S.D.M.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.M.C.
Largest movements
- Tangible fixed assets -€22,629
down €22,629 (-6.0%), from €376,057 to €353,429
of which Land and buildings: -€24,994
- Reserves -€27,434
down €27,434 (-14.8%), from €185,048 to €157,614
of which Distributable reserves: -€27,434
- Gross operating margin -€5,132
down €5,132, from €2,063 to -€3,070
- Financial income +€807
up €807 (+16.7%), from €4,832 to €5,639
- Other operating charges +€381
up €381 (+11.1%), from €3,433 to €3,814
- Depreciation -€39
down €39 (-0.2%), from €25,924 to €25,885
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 | €473,235 | €449,449 | -€23,785 | -5.0% |
| Fixed assets | 21/28 | €376,057 | €353,429 | -€22,629 | -6.0% |
| Tangible fixed assets | 22/27 | €376,057 | €353,429 | -€22,629 | -6.0% |
| Land and buildings | 22 | €374,203 | €349,209 | -€24,994 | -6.7% |
| Furniture and vehicles | 24 | €1,855 | €4,220 | +€2,365 | +128% |
| Current assets | 29/58 | €97,177 | €96,021 | -€1,157 | -1.2% |
| Amounts receivable within one year | 40/41 | €96,556 | €95,995 | -€561 | -0.6% |
| Trade receivables | 40 | €908 | €5,022 | +€4,114 | +453% |
| Other amounts receivable | 41 | €95,648 | €90,974 | -€4,675 | -4.9% |
| Cash at bank and in hand | 54/58 | €622 | €26 | -€596 | -95.9% |
| Total equity and liabilities | 10/49 | €473,235 | €449,449 | -€23,785 | -5.0% |
| Equity | 10/15 | €470,048 | €442,614 | -€27,434 | -5.8% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Capital | 10 | €135,000 | - | -€135,000 | |
| Issued capital | 100 | €135,000 | - | -€135,000 | |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €185,048 | €157,614 | -€27,434 | -14.8% |
| Non-distributable reserves | 130/1 | €13,500 | €13,500 | = | 0.0% |
| Legal reserve | 130 | €13,500 | - | -€13,500 | |
| Reserves not available under the articles | 1311 | - | €13,500 | +€13,500 | |
| Distributable reserves | 133 | €171,548 | €144,114 | -€27,434 | -16.0% |
| Amounts payable | 17/49 | €3,187 | €6,836 | +€3,649 | +114% |
| Amounts payable within one year | 42/48 | €3,187 | €6,836 | +€3,649 | +114% |
| Trade debts | 44 | €2,840 | €6,506 | +€3,666 | +129% |
| Suppliers | 440/4 | €2,840 | €6,506 | +€3,666 | +129% |
| Taxes, remuneration and social security | 45 | €347 | €330 | -€17 | -4.9% |
| Taxes | 450/3 | €347 | €330 | -€17 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,924 | €25,885 | -€39 | -0.2% |
| Other operating charges | 640/8 | €3,433 | €3,814 | +€381 | +11.1% |
| Gross operating margin | 9900 | €2,063 | -€3,070 | -€5,132 | |
| Operating profit (loss) | 9901 | -€27,294 | -€32,769 | -€5,475 | -20.1% |
| Financial income | 75/76B | €4,832 | €5,639 | +€807 | +16.7% |
| Recurring financial income | 75 | €4,832 | €5,639 | +€807 | +16.7% |
| Financial charges | 65/66B | €114 | €92 | -€22 | -19.4% |
| Recurring financial charges | 65 | €114 | €92 | -€22 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,576 | -€27,222 | -€4,645 | -20.6% |
| Income taxes | 67/77 | €222 | €212 | -€9 | -4.2% |
| Profit (loss) for the period | 9904 | -€22,798 | -€27,434 | -€4,636 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,798 | -€27,434 | -€4,636 | -20.3% |
Source: filed annual accounts (NBB), financial years ended 30 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.