SD.AnT Management: 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.AnT Management
Largest movements
- Cash +€47,926
up €47,926 (+170%), from €28,187 to €76,113
mainly Net result for the year (+€64,869) and Tax, wage and social debts (+€18,061)
- Receivables within one year +€36,644
up €36,644 (+337%), from €10,866 to €47,511
of which Other amounts receivable: +€27,854
- Profit (loss) carried forward +€64,869
up €64,869 (+328%), from €19,754 to €84,623
- Tax, wage and social debts +€18,061
up €18,061 (+183%), from €9,881 to €27,943
- Other debts +€1,960
up €1,960 (+24.4%), from €8,037 to €9,997
- Trade debts +€1,496
up €1,496 (+209%), from €717 to €2,213
- Gross operating margin +€57,484
up €57,484 (+223%), from €25,730 to €83,214
- Taxes +€11,885
up €11,885 (+223%), from €5,337 to €17,222
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 | €39,821 | €125,981 | +€86,160 | +216% |
| Fixed assets | 21/28 | - | €649 | +€649 | |
| Tangible fixed assets | 22/27 | - | €649 | +€649 | |
| Furniture and vehicles | 24 | - | €649 | +€649 | |
| Current assets | 29/58 | €39,821 | €125,332 | +€85,511 | +215% |
| Amounts receivable within one year | 40/41 | €10,866 | €47,511 | +€36,644 | +337% |
| Trade receivables | 40 | €10,866 | €19,657 | +€8,791 | +80.9% |
| Other amounts receivable | 41 | - | €27,854 | +€27,854 | |
| Cash at bank and in hand | 54/58 | €28,187 | €76,113 | +€47,926 | +170% |
| Deferred charges and accrued income | 490/1 | €768 | €1,708 | +€941 | +123% |
| Total equity and liabilities | 10/49 | €39,821 | €125,981 | +€86,160 | +216% |
| Equity | 10/15 | €20,754 | €85,623 | +€64,869 | +313% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,754 | €84,623 | +€64,869 | +328% |
| Amounts payable | 17/49 | €19,067 | €40,358 | +€21,291 | +112% |
| Amounts payable within one year | 42/48 | €19,067 | €40,358 | +€21,291 | +112% |
| Financial debts | 43 | €431 | €205 | -€227 | -52.5% |
| Credit institutions | 430/8 | €431 | €205 | -€227 | -52.5% |
| Trade debts | 44 | €717 | €2,213 | +€1,496 | +209% |
| Suppliers | 440/4 | €717 | €2,213 | +€1,496 | +209% |
| Taxes, remuneration and social security | 45 | €9,881 | €27,943 | +€18,061 | +183% |
| Taxes | 450/3 | €9,881 | €27,943 | +€18,061 | +183% |
| Other amounts payable | 47/48 | €8,037 | €9,997 | +€1,960 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €209 | +€209 | |
| Other operating charges | 640/8 | €278 | €617 | +€339 | +122% |
| Gross operating margin | 9900 | €25,730 | €83,214 | +€57,484 | +223% |
| Operating profit (loss) | 9901 | €25,452 | €82,388 | +€56,935 | +224% |
| Financial income | 75/76B | - | €143 | +€143 | |
| Recurring financial income | 75 | - | €143 | +€143 | |
| Financial charges | 65/66B | €361 | €439 | +€78 | +21.7% |
| Recurring financial charges | 65 | €361 | €439 | +€78 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €25,092 | €82,091 | +€56,999 | +227% |
| Income taxes | 67/77 | €5,337 | €17,222 | +€11,885 | +223% |
| Profit (loss) for the period | 9904 | €19,754 | €64,869 | +€45,115 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €19,754 | €64,869 | +€45,115 | +228% |
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 15 October 2026 via checked.be.