S.D.CONSTRUCT SA: 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.D.CONSTRUCT SA
Largest movements
- Receivables within one year -€78,074
down €78,074 (-30.9%), from €252,708 to €174,635
of which Trade receivables: -€41,504
- Stocks and contracts -€46,446
no longer reported in 2025 (was €46,446)
- Profit (loss) carried forward -€115,953
down €115,953 (-18.5%), from -€625,846 to -€741,799
- Other debts +€81,937
up €81,937 (+13.9%), from €591,260 to €673,197
- Trade debts -€48,150
down €48,150 (-57.4%), from €83,897 to €35,748
- Tax, wage and social debts -€37,808
down €37,808 (-77.1%), from €49,056 to €11,248
of which Remuneration and social security: -€26,802
- Staff costs -€53,027
down €53,027 (-49.3%), from €107,653 to €54,626
- Gross operating margin -€34,442
down €34,442 (-864%), from -€3,985 to -€38,427
- Financial charges -€3,646
down €3,646 (-21.9%), from €16,622 to €12,976
- Other operating charges -€1,314
down €1,314 (-18.4%), from €7,136 to €5,821
- Depreciation -€721
down €721 (-15.3%), from €4,722 to €4,001
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 | €304,083 | €183,930 | -€120,153 | -39.5% |
| Fixed assets | 21/28 | €4,878 | €6,317 | +€1,439 | +29.5% |
| Tangible fixed assets | 22/27 | €4,515 | €5,954 | +€1,439 | +31.9% |
| Plant, machinery and equipment | 23 | €3,043 | €850 | -€2,193 | -72.1% |
| Furniture and vehicles | 24 | €1,471 | €5,104 | +€3,633 | +247% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €299,205 | €177,613 | -€121,592 | -40.6% |
| Stocks and contracts in progress | 3 | €46,446 | - | -€46,446 | |
| Stocks | 30/36 | €46,446 | - | -€46,446 | |
| Amounts receivable within one year | 40/41 | €252,708 | €174,635 | -€78,074 | -30.9% |
| Trade receivables | 40 | €85,399 | €43,895 | -€41,504 | -48.6% |
| Other amounts receivable | 41 | €167,310 | €130,740 | -€36,570 | -21.9% |
| Cash at bank and in hand | 54/58 | €51 | €856 | +€805 | +1,585% |
| Deferred charges and accrued income | 490/1 | - | €2,122 | +€2,122 | |
| Total equity and liabilities | 10/49 | €304,083 | €183,930 | -€120,153 | -39.5% |
| Equity | 10/15 | -€420,371 | -€536,324 | -€115,953 | -27.6% |
| Contributions | 10/11 | €202,500 | €202,500 | = | 0.0% |
| Capital | 10 | €202,500 | €202,500 | = | 0.0% |
| Issued capital | 100 | €202,500 | €202,500 | = | 0.0% |
| Reserves | 13 | €2,975 | €2,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Legal reserve | 130 | €2,975 | €2,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€625,846 | -€741,799 | -€115,953 | -18.5% |
| Amounts payable | 17/49 | €724,454 | €720,255 | -€4,199 | -0.6% |
| Amounts payable within one year | 42/48 | €724,213 | €720,193 | -€4,020 | -0.6% |
| Trade debts | 44 | €83,897 | €35,748 | -€48,150 | -57.4% |
| Suppliers | 440/4 | €83,897 | €35,748 | -€48,150 | -57.4% |
| Taxes, remuneration and social security | 45 | €49,056 | €11,248 | -€37,808 | -77.1% |
| Taxes | 450/3 | €13,383 | €2,378 | -€11,005 | -82.2% |
| Remuneration and social security | 454/9 | €35,673 | €8,870 | -€26,802 | -75.1% |
| Other amounts payable | 47/48 | €591,260 | €673,197 | +€81,937 | +13.9% |
| Accrued charges and deferred income | 492/3 | €240 | €61 | -€179 | -74.5% |
| Remuneration, social security and pensions | 62 | €107,653 | €54,626 | -€53,027 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,722 | €4,001 | -€721 | -15.3% |
| Other operating charges | 640/8 | €7,136 | €5,821 | -€1,314 | -18.4% |
| Gross operating margin | 9900 | -€3,985 | -€38,427 | -€34,442 | -864% |
| Operating profit (loss) | 9901 | -€123,496 | -€102,875 | +€20,621 | +16.7% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.9% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.9% |
| Financial charges | 65/66B | €16,622 | €12,976 | -€3,646 | -21.9% |
| Recurring financial charges | 65 | €16,622 | €12,976 | -€3,646 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€140,111 | -€115,851 | +€24,260 | +17.3% |
| Income taxes | 67/77 | €103 | €102 | -€1 | -1.1% |
| Profit (loss) for the period | 9904 | -€140,214 | -€115,953 | +€24,261 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,214 | -€115,953 | +€24,261 | +17.3% |
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 24 October 2026 via checked.be.