SD Electronics: what changed
SD Electronics
Largest movements
- Cash -€5,720
down €5,720 (-53.6%), from €10,664 to €4,944
mainly Other debts (-€6,039) and Trade debts (-€5,945)
- Receivables within one year -€1,362
down €1,362 (-6.9%), from €19,809 to €18,447
of which Other amounts receivable: -€1,337
- Other debts -€6,039
down €6,039 (-99.7%), from €6,059 to €20
- Trade debts -€5,945
down €5,945 (-74.6%), from €7,975 to €2,030
- Tax, wage and social debts +€3,037
up €3,037 (+227%), from €1,338 to €4,375
- Reserves +€1,129
up €1,129 (+8.3%), from €13,651 to €14,780
- Short-term financial debts +€449
new in 2025: €449
- Financial charges +€826
up €826 (+29.4%), from €2,804 to €3,630
- Gross operating margin +€515
up €515 (+8.1%), from €6,346 to €6,862
- Taxes -€113
down €113 (-11.3%), from €1,005 to €892
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,524 | €24,154 | -€7,370 | -23.4% |
| Fixed assets | 21/28 | €1,051 | €763 | -€288 | -27.4% |
| Tangible fixed assets | 22/27 | €1,051 | €763 | -€288 | -27.4% |
| Furniture and vehicles | 24 | €1,051 | €763 | -€288 | -27.4% |
| Current assets | 29/58 | €30,473 | €23,391 | -€7,081 | -23.2% |
| Amounts receivable within one year | 40/41 | €19,809 | €18,447 | -€1,362 | -6.9% |
| Trade receivables | 40 | €14,127 | €14,103 | -€24 | -0.2% |
| Other amounts receivable | 41 | €5,682 | €4,344 | -€1,337 | -23.5% |
| Cash at bank and in hand | 54/58 | €10,664 | €4,944 | -€5,720 | -53.6% |
| Total equity and liabilities | 10/49 | €31,524 | €24,154 | -€7,370 | -23.4% |
| Equity | 10/15 | €16,151 | €17,280 | +€1,129 | +7.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,651 | €14,780 | +€1,129 | +8.3% |
| Distributable reserves | 133 | €13,651 | €14,780 | +€1,129 | +8.3% |
| Amounts payable | 17/49 | €15,372 | €6,874 | -€8,498 | -55.3% |
| Amounts payable within one year | 42/48 | €15,372 | €6,874 | -€8,498 | -55.3% |
| Financial debts | 43 | - | €449 | +€449 | |
| Credit institutions | 430/8 | - | €449 | +€449 | |
| Trade debts | 44 | €7,975 | €2,030 | -€5,945 | -74.6% |
| Suppliers | 440/4 | €7,975 | €2,030 | -€5,945 | -74.6% |
| Taxes, remuneration and social security | 45 | €1,338 | €4,375 | +€3,037 | +227% |
| Taxes | 450/3 | €1,338 | €4,375 | +€3,037 | +227% |
| Other amounts payable | 47/48 | €6,059 | €20 | -€6,039 | -99.7% |
| Remuneration, social security and pensions | 62 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288 | €288 | = | 0.0% |
| Other operating charges | 640/8 | €891 | €914 | +€23 | +2.6% |
| Gross operating margin | 9900 | €6,346 | €6,862 | +€515 | +8.1% |
| Operating profit (loss) | 9901 | €5,167 | €5,647 | +€480 | +9.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,804 | €3,630 | +€826 | +29.4% |
| Recurring financial charges | 65 | €2,804 | €3,630 | +€826 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €2,363 | €2,020 | -€343 | -14.5% |
| Income taxes | 67/77 | €1,005 | €892 | -€113 | -11.3% |
| Profit (loss) for the period | 9904 | €1,359 | €1,129 | -€230 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,359 | €1,129 | -€230 | -16.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.