S.D.S.: 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.S.
Largest movements
- Receivables within one year +€51,520
up €51,520 (+20.7%), from €248,611 to €300,131
of which Trade receivables: +€45,455
- Deferred charges and accrued income -€7,246
down €7,246 (-50.5%), from €14,343 to €7,097
- Profit (loss) carried forward +€43,112
up €43,112 (+12.7%), from €338,479 to €381,591
- Current portion of long-term debt +€24,578
up €24,578 (+97.1%), from €25,312 to €49,890
- Other debts -€20,013
down €20,013 (-49.9%), from €40,141 to €20,128
- Accrued charges and deferred income -€9,559
down €9,559 (-41.5%), from €23,017 to €13,458
- Gross operating margin +€54,937
up €54,937 (+26.8%), from €204,816 to €259,753
- Staff costs +€50,391
up €50,391 (+103%), from €48,930 to €99,321
- Depreciation +€27,363
up €27,363 (+54.0%), from €50,627 to €77,990
- Taxes -€24,750
no longer reported in 2024 (was €24,750)
- Financial charges +€24,194
up €24,194 (+443%), from €5,457 to €29,651
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,069 | €649,774 | +€41,705 | +6.9% |
| Fixed assets | 21/28 | €266,688 | €263,662 | -€3,026 | -1.1% |
| Tangible fixed assets | 22/27 | €262,923 | €259,897 | -€3,026 | -1.2% |
| Plant, machinery and equipment | 23 | €32,338 | €41,786 | +€9,448 | +29.2% |
| Furniture and vehicles | 24 | €195,979 | €200,357 | +€4,378 | +2.2% |
| Leasing and similar rights | 25 | €34,606 | €17,754 | -€16,852 | -48.7% |
| Financial fixed assets | 28 | €3,765 | €3,765 | = | 0.0% |
| Current assets | 29/58 | €341,381 | €386,112 | +€44,731 | +13.1% |
| Amounts receivable within one year | 40/41 | €248,611 | €300,131 | +€51,520 | +20.7% |
| Trade receivables | 40 | €141,288 | €186,743 | +€45,455 | +32.2% |
| Other amounts receivable | 41 | €107,323 | €113,388 | +€6,065 | +5.7% |
| Cash at bank and in hand | 54/58 | €78,427 | €78,884 | +€457 | +0.6% |
| Deferred charges and accrued income | 490/1 | €14,343 | €7,097 | -€7,246 | -50.5% |
| Total equity and liabilities | 10/49 | €608,069 | €649,774 | +€41,705 | +6.9% |
| Equity | 10/15 | €360,207 | €403,320 | +€43,113 | +12.0% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Capital | 10 | €18,592 | €18,592 | +€0 | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €3,136 | €3,137 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €3,136 | €3,137 | +€1 | 0.0% |
| Legal reserve | 130 | €3,136 | €3,137 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €338,479 | €381,591 | +€43,112 | +12.7% |
| Amounts payable | 17/49 | €247,862 | €246,455 | -€1,407 | -0.6% |
| Amounts payable after more than one year | 17 | €39,233 | €40,042 | +€809 | +2.1% |
| Financial debts | 170/4 | €39,233 | €40,042 | +€809 | +2.1% |
| Amounts payable within one year | 42/48 | €185,612 | €192,954 | +€7,342 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €25,312 | €49,890 | +€24,578 | +97.1% |
| Trade debts | 44 | €60,114 | €61,192 | +€1,078 | +1.8% |
| Suppliers | 440/4 | €60,114 | €61,192 | +€1,078 | +1.8% |
| Taxes, remuneration and social security | 45 | €60,045 | €61,744 | +€1,699 | +2.8% |
| Taxes | 450/3 | €42,162 | €37,954 | -€4,208 | -10.0% |
| Remuneration and social security | 454/9 | €17,883 | €23,790 | +€5,907 | +33.0% |
| Other amounts payable | 47/48 | €40,141 | €20,128 | -€20,013 | -49.9% |
| Accrued charges and deferred income | 492/3 | €23,017 | €13,458 | -€9,559 | -41.5% |
| Remuneration, social security and pensions | 62 | €48,930 | €99,321 | +€50,391 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,627 | €77,990 | +€27,363 | +54.0% |
| Other operating charges | 640/8 | €3,428 | €9,678 | +€6,250 | +182% |
| Gross operating margin | 9900 | €204,816 | €259,753 | +€54,937 | +26.8% |
| Operating profit (loss) | 9901 | €101,831 | €72,763 | -€29,068 | -28.5% |
| Financial income | 75/76B | €208 | - | -€208 | |
| Recurring financial income | 75 | €208 | - | -€208 | |
| Financial charges | 65/66B | €5,457 | €29,651 | +€24,194 | +443% |
| Recurring financial charges | 65 | €5,457 | €29,651 | +€24,194 | +443% |
| Profit (loss) for the period before taxes | 9903 | €96,582 | €43,112 | -€53,470 | -55.4% |
| Income taxes | 67/77 | €24,750 | - | -€24,750 | |
| Profit (loss) for the period | 9904 | €71,832 | €43,112 | -€28,720 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,832 | €43,112 | -€28,720 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.