S.D.S. CONSULTANCY: 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. CONSULTANCY
Largest movements
- Cash +€86,314
up €86,314 (+157%), from €55,147 to €141,462
mainly Net result for the year (+€110,663) and Advances received (+€87,574)
- Receivables within one year +€33,776
up €33,776 (+39.5%), from €85,570 to €119,346
of which Trade receivables: +€33,518
- Tangible fixed assets -€17,623
down €17,623 (-27.5%), from €64,104 to €46,481
of which Furniture and vehicles: -€16,524
- Advances received +€87,574
new in 2025: €87,574
- Other debts +€35,906
up €35,906 (+43.5%), from €82,576 to €118,482
- Debts after one year -€17,349
down €17,349 (-74.5%), from €23,281 to €5,932
- Tax, wage and social debts -€4,740
down €4,740 (-25.4%), from €18,662 to €13,922
of which Taxes: -€2,390
- Gross operating margin +€69,630
up €69,630 (+71.4%), from €97,504 to €167,134
- Taxes +€16,666
up €16,666 (+103%), from €16,197 to €32,863
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 | €205,329 | €307,811 | +€102,482 | +49.9% |
| Fixed assets | 21/28 | €64,104 | €46,481 | -€17,623 | -27.5% |
| Tangible fixed assets | 22/27 | €64,104 | €46,481 | -€17,623 | -27.5% |
| Plant, machinery and equipment | 23 | €1,161 | €1,235 | +€74 | +6.4% |
| Furniture and vehicles | 24 | €54,114 | €37,590 | -€16,524 | -30.5% |
| Other tangible fixed assets | 26 | €8,829 | €7,656 | -€1,174 | -13.3% |
| Current assets | 29/58 | €141,225 | €261,331 | +€120,106 | +85.0% |
| Amounts receivable within one year | 40/41 | €85,570 | €119,346 | +€33,776 | +39.5% |
| Trade receivables | 40 | €85,516 | €119,034 | +€33,518 | +39.2% |
| Other amounts receivable | 41 | €54 | €312 | +€258 | +476% |
| Cash at bank and in hand | 54/58 | €55,147 | €141,462 | +€86,314 | +157% |
| Deferred charges and accrued income | 490/1 | €508 | €523 | +€15 | +3.0% |
| Total equity and liabilities | 10/49 | €205,329 | €307,811 | +€102,482 | +49.9% |
| Equity | 10/15 | €60,638 | €60,638 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,038 | €42,038 | = | 0.0% |
| Distributable reserves | 133 | €42,038 | €42,038 | = | 0.0% |
| Amounts payable | 17/49 | €144,691 | €247,173 | +€102,482 | +70.8% |
| Amounts payable after more than one year | 17 | €23,281 | €5,932 | -€17,349 | -74.5% |
| Financial debts | 170/4 | €23,281 | €5,932 | -€17,349 | -74.5% |
| Amounts payable within one year | 42/48 | €120,125 | €240,073 | +€119,949 | +99.9% |
| Current portion of amounts payable after more than one year | 42 | €16,700 | €17,349 | +€650 | +3.9% |
| Financial debts | 43 | €140 | €918 | +€778 | +555% |
| Credit institutions | 430/8 | €140 | €918 | +€778 | +555% |
| Trade debts | 44 | €2,047 | €1,828 | -€219 | -10.7% |
| Suppliers | 440/4 | €2,047 | €1,828 | -€219 | -10.7% |
| Advances received on contracts in progress | 46 | - | €87,574 | +€87,574 | |
| Taxes, remuneration and social security | 45 | €18,662 | €13,922 | -€4,740 | -25.4% |
| Taxes | 450/3 | €16,312 | €13,922 | -€2,390 | -14.6% |
| Remuneration and social security | 454/9 | €2,350 | - | -€2,350 | |
| Other amounts payable | 47/48 | €82,576 | €118,482 | +€35,906 | +43.5% |
| Accrued charges and deferred income | 492/3 | €1,285 | €1,168 | -€117 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,465 | €19,594 | +€129 | +0.7% |
| Other operating charges | 640/8 | €801 | €779 | -€22 | -2.8% |
| Gross operating margin | 9900 | €97,504 | €167,134 | +€69,630 | +71.4% |
| Operating profit (loss) | 9901 | €77,238 | €146,761 | +€69,524 | +90.0% |
| Financial income | 75/76B | €718 | - | -€718 | |
| Recurring financial income | 75 | €718 | - | -€718 | |
| Financial charges | 65/66B | €3,858 | €3,235 | -€623 | -16.2% |
| Recurring financial charges | 65 | €3,858 | €3,235 | -€623 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €74,098 | €143,527 | +€69,429 | +93.7% |
| Income taxes | 67/77 | €16,197 | €32,863 | +€16,666 | +103% |
| Profit (loss) for the period | 9904 | €57,901 | €110,663 | +€52,762 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,901 | €110,663 | +€52,762 | +91.1% |
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 29 October 2026 via checked.be.