SD ACCOUNTING: 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.
SD ACCOUNTING
Largest movements
- Tangible fixed assets -€21,262
down €21,262 (-30.9%), from €68,776 to €47,515
of which Furniture and vehicles: -€13,002
- Receivables within one year +€12,271
up €12,271 (+54.7%), from €22,445 to €34,716
of which Trade receivables: +€17,981
- Current investments -€6,127
down €6,127 (-9.1%), from €67,086 to €60,959
- Debts after one year -€18,896
down €18,896 (-39.9%), from €47,408 to €28,512
- Reserves +€6,754
up €6,754 (+6.5%), from €103,158 to €109,912
- Gross operating margin +€2,126
up €2,126 (+3.6%), from €59,783 to €61,909
- Financial charges -€888
down €888 (-24.2%), from €3,662 to €2,775
- Taxes +€833
up €833 (+7.0%), from €11,964 to €12,797
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 | €205,087 | €189,070 | -€16,018 | -7.8% |
| Fixed assets | 21/28 | €79,376 | €57,740 | -€21,637 | -27.3% |
| Tangible fixed assets | 22/27 | €68,776 | €47,515 | -€21,262 | -30.9% |
| Land and buildings | 22 | €4,667 | €0 | -€4,667 | -100.0% |
| Furniture and vehicles | 24 | €40,323 | €27,321 | -€13,002 | -32.2% |
| Other tangible fixed assets | 26 | €23,787 | €20,194 | -€3,593 | -15.1% |
| Financial fixed assets | 28 | €10,600 | €10,225 | -€375 | -3.5% |
| Current assets | 29/58 | €125,711 | €131,330 | +€5,619 | +4.5% |
| Amounts receivable within one year | 40/41 | €22,445 | €34,716 | +€12,271 | +54.7% |
| Trade receivables | 40 | €16,186 | €34,168 | +€17,981 | +111.1% |
| Other amounts receivable | 41 | €6,259 | €549 | -€5,710 | -91.2% |
| Current investments | 50/53 | €67,086 | €60,959 | -€6,127 | -9.1% |
| Cash at bank and in hand | 54/58 | €35,770 | €35,226 | -€544 | -1.5% |
| Deferred charges and accrued income | 490/1 | €410 | €429 | +€18 | +4.5% |
| Total equity and liabilities | 10/49 | €205,087 | €189,070 | -€16,018 | -7.8% |
| Equity | 10/15 | €115,558 | €122,312 | +€6,754 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €103,158 | €109,912 | +€6,754 | +6.5% |
| Distributable reserves | 133 | €103,158 | €109,912 | +€6,754 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,530 | €66,758 | -€22,772 | -25.4% |
| Amounts payable after more than one year | 17 | €47,408 | €28,512 | -€18,896 | -39.9% |
| Financial debts | 170/4 | €47,408 | €28,512 | -€18,896 | -39.9% |
| Amounts payable within one year | 42/48 | €42,121 | €38,246 | -€3,876 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €24,345 | €23,454 | -€891 | -3.7% |
| Financial debts | 43 | €47 | €31 | -€17 | -34.9% |
| Credit institutions | 430/8 | €47 | €31 | -€17 | -34.9% |
| Trade debts | 44 | €7,236 | €5,773 | -€1,463 | -20.2% |
| Suppliers | 440/4 | €7,236 | €5,773 | -€1,463 | -20.2% |
| Taxes, remuneration and social security | 45 | €10,492 | €8,988 | -€1,504 | -14.3% |
| Taxes | 450/3 | €10,492 | €8,988 | -€1,504 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,262 | €21,262 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,420 | €1,696 | +€276 | +19.5% |
| Gross operating margin | 9900 | €59,783 | €61,909 | +€2,126 | +3.6% |
| Operating profit (loss) | 9901 | €37,102 | €38,952 | +€1,850 | +5.0% |
| Financial income | 75/76B | €1,154 | €1,587 | +€433 | +37.5% |
| Recurring financial income | 75 | €1,154 | €1,587 | +€433 | +37.5% |
| Financial charges | 65/66B | €3,662 | €2,775 | -€888 | -24.2% |
| Recurring financial charges | 65 | €3,662 | €2,775 | -€888 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €34,593 | €37,764 | +€3,170 | +9.2% |
| Income taxes | 67/77 | €11,964 | €12,797 | +€833 | +7.0% |
| Profit (loss) for the period | 9904 | €22,630 | €24,967 | +€2,337 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,630 | €24,967 | +€2,337 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.