SD CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€164,088
up €164,088 (+272.2%), from €60,293 to €224,382
of which Trade receivables: +€115,782
- Receivables after one year +€20,819
up €20,819 (+64.7%), from €32,197 to €53,016
- Tangible fixed assets -€3,917
down €3,917 (-63.3%), from €6,184 to €2,267
- Trade debts +€103,018
up €103,018 (+467.1%), from €22,057 to €125,075
- Profit (loss) carried forward +€55,427
up €55,427 (+102.6%), from €54,028 to €109,454
- Tax, wage and social debts +€19,767
up €19,767 (+1128.0%), from €1,752 to €21,519
of which Taxes: +€21,267
- Other debts +€9,921
up €9,921 (+227.0%), from €4,370 to €14,291
- Accrued charges and deferred income -€6,003
no longer reported in 2025 (was €6,003)
- Gross operating margin +€81,716
up €81,716, from -€2,084 to €79,632
- Taxes +€21,014
up €21,014 (+8324.5%), from €252 to €21,267
- Other operating charges -€1,689
no longer reported in 2025 (was €1,689)
- Financial income -€1,599
down €1,599 (-52.8%), from €3,027 to €1,428
- Depreciation -€1,206
down €1,206 (-23.5%), from €5,123 to €3,917
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 | €101,388 | €282,740 | +€181,351 | +178.9% |
| Fixed assets | 21/28 | €6,184 | €2,267 | -€3,917 | -63.3% |
| Tangible fixed assets | 22/27 | €6,184 | €2,267 | -€3,917 | -63.3% |
| Furniture and vehicles | 24 | €6,184 | €2,267 | -€3,917 | -63.3% |
| Current assets | 29/58 | €95,205 | €280,473 | +€185,268 | +194.6% |
| Amounts receivable after more than one year | 29 | €32,197 | €53,016 | +€20,819 | +64.7% |
| Other amounts receivable | 291 | €32,197 | €53,016 | +€20,819 | +64.7% |
| Amounts receivable within one year | 40/41 | €60,293 | €224,382 | +€164,088 | +272.2% |
| Trade receivables | 40 | €43,240 | €159,022 | +€115,782 | +267.8% |
| Other amounts receivable | 41 | €17,053 | €65,359 | +€48,306 | +283.3% |
| Cash at bank and in hand | 54/58 | €2,463 | €2,980 | +€518 | +21.0% |
| Deferred charges and accrued income | 490/1 | €252 | €95 | -€157 | -62.2% |
| Total equity and liabilities | 10/49 | €101,388 | €282,740 | +€181,351 | +178.9% |
| Equity | 10/15 | €66,428 | €121,854 | +€55,427 | +83.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,028 | €109,454 | +€55,427 | +102.6% |
| Amounts payable | 17/49 | €34,961 | €160,885 | +€125,925 | +360.2% |
| Amounts payable within one year | 42/48 | €28,958 | €160,885 | +€131,928 | +455.6% |
| Current portion of amounts payable after more than one year | 42 | €778 | - | -€778 | |
| Trade debts | 44 | €22,057 | €125,075 | +€103,018 | +467.1% |
| Suppliers | 440/4 | €22,057 | €125,075 | +€103,018 | +467.1% |
| Taxes, remuneration and social security | 45 | €1,752 | €21,519 | +€19,767 | +1128.0% |
| Taxes | 450/3 | €252 | €21,519 | +€21,267 | +8424.5% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €4,370 | €14,291 | +€9,921 | +227.0% |
| Accrued charges and deferred income | 492/3 | €6,003 | - | -€6,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,123 | €3,917 | -€1,206 | -23.5% |
| Other operating charges | 640/8 | €1,689 | - | -€1,689 | |
| Gross operating margin | 9900 | -€2,084 | €79,632 | +€81,716 | |
| Operating profit (loss) | 9901 | -€8,896 | €75,716 | +€84,611 | |
| Financial income | 75/76B | €3,027 | €1,428 | -€1,599 | -52.8% |
| Recurring financial income | 75 | €3,027 | €1,428 | -€1,599 | -52.8% |
| Financial charges | 65/66B | €1,140 | €450 | -€690 | -60.5% |
| Recurring financial charges | 65 | €1,140 | €450 | -€690 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,008 | €76,694 | +€83,702 | |
| Income taxes | 67/77 | €252 | €21,267 | +€21,014 | +8324.5% |
| Profit (loss) for the period | 9904 | -€7,261 | €55,427 | +€62,687 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,261 | €55,427 | +€62,687 |
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 7 October 2026 via checked.be.