SD-Control: 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-Control
Largest movements
- Receivables within one year -€88,764
down €88,764 (-64.3%), from €138,088 to €49,323
of which Trade receivables: -€79,271
- Cash +€45,999
up €45,999 (+121%), from €38,029 to €84,028
mainly Receivables within one year (+€88,764) and Net result for the year (+€53,177)
- Reserves +€53,177
up €53,177 (+116%), from €45,908 to €99,085
- Other debts -€41,112
down €41,112 (-92.6%), from €44,393 to €3,280
- Accrued charges and deferred income -€22,672
down €22,672 (-74.9%), from €30,272 to €7,600
- Trade debts -€17,218
down €17,218 (-96.2%), from €17,907 to €689
- Tax, wage and social debts -€16,822
down €16,822 (-46.3%), from €36,348 to €19,526
of which Taxes: -€14,822
- Gross operating margin +€22,278
up €22,278 (+39.5%), from €56,428 to €78,706
- Taxes +€4,514
up €4,514 (+40.8%), from €11,076 to €15,590
- Financial income +€1,789
up €1,789 (+407%), from €440 to €2,229
- Depreciation +€1,587
up €1,587 (+31.2%), from €5,087 to €6,674
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 | €193,428 | €148,780 | -€44,648 | -23.1% |
| Fixed assets | 21/28 | €11,757 | €11,827 | +€70 | +0.6% |
| Tangible fixed assets | 22/27 | €11,752 | €11,822 | +€70 | +0.6% |
| Plant, machinery and equipment | 23 | €5,831 | €5,254 | -€577 | -9.9% |
| Furniture and vehicles | 24 | €5,921 | €6,568 | +€647 | +10.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €181,671 | €136,953 | -€44,718 | -24.6% |
| Stocks and contracts in progress | 3 | €3,734 | €3,096 | -€638 | -17.1% |
| Stocks | 30/36 | €3,734 | €3,096 | -€638 | -17.1% |
| Amounts receivable within one year | 40/41 | €138,088 | €49,323 | -€88,764 | -64.3% |
| Trade receivables | 40 | €128,594 | €49,323 | -€79,271 | -61.6% |
| Other amounts receivable | 41 | €9,493 | - | -€9,493 | |
| Cash at bank and in hand | 54/58 | €38,029 | €84,028 | +€45,999 | +121% |
| Deferred charges and accrued income | 490/1 | €1,820 | €506 | -€1,314 | -72.2% |
| Total equity and liabilities | 10/49 | €193,428 | €148,780 | -€44,648 | -23.1% |
| Equity | 10/15 | €64,508 | €117,685 | +€53,177 | +82.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,908 | €99,085 | +€53,177 | +116% |
| Distributable reserves | 133 | €45,908 | €99,085 | +€53,177 | +116% |
| Amounts payable | 17/49 | €128,920 | €31,095 | -€97,825 | -75.9% |
| Amounts payable within one year | 42/48 | €98,648 | €23,495 | -€75,152 | -76.2% |
| Trade debts | 44 | €17,907 | €689 | -€17,218 | -96.2% |
| Suppliers | 440/4 | €17,907 | €689 | -€17,218 | -96.2% |
| Taxes, remuneration and social security | 45 | €36,348 | €19,526 | -€16,822 | -46.3% |
| Taxes | 450/3 | €34,348 | €19,526 | -€14,822 | -43.2% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €44,393 | €3,280 | -€41,112 | -92.6% |
| Accrued charges and deferred income | 492/3 | €30,272 | €7,600 | -€22,672 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,087 | €6,674 | +€1,587 | +31.2% |
| Other operating charges | 640/8 | €2,094 | €2,198 | +€104 | +5.0% |
| Gross operating margin | 9900 | €56,428 | €78,706 | +€22,278 | +39.5% |
| Operating profit (loss) | 9901 | €49,247 | €69,834 | +€20,587 | +41.8% |
| Financial income | 75/76B | €440 | €2,229 | +€1,789 | +407% |
| Recurring financial income | 75 | €440 | €2,229 | +€1,789 | +407% |
| Financial charges | 65/66B | €4,028 | €3,296 | -€731 | -18.2% |
| Recurring financial charges | 65 | €4,028 | €3,296 | -€731 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €45,660 | €68,767 | +€23,107 | +50.6% |
| Income taxes | 67/77 | €11,076 | €15,590 | +€4,514 | +40.8% |
| Profit (loss) for the period | 9904 | €34,584 | €53,177 | +€18,593 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,584 | €53,177 | +€18,593 | +53.8% |
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 14 October 2026 via checked.be.