S.D.D.I.: 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.D.I.
Largest movements
- Receivables within one year +€102,196
up €102,196 (+957%), from €10,681 to €112,876
of which Trade receivables: +€84,358
- Cash -€62,484
down €62,484 (-70.6%), from €88,543 to €26,059
mainly Receivables within one year (-€102,196) and Investment in fixed assets (net) (-€93,364)
- Tangible fixed assets +€58,753
up €58,753 (+18.5%), from €317,938 to €376,691
of which Land and buildings: +€83,026
- Debts after one year +€231,730
up €231,730 (+25.1%), from €922,913 to €1.2m
of which Other amounts payable: +€187,920
- Other debts -€75,037
down €75,037 (-83.3%), from €90,037 to €15,000
- Profit (loss) carried forward -€70,445
down €70,445 (-11.5%), from €615,074 to €544,629
- Current portion of long-term debt +€20,587
up €20,587 (+49.6%), from €41,540 to €62,127
- Gross operating margin -€19,266
down €19,266, from €3,172 to -€16,094
- Other operating charges +€4,915
up €4,915 (+140%), from €3,509 to €8,424
- Depreciation +€3,993
up €3,993 (+13.0%), from €30,619 to €34,611
- Financial charges +€3,322
up €3,322 (+41.6%), from €7,993 to €11,315
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 | €1,767,161 | €1,865,626 | +€98,465 | +5.6% |
| Fixed assets | 21/28 | €1,667,938 | €1,726,691 | +€58,753 | +3.5% |
| Tangible fixed assets | 22/27 | €317,938 | €376,691 | +€58,753 | +18.5% |
| Land and buildings | 22 | €189,799 | €272,826 | +€83,026 | +43.7% |
| Plant, machinery and equipment | 23 | €122,030 | €99,626 | -€22,404 | -18.4% |
| Furniture and vehicles | 24 | €6,108 | €4,239 | -€1,869 | -30.6% |
| Financial fixed assets | 28 | €1,350,000 | €1,350,000 | = | 0.0% |
| Current assets | 29/58 | €99,224 | €138,935 | +€39,712 | +40.0% |
| Amounts receivable within one year | 40/41 | €10,681 | €112,876 | +€102,196 | +957% |
| Trade receivables | 40 | €5,576 | €89,935 | +€84,358 | +1,513% |
| Other amounts receivable | 41 | €5,105 | €22,942 | +€17,837 | +349% |
| Cash at bank and in hand | 54/58 | €88,543 | €26,059 | -€62,484 | -70.6% |
| Total equity and liabilities | 10/49 | €1,767,161 | €1,865,626 | +€98,465 | +5.6% |
| Equity | 10/15 | €660,374 | €589,929 | -€70,445 | -10.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Share premium | 1100/10 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €25,300 | €25,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,300 | €25,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,300 | €25,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €615,074 | €544,629 | -€70,445 | -11.5% |
| Amounts payable | 17/49 | €1,106,788 | €1,275,697 | +€168,909 | +15.3% |
| Amounts payable after more than one year | 17 | €922,913 | €1,154,643 | +€231,730 | +25.1% |
| Financial debts | 170/4 | €176,413 | €220,223 | +€43,810 | +24.8% |
| Trade debts | 175 | €740,000 | €740,000 | = | 0.0% |
| Other amounts payable | 178/9 | €6,500 | €194,420 | +€187,920 | +2,891% |
| Amounts payable within one year | 42/48 | €183,874 | €121,054 | -€62,820 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €41,540 | €62,127 | +€20,587 | +49.6% |
| Financial debts | 43 | €34,000 | €34,000 | = | 0.0% |
| Other loans | 439 | €34,000 | €34,000 | = | 0.0% |
| Trade debts | 44 | €17,450 | €9,927 | -€7,523 | -43.1% |
| Suppliers | 440/4 | €17,450 | €9,927 | -€7,523 | -43.1% |
| Taxes, remuneration and social security | 45 | €848 | - | -€848 | |
| Taxes | 450/3 | €848 | - | -€848 | |
| Other amounts payable | 47/48 | €90,037 | €15,000 | -€75,037 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,619 | €34,611 | +€3,993 | +13.0% |
| Other operating charges | 640/8 | €3,509 | €8,424 | +€4,915 | +140% |
| Gross operating margin | 9900 | €3,172 | -€16,094 | -€19,266 | |
| Operating profit (loss) | 9901 | -€30,956 | -€59,129 | -€28,173 | -91.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,993 | €11,315 | +€3,322 | +41.6% |
| Recurring financial charges | 65 | €7,993 | €11,315 | +€3,322 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | -€38,950 | -€70,445 | -€31,495 | -80.9% |
| Income taxes | 67/77 | €153 | - | -€153 | |
| Profit (loss) for the period | 9904 | -€39,103 | -€70,445 | -€31,342 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,103 | -€70,445 | -€31,342 | -80.2% |
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 22 October 2026 via checked.be.