SD ADVISORY: what changed
Two fiscal 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 ADVISORY
Largest movements
- Cash -€34,526
down €34,526 (-27.3%), from €126,471 to €91,945
mainly Trade debts (-€16,865) and Other debts (-€10,274)
- Trade debts -€16,865
down €16,865 (-97.0%), from €17,386 to €521
- Other debts -€10,274
down €10,274 (-10.1%), from €101,450 to €91,177
- Profit (loss) carried forward -€6,761
down €6,761 (-30.1%), from -€22,487 to -€29,248
- Purchases and services +€7,025
new in 2025: €7,025
- Gross operating margin -€293
down €293 (-4.3%), from -€6,732 to -€7,025
- Financial income +€198
up €198 (+12.8%), from €1,550 to €1,748
- Depreciation +€137
up €137 (+192.0%), from €71 to €209
- Financial charges +€76
up €76 (+31.8%), from €240 to €316
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 | €128,515 | €94,625 | -€33,890 | -26.4% |
| Fixed assets | 21/28 | €255 | €1,346 | +€1,091 | +428.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €255 | €146 | -€109 | -42.7% |
| Furniture and vehicles | 24 | €255 | €146 | -€109 | -42.7% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €128,260 | €93,279 | -€34,981 | -27.3% |
| Amounts receivable within one year | 40/41 | €1,789 | €1,334 | -€456 | -25.5% |
| Trade receivables | 40 | €827 | €0 | -€827 | -100.0% |
| Other amounts receivable | 41 | €963 | €1,334 | +€371 | +38.6% |
| Cash at bank and in hand | 54/58 | €126,471 | €91,945 | -€34,526 | -27.3% |
| Total equity and liabilities | 10/49 | €128,515 | €94,625 | -€33,890 | -26.4% |
| Equity | 10/15 | €9,401 | €2,640 | -€6,761 | -71.9% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Outside capital | 11 | €7,605 | €7,605 | = | 0.0% |
| Other | 1109/19 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €24,283 | €24,283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €22,424 | €22,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,487 | -€29,248 | -€6,761 | -30.1% |
| Amounts payable | 17/49 | €119,114 | €91,985 | -€27,129 | -22.8% |
| Amounts payable within one year | 42/48 | €119,114 | €91,985 | -€27,129 | -22.8% |
| Trade debts | 44 | €17,386 | €521 | -€16,865 | -97.0% |
| Suppliers | 440/4 | €17,386 | €521 | -€16,865 | -97.0% |
| Taxes, remuneration and social security | 45 | €278 | €286 | +€9 | +3.1% |
| Taxes | 450/3 | €278 | €286 | +€9 | +3.1% |
| Other amounts payable | 47/48 | €101,450 | €91,177 | -€10,274 | -10.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,025 | +€7,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71 | €209 | +€137 | +192.0% |
| Other operating charges | 640/8 | €765 | €794 | +€28 | +3.7% |
| Gross operating margin | 9900 | -€6,732 | -€7,025 | -€293 | -4.3% |
| Operating profit (loss) | 9901 | -€7,569 | -€8,027 | -€458 | -6.0% |
| Financial income | 75/76B | €1,550 | €1,748 | +€198 | +12.8% |
| Recurring financial income | 75 | €1,550 | €1,748 | +€198 | +12.8% |
| Financial charges | 65/66B | €240 | €316 | +€76 | +31.8% |
| Recurring financial charges | 65 | €240 | €316 | +€76 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,260 | -€6,596 | -€336 | -5.4% |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | -€6,420 | -€6,761 | -€341 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,420 | -€6,761 | -€341 | -5.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.