SD Co: 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 Co
Largest movements
- Cash +€34,485
up €34,485 (+112.6%), from €30,639 to €65,124
mainly Net result for the year (+€23,031) and Receivables within one year (+€19,377)
- Receivables within one year -€19,377
down €19,377 (-51.9%), from €37,335 to €17,958
of which Trade receivables: -€24,626
- Tangible fixed assets +€7,400
up €7,400 (+193.7%), from €3,821 to €11,221
of which Plant, machinery and equipment: +€8,808
- Profit (loss) carried forward +€23,031
up €23,031 (+50.0%), from €46,065 to €69,096
- Trade debts -€2,022
down €2,022 (-24.9%), from €8,130 to €6,108
- Other debts +€1,455
up €1,455 (+42.4%), from €3,435 to €4,890
- Gross operating margin -€29,090
down €29,090 (-45.4%), from €64,014 to €34,924
- Taxes -€5,954
down €5,954 (-50.9%), from €11,705 to €5,751
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 | €72,630 | €95,094 | +€22,464 | +30.9% |
| Fixed assets | 21/28 | €3,821 | €11,221 | +€7,400 | +193.7% |
| Tangible fixed assets | 22/27 | €3,821 | €11,221 | +€7,400 | +193.7% |
| Plant, machinery and equipment | 23 | - | €8,808 | +€8,808 | |
| Furniture and vehicles | 24 | €3,821 | €2,413 | -€1,408 | -36.8% |
| Current assets | 29/58 | €68,809 | €83,873 | +€15,064 | +21.9% |
| Amounts receivable within one year | 40/41 | €37,335 | €17,958 | -€19,377 | -51.9% |
| Trade receivables | 40 | €37,040 | €12,414 | -€24,626 | -66.5% |
| Other amounts receivable | 41 | €295 | €5,544 | +€5,249 | +1779.3% |
| Cash at bank and in hand | 54/58 | €30,639 | €65,124 | +€34,485 | +112.6% |
| Deferred charges and accrued income | 490/1 | €835 | €791 | -€44 | -5.3% |
| Total equity and liabilities | 10/49 | €72,630 | €95,094 | +€22,464 | +30.9% |
| Equity | 10/15 | €61,065 | €84,096 | +€23,031 | +37.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,065 | €69,096 | +€23,031 | +50.0% |
| Amounts payable | 17/49 | €11,565 | €10,998 | -€567 | -4.9% |
| Amounts payable within one year | 42/48 | €11,565 | €10,998 | -€567 | -4.9% |
| Trade debts | 44 | €8,130 | €6,108 | -€2,022 | -24.9% |
| Suppliers | 440/4 | €8,130 | €6,108 | -€2,022 | -24.9% |
| Other amounts payable | 47/48 | €3,435 | €4,890 | +€1,455 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,992 | €3,092 | +€100 | +3.3% |
| Other operating charges | 640/8 | €55 | €55 | = | 0.0% |
| Gross operating margin | 9900 | €64,014 | €34,924 | -€29,090 | -45.4% |
| Operating profit (loss) | 9901 | €60,967 | €31,777 | -€29,190 | -47.9% |
| Financial charges | 65/66B | €3,197 | €2,995 | -€202 | -6.3% |
| Recurring financial charges | 65 | €3,197 | €2,995 | -€202 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €57,770 | €28,782 | -€28,988 | -50.2% |
| Income taxes | 67/77 | €11,705 | €5,751 | -€5,954 | -50.9% |
| Profit (loss) for the period | 9904 | €46,065 | €23,031 | -€23,034 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,065 | €23,031 | -€23,034 | -50.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.