SCU: 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.
SCU
Largest movements
- Tangible fixed assets +€351,698
up €351,698 (+926%), from €37,996 to €389,694
of which Land and buildings: +€348,656
- Current investments -€260,000
down €260,000 (-57.5%), from €452,000 to €192,000
- Cash +€139,619
up €139,619 (+638%), from €21,877 to €161,496
mainly Debts after one year (+€399,210) and Current investments (+€260,000)
- Debts after one year +€399,210
new in 2025: €399,210
of which Other amounts payable: +€230,000
- Other debts -€227,818
down €227,818 (-72.1%), from €316,155 to €88,337
- Reserves +€45,179
up €45,179 (+2.7%), from €1.7m to €1.7m
- Financial income -€140,289
down €140,289 (-76.4%), from €183,627 to €43,339
- Depreciation +€48,694
up €48,694 (+544%), from €8,950 to €57,644
- Taxes -€27,458
down €27,458 (-77.2%), from €35,585 to €8,127
- Financial charges -€9,761
down €9,761 (-46.0%), from €21,229 to €11,467
- Gross operating margin -€1,327
down €1,327 (-1.6%), from €82,838 to €81,511
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 | €2,798,357 | €3,017,177 | +€218,820 | +7.8% |
| Fixed assets | 21/28 | €2,287,996 | €2,639,694 | +€351,698 | +15.4% |
| Tangible fixed assets | 22/27 | €37,996 | €389,694 | +€351,698 | +926% |
| Land and buildings | 22 | €1,749 | €350,405 | +€348,656 | +19,935% |
| Furniture and vehicles | 24 | €28,730 | €28,845 | +€115 | +0.4% |
| Other tangible fixed assets | 26 | €7,517 | €10,444 | +€2,927 | +38.9% |
| Financial fixed assets | 28 | €2,250,000 | €2,250,000 | = | 0.0% |
| Current assets | 29/58 | €510,361 | €377,483 | -€132,878 | -26.0% |
| Amounts receivable within one year | 40/41 | €31,608 | €13,018 | -€18,590 | -58.8% |
| Trade receivables | 40 | €29,550 | €12,100 | -€17,450 | -59.1% |
| Other amounts receivable | 41 | €2,058 | €918 | -€1,140 | -55.4% |
| Current investments | 50/53 | €452,000 | €192,000 | -€260,000 | -57.5% |
| Cash at bank and in hand | 54/58 | €21,877 | €161,496 | +€139,619 | +638% |
| Deferred charges and accrued income | 490/1 | €4,876 | €10,969 | +€6,092 | +125% |
| Total equity and liabilities | 10/49 | €2,798,357 | €3,017,177 | +€218,820 | +7.8% |
| Equity | 10/15 | €2,449,627 | €2,494,807 | +€45,179 | +1.8% |
| Contributions | 10/11 | €747,000 | €747,000 | = | 0.0% |
| Reserves | 13 | €1,702,627 | €1,747,807 | +€45,179 | +2.7% |
| Distributable reserves | 133 | €1,702,627 | €1,747,807 | +€45,179 | +2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €348,730 | €522,370 | +€173,640 | +49.8% |
| Amounts payable after more than one year | 17 | - | €399,210 | +€399,210 | |
| Financial debts | 170/4 | - | €169,210 | +€169,210 | |
| Other amounts payable | 178/9 | - | €230,000 | +€230,000 | |
| Amounts payable within one year | 42/48 | €348,730 | €123,160 | -€225,569 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | - | €17,793 | +€17,793 | |
| Trade debts | 44 | €529 | €4,831 | +€4,302 | +814% |
| Suppliers | 440/4 | €529 | €4,831 | +€4,302 | +814% |
| Taxes, remuneration and social security | 45 | €32,046 | €12,199 | -€19,846 | -61.9% |
| Taxes | 450/3 | €32,046 | €12,199 | -€19,846 | -61.9% |
| Other amounts payable | 47/48 | €316,155 | €88,337 | -€227,818 | -72.1% |
| Non-recurring operating income | 76A | €861 | €0 | -€861 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,950 | €57,644 | +€48,694 | +544% |
| Other operating charges | 640/8 | €1,217 | €2,432 | +€1,215 | +99.8% |
| Gross operating margin | 9900 | €82,838 | €81,511 | -€1,327 | -1.6% |
| Operating profit (loss) | 9901 | €72,671 | €21,434 | -€51,237 | -70.5% |
| Financial income | 75/76B | €183,627 | €43,339 | -€140,289 | -76.4% |
| Recurring financial income | 75 | €183,627 | €43,339 | -€140,289 | -76.4% |
| Financial charges | 65/66B | €21,229 | €11,467 | -€9,761 | -46.0% |
| Recurring financial charges | 65 | €21,229 | €11,467 | -€9,761 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €235,070 | €53,306 | -€181,764 | -77.3% |
| Income taxes | 67/77 | €35,585 | €8,127 | -€27,458 | -77.2% |
| Profit (loss) for the period | 9904 | €199,485 | €45,179 | -€154,305 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €199,485 | €45,179 | -€154,305 | -77.4% |
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 26 October 2026 via checked.be.