SD GENT: 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 GENT
Largest movements
- Stocks and contracts +€47,500
up €47,500 (+69.6%), from €68,250 to €115,750
- Tangible fixed assets -€38,318
down €38,318 (-33.2%), from €115,342 to €77,024
of which Plant, machinery and equipment: -€28,276
- Cash +€21,086
up €21,086 (+1170.3%), from €1,802 to €22,888
mainly Depreciation (+€38,318) and Trade debts (+€25,258)
- Financial fixed assets -€3,266
down €3,266 (-11.9%), from €27,343 to €24,076
- Trade debts +€25,258
up €25,258 (+242.3%), from €10,424 to €35,682
- Debts after one year -€8,096
down €8,096 (-51.1%), from €15,839 to €7,743
- Tax, wage and social debts +€5,725
up €5,725 (+51.8%), from €11,054 to €16,778
of which Remuneration and social security: +€7,248
- Profit (loss) carried forward +€4,256
up €4,256 (+31.0%), from -€13,709 to -€9,453
- Gross operating margin +€22,725
up €22,725 (+26.7%), from €85,233 to €107,958
- Other operating charges +€2,378
up €2,378 (+58.8%), from €4,045 to €6,423
- Staff costs +€1,607
up €1,607 (+3.5%), from €45,637 to €47,244
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 | €238,481 | €266,991 | +€28,510 | +12.0% |
| Fixed assets | 21/28 | €142,684 | €101,100 | -€41,584 | -29.1% |
| Tangible fixed assets | 22/27 | €115,342 | €77,024 | -€38,318 | -33.2% |
| Plant, machinery and equipment | 23 | €86,361 | €58,085 | -€28,276 | -32.7% |
| Furniture and vehicles | 24 | €28,980 | €18,938 | -€10,042 | -34.7% |
| Financial fixed assets | 28 | €27,343 | €24,076 | -€3,266 | -11.9% |
| Current assets | 29/58 | €95,796 | €165,891 | +€70,094 | +73.2% |
| Stocks and contracts in progress | 3 | €68,250 | €115,750 | +€47,500 | +69.6% |
| Stocks | 30/36 | €68,250 | €115,750 | +€47,500 | +69.6% |
| Amounts receivable within one year | 40/41 | €21,040 | €22,336 | +€1,297 | +6.2% |
| Trade receivables | 40 | €20,983 | €22,156 | +€1,174 | +5.6% |
| Other amounts receivable | 41 | €57 | €180 | +€123 | +215.7% |
| Cash at bank and in hand | 54/58 | €1,802 | €22,888 | +€21,086 | +1170.3% |
| Deferred charges and accrued income | 490/1 | €4,705 | €4,917 | +€212 | +4.5% |
| Total equity and liabilities | 10/49 | €238,481 | €266,991 | +€28,510 | +12.0% |
| Equity | 10/15 | €192,591 | €196,847 | +€4,256 | +2.2% |
| Contributions | 10/11 | €203,000 | €203,000 | = | 0.0% |
| Reserves | 13 | €3,300 | €3,300 | = | 0.0% |
| Distributable reserves | 133 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,709 | -€9,453 | +€4,256 | +31.0% |
| Amounts payable | 17/49 | €45,890 | €70,144 | +€24,254 | +52.9% |
| Amounts payable after more than one year | 17 | €15,839 | €7,743 | -€8,096 | -51.1% |
| Financial debts | 170/4 | €15,839 | €7,743 | -€8,096 | -51.1% |
| Amounts payable within one year | 42/48 | €29,422 | €61,884 | +€32,461 | +110.3% |
| Current portion of amounts payable after more than one year | 42 | €7,744 | €8,096 | +€352 | +4.5% |
| Trade debts | 44 | €10,424 | €35,682 | +€25,258 | +242.3% |
| Suppliers | 440/4 | €10,424 | €35,682 | +€25,258 | +242.3% |
| Taxes, remuneration and social security | 45 | €11,054 | €16,778 | +€5,725 | +51.8% |
| Taxes | 450/3 | €10,204 | €8,681 | -€1,523 | -14.9% |
| Remuneration and social security | 454/9 | €849 | €8,097 | +€7,248 | +853.3% |
| Other amounts payable | 47/48 | €201 | €1,328 | +€1,127 | +559.9% |
| Accrued charges and deferred income | 492/3 | €629 | €517 | -€111 | -17.7% |
| Remuneration, social security and pensions | 62 | €45,637 | €47,244 | +€1,607 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,318 | €38,318 | = | 0.0% |
| Other operating charges | 640/8 | €4,045 | €6,423 | +€2,378 | +58.8% |
| Gross operating margin | 9900 | €85,233 | €107,958 | +€22,725 | +26.7% |
| Operating profit (loss) | 9901 | -€2,767 | €15,973 | +€18,740 | |
| Financial income | 75/76B | €101 | €386 | +€284 | +280.8% |
| Recurring financial income | 75 | €101 | €386 | +€284 | +280.8% |
| Financial charges | 65/66B | €10,915 | €11,969 | +€1,054 | +9.7% |
| Recurring financial charges | 65 | €10,915 | €11,969 | +€1,054 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,581 | €4,390 | +€17,971 | |
| Income taxes | 67/77 | €128 | €134 | +€6 | +4.7% |
| Profit (loss) for the period | 9904 | -€13,709 | €4,256 | +€17,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,709 | €4,256 | +€17,965 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.