S.D.S. ELECTRO: 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. ELECTRO
Largest movements
- Tangible fixed assets -€159,524
down €159,524 (-73.1%), from €218,102 to €58,579
of which Land and buildings: -€139,755
- Cash +€73,197
up €73,197 (+184%), from €39,819 to €113,016
mainly Investment in fixed assets (net) (+€135,365) and Depreciation (+€24,159)
- Deferred charges and accrued income -€12,539
no longer reported in 2025 (was €12,539)
- Debts after one year -€112,578
down €112,578 (-90.0%), from €125,119 to €12,541
- Other debts +€16,248
up €16,248 (+5.2%), from €312,790 to €329,039
- Trade debts -€13,807
down €13,807 (-45.8%), from €30,173 to €16,366
- Profit (loss) carried forward +€11,168
up €11,168 (+13.9%), from -€80,458 to -€69,290
- Gross operating margin -€17,990
down €17,990 (-10.2%), from €177,076 to €159,086
- Financial income +€5,497
up €5,497 (+42.9%), from €12,822 to €18,319
- Depreciation -€1,929
down €1,929 (-7.4%), from €26,088 to €24,159
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 | €700,909 | €596,229 | -€104,679 | -14.9% |
| Fixed assets | 21/28 | €218,102 | €58,579 | -€159,524 | -73.1% |
| Tangible fixed assets | 22/27 | €218,102 | €58,579 | -€159,524 | -73.1% |
| Land and buildings | 22 | €167,354 | €27,599 | -€139,755 | -83.5% |
| Furniture and vehicles | 24 | €50,748 | €30,980 | -€19,768 | -39.0% |
| Current assets | 29/58 | €482,807 | €537,651 | +€54,844 | +11.4% |
| Stocks and contracts in progress | 3 | €224,126 | €218,267 | -€5,859 | -2.6% |
| Stocks | 30/36 | €224,126 | €218,267 | -€5,859 | -2.6% |
| Amounts receivable within one year | 40/41 | €6,323 | €10,487 | +€4,164 | +65.9% |
| Trade receivables | 40 | €4,282 | €5,186 | +€904 | +21.1% |
| Other amounts receivable | 41 | €2,041 | €5,301 | +€3,260 | +160% |
| Current investments | 50/53 | €200,000 | €195,881 | -€4,119 | -2.1% |
| Cash at bank and in hand | 54/58 | €39,819 | €113,016 | +€73,197 | +184% |
| Deferred charges and accrued income | 490/1 | €12,539 | - | -€12,539 | |
| Total equity and liabilities | 10/49 | €700,909 | €596,229 | -€104,679 | -14.9% |
| Equity | 10/15 | €199,341 | €210,509 | +€11,168 | +5.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €79,799 | €79,799 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €59,799 | €59,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,458 | -€69,290 | +€11,168 | +13.9% |
| Amounts payable | 17/49 | €501,568 | €385,721 | -€115,847 | -23.1% |
| Amounts payable after more than one year | 17 | €125,119 | €12,541 | -€112,578 | -90.0% |
| Financial debts | 170/4 | €125,119 | €12,541 | -€112,578 | -90.0% |
| Amounts payable within one year | 42/48 | €372,381 | €373,180 | +€799 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €28,312 | €21,335 | -€6,977 | -24.6% |
| Trade debts | 44 | €30,173 | €16,366 | -€13,807 | -45.8% |
| Suppliers | 440/4 | €30,173 | €16,366 | -€13,807 | -45.8% |
| Taxes, remuneration and social security | 45 | €1,106 | €6,441 | +€5,335 | +482% |
| Taxes | 450/3 | €1,106 | €441 | -€665 | -60.1% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €312,790 | €329,039 | +€16,248 | +5.2% |
| Accrued charges and deferred income | 492/3 | €4,069 | - | -€4,069 | |
| Non-recurring operating income | 76A | €214,004 | €200,000 | -€14,004 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,088 | €24,159 | -€1,929 | -7.4% |
| Other operating charges | 640/8 | €3,229 | €1,929 | -€1,301 | -40.3% |
| Non-recurring operating charges | 66A | €126,553 | €135,365 | +€8,812 | +7.0% |
| Gross operating margin | 9900 | €177,076 | €159,086 | -€17,990 | -10.2% |
| Operating profit (loss) | 9901 | €21,205 | -€2,366 | -€23,572 | |
| Financial income | 75/76B | €12,822 | €18,319 | +€5,497 | +42.9% |
| Recurring financial income | 75 | €12,822 | €18,319 | +€5,497 | +42.9% |
| Financial charges | 65/66B | €3,887 | €4,335 | +€448 | +11.5% |
| Recurring financial charges | 65 | €3,887 | €4,335 | +€448 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €30,140 | €11,618 | -€18,523 | -61.5% |
| Income taxes | 67/77 | €461 | €450 | -€11 | -2.4% |
| Profit (loss) for the period | 9904 | €29,679 | €11,168 | -€18,511 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,679 | €11,168 | -€18,511 | -62.4% |
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 23 October 2026 via checked.be.