operating margin | 9900 | €133,567 | €29,808 | -€103,759 | -77.7% |
| Operating profit (loss) | 9901 | €132,934 | -€23,509 | -€156,444 | |
| Financial income | 75/76B | €1,109 | €1,904 | +€794 | +71.6% |
| Recurring financial income | 75 | €1,109 | €1,904 | +€794 | +71.6% |
| Financial charges | 65/66B | €275 | €603 | +€328 | +119% |
| Recurring financial charges | 65 | €275 | €603 | +€328 | +119% |
| Profit (loss) for the period before taxes | 9903 | €133,769 | -€22,208 | -€155,977 | |
| Income taxes | 67/77 | €28,819 | €145 | -€28,674 | -99.5% |
| Profit (loss) for the period | 9904 | €104,950 | -€22,353 | -€127,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,950 | -€22,353 | -€127,304 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.