S.D.K .: 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.K .
Largest movements
- Cash +€13,019
new in 2025: €13,019
mainly Debts after one year (+€23,058) and Depreciation (+€11,642)
- Receivables within one year +€8,956
up €8,956 (+11.3%), from €79,055 to €88,011
of which Trade receivables: +€19,995
- Tangible fixed assets -€3,790
down €3,790 (-17.5%), from €21,624 to €17,834
of which Furniture and vehicles: -€8,534
- Debts after one year +€23,058
new in 2025: €23,058
- Trade debts -€4,039
down €4,039 (-41.2%), from €9,791 to €5,753
- Short-term financial debts -€2,704
no longer reported in 2025 (was €2,704)
- Tax, wage and social debts +€2,265
up €2,265 (+26.0%), from €8,717 to €10,982
of which Remuneration and social security: +€2,041
- Gross operating margin -€23,026
down €23,026 (-55.3%), from €41,632 to €18,607
- Depreciation -€14,421
down €14,421 (-55.3%), from €26,063 to €11,642
- Taxes -€2,442
down €2,442 (-82.4%), from €2,964 to €522
- Other operating charges -€1,829
down €1,829 (-36.0%), from €5,081 to €3,252
- Financial charges +€849
up €849 (+58.4%), from €1,455 to €2,304
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 | €101,279 | €119,463 | +€18,184 | +18.0% |
| Fixed assets | 21/28 | €21,924 | €18,134 | -€3,790 | -17.3% |
| Tangible fixed assets | 22/27 | €21,624 | €17,834 | -€3,790 | -17.5% |
| Land and buildings | 22 | €11,744 | €9,471 | -€2,273 | -19.4% |
| Plant, machinery and equipment | 23 | €1,130 | €8,147 | +€7,017 | +621% |
| Furniture and vehicles | 24 | €8,750 | €216 | -€8,534 | -97.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €79,355 | €101,329 | +€21,974 | +27.7% |
| Amounts receivable within one year | 40/41 | €79,055 | €88,011 | +€8,956 | +11.3% |
| Trade receivables | 40 | €40,395 | €60,390 | +€19,995 | +49.5% |
| Other amounts receivable | 41 | €38,660 | €27,621 | -€11,039 | -28.6% |
| Cash at bank and in hand | 54/58 | - | €13,019 | +€13,019 | |
| Deferred charges and accrued income | 490/1 | €300 | €300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €101,279 | €119,463 | +€18,184 | +18.0% |
| Equity | 10/15 | €69,612 | €70,499 | +€887 | +1.3% |
| Contributions | 10/11 | €15,260 | €15,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,352 | €55,239 | +€887 | +1.6% |
| Amounts payable | 17/49 | €31,666 | €48,964 | +€17,298 | +54.6% |
| Amounts payable after more than one year | 17 | - | €23,058 | +€23,058 | |
| Financial debts | 170/4 | - | €23,058 | +€23,058 | |
| Amounts payable within one year | 42/48 | €31,666 | €25,906 | -€5,760 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €10,002 | €9,065 | -€937 | -9.4% |
| Financial debts | 43 | €2,704 | - | -€2,704 | |
| Credit institutions | 430/8 | €2,704 | - | -€2,704 | |
| Trade debts | 44 | €9,791 | €5,753 | -€4,039 | -41.2% |
| Suppliers | 440/4 | €9,791 | €5,753 | -€4,039 | -41.2% |
| Taxes, remuneration and social security | 45 | €8,717 | €10,982 | +€2,265 | +26.0% |
| Taxes | 450/3 | €2,731 | €2,954 | +€224 | +8.2% |
| Remuneration and social security | 454/9 | €5,987 | €8,027 | +€2,041 | +34.1% |
| Other amounts payable | 47/48 | €452 | €107 | -€345 | -76.3% |
| Non-recurring operating income | 76A | €83 | €3,500 | +€3,417 | +4,135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,063 | €11,642 | -€14,421 | -55.3% |
| Other operating charges | 640/8 | €5,081 | €3,252 | -€1,829 | -36.0% |
| Gross operating margin | 9900 | €41,632 | €18,607 | -€23,026 | -55.3% |
| Operating profit (loss) | 9901 | €10,488 | €3,713 | -€6,775 | -64.6% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,455 | €2,304 | +€849 | +58.4% |
| Recurring financial charges | 65 | €1,455 | €2,304 | +€849 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €9,042 | €1,409 | -€7,633 | -84.4% |
| Income taxes | 67/77 | €2,964 | €522 | -€2,442 | -82.4% |
| Profit (loss) for the period | 9904 | €6,078 | €887 | -€5,192 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,078 | €887 | -€5,192 | -85.4% |
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 20 October 2026 via checked.be.