Accountancy SD: 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.
Accountancy SD
Largest movements
- Cash +€22,331
up €22,331 (+48.5%), from €46,015 to €68,346
mainly Net result for the year (+€110,255) and Other debts (+€60,891)
- Other debts +€60,891
up €60,891 (+31.4%), from €194,151 to €255,042
- Reserves +€24,251
up €24,251 (+6.4%), from €381,218 to €405,469
- Current portion of long-term debt -€17,446
down €17,446 (-60.6%), from €28,780 to €11,333
- Tax, wage and social debts -€13,933
down €13,933 (-54.8%), from €25,437 to €11,503
- Debts after one year -€11,333
down €11,333 (-11.1%), from €102,000 to €90,666
- Gross operating margin +€66,574
up €66,574 (+46.2%), from €144,017 to €210,591
- Taxes +€19,341
up €19,341 (+57.1%), from €33,844 to €53,185
- Depreciation +€4,800
up €4,800 (+23.9%), from €20,088 to €24,888
- Financial income -€4,275
down €4,275 (-99.0%), from €4,318 to €43
- Financial charges -€3,154
down €3,154 (-14.4%), from €21,905 to €18,751
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 | €765,415 | €796,295 | +€30,880 | +4.0% |
| Fixed assets | 21/28 | €686,944 | €685,663 | -€1,281 | -0.2% |
| Tangible fixed assets | 22/27 | €686,919 | €685,638 | -€1,281 | -0.2% |
| Land and buildings | 22 | €669,658 | €669,924 | +€266 | 0.0% |
| Furniture and vehicles | 24 | €17,261 | €15,714 | -€1,547 | -9.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €78,471 | €110,633 | +€32,161 | +41.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,618 | €28,262 | +€3,644 | +14.8% |
| Trade receivables | 40 | €24,618 | €28,262 | +€3,644 | +14.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €4,944 | €10,987 | +€6,043 | +122% |
| Cash at bank and in hand | 54/58 | €46,015 | €68,346 | +€22,331 | +48.5% |
| Deferred charges and accrued income | 490/1 | €2,895 | €3,037 | +€142 | +4.9% |
| Total equity and liabilities | 10/49 | €765,415 | €796,295 | +€30,880 | +4.0% |
| Equity | 10/15 | €387,418 | €411,669 | +€24,251 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €381,218 | €405,469 | +€24,251 | +6.4% |
| Distributable reserves | 133 | €381,218 | €405,469 | +€24,251 | +6.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €377,997 | €384,626 | +€6,630 | +1.8% |
| Amounts payable after more than one year | 17 | €102,000 | €90,666 | -€11,333 | -11.1% |
| Financial debts | 170/4 | €102,000 | €90,666 | -€11,333 | -11.1% |
| Amounts payable within one year | 42/48 | €259,280 | €278,059 | +€18,778 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €28,780 | €11,333 | -€17,446 | -60.6% |
| Trade debts | 44 | €10,913 | €180 | -€10,733 | -98.3% |
| Suppliers | 440/4 | €10,913 | €180 | -€10,733 | -98.3% |
| Taxes, remuneration and social security | 45 | €25,437 | €11,503 | -€13,933 | -54.8% |
| Taxes | 450/3 | €25,437 | €11,503 | -€13,933 | -54.8% |
| Other amounts payable | 47/48 | €194,151 | €255,042 | +€60,891 | +31.4% |
| Accrued charges and deferred income | 492/3 | €16,717 | €15,901 | -€815 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,088 | €24,888 | +€4,800 | +23.9% |
| Other operating charges | 640/8 | €3,567 | €3,556 | -€11 | -0.3% |
| Gross operating margin | 9900 | €144,017 | €210,591 | +€66,574 | +46.2% |
| Operating profit (loss) | 9901 | €120,363 | €182,147 | +€61,784 | +51.3% |
| Financial income | 75/76B | €4,318 | €43 | -€4,275 | -99.0% |
| Recurring financial income | 75 | €4,318 | €43 | -€4,275 | -99.0% |
| Financial charges | 65/66B | €21,905 | €18,751 | -€3,154 | -14.4% |
| Recurring financial charges | 65 | €21,905 | €18,751 | -€3,154 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €102,776 | €163,440 | +€60,664 | +59.0% |
| Income taxes | 67/77 | €33,844 | €53,185 | +€19,341 | +57.1% |
| Profit (loss) for the period | 9904 | €68,932 | €110,255 | +€41,323 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,932 | €110,255 | +€41,323 | +59.9% |
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 16 October 2026 via checked.be.