SCQA: what changed
SCQA
Largest movements
- Cash +€5,007
up €5,007 (+118%), from €4,236 to €9,243
mainly Net result for the year (+€9,947) and Deferred charges and accrued income (+€972)
- Receivables within one year +€1,106
up €1,106 (+7.1%), from €15,641 to €16,747
of which Trade receivables: +€793
- Deferred charges and accrued income -€972
down €972 (-48.1%), from €2,020 to €1,049
- Reserves +€9,947
up €9,947 (+158%), from €6,284 to €16,231
- Trade debts -€4,060
down €4,060 (-73.4%), from €5,530 to €1,470
- Tax, wage and social debts -€1,816
down €1,816 (-45.2%), from €4,015 to €2,199
- Current portion of long-term debt +€850
new in 2025: €850
- Gross operating margin +€11,440
up €11,440 (+169%), from €6,762 to €18,203
- Taxes +€2,370
up €2,370 (+117%), from €2,028 to €4,398
- Financial charges +€1,035
up €1,035 (+41.7%), from €2,479 to €3,514
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,829 | €27,750 | +€4,922 | +21.6% |
| Fixed assets | 21/28 | €931 | €711 | -€220 | -23.6% |
| Tangible fixed assets | 22/27 | €931 | €711 | -€220 | -23.6% |
| Plant, machinery and equipment | 23 | €931 | €711 | -€220 | -23.6% |
| Current assets | 29/58 | €21,898 | €27,039 | +€5,142 | +23.5% |
| Amounts receivable within one year | 40/41 | €15,641 | €16,747 | +€1,106 | +7.1% |
| Trade receivables | 40 | €7,804 | €8,597 | +€793 | +10.2% |
| Other amounts receivable | 41 | €7,838 | €8,151 | +€313 | +4.0% |
| Cash at bank and in hand | 54/58 | €4,236 | €9,243 | +€5,007 | +118% |
| Deferred charges and accrued income | 490/1 | €2,020 | €1,049 | -€972 | -48.1% |
| Total equity and liabilities | 10/49 | €22,829 | €27,750 | +€4,922 | +21.6% |
| Equity | 10/15 | €13,284 | €23,231 | +€9,947 | +74.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €6,284 | €16,231 | +€9,947 | +158% |
| Distributable reserves | 133 | €6,284 | €16,231 | +€9,947 | +158% |
| Amounts payable | 17/49 | €9,545 | €4,520 | -€5,025 | -52.6% |
| Amounts payable within one year | 42/48 | €9,545 | €4,520 | -€5,025 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | - | €850 | +€850 | |
| Trade debts | 44 | €5,530 | €1,470 | -€4,060 | -73.4% |
| Suppliers | 440/4 | €5,530 | €1,470 | -€4,060 | -73.4% |
| Taxes, remuneration and social security | 45 | €4,015 | €2,199 | -€1,816 | -45.2% |
| Taxes | 450/3 | €4,015 | €2,199 | -€1,816 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €220 | +€51 | +30.2% |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €6,762 | €18,203 | +€11,440 | +169% |
| Operating profit (loss) | 9901 | €6,080 | €17,455 | +€11,375 | +187% |
| Financial income | 75/76B | €449 | €404 | -€45 | -10.0% |
| Recurring financial income | 75 | €449 | €404 | -€45 | -10.0% |
| Financial charges | 65/66B | €2,479 | €3,514 | +€1,035 | +41.7% |
| Recurring financial charges | 65 | €2,479 | €3,514 | +€1,035 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €4,050 | €14,345 | +€10,295 | +254% |
| Income taxes | 67/77 | €2,028 | €4,398 | +€2,370 | +117% |
| Profit (loss) for the period | 9904 | €2,022 | €9,947 | +€7,925 | +392% |
| Profit (loss) for the period to be appropriated | 9905 | €2,022 | €9,947 | +€7,925 | +392% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.