SD DEVELOPMENTS: 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 DEVELOPMENTS
Largest movements
- Receivables within one year +€57,525
up €57,525 (+2.9%), from €2.0m to €2.1m
of which Other amounts receivable: +€185,396
- Other debts +€292,104
up €292,104 (+31.6%), from €925,006 to €1.2m
- Profit (loss) carried forward -€132,264
down €132,264 (-25.9%), from -€511,069 to -€643,333
- Trade debts -€80,679
down €80,679 (-5.3%), from €1.5m to €1.4m
- Tax, wage and social debts -€21,872
down €21,872 (-100.0%), from €21,872 to €0
- Gross operating margin +€197,335
up €197,335 (+60.0%), from -€328,620 to -€131,285
- Taxes -€60,750
down €60,750 (-100.0%), from €60,750 to €0
- Financial charges -€10,766
down €10,766 (-91.9%), from €11,713 to €947
- Other operating charges -€8,020
down €8,020 (-99.2%), from €8,082 to €62
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 | €1,995,981 | €2,053,270 | +€57,290 | +2.9% |
| Current assets | 29/58 | €1,995,981 | €2,053,270 | +€57,290 | +2.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,995,420 | €2,052,945 | +€57,525 | +2.9% |
| Trade receivables | 40 | €1,037,345 | €909,475 | -€127,870 | -12.3% |
| Other amounts receivable | 41 | €958,075 | €1,143,470 | +€185,396 | +19.4% |
| Cash at bank and in hand | 54/58 | €561 | €325 | -€236 | -42.0% |
| Total equity and liabilities | 10/49 | €1,995,981 | €2,053,270 | +€57,290 | +2.9% |
| Equity | 10/15 | -€461,069 | -€593,333 | -€132,264 | -28.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511,069 | -€643,333 | -€132,264 | -25.9% |
| Amounts payable | 17/49 | €2,457,050 | €2,646,603 | +€189,554 | +7.7% |
| Amounts payable within one year | 42/48 | €2,457,050 | €2,646,603 | +€189,554 | +7.7% |
| Trade debts | 44 | €1,510,172 | €1,429,493 | -€80,679 | -5.3% |
| Suppliers | 440/4 | €1,510,172 | €1,429,493 | -€80,679 | -5.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,872 | €0 | -€21,872 | -100.0% |
| Taxes | 450/3 | €21,872 | €0 | -€21,872 | -100.0% |
| Other amounts payable | 47/48 | €925,006 | €1,217,110 | +€292,104 | +31.6% |
| Other operating charges | 640/8 | €8,082 | €62 | -€8,020 | -99.2% |
| Gross operating margin | 9900 | -€328,620 | -€131,285 | +€197,335 | +60.0% |
| Operating profit (loss) | 9901 | -€336,703 | -€131,347 | +€205,355 | +61.0% |
| Financial income | 75/76B | €586 | €30 | -€556 | -94.8% |
| Recurring financial income | 75 | €586 | €30 | -€556 | -94.8% |
| Financial charges | 65/66B | €11,713 | €947 | -€10,766 | -91.9% |
| Recurring financial charges | 65 | €11,713 | €947 | -€10,766 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | -€347,830 | -€132,264 | +€215,566 | +62.0% |
| Income taxes | 67/77 | €60,750 | €0 | -€60,750 | -100.0% |
| Profit (loss) for the period | 9904 | -€408,580 | -€132,264 | +€276,316 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€408,580 | -€132,264 | +€276,316 | +67.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.