SD CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€4,824
down €4,824 (-40.5%), from €11,901 to €7,077
of which Other amounts receivable: -€3,000
- Cash -€2,584
down €2,584 (-69.6%), from €3,711 to €1,126
mainly Net result for the year (-€6,703) and Other debts (-€3,368)
- Tangible fixed assets -€1,446
down €1,446 (-47.9%), from €3,017 to €1,571
of which Plant, machinery and equipment: -€882
- Profit (loss) carried forward -€6,703
down €6,703 (-36.4%), from -€18,426 to -€25,129
- Other debts -€3,368
down €3,368 (-79.1%), from €4,256 to €888
- Tax, wage and social debts +€893
up €893 (+140%), from €640 to €1,533
- Trade debts +€711
up €711 (+24.4%), from €2,910 to €3,620
- Accrued charges and deferred income -€387
no longer reported in 2025 (was €387)
- Gross operating margin +€12,446
up €12,446 (+74.1%), from -€16,802 to -€4,356
- Financial charges +€268
up €268 (+122%), from €219 to €487
- Other operating charges +€222
up €222 (+111%), from €200 to €422
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 | €18,628 | €9,774 | -€8,855 | -47.5% |
| Fixed assets | 21/28 | €3,017 | €1,571 | -€1,446 | -47.9% |
| Tangible fixed assets | 22/27 | €3,017 | €1,571 | -€1,446 | -47.9% |
| Plant, machinery and equipment | 23 | €1,080 | €198 | -€882 | -81.7% |
| Furniture and vehicles | 24 | €1,937 | €1,373 | -€564 | -29.1% |
| Current assets | 29/58 | €15,612 | €8,203 | -€7,409 | -47.5% |
| Amounts receivable within one year | 40/41 | €11,901 | €7,077 | -€4,824 | -40.5% |
| Trade receivables | 40 | €8,901 | €7,077 | -€1,824 | -20.5% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €3,711 | €1,126 | -€2,584 | -69.6% |
| Total equity and liabilities | 10/49 | €18,628 | €9,774 | -€8,855 | -47.5% |
| Equity | 10/15 | €10,436 | €3,733 | -€6,703 | -64.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €21,861 | €21,861 | = | 0.0% |
| Distributable reserves | 133 | €21,861 | €21,861 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,426 | -€25,129 | -€6,703 | -36.4% |
| Amounts payable | 17/49 | €8,193 | €6,041 | -€2,152 | -26.3% |
| Amounts payable within one year | 42/48 | €7,806 | €6,041 | -€1,765 | -22.6% |
| Trade debts | 44 | €2,910 | €3,620 | +€711 | +24.4% |
| Suppliers | 440/4 | €2,910 | €3,620 | +€711 | +24.4% |
| Taxes, remuneration and social security | 45 | €640 | €1,533 | +€893 | +140% |
| Taxes | 450/3 | €640 | €1,533 | +€893 | +140% |
| Other amounts payable | 47/48 | €4,256 | €888 | -€3,368 | -79.1% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €1,446 | +€0 | 0.0% |
| Other operating charges | 640/8 | €200 | €422 | +€222 | +111% |
| Gross operating margin | 9900 | -€16,802 | -€4,356 | +€12,446 | +74.1% |
| Operating profit (loss) | 9901 | -€18,447 | -€6,223 | +€12,224 | +66.3% |
| Financial income | 75/76B | €0 | €8 | +€8 | +7,770% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +7,770% |
| Financial charges | 65/66B | €219 | €487 | +€268 | +122% |
| Recurring financial charges | 65 | €219 | €487 | +€268 | +122% |
| Profit (loss) for the period before taxes | 9903 | -€18,667 | -€6,703 | +€11,964 | +64.1% |
| Profit (loss) for the period | 9904 | -€18,667 | -€6,703 | +€11,964 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,667 | -€6,703 | +€11,964 | +64.1% |
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 29 October 2026 via checked.be.