SD CONSULTANCY: 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 CONSULTANCY
Largest movements
- Tangible fixed assets +€208,063
up €208,063 (+347.3%), from €59,905 to €267,968
of which Land and buildings: +€212,500
- Cash -€18,878
down €18,878 (-22.6%), from €83,652 to €64,774
mainly Investment in fixed assets (net) (-€251,729) and Receivables within one year (-€12,836)
- Receivables within one year +€12,836
up €12,836 (+127.8%), from €10,042 to €22,878
of which Trade receivables: +€11,283
- Debts after one year +€120,237
up €120,237 (+1271.1%), from €9,459 to €129,696
- Reserves +€55,442
up €55,442 (+53.6%), from €103,405 to €158,847
- Current portion of long-term debt +€12,367
up €12,367 (+123.4%), from €10,022 to €22,389
- Tax, wage and social debts +€8,515
up €8,515 (+26.9%), from €31,664 to €40,179
- Trade debts +€6,246
up €6,246 (+208.4%), from €2,998 to €9,244
- Gross operating margin +€40,062
up €40,062 (+48.8%), from €82,031 to €122,093
- Depreciation +€28,553
up €28,553 (+186.5%), from €15,314 to €43,866
- Financial charges +€4,009
up €4,009 (+496.7%), from €807 to €4,816
- Other operating charges +€2,634
up €2,634 (+803.6%), from €328 to €2,962
- Taxes +€1,624
up €1,624 (+12.1%), from €13,445 to €15,069
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,548 | €361,356 | +€202,807 | +127.9% |
| Fixed assets | 21/28 | €60,105 | €267,968 | +€207,863 | +345.8% |
| Tangible fixed assets | 22/27 | €59,905 | €267,968 | +€208,063 | +347.3% |
| Land and buildings | 22 | - | €212,500 | +€212,500 | |
| Furniture and vehicles | 24 | €38,119 | €39,152 | +€1,033 | +2.7% |
| Other tangible fixed assets | 26 | €21,786 | €16,316 | -€5,470 | -25.1% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €98,443 | €93,388 | -€5,056 | -5.1% |
| Amounts receivable within one year | 40/41 | €10,042 | €22,878 | +€12,836 | +127.8% |
| Trade receivables | 40 | €9,806 | €21,089 | +€11,283 | +115.1% |
| Other amounts receivable | 41 | €236 | €1,789 | +€1,553 | +657.8% |
| Cash at bank and in hand | 54/58 | €83,652 | €64,774 | -€18,878 | -22.6% |
| Deferred charges and accrued income | 490/1 | €4,749 | €5,735 | +€986 | +20.8% |
| Total equity and liabilities | 10/49 | €158,548 | €361,356 | +€202,807 | +127.9% |
| Equity | 10/15 | €104,405 | €159,847 | +€55,442 | +53.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €103,405 | €158,847 | +€55,442 | +53.6% |
| Distributable reserves | 133 | €103,405 | €158,847 | +€55,442 | +53.6% |
| Amounts payable | 17/49 | €54,143 | €201,509 | +€147,365 | +272.2% |
| Amounts payable after more than one year | 17 | €9,459 | €129,696 | +€120,237 | +1271.1% |
| Financial debts | 170/4 | €9,459 | €129,696 | +€120,237 | +1271.1% |
| Amounts payable within one year | 42/48 | €44,684 | €71,813 | +€27,128 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €10,022 | €22,389 | +€12,367 | +123.4% |
| Trade debts | 44 | €2,998 | €9,244 | +€6,246 | +208.4% |
| Suppliers | 440/4 | €2,998 | €9,244 | +€6,246 | +208.4% |
| Taxes, remuneration and social security | 45 | €31,664 | €40,179 | +€8,515 | +26.9% |
| Taxes | 450/3 | €31,664 | €40,179 | +€8,515 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,314 | €43,866 | +€28,553 | +186.5% |
| Other operating charges | 640/8 | €328 | €2,962 | +€2,634 | +803.6% |
| Gross operating margin | 9900 | €82,031 | €122,093 | +€40,062 | +48.8% |
| Operating profit (loss) | 9901 | €66,390 | €75,265 | +€8,875 | +13.4% |
| Financial income | 75/76B | €62 | €62 | +€0 | +0.7% |
| Recurring financial income | 75 | €62 | €62 | +€0 | +0.7% |
| Financial charges | 65/66B | €807 | €4,816 | +€4,009 | +496.7% |
| Recurring financial charges | 65 | €807 | €4,816 | +€4,009 | +496.7% |
| Profit (loss) for the period before taxes | 9903 | €65,645 | €70,511 | +€4,866 | +7.4% |
| Income taxes | 67/77 | €13,445 | €15,069 | +€1,624 | +12.1% |
| Profit (loss) for the period | 9904 | €52,200 | €55,442 | +€3,242 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,200 | €55,442 | +€3,242 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.