S.D.T.: 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.T.
Largest movements
- Receivables within one year +€13,287
up €13,287 (+24.2%), from €55,016 to €68,303
of which Other amounts receivable: +€10,287
- Cash +€7,170
up €7,170 (+80.7%), from €8,887 to €16,057
mainly Net result for the year (+€44,678) and Tax, wage and social debts (+€15,097)
- Tangible fixed assets +€4,774
new in 2025: €4,774
- Tax, wage and social debts +€15,097
up €15,097 (+124%), from €12,161 to €27,258
- Trade debts +€6,031
up €6,031 (+3,003%), from €201 to €6,232
- Profit (loss) carried forward +€4,678
up €4,678 (+14.7%), from €31,747 to €36,425
- Gross operating margin +€57,557
up €57,557 (+302%), from €19,082 to €76,640
- Taxes +€16,548
up €16,548 (+201%), from €8,247 to €24,795
- Financial income -€2,762
down €2,762 (-99.8%), from €2,766 to €4
- Other operating charges +€2,283
up €2,283 (+133%), from €1,721 to €4,004
- Financial charges +€1,428
up €1,428 (+375%), from €380 to €1,809
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 | €64,719 | €90,525 | +€25,806 | +39.9% |
| Fixed assets | 21/28 | - | €4,774 | +€4,774 | |
| Tangible fixed assets | 22/27 | - | €4,774 | +€4,774 | |
| Plant, machinery and equipment | 23 | - | €4,774 | +€4,774 | |
| Current assets | 29/58 | €64,719 | €85,751 | +€21,032 | +32.5% |
| Stocks and contracts in progress | 3 | €817 | €1,035 | +€218 | +26.7% |
| Stocks | 30/36 | €817 | €1,035 | +€218 | +26.7% |
| Amounts receivable within one year | 40/41 | €55,016 | €68,303 | +€13,287 | +24.2% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €55,016 | €65,303 | +€10,287 | +18.7% |
| Cash at bank and in hand | 54/58 | €8,887 | €16,057 | +€7,170 | +80.7% |
| Deferred charges and accrued income | 490/1 | - | €356 | +€356 | |
| Total equity and liabilities | 10/49 | €64,719 | €90,525 | +€25,806 | +39.9% |
| Equity | 10/15 | €52,357 | €57,035 | +€4,678 | +8.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,747 | €36,425 | +€4,678 | +14.7% |
| Amounts payable | 17/49 | €12,362 | €33,490 | +€21,128 | +171% |
| Amounts payable within one year | 42/48 | €12,362 | €33,490 | +€21,128 | +171% |
| Trade debts | 44 | €201 | €6,232 | +€6,031 | +3,003% |
| Suppliers | 440/4 | €201 | €6,232 | +€6,031 | +3,003% |
| Taxes, remuneration and social security | 45 | €12,161 | €27,258 | +€15,097 | +124% |
| Taxes | 450/3 | €12,161 | €27,258 | +€15,097 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188 | €1,359 | +€1,170 | +621% |
| Other operating charges | 640/8 | €1,721 | €4,004 | +€2,283 | +133% |
| Gross operating margin | 9900 | €19,082 | €76,640 | +€57,557 | +302% |
| Operating profit (loss) | 9901 | €17,173 | €71,277 | +€54,104 | +315% |
| Financial income | 75/76B | €2,766 | €4 | -€2,762 | -99.8% |
| Recurring financial income | 75 | €2,766 | €4 | -€2,762 | -99.8% |
| Financial charges | 65/66B | €380 | €1,809 | +€1,428 | +375% |
| Recurring financial charges | 65 | €380 | €1,809 | +€1,428 | +375% |
| Profit (loss) for the period before taxes | 9903 | €19,559 | €69,473 | +€49,914 | +255% |
| Income taxes | 67/77 | €8,247 | €24,795 | +€16,548 | +201% |
| Profit (loss) for the period | 9904 | €11,312 | €44,678 | +€33,366 | +295% |
| Profit (loss) for the period to be appropriated | 9905 | €11,312 | €44,678 | +€33,366 | +295% |
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 25 October 2026 via checked.be.