SD Plus: 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 Plus
Largest movements
- Cash -€126,757
down €126,757 (-21.4%), from €593,251 to €466,494
mainly Net result for the year (-€100,768) and Current investments (-€25,000)
- Receivables within one year -€38,557
down €38,557 (-82.5%), from €46,726 to €8,169
of which Trade receivables: -€41,337
- Current investments +€25,000
new in 2024: €25,000
- Profit (loss) carried forward -€98,351
down €98,351, from €47,478 to -€50,873
- Trade debts -€22,195
down €22,195 (-96.5%), from €23,011 to €816
- Other debts -€19,411
down €19,411 (-67.2%), from €28,876 to €9,465
- Short-term financial debts +€12,050
up €12,050 (+968%), from €1,245 to €13,296
of which Credit institutions: +€13,296
- Tax, wage and social debts -€7,194
down €7,194 (-91.3%), from €7,876 to €682
- Gross operating margin -€607,067
down €607,067, from €490,059 to -€117,008
- Financial income +€26,528
up €26,528 (+1,959%), from €1,354 to €27,882
- Taxes -€13,380
down €13,380 (-97.9%), from €13,660 to €281
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €663,030 | €525,327 | -€137,703 | -20.8% |
| Fixed assets | 21/28 | €23,052 | €25,353 | +€2,300 | +10.0% |
| Tangible fixed assets | 22/27 | €23,052 | €25,353 | +€2,300 | +10.0% |
| Land and buildings | 22 | €8,240 | €7,367 | -€874 | -10.6% |
| Plant, machinery and equipment | 23 | €7,019 | €10,912 | +€3,892 | +55.5% |
| Furniture and vehicles | 24 | €7,793 | €7,074 | -€718 | -9.2% |
| Current assets | 29/58 | €639,978 | €499,974 | -€140,004 | -21.9% |
| Amounts receivable within one year | 40/41 | €46,726 | €8,169 | -€38,557 | -82.5% |
| Trade receivables | 40 | €43,525 | €2,188 | -€41,337 | -95.0% |
| Other amounts receivable | 41 | €3,202 | €5,981 | +€2,779 | +86.8% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €593,251 | €466,494 | -€126,757 | -21.4% |
| Deferred charges and accrued income | 490/1 | - | €311 | +€311 | |
| Total equity and liabilities | 10/49 | €663,030 | €525,327 | -€137,703 | -20.8% |
| Equity | 10/15 | €477,337 | €376,570 | -€100,768 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €411,259 | €408,843 | -€2,417 | -0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €374,051 | €373,494 | -€557 | -0.1% |
| Distributable reserves | 133 | €37,209 | €35,349 | -€1,860 | -5.0% |
| Profit (loss) carried forward | 14 | €47,478 | -€50,873 | -€98,351 | |
| Provisions and deferred taxes | 16 | €124,684 | €124,498 | -€186 | -0.1% |
| Deferred taxes | 168 | €124,684 | €124,498 | -€186 | -0.1% |
| Amounts payable | 17/49 | €61,009 | €24,259 | -€36,750 | -60.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €61,009 | €24,259 | -€36,750 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,245 | €13,296 | +€12,050 | +968% |
| Credit institutions | 430/8 | €0 | €13,296 | +€13,296 | |
| Other loans | 439 | €1,245 | €0 | -€1,245 | -100% |
| Trade debts | 44 | €23,011 | €816 | -€22,195 | -96.5% |
| Suppliers | 440/4 | €23,011 | €816 | -€22,195 | -96.5% |
| Taxes, remuneration and social security | 45 | €7,876 | €682 | -€7,194 | -91.3% |
| Taxes | 450/3 | €7,876 | €682 | -€7,194 | -91.3% |
| Other amounts payable | 47/48 | €28,876 | €9,465 | -€19,411 | -67.2% |
| Non-recurring operating income | 76A | €519,460 | €0 | -€519,460 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,100 | €7,567 | +€3,468 | +84.6% |
| Other operating charges | 640/8 | €4,794 | €1,264 | -€3,530 | -73.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €490,059 | -€117,008 | -€607,067 | |
| Operating profit (loss) | 9901 | €481,165 | -€125,839 | -€607,004 | |
| Financial income | 75/76B | €1,354 | €27,882 | +€26,528 | +1,959% |
| Recurring financial income | 75 | €1,354 | €27,882 | +€26,528 | +1,959% |
| Financial charges | 65/66B | €2,452 | €2,716 | +€264 | +10.8% |
| Recurring financial charges | 65 | €2,452 | €2,716 | +€264 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €480,067 | -€100,673 | -€580,740 | |
| Transfer from deferred taxes | 780 | - | €186 | +€186 | |
| Transfer to deferred taxes | 680 | €124,684 | €0 | -€124,684 | -100% |
| Income taxes | 67/77 | €13,660 | €281 | -€13,380 | -97.9% |
| Profit (loss) for the period | 9904 | €341,724 | -€100,768 | -€442,492 | |
| Transfer from tax-exempt reserves | 789 | - | €557 | +€557 | |
| Transfer to tax-exempt reserves | 689 | €374,051 | €0 | -€374,051 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,327 | -€100,211 | -€67,884 | -210% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.