S.D.K.C.: 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.C.
Largest movements
- Receivables within one year -€16,375
down €16,375 (-45.9%), from €35,670 to €19,295
of which Trade receivables: -€17,428
- Cash -€9,252
down €9,252 (-44.7%), from €20,708 to €11,457
mainly Trade debts (-€36,292) and Investment in fixed assets (net) (-€22,501)
- Stocks and contracts +€5,000
new in 2025: €5,000
- Trade debts -€36,292
down €36,292 (-99.0%), from €36,658 to €365
- Debts after one year +€21,717
up €21,717 (+291%), from €7,474 to €29,192
- Tax, wage and social debts -€7,116
down €7,116 (-38.2%), from €18,621 to €11,505
- Profit (loss) carried forward +€3,395
up €3,395 (+7.0%), from -€48,539 to -€45,145
- Gross operating margin -€64,906
down €64,906 (-61.0%), from €106,404 to €41,498
- Taxes -€10,391
down €10,391 (-89.0%), from €11,671 to €1,280
- Depreciation +€4,779
up €4,779 (+28.5%), from €16,763 to €21,542
- Financial charges -€2,108
down €2,108 (-54.2%), from €3,889 to €1,781
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 | €163,379 | €144,750 | -€18,629 | -11.4% |
| Fixed assets | 21/28 | €67,000 | €67,959 | +€959 | +1.4% |
| Intangible fixed assets | 21 | €2,365 | €1,808 | -€557 | -23.6% |
| Tangible fixed assets | 22/27 | €64,636 | €66,151 | +€1,516 | +2.3% |
| Plant, machinery and equipment | 23 | €53,772 | €56,666 | +€2,894 | +5.4% |
| Furniture and vehicles | 24 | €8,656 | €8,014 | -€642 | -7.4% |
| Other tangible fixed assets | 26 | €2,207 | €1,472 | -€736 | -33.3% |
| Current assets | 29/58 | €96,379 | €76,791 | -€19,588 | -20.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €35,670 | €19,295 | -€16,375 | -45.9% |
| Trade receivables | 40 | €31,590 | €14,162 | -€17,428 | -55.2% |
| Other amounts receivable | 41 | €4,080 | €5,133 | +€1,053 | +25.8% |
| Cash at bank and in hand | 54/58 | €20,708 | €11,457 | -€9,252 | -44.7% |
| Deferred charges and accrued income | 490/1 | - | €1,039 | +€1,039 | |
| Total equity and liabilities | 10/49 | €163,379 | €144,750 | -€18,629 | -11.4% |
| Equity | 10/15 | €66,781 | €70,175 | +€3,395 | +5.1% |
| Contributions | 10/11 | €113,460 | €113,460 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,539 | -€45,145 | +€3,395 | +7.0% |
| Amounts payable | 17/49 | €96,598 | €74,575 | -€22,024 | -22.8% |
| Amounts payable after more than one year | 17 | €7,474 | €29,192 | +€21,717 | +291% |
| Financial debts | 170/4 | €7,474 | €29,192 | +€21,717 | +291% |
| Amounts payable within one year | 42/48 | €88,974 | €45,383 | -€43,591 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €1,703 | €1,772 | +€69 | +4.1% |
| Trade debts | 44 | €36,658 | €365 | -€36,292 | -99.0% |
| Suppliers | 440/4 | €36,658 | €365 | -€36,292 | -99.0% |
| Taxes, remuneration and social security | 45 | €18,621 | €11,505 | -€7,116 | -38.2% |
| Taxes | 450/3 | €18,621 | €11,505 | -€7,116 | -38.2% |
| Other amounts payable | 47/48 | €31,992 | €31,740 | -€252 | -0.8% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,763 | €21,542 | +€4,779 | +28.5% |
| Other operating charges | 640/8 | €1,160 | €1,005 | -€155 | -13.4% |
| Gross operating margin | 9900 | €106,404 | €41,498 | -€64,906 | -61.0% |
| Operating profit (loss) | 9901 | €88,481 | €18,951 | -€69,530 | -78.6% |
| Financial income | 75/76B | €2 | €5 | +€3 | +162% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +162% |
| Financial charges | 65/66B | €3,889 | €1,781 | -€2,108 | -54.2% |
| Recurring financial charges | 65 | €3,889 | €1,781 | -€2,108 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €84,594 | €17,175 | -€67,419 | -79.7% |
| Income taxes | 67/77 | €11,671 | €1,280 | -€10,391 | -89.0% |
| Profit (loss) for the period | 9904 | €72,923 | €15,895 | -€57,028 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,923 | €15,895 | -€57,028 | -78.2% |
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 25 October 2026 via checked.be.