S.B.D.S.: 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.
S.B.D.S.
Largest movements
- Cash +€89,064
up €89,064 (+462%), from €19,264 to €108,328
mainly Net result for the year (+€52,229) and Trade debts (+€33,649)
- Receivables within one year -€23,959
down €23,959 (-24.7%), from €97,086 to €73,127
of which Trade receivables: -€25,796
- Reserves +€52,229
up €52,229 (+127%), from €41,213 to €93,443
- Trade debts +€33,649
up €33,649 (+105%), from €31,961 to €65,610
- Tax, wage and social debts -€21,362
down €21,362 (-90.2%), from €23,688 to €2,326
- Gross operating margin +€11,660
up €11,660 (+20.6%), from €56,627 to €68,287
- Depreciation -€2,424
down €2,424 (-86.9%), from €2,790 to €366
- Taxes +€2,380
up €2,380 (+15.1%), from €15,783 to €18,163
- Financial income -€1,373
down €1,373 (-24.0%), from €5,715 to €4,341
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 | €117,500 | €182,016 | +€64,516 | +54.9% |
| Fixed assets | 21/28 | €366 | - | -€366 | |
| Tangible fixed assets | 22/27 | €366 | - | -€366 | |
| Furniture and vehicles | 24 | €366 | - | -€366 | |
| Current assets | 29/58 | €117,134 | €182,016 | +€64,882 | +55.4% |
| Amounts receivable within one year | 40/41 | €97,086 | €73,127 | -€23,959 | -24.7% |
| Trade receivables | 40 | €97,086 | €71,291 | -€25,796 | -26.6% |
| Other amounts receivable | 41 | - | €1,837 | +€1,837 | |
| Cash at bank and in hand | 54/58 | €19,264 | €108,328 | +€89,064 | +462% |
| Deferred charges and accrued income | 490/1 | €783 | €560 | -€223 | -28.4% |
| Total equity and liabilities | 10/49 | €117,500 | €182,016 | +€64,516 | +54.9% |
| Equity | 10/15 | €59,763 | €111,993 | +€52,229 | +87.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €41,213 | €93,443 | +€52,229 | +127% |
| Distributable reserves | 133 | €41,213 | €93,443 | +€52,229 | +127% |
| Amounts payable | 17/49 | €57,737 | €70,023 | +€12,287 | +21.3% |
| Amounts payable within one year | 42/48 | €57,737 | €70,023 | +€12,287 | +21.3% |
| Trade debts | 44 | €31,961 | €65,610 | +€33,649 | +105% |
| Suppliers | 440/4 | €31,961 | €65,610 | +€33,649 | +105% |
| Taxes, remuneration and social security | 45 | €23,688 | €2,326 | -€21,362 | -90.2% |
| Taxes | 450/3 | €23,688 | €2,326 | -€21,362 | -90.2% |
| Other amounts payable | 47/48 | €2,088 | €2,088 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,790 | €366 | -€2,424 | -86.9% |
| Other operating charges | 640/8 | €525 | €603 | +€78 | +14.8% |
| Non-recurring operating charges | 66A | €4,425 | - | -€4,425 | |
| Gross operating margin | 9900 | €56,627 | €68,287 | +€11,660 | +20.6% |
| Operating profit (loss) | 9901 | €48,887 | €67,318 | +€18,432 | +37.7% |
| Financial income | 75/76B | €5,715 | €4,341 | -€1,373 | -24.0% |
| Recurring financial income | 75 | €5,715 | €4,341 | -€1,373 | -24.0% |
| Financial charges | 65/66B | €832 | €1,267 | +€435 | +52.3% |
| Recurring financial charges | 65 | €832 | €1,267 | +€435 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €53,769 | €70,393 | +€16,623 | +30.9% |
| Income taxes | 67/77 | €15,783 | €18,163 | +€2,380 | +15.1% |
| Profit (loss) for the period | 9904 | €37,987 | €52,229 | +€14,243 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,987 | €52,229 | +€14,243 | +37.5% |
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 23 October 2026 via checked.be.