SD Service: 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 Service
Largest movements
- Tangible fixed assets -€41,009
down €41,009 (-5.6%), from €733,414 to €692,405
of which Land and buildings: -€22,906
- Debts after one year -€36,916
down €36,916 (-8.2%), from €451,573 to €414,657
- Reserves -€20,773
down €20,773 (-6.1%), from €338,088 to €317,315
of which Distributable reserves: -€12,878
- Other debts +€17,221
new in 2025: €17,221
- Gross operating margin -€28,605
down €28,605 (-31.2%), from €91,747 to €63,142
- Taxes -€10,910
down €10,910 (-58.7%), from €18,590 to €7,680
- Other operating charges -€1,811
down €1,811 (-48.3%), from €3,752 to €1,941
- Financial income -€1,580
down €1,580 (-75.4%), from €2,095 to €516
- Depreciation +€965
up €965 (+2.4%), from €40,776 to €41,741
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 | €921,786 | €876,911 | -€44,875 | -4.9% |
| Fixed assets | 21/28 | €733,414 | €692,405 | -€41,009 | -5.6% |
| Tangible fixed assets | 22/27 | €733,414 | €692,405 | -€41,009 | -5.6% |
| Land and buildings | 22 | €691,157 | €668,251 | -€22,906 | -3.3% |
| Plant, machinery and equipment | 23 | €42,257 | €24,154 | -€18,104 | -42.8% |
| Current assets | 29/58 | €188,371 | €184,506 | -€3,866 | -2.1% |
| Amounts receivable within one year | 40/41 | €21,523 | €25,498 | +€3,976 | +18.5% |
| Trade receivables | 40 | €17,660 | €18,501 | +€841 | +4.8% |
| Other amounts receivable | 41 | €3,863 | €6,997 | +€3,135 | +81.2% |
| Cash at bank and in hand | 54/58 | €166,849 | €159,008 | -€7,841 | -4.7% |
| Total equity and liabilities | 10/49 | €921,786 | €876,911 | -€44,875 | -4.9% |
| Equity | 10/15 | €344,338 | €323,565 | -€20,773 | -6.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €338,088 | €317,315 | -€20,773 | -6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,843 | €166,949 | -€7,894 | -4.5% |
| Distributable reserves | 133 | €161,385 | €148,506 | -€12,878 | -8.0% |
| Provisions and deferred taxes | 16 | €73,443 | €70,127 | -€3,316 | -4.5% |
| Deferred taxes | 168 | €73,443 | €70,127 | -€3,316 | -4.5% |
| Amounts payable | 17/49 | €504,005 | €483,219 | -€20,786 | -4.1% |
| Amounts payable after more than one year | 17 | €451,573 | €414,657 | -€36,916 | -8.2% |
| Financial debts | 170/4 | €451,573 | €414,657 | -€36,916 | -8.2% |
| Amounts payable within one year | 42/48 | €52,432 | €68,562 | +€16,129 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €35,750 | €36,916 | +€1,165 | +3.3% |
| Financial debts | 43 | €0 | - | -€0 | |
| Credit institutions | 430/8 | €0 | - | -€0 | |
| Trade debts | 44 | €6,784 | €4,606 | -€2,178 | -32.1% |
| Suppliers | 440/4 | €6,784 | €4,606 | -€2,178 | -32.1% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €9,898 | €9,619 | -€279 | -2.8% |
| Taxes | 450/3 | €9,898 | €9,619 | -€279 | -2.8% |
| Other amounts payable | 47/48 | - | €17,221 | +€17,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,776 | €41,741 | +€965 | +2.4% |
| Other operating charges | 640/8 | €3,752 | €1,941 | -€1,811 | -48.3% |
| Non-recurring operating charges | 66A | - | €450 | +€450 | |
| Gross operating margin | 9900 | €91,747 | €63,142 | -€28,605 | -31.2% |
| Operating profit (loss) | 9901 | €47,219 | €19,009 | -€28,210 | -59.7% |
| Financial income | 75/76B | €2,095 | €516 | -€1,580 | -75.4% |
| Recurring financial income | 75 | €2,095 | €516 | -€1,580 | -75.4% |
| Financial charges | 65/66B | €7,381 | €7,402 | +€21 | +0.3% |
| Recurring financial charges | 65 | €7,381 | €7,402 | +€21 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €41,933 | €12,123 | -€29,811 | -71.1% |
| Transfer from deferred taxes | 780 | €3,316 | €3,316 | +€0 | 0.0% |
| Income taxes | 67/77 | €18,590 | €7,680 | -€10,910 | -58.7% |
| Profit (loss) for the period | 9904 | €26,660 | €7,759 | -€18,900 | -70.9% |
| Transfer from tax-exempt reserves | 789 | €7,894 | €7,894 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,554 | €15,653 | -€18,900 | -54.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.