S.D.M.N.: 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.N.
Largest movements
- Receivables within one year +€9,000
up €9,000 (+34.0%), from €26,500 to €35,500
- Cash -€4,177
down €4,177 (-2.1%), from €200,232 to €196,055
mainly Receivables within one year (-€9,000) and Other debts (-€9,000)
- Profit (loss) carried forward +€13,823
up €13,823 (+15.2%), from -€91,107 to -€77,284
- Other debts -€9,000
down €9,000 (-21.6%), from €41,650 to €32,650
- Gross operating margin +€363
up €363 (+2.6%), from €13,732 to €14,095
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 | €253,042 | €257,865 | +€4,823 | +1.9% |
| Fixed assets | 21/28 | €26,310 | €26,310 | = | 0.0% |
| Tangible fixed assets | 22/27 | €22,310 | €22,310 | = | 0.0% |
| Land and buildings | 22 | €22,310 | €22,310 | = | 0.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €226,732 | €231,555 | +€4,823 | +2.1% |
| Amounts receivable within one year | 40/41 | €26,500 | €35,500 | +€9,000 | +34.0% |
| Other amounts receivable | 41 | €26,500 | €35,500 | +€9,000 | +34.0% |
| Cash at bank and in hand | 54/58 | €200,232 | €196,055 | -€4,177 | -2.1% |
| Total equity and liabilities | 10/49 | €253,042 | €257,865 | +€4,823 | +1.9% |
| Equity | 10/15 | €211,393 | €225,216 | +€13,823 | +6.5% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €27,500 | €27,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,500 | €27,500 | = | 0.0% |
| Legal reserve | 130 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,107 | -€77,284 | +€13,823 | +15.2% |
| Amounts payable | 17/49 | €41,650 | €32,650 | -€9,000 | -21.6% |
| Amounts payable within one year | 42/48 | €41,650 | €32,650 | -€9,000 | -21.6% |
| Other amounts payable | 47/48 | €41,650 | €32,650 | -€9,000 | -21.6% |
| Gross operating margin | 9900 | €13,732 | €14,095 | +€363 | +2.6% |
| Operating profit (loss) | 9901 | €13,732 | €14,095 | +€363 | +2.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €255 | €272 | +€17 | +6.6% |
| Recurring financial charges | 65 | €255 | €272 | +€17 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €13,476 | €13,823 | +€346 | +2.6% |
| Profit (loss) for the period | 9904 | €13,476 | €13,823 | +€346 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,476 | €13,823 | +€346 | +2.6% |
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 28 October 2026 via checked.be.