SCONELO: 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.
SCONELO
Largest movements
- Stocks and contracts +€352,172
up €352,172 (+221.3%), from €159,129 to €511,301
- Tangible fixed assets +€118,362
up €118,362 (+58.8%), from €201,439 to €319,801
of which Land and buildings: +€117,465
- Cash -€76,555
down €76,555 (-82.8%), from €92,442 to €15,887
mainly Stocks and contracts (-€352,172) and Investment in fixed assets (net) (-€129,653)
- Receivables within one year +€16,940
up €16,940 (+63.6%), from €26,620 to €43,560
- Debts after one year +€465,000
new in 2025: €465,000
- Other debts -€95,687
down €95,687 (-69.9%), from €136,860 to €41,173
- Trade debts +€57,305
up €57,305 (+1773.1%), from €3,232 to €60,537
- Profit (loss) carried forward -€19,500
down €19,500 (-886.7%), from -€2,199 to -€21,700
- Financial charges +€13,614
up €13,614 (+7603.7%), from €179 to €13,794
- Other operating charges +€10,927
up €10,927 (+557.3%), from €1,961 to €12,887
- Gross operating margin +€6,201
up €6,201 (+62.3%), from €9,950 to €16,151
- Financial income +€2,576
up €2,576 (+436555.9%), from €1 to €2,576
- Depreciation +€1,537
up €1,537 (+15.8%), from €9,754 to €11,291
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 | €492,515 | €906,990 | +€414,475 | +84.2% |
| Fixed assets | 21/28 | €211,389 | €329,751 | +€118,362 | +56.0% |
| Tangible fixed assets | 22/27 | €201,439 | €319,801 | +€118,362 | +58.8% |
| Land and buildings | 22 | €187,428 | €304,893 | +€117,465 | +62.7% |
| Plant, machinery and equipment | 23 | €239 | €1,408 | +€1,169 | +488.8% |
| Furniture and vehicles | 24 | €13,772 | €13,500 | -€272 | -2.0% |
| Financial fixed assets | 28 | €9,950 | €9,950 | = | 0.0% |
| Current assets | 29/58 | €281,126 | €577,239 | +€296,113 | +105.3% |
| Stocks and contracts in progress | 3 | €159,129 | €511,301 | +€352,172 | +221.3% |
| Stocks | 30/36 | €159,129 | €511,301 | +€352,172 | +221.3% |
| Amounts receivable within one year | 40/41 | €26,620 | €43,560 | +€16,940 | +63.6% |
| Trade receivables | 40 | €26,620 | €43,560 | +€16,940 | +63.6% |
| Current investments | 50/53 | €61 | €61 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,442 | €15,887 | -€76,555 | -82.8% |
| Deferred charges and accrued income | 490/1 | €2,873 | €6,430 | +€3,557 | +123.8% |
| Total equity and liabilities | 10/49 | €492,515 | €906,990 | +€414,475 | +84.2% |
| Equity | 10/15 | €349,427 | €329,927 | -€19,500 | -5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €331,626 | €331,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €329,626 | €329,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,199 | -€21,700 | -€19,500 | -886.7% |
| Amounts payable | 17/49 | €143,088 | €577,063 | +€433,976 | +303.3% |
| Amounts payable after more than one year | 17 | - | €465,000 | +€465,000 | |
| Other amounts payable | 178/9 | - | €465,000 | +€465,000 | |
| Amounts payable within one year | 42/48 | €143,088 | €112,063 | -€31,024 | -21.7% |
| Trade debts | 44 | €3,232 | €60,537 | +€57,305 | +1773.1% |
| Suppliers | 440/4 | €3,232 | €60,537 | +€57,305 | +1773.1% |
| Taxes, remuneration and social security | 45 | €2,996 | €10,353 | +€7,357 | +245.6% |
| Taxes | 450/3 | €2,996 | €10,353 | +€7,357 | +245.6% |
| Other amounts payable | 47/48 | €136,860 | €41,173 | -€95,687 | -69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,754 | €11,291 | +€1,537 | +15.8% |
| Other operating charges | 640/8 | €1,961 | €12,887 | +€10,927 | +557.3% |
| Gross operating margin | 9900 | €9,950 | €16,151 | +€6,201 | +62.3% |
| Operating profit (loss) | 9901 | -€1,764 | -€8,026 | -€6,262 | -354.9% |
| Financial income | 75/76B | €1 | €2,576 | +€2,576 | +436555.9% |
| Recurring financial income | 75 | €1 | €2,576 | +€2,576 | +436555.9% |
| Financial charges | 65/66B | €179 | €13,794 | +€13,614 | +7603.7% |
| Recurring financial charges | 65 | €179 | €13,794 | +€13,614 | +7603.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,943 | -€19,244 | -€17,301 | -890.5% |
| Income taxes | 67/77 | €256 | €257 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | -€2,199 | -€19,500 | -€17,301 | -786.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,199 | -€19,500 | -€17,301 | -786.7% |
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 11 October 2026 via checked.be.