SCT INVEST: 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.
SCT INVEST
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+103%), from €1.7m to €3.4m
of which Trade receivables: +€1.7m
- Cash +€904,838
up €904,838 (+295%), from €306,348 to €1.2m
mainly Net result for the year (+€8.1m) and Accrued charges and deferred income (+€202,069)
- Profit (loss) carried forward +€8.1m
up €8.1m (+595%), from €1.4m to €9.5m
- Current portion of long-term debt -€3.0m
down €3.0m (-85.5%), from €3.5m to €500,000
- Short-term financial debts -€2.8m
down €2.8m (-17.9%), from €15.9m to €13.0m
- Financial income +€6.1m
up €6.1m (+1,529,999,905%), from €0 to €6.1m
- Financial charges -€1.1m
down €1.1m (-41.0%), from €2.8m to €1.6m
- Taxes +€279,118
up €279,118 (+58.8%), from €474,700 to €753,818
- Turnover -€278,899
down €278,899 (-4.5%), from €6.3m to €6.0m
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 | €50,153,161 | €52,794,349 | +€2.6m | +5.3% |
| Fixed assets | 21/28 | €48,163,802 | €48,163,802 | = | 0.0% |
| Financial fixed assets | 28 | €48,163,802 | €48,163,802 | = | 0.0% |
| Affiliated companies | 280/1 | €48,163,802 | €48,163,802 | = | 0.0% |
| Participating interests | 280 | €48,163,802 | €48,163,802 | = | 0.0% |
| Current assets | 29/58 | €1,989,359 | €4,630,547 | +€2.6m | +133% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,683,012 | €3,419,361 | +€1.7m | +103% |
| Trade receivables | 40 | €1,683,012 | €3,409,037 | +€1.7m | +103% |
| Other amounts receivable | 41 | - | €10,324 | +€10,324 | |
| Cash at bank and in hand | 54/58 | €306,348 | €1,211,186 | +€904,838 | +295% |
| Total equity and liabilities | 10/49 | €50,153,161 | €52,794,349 | +€2.6m | +5.3% |
| Equity | 10/15 | €8,445,278 | €16,546,532 | +€8.1m | +95.9% |
| Contributions | 10/11 | €7,084,527 | €7,084,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,360,751 | €9,462,004 | +€8.1m | +595% |
| Amounts payable | 17/49 | €41,707,883 | €36,247,817 | -€5.5m | -13.1% |
| Amounts payable after more than one year | 17 | €21,189,275 | €21,189,275 | = | 0.0% |
| Financial debts | 170/4 | €21,189,275 | €21,189,275 | = | 0.0% |
| Subordinated loans | 170 | €21,189,275 | €21,189,275 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,381,530 | €14,719,395 | -€5.7m | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €3,450,000 | €500,000 | -€3.0m | -85.5% |
| Financial debts | 43 | €15,864,643 | €13,023,214 | -€2.8m | -17.9% |
| Credit institutions | 430/8 | €15,864,643 | €13,023,214 | -€2.8m | -17.9% |
| Trade debts | 44 | €234,460 | €357,032 | +€122,572 | +52.3% |
| Suppliers | 440/4 | €234,460 | €357,032 | +€122,572 | +52.3% |
| Taxes, remuneration and social security | 45 | €733,544 | €789,707 | +€56,163 | +7.7% |
| Taxes | 450/3 | €733,544 | €789,707 | +€56,163 | +7.7% |
| Other amounts payable | 47/48 | €98,883 | €49,442 | -€49,442 | -50.0% |
| Accrued charges and deferred income | 492/3 | €137,078 | €339,148 | +€202,069 | +147% |
| Operating income | 70/76A | €6,264,048 | €6,033,317 | -€230,732 | -3.7% |
| Turnover | 70 | €6,264,048 | €5,985,150 | -€278,899 | -4.5% |
| Other operating income | 74 | - | €48,167 | +€48,167 | |
| Operating charges | 60/66A | €1,668,743 | €1,668,802 | +€59 | 0.0% |
| Services and other goods | 61 | €1,667,219 | €1,667,526 | +€307 | 0.0% |
| Other operating charges | 640/8 | €1,523 | €1,276 | -€248 | -16.3% |
| Operating profit (loss) | 9901 | €4,595,306 | €4,364,515 | -€230,791 | -5.0% |
| Financial income | 75/76B | €0 | €6,120,000 | +€6.1m | +1,529,999,905% |
| Recurring financial income | 75 | €0 | €6,120,000 | +€6.1m | +1,529,999,905% |
| Income from financial fixed assets | 750 | - | €6,120,000 | +€6.1m | |
| Other financial income | 752/9 | €0 | €0 | -€0 | -95.0% |
| Financial charges | 65/66B | €2,759,855 | €1,629,444 | -€1.1m | -41.0% |
| Recurring financial charges | 65 | €2,759,855 | €1,629,444 | -€1.1m | -41.0% |
| Debt charges | 650 | €2,753,553 | €1,628,491 | -€1.1m | -40.9% |
| Other financial charges | 652/9 | €6,302 | €953 | -€5,349 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €1,835,451 | €8,855,071 | +€7.0m | +382% |
| Income taxes | 67/77 | €474,700 | €753,818 | +€279,118 | +58.8% |
| Taxes | 670/3 | €474,700 | €753,818 | +€279,118 | +58.8% |
| Profit (loss) for the period | 9904 | €1,360,751 | €8,101,253 | +€6.7m | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €1,360,751 | €8,101,253 | +€6.7m | +495% |
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 18 October 2026 via checked.be.