SD FINANCE: what changed
What changed
SD FINANCE
NACE 66.191, Agents and brokers in banking services
filed annual accounts (NBB)
Net result for the year
€3,804
2024 · €67,783-€63,979
Equity
€41,044
2024 · €37,241+€3,804
Cash
€46,238
2024 · €44,647+€1,591
Balance sheet total
€141,826
2024 · €164,681-€22,855
Largest movements
Assets
- Intangible fixed assets -€34,216
down €34,216 (-33.1%), from €103,374 to €69,158
- Deferred charges and accrued income +€15,348
up €15,348 (+644%), from €2,384 to €17,732
- Tangible fixed assets -€11,095
down €11,095 (-77.8%), from €14,255 to €3,160
of which Furniture and vehicles: -€10,801
- Receivables within one year +€5,517
up €5,517 (+25,260%), from €22 to €5,539
Equity and liabilities
- Debts after one year -€28,751
down €28,751 (-42.1%), from €68,350 to €39,599
of which Financial debts: -€28,751
- Profit (loss) carried forward +€3,804
up €3,804 (+12.3%), from €31,040 to €34,843
- Tax, wage and social debts +€1,912
up €1,912 (+6.4%), from €29,687 to €31,600
of which Remuneration and social security: +€1,922
Income statement
- Gross operating margin -€67,961
down €67,961 (-21.1%), from €322,829 to €254,867
- Taxes -€23,015
down €23,015 (-61.3%), from €37,561 to €14,545
- Staff costs +€18,211
up €18,211 (+10.8%), from €168,431 to €186,642
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.
Result 2024
€67,783
Gross operating margin
-€67,961
Staff costs
-€18,211
Depreciation
-€1,289
Other operating charges
-€71
Other operating items
-€235
Financial income
-€0
Financial charges
+€772
Taxes
+€23,015
Result 2025
€3,804
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€29,287
Investment
+€474
Financing
-€28,171
Cash 2024
€44,647
From operations (derived)
+€29,287
Net result for the year
+€3,804
Depreciation
+€44,836
Receivables within one year
-€5,517
Deferred charges and accrued income
-€15,348
Trade debts
-€401
Tax, wage and social debts
+€1,912
Investment (derived)
+€474
Investment in fixed assets (net)
+€474
Financing
-€28,171
Debts after one year
-€28,751
Current portion of long-term debt
+€580
Cash 2025
€46,238
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,681 | €141,826 | -€22,855 | -13.9% |
| Fixed assets | 21/28 | €117,628 | €72,318 | -€45,310 | -38.5% |
| Intangible fixed assets | 21 | €103,374 | €69,158 | -€34,216 | -33.1% |
| Tangible fixed assets | 22/27 | €14,255 | €3,160 | -€11,095 | -77.8% |
| Furniture and vehicles | 24 | €13,079 | €2,279 | -€10,801 | -82.6% |
| Other tangible fixed assets | 26 | €1,175 | €881 | -€294 | -25.0% |
| Current assets | 29/58 | €47,053 | €69,508 | +€22,455 | +47.7% |
| Amounts receivable within one year | 40/41 | €22 | €5,539 | +€5,517 | +25,260% |
| Other amounts receivable | 41 | €22 | €5,539 | +€5,517 | +25,260% |
| Cash at bank and in hand | 54/58 | €44,647 | €46,238 | +€1,591 | +3.6% |
| Deferred charges and accrued income | 490/1 | €2,384 | €17,732 | +€15,348 | +644% |
| Total equity and liabilities | 10/49 | €164,681 | €141,826 | -€22,855 | -13.9% |
| Equity | 10/15 | €37,241 | €41,044 | +€3,804 | +10.2% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,040 | €34,843 | +€3,804 | +12.3% |
| Amounts payable | 17/49 | €127,440 | €100,781 | -€26,659 | -20.9% |
| Amounts payable after more than one year | 17 | €68,350 | €39,599 | -€28,751 | -42.1% |
| Financial debts | 170/4 | €68,009 | €39,258 | -€28,751 | -42.3% |
| Other amounts payable | 178/9 | €341 | €341 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,091 | €61,183 | +€2,092 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €28,171 | €28,751 | +€580 | +2.1% |
| Trade debts | 44 | €1,233 | €832 | -€401 | -32.5% |
| Suppliers | 440/4 | €1,233 | €832 | -€401 | -32.5% |
| Taxes, remuneration and social security | 45 | €29,687 | €31,600 | +€1,912 | +6.4% |
| Taxes | 450/3 | €7,574 | €7,565 | -€10 | -0.1% |
| Remuneration and social security | 454/9 | €22,113 | €24,035 | +€1,922 | +8.7% |
| Remuneration, social security and pensions | 62 | €168,431 | €186,642 | +€18,211 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,548 | €44,836 | +€1,289 | +3.0% |
| Other operating charges | 640/8 | €2,415 | €2,486 | +€71 | +2.9% |
| Non-recurring operating charges | 66A | €239 | €474 | +€235 | +98.3% |
| Gross operating margin | 9900 | €322,829 | €254,867 | -€67,961 | -21.1% |
| Operating profit (loss) | 9901 | €108,196 | €20,429 | -€87,767 | -81.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,852 | €2,080 | -€772 | -27.1% |
| Recurring financial charges | 65 | €2,852 | €2,080 | -€772 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €105,343 | €18,349 | -€86,994 | -82.6% |
| Income taxes | 67/77 | €37,561 | €14,545 | -€23,015 | -61.3% |
| Profit (loss) for the period | 9904 | €67,783 | €3,804 | -€63,979 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,783 | €3,804 | -€63,979 | -94.4% |
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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 6 November 2026 via checked.be.