777 SDL: what changed
Two fiscal 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.
777 SDL
Largest movements
- Financial fixed assets -€56.3m
down €56.3m (-41.9%), from €134.3m to €78.0m
of which Affiliated companies: -€52.5m
- Receivables after one year +€53.0m
new in 2025: €53.0m
- Deferred charges and accrued income +€2.2m
new in 2025: €2.2m
- Receivables within one year +€1.7m
up €1.7m (+504.0%), from €331,105 to €2.0m
- Profit (loss) carried forward -€25.3m
down €25.3m (-59.5%), from -€42.5m to -€67.8m
- Debts after one year +€21.6m
up €21.6m (+27.5%), from €78.8m to €100.5m
of which Financial debts: +€22.3m
- Accrued charges and deferred income +€2.2m
new in 2025: €2.2m
- Current portion of long-term debt +€2.0m
new in 2025: €2.0m
- Financial charges -€15.2m
down €15.2m (-35.7%), from €42.7m to €27.4m
of which Non-recurring financial charges: -€16.7m
- Financial income +€1.6m
up €1.6m (+256.7%), from €618,030 to €2.2m
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,581,105 | €135,154,521 | +€573,416 | +0.4% |
| Fixed assets | 21/28 | €134,250,000 | €77,950,000 | -€56.3m | -41.9% |
| Financial fixed assets | 28 | €134,250,000 | €77,950,000 | -€56.3m | -41.9% |
| Affiliated companies | 280/1 | €52,450,000 | - | -€52.5m | |
| Participating interests | 280 | €52,450,000 | - | -€52.5m | |
| Companies linked by participating interests | 282/3 | €79,250,000 | €77,950,000 | -€1.3m | -1.6% |
| Participating interests | 282 | €79,250,000 | €77,950,000 | -€1.3m | -1.6% |
| Other financial fixed assets | 284/8 | €2,550,000 | - | -€2.6m | |
| Amounts receivable and cash guarantees | 285/8 | €2,550,000 | - | -€2.6m | |
| Current assets | 29/58 | €331,105 | €57,204,521 | +€56.9m | +17176.9% |
| Amounts receivable after more than one year | 29 | - | €53,000,000 | +€53.0m | |
| Other amounts receivable | 291 | - | €53,000,000 | +€53.0m | |
| Amounts receivable within one year | 40/41 | €331,105 | €2,000,000 | +€1.7m | +504.0% |
| Other amounts receivable | 41 | €331,105 | €2,000,000 | +€1.7m | +504.0% |
| Deferred charges and accrued income | 490/1 | - | €2,204,521 | +€2.2m | |
| Total equity and liabilities | 10/49 | €134,581,105 | €135,154,521 | +€573,416 | +0.4% |
| Equity | 10/15 | €55,766,955 | €30,499,339 | -€25.3m | -45.3% |
| Contributions | 10/11 | €98,256,121 | €98,256,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,489,166 | -€67,756,782 | -€25.3m | -59.5% |
| Amounts payable | 17/49 | €78,814,150 | €104,655,182 | +€25.8m | +32.8% |
| Amounts payable after more than one year | 17 | €78,814,150 | €100,450,661 | +€21.6m | +27.5% |
| Financial debts | 170/4 | €78,107,182 | €100,450,661 | +€22.3m | +28.6% |
| Other loans | 174 | €78,107,182 | €100,450,661 | +€22.3m | +28.6% |
| Other amounts payable | 178/9 | €706,968 | - | -€706,968 | |
| Amounts payable within one year | 42/48 | - | €2,000,000 | +€2.0m | |
| Current portion of amounts payable after more than one year | 42 | - | €2,000,000 | +€2.0m | |
| Accrued charges and deferred income | 492/3 | - | €2,204,521 | +€2.2m | |
| Operating charges | 60/66A | €410,960 | €24,910 | -€386,050 | -93.9% |
| Services and other goods | 61 | €410,960 | €24,910 | -€386,050 | -93.9% |
| Operating profit (loss) | 9901 | -€410,960 | -€24,910 | +€386,050 | +93.9% |
| Financial income | 75/76B | €618,030 | €2,204,521 | +€1.6m | +256.7% |
| Recurring financial income | 75 | €618,030 | €2,204,521 | +€1.6m | +256.7% |
| Income from financial fixed assets | 750 | €618,030 | €2,204,521 | +€1.6m | +256.7% |
| Financial charges | 65/66B | €42,696,236 | €27,447,227 | -€15.2m | -35.7% |
| Recurring financial charges | 65 | €784,739 | €2,205,021 | +€1.4m | +181.0% |
| Debt charges | 650 | €667,956 | €2,205,021 | +€1.5m | +230.1% |
| Other financial charges | 652/9 | €116,784 | - | -€116,784 | |
| Non-recurring financial charges | 66B | €41,911,497 | €25,242,206 | -€16.7m | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€42,489,166 | -€25,267,616 | +€17.2m | +40.5% |
| Profit (loss) for the period | 9904 | -€42,489,166 | -€25,267,616 | +€17.2m | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,489,166 | -€25,267,616 | +€17.2m | +40.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.