S.D.C.: 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.
S.D.C.
Largest movements
- Cash +€6,323
up €6,323 (+34.8%), from €18,165 to €24,488
mainly Other debts (+€10,147) and Depreciation (+€5,196)
- Tangible fixed assets +€2,243
up €2,243 (+2.2%), from €102,878 to €105,121
of which Land and buildings: +€3,005
- Other debts +€10,147
up €10,147 (+14.8%), from €68,526 to €78,673
- Profit (loss) carried forward -€2,797
down €2,797 (-0.8%), from -€330,151 to -€332,949
- Accrued charges and deferred income +€2,311
up €2,311 (+100.0%), from €2,310 to €4,621
- Current portion of long-term debt -€1,803
down €1,803 (-100.0%), from €1,803 to €0
- Gross operating margin -€8,771
down €8,771 (-29.1%), from €30,158 to €21,387
- Depreciation -€842
down €842 (-13.9%), from €6,038 to €5,196
- Financial charges -€525
down €525 (-9.8%), from €5,382 to €4,857
- Other operating charges +€431
up €431 (+3.1%), from €13,791 to €14,222
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
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 | €122,031 | €129,779 | +€7,748 | +6.3% |
| Fixed assets | 21/28 | €102,878 | €105,121 | +€2,243 | +2.2% |
| Tangible fixed assets | 22/27 | €102,878 | €105,121 | +€2,243 | +2.2% |
| Land and buildings | 22 | €100,115 | €103,119 | +€3,005 | +3.0% |
| Plant, machinery and equipment | 23 | €2,312 | €1,792 | -€520 | -22.5% |
| Furniture and vehicles | 24 | €451 | €209 | -€242 | -53.6% |
| Current assets | 29/58 | €19,154 | €24,658 | +€5,505 | +28.7% |
| Amounts receivable within one year | 40/41 | €57 | €70 | +€13 | +22.4% |
| Other amounts receivable | 41 | €57 | €70 | +€13 | +22.4% |
| Cash at bank and in hand | 54/58 | €18,165 | €24,488 | +€6,323 | +34.8% |
| Deferred charges and accrued income | 490/1 | €931 | €101 | -€831 | -89.2% |
| Total equity and liabilities | 10/49 | €122,031 | €129,779 | +€7,748 | +6.3% |
| Equity | 10/15 | €47,849 | €45,051 | -€2,797 | -5.8% |
| Contributions | 10/11 | €378,000 | €378,000 | = | 0.0% |
| Capital | 10 | €378,000 | €378,000 | = | 0.0% |
| Issued capital | 100 | €378,000 | €378,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€330,151 | -€332,949 | -€2,797 | -0.8% |
| Amounts payable | 17/49 | €74,183 | €84,728 | +€10,546 | +14.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €71,873 | €80,107 | +€8,235 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €1,803 | €0 | -€1,803 | -100.0% |
| Trade debts | 44 | €30 | €30 | +€1 | +2.3% |
| Suppliers | 440/4 | €30 | €30 | +€1 | +2.3% |
| Taxes, remuneration and social security | 45 | €1,515 | €1,404 | -€110 | -7.3% |
| Taxes | 450/3 | €1,515 | €1,404 | -€110 | -7.3% |
| Other amounts payable | 47/48 | €68,526 | €78,673 | +€10,147 | +14.8% |
| Accrued charges and deferred income | 492/3 | €2,310 | €4,621 | +€2,311 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,038 | €5,196 | -€842 | -13.9% |
| Other operating charges | 640/8 | €13,791 | €14,222 | +€431 | +3.1% |
| Non-recurring operating charges | 66A | €280 | €20 | -€260 | -92.8% |
| Gross operating margin | 9900 | €30,158 | €21,387 | -€8,771 | -29.1% |
| Operating profit (loss) | 9901 | €10,050 | €1,949 | -€8,100 | -80.6% |
| Financial income | 75/76B | €123 | €111 | -€12 | -9.9% |
| Recurring financial income | 75 | €123 | €111 | -€12 | -9.9% |
| Financial charges | 65/66B | €5,382 | €4,857 | -€525 | -9.8% |
| Recurring financial charges | 65 | €5,382 | €4,857 | -€525 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €4,790 | -€2,797 | -€7,587 | |
| Profit (loss) for the period | 9904 | €4,790 | -€2,797 | -€7,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,790 | -€2,797 | -€7,587 |
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 4 October 2026 via checked.be.