SD&D: 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&D
Largest movements
- Receivables within one year +€61,646
up €61,646 (+147.7%), from €41,739 to €103,385
of which Trade receivables: +€51,307
- Tangible fixed assets -€3,606
down €3,606 (-14.0%), from €25,724 to €22,118
of which Furniture and vehicles: -€5,909
- Profit (loss) carried forward +€40,680
up €40,680 (+115.8%), from €35,144 to €75,824
- Trade debts +€12,591
up €12,591 (+15299.3%), from €82 to €12,674
- Tax, wage and social debts +€10,500
up €10,500 (+120.7%), from €8,700 to €19,200
- Debts after one year -€5,583
down €5,583 (-27.9%), from €20,018 to €14,435
- Gross operating margin +€23,170
up €23,170 (+49.4%), from €46,872 to €70,042
- Financial charges +€11,928
up €11,928 (+2872.2%), from €415 to €12,343
- Depreciation +€3,645
up €3,645 (+148.2%), from €2,460 to €6,106
- Taxes +€1,800
up €1,800 (+20.7%), from €8,700 to €10,500
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 | €70,367 | €129,196 | +€58,829 | +83.6% |
| Fixed assets | 21/28 | €25,735 | €22,129 | -€3,606 | -14.0% |
| Tangible fixed assets | 22/27 | €25,724 | €22,118 | -€3,606 | -14.0% |
| Plant, machinery and equipment | 23 | - | €2,303 | +€2,303 | |
| Furniture and vehicles | 24 | €25,724 | €19,815 | -€5,909 | -23.0% |
| Financial fixed assets | 28 | €11 | €11 | = | 0.0% |
| Current assets | 29/58 | €44,632 | €107,066 | +€62,434 | +139.9% |
| Amounts receivable within one year | 40/41 | €41,739 | €103,385 | +€61,646 | +147.7% |
| Trade receivables | 40 | €12,820 | €64,127 | +€51,307 | +400.2% |
| Other amounts receivable | 41 | €28,919 | €39,258 | +€10,339 | +35.8% |
| Cash at bank and in hand | 54/58 | €2,123 | €2,663 | +€540 | +25.4% |
| Deferred charges and accrued income | 490/1 | €770 | €1,018 | +€249 | +32.3% |
| Total equity and liabilities | 10/49 | €70,367 | €129,196 | +€58,829 | +83.6% |
| Equity | 10/15 | €36,644 | €77,324 | +€40,680 | +111.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,144 | €75,824 | +€40,680 | +115.8% |
| Amounts payable | 17/49 | €33,723 | €51,871 | +€18,148 | +53.8% |
| Amounts payable after more than one year | 17 | €20,018 | €14,435 | -€5,583 | -27.9% |
| Financial debts | 170/4 | €20,018 | €14,435 | -€5,583 | -27.9% |
| Amounts payable within one year | 42/48 | €13,705 | €37,036 | +€23,331 | +170.2% |
| Current portion of amounts payable after more than one year | 42 | €4,923 | €5,163 | +€240 | +4.9% |
| Trade debts | 44 | €82 | €12,674 | +€12,591 | +15299.3% |
| Suppliers | 440/4 | €82 | €12,674 | +€12,591 | +15299.3% |
| Taxes, remuneration and social security | 45 | €8,700 | €19,200 | +€10,500 | +120.7% |
| Taxes | 450/3 | €8,700 | €19,200 | +€10,500 | +120.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,460 | €6,106 | +€3,645 | +148.2% |
| Other operating charges | 640/8 | €220 | €415 | +€195 | +88.4% |
| Gross operating margin | 9900 | €46,872 | €70,042 | +€23,170 | +49.4% |
| Operating profit (loss) | 9901 | €44,192 | €63,521 | +€19,329 | +43.7% |
| Financial income | 75/76B | €68 | €2 | -€65 | -96.5% |
| Recurring financial income | 75 | €68 | €2 | -€65 | -96.5% |
| Financial charges | 65/66B | €415 | €12,343 | +€11,928 | +2872.2% |
| Recurring financial charges | 65 | €415 | €12,343 | +€11,928 | +2872.2% |
| Profit (loss) for the period before taxes | 9903 | €43,844 | €51,180 | +€7,336 | +16.7% |
| Income taxes | 67/77 | €8,700 | €10,500 | +€1,800 | +20.7% |
| Profit (loss) for the period | 9904 | €35,144 | €40,680 | +€5,536 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,144 | €40,680 | +€5,536 | +15.8% |
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 11 October 2026 via checked.be.