S.D.P. CONSTRUCT: 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.P. CONSTRUCT
Largest movements
- Receivables within one year +€483,885
up €483,885 (+60.1%), from €805,063 to €1.3m
of which Other amounts receivable: +€323,931
- Cash -€283,204
down €283,204 (-56.7%), from €499,669 to €216,465
mainly Receivables within one year (-€483,885) and Contributions, distributions and other (-€233,550)
- Tangible fixed assets -€25,814
down €25,814 (-4.2%), from €614,152 to €588,337
of which Plant, machinery and equipment: -€24,601
- Trade debts -€200,125
down €200,125 (-50.8%), from €393,662 to €193,537
- Reserves +€120,000
up €120,000 (+6451.6%), from €1,860 to €121,860
of which Distributable reserves: +€120,000
- Other debts +€108,550
up €108,550 (+80.4%), from €135,000 to €243,550
- Advances received +€89,602
up €89,602 (+23.9%), from €374,591 to €464,193
- Tax, wage and social debts +€71,669
up €71,669 (+49.3%), from €145,323 to €216,992
- Gross operating margin +€94,124
up €94,124 (+18.7%), from €503,670 to €597,794
- Depreciation +€17,769
up €17,769 (+28.1%), from €63,180 to €80,948
- Financial income +€8,947
up €8,947 (+323.4%), from €2,766 to €11,713
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.
Cash bridge derived
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 | €1,922,634 | €2,100,000 | +€177,367 | +9.2% |
| Fixed assets | 21/28 | €617,902 | €594,587 | -€23,314 | -3.8% |
| Tangible fixed assets | 22/27 | €614,152 | €588,337 | -€25,814 | -4.2% |
| Land and buildings | 22 | €425,669 | €409,905 | -€15,764 | -3.7% |
| Plant, machinery and equipment | 23 | €61,508 | €36,907 | -€24,601 | -40.0% |
| Furniture and vehicles | 24 | €11,603 | €6,703 | -€4,900 | -42.2% |
| Leasing and similar rights | 25 | €115,372 | €134,822 | +€19,450 | +16.9% |
| Financial fixed assets | 28 | €3,750 | €6,250 | +€2,500 | +66.7% |
| Current assets | 29/58 | €1,304,732 | €1,505,413 | +€200,681 | +15.4% |
| Amounts receivable within one year | 40/41 | €805,063 | €1,288,948 | +€483,885 | +60.1% |
| Trade receivables | 40 | €308,999 | €468,954 | +€159,954 | +51.8% |
| Other amounts receivable | 41 | €496,064 | €819,995 | +€323,931 | +65.3% |
| Cash at bank and in hand | 54/58 | €499,669 | €216,465 | -€283,204 | -56.7% |
| Total equity and liabilities | 10/49 | €1,922,634 | €2,100,000 | +€177,367 | +9.2% |
| Equity | 10/15 | €407,411 | €526,944 | +€119,533 | +29.3% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Capital | 10 | €18,200 | €18,200 | = | 0.0% |
| Issued capital | 100 | €18,200 | €18,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €121,860 | +€120,000 | +6451.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €120,000 | +€120,000 | |
| Profit (loss) carried forward | 14 | €387,351 | €386,884 | -€467 | -0.1% |
| Amounts payable | 17/49 | €1,515,223 | €1,573,057 | +€57,834 | +3.8% |
| Amounts payable after more than one year | 17 | €420,554 | €403,094 | -€17,461 | -4.2% |
| Financial debts | 170/4 | €420,554 | €403,094 | -€17,461 | -4.2% |
| Amounts payable within one year | 42/48 | €1,094,668 | €1,169,963 | +€75,295 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €46,092 | €51,690 | +€5,599 | +12.1% |
| Trade debts | 44 | €393,662 | €193,537 | -€200,125 | -50.8% |
| Suppliers | 440/4 | €393,662 | €193,537 | -€200,125 | -50.8% |
| Advances received on contracts in progress | 46 | €374,591 | €464,193 | +€89,602 | +23.9% |
| Taxes, remuneration and social security | 45 | €145,323 | €216,992 | +€71,669 | +49.3% |
| Taxes | 450/3 | €145,323 | €216,992 | +€71,669 | +49.3% |
| Other amounts payable | 47/48 | €135,000 | €243,550 | +€108,550 | +80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,180 | €80,948 | +€17,769 | +28.1% |
| Other operating charges | 640/8 | €68,510 | €70,702 | +€2,192 | +3.2% |
| Gross operating margin | 9900 | €503,670 | €597,794 | +€94,124 | +18.7% |
| Operating profit (loss) | 9901 | €371,980 | €446,144 | +€74,164 | +19.9% |
| Financial income | 75/76B | €2,766 | €11,713 | +€8,947 | +323.4% |
| Recurring financial income | 75 | €2,766 | €11,713 | +€8,947 | +323.4% |
| Financial charges | 65/66B | €13,802 | €14,601 | +€799 | +5.8% |
| Recurring financial charges | 65 | €13,802 | €14,601 | +€799 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €360,945 | €443,256 | +€82,311 | +22.8% |
| Income taxes | 67/77 | €87,903 | €90,172 | +€2,269 | +2.6% |
| Profit (loss) for the period | 9904 | €273,041 | €353,083 | +€80,042 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €273,041 | €353,083 | +€80,042 | +29.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.