SD&G Schilderwerken: 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&G Schilderwerken
Largest movements
- Cash +€10,180
up €10,180 (+42.4%), from €24,033 to €34,213
mainly Other debts (+€18,039) and Net result for the year (+€8,300)
- Tangible fixed assets -€634
down €634 (-40.3%), from €1,574 to €939
of which Plant, machinery and equipment: -€465
- Receivables within one year +€574
up €574 (+111%), from €518 to €1,092
of which Trade receivables: +€1,092
- Intangible fixed assets -€417
down €417 (-27.6%), from €1,513 to €1,096
- Other debts +€18,039
new in 2025: €18,039
- Reserves -€9,700
down €9,700 (-51.8%), from €18,708 to €9,009
- Tax, wage and social debts +€907
up €907 (+23.0%), from €3,944 to €4,850
of which Taxes: +€972
- Trade debts +€468
up €468 (+316%), from €148 to €616
- Gross operating margin -€1,980
down €1,980 (-13.2%), from €14,985 to €13,005
- Depreciation -€1,271
down €1,271 (-54.7%), from €2,322 to €1,051
- Other operating charges +€730
up €730 (+239%), from €306 to €1,036
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 | €27,800 | €37,514 | +€9,714 | +34.9% |
| Fixed assets | 21/28 | €3,086 | €2,035 | -€1,051 | -34.1% |
| Intangible fixed assets | 21 | €1,513 | €1,096 | -€417 | -27.6% |
| Tangible fixed assets | 22/27 | €1,574 | €939 | -€634 | -40.3% |
| Plant, machinery and equipment | 23 | €960 | €495 | -€465 | -48.4% |
| Furniture and vehicles | 24 | €613 | €444 | -€169 | -27.6% |
| Current assets | 29/58 | €24,714 | €35,479 | +€10,765 | +43.6% |
| Amounts receivable within one year | 40/41 | €518 | €1,092 | +€574 | +111% |
| Trade receivables | 40 | - | €1,092 | +€1,092 | |
| Other amounts receivable | 41 | €518 | - | -€518 | |
| Cash at bank and in hand | 54/58 | €24,033 | €34,213 | +€10,180 | +42.4% |
| Deferred charges and accrued income | 490/1 | €163 | €174 | +€12 | +7.2% |
| Total equity and liabilities | 10/49 | €27,800 | €37,514 | +€9,714 | +34.9% |
| Equity | 10/15 | €23,708 | €14,009 | -€9,700 | -40.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,708 | €9,009 | -€9,700 | -51.8% |
| Distributable reserves | 133 | €18,708 | €9,009 | -€9,700 | -51.8% |
| Amounts payable | 17/49 | €4,092 | €23,505 | +€19,414 | +474% |
| Amounts payable within one year | 42/48 | €4,092 | €23,505 | +€19,414 | +474% |
| Trade debts | 44 | €148 | €616 | +€468 | +316% |
| Suppliers | 440/4 | €148 | €616 | +€468 | +316% |
| Taxes, remuneration and social security | 45 | €3,944 | €4,850 | +€907 | +23.0% |
| Taxes | 450/3 | €2,526 | €3,498 | +€972 | +38.5% |
| Remuneration and social security | 454/9 | €1,418 | €1,353 | -€65 | -4.6% |
| Other amounts payable | 47/48 | - | €18,039 | +€18,039 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,322 | €1,051 | -€1,271 | -54.7% |
| Other operating charges | 640/8 | €306 | €1,036 | +€730 | +239% |
| Gross operating margin | 9900 | €14,985 | €13,005 | -€1,980 | -13.2% |
| Operating profit (loss) | 9901 | €12,357 | €10,917 | -€1,440 | -11.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €0 | €0 | +€0 | +100% |
| Recurring financial charges | 65 | €0 | €0 | +€0 | +100% |
| Profit (loss) for the period before taxes | 9903 | €12,357 | €10,918 | -€1,439 | -11.6% |
| Income taxes | 67/77 | €2,526 | €2,617 | +€91 | +3.6% |
| Profit (loss) for the period | 9904 | €9,831 | €8,300 | -€1,531 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,831 | €8,300 | -€1,531 | -15.6% |
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 31 October 2026 via checked.be.