S.D.C.F.: what changed
S.D.C.F.
Largest movements
- Cash +€60,175
up €60,175 (+2,006%), from €3,000 to €63,175
mainly Net result for the year (+€57,932) and Current portion of long-term debt (+€16,712)
- Financial fixed assets +€15,000
new in 2025: €15,000
- Tangible fixed assets -€3,903
down €3,903 (-49.7%), from €7,855 to €3,953
of which Furniture and vehicles: -€7,855
- Receivables within one year -€3,470
down €3,470 (-16.0%), from €21,721 to €18,251
of which Trade receivables: -€3,141
- Deferred charges and accrued income +€2,185
new in 2025: €2,185
- Profit (loss) carried forward +€57,932
up €57,932 (+253%), from €22,902 to €80,834
- Current portion of long-term debt +€16,712
new in 2025: €16,712
- Tax, wage and social debts -€5,736
down €5,736 (-100%), from €5,736 to €0
of which Taxes: -€5,736
- Trade debts +€1,081
up €1,081 (+115%), from €938 to €2,018
- Gross operating margin +€52,628
up €52,628 (+183%), from €28,784 to €81,412
- Taxes +€11,708
up €11,708 (+204%), from €5,736 to €17,445
- Financial charges +€4,170
new in 2025: €4,170
of which Non-recurring financial charges: +€3,355
- Other operating charges +€1,313
new in 2025: €1,313
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,576 | €102,564 | +€69,987 | +215% |
| Fixed assets | 21/28 | €7,855 | €18,953 | +€11,097 | +141% |
| Tangible fixed assets | 22/27 | €7,855 | €3,953 | -€3,903 | -49.7% |
| Plant, machinery and equipment | 23 | - | €3,953 | +€3,953 | |
| Furniture and vehicles | 24 | €7,855 | €0 | -€7,855 | -100% |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €24,721 | €83,611 | +€58,890 | +238% |
| Amounts receivable within one year | 40/41 | €21,721 | €18,251 | -€3,470 | -16.0% |
| Trade receivables | 40 | €11,612 | €8,472 | -€3,141 | -27.0% |
| Other amounts receivable | 41 | €10,109 | €9,780 | -€329 | -3.3% |
| Cash at bank and in hand | 54/58 | €3,000 | €63,175 | +€60,175 | +2,006% |
| Deferred charges and accrued income | 490/1 | - | €2,185 | +€2,185 | |
| Total equity and liabilities | 10/49 | €32,576 | €102,564 | +€69,987 | +215% |
| Equity | 10/15 | €25,902 | €83,834 | +€57,932 | +224% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €22,902 | €80,834 | +€57,932 | +253% |
| Amounts payable | 17/49 | €6,674 | €18,730 | +€12,056 | +181% |
| Amounts payable within one year | 42/48 | €6,674 | €18,730 | +€12,056 | +181% |
| Current portion of amounts payable after more than one year | 42 | - | €16,712 | +€16,712 | |
| Trade debts | 44 | €938 | €2,018 | +€1,081 | +115% |
| Suppliers | 440/4 | €938 | €2,018 | +€1,081 | +115% |
| Taxes, remuneration and social security | 45 | €5,736 | €0 | -€5,736 | -100% |
| Taxes | 450/3 | €5,736 | €0 | -€5,736 | -100% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145 | €521 | +€376 | +260% |
| Other operating charges | 640/8 | - | €1,313 | +€1,313 | |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €28,784 | €81,412 | +€52,628 | +183% |
| Operating profit (loss) | 9901 | €28,639 | €79,524 | +€50,885 | +178% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | - | €4,170 | +€4,170 | |
| Recurring financial charges | 65 | - | €815 | +€815 | |
| Non-recurring financial charges | 66B | - | €3,355 | +€3,355 | |
| Profit (loss) for the period before taxes | 9903 | €28,639 | €75,376 | +€46,737 | +163% |
| Income taxes | 67/77 | €5,736 | €17,445 | +€11,708 | +204% |
| Profit (loss) for the period | 9904 | €22,902 | €57,932 | +€35,029 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €22,902 | €57,932 | +€35,029 | +153% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.