SD SERVICES & MANAGEMENT: 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 SERVICES & MANAGEMENT
Largest movements
- Tangible fixed assets +€76,406
up €76,406 (+18.8%), from €406,473 to €482,879
of which Plant, machinery and equipment: +€92,690
- Cash +€10,533
up €10,533 (+157.7%), from €6,679 to €17,212
mainly Net result for the year (+€102,842) and Depreciation (+€27,671)
- Reserves +€60,000
up €60,000 (+26.2%), from €228,860 to €288,860
of which Distributable reserves: +€60,000
- Profit (loss) carried forward +€42,842
up €42,842 (+73.6%), from €58,186 to €101,028
- Current portion of long-term debt -€32,774
down €32,774 (-94.8%), from €34,570 to €1,796
- Other debts +€26,170
up €26,170 (+127.7%), from €20,500 to €46,670
- Taxes -€27,009
down €27,009 (-76.5%), from €35,300 to €8,291
- Staff costs +€19,165
up €19,165 (+47.6%), from €40,302 to €59,467
- Gross operating margin +€13,256
up €13,256 (+7.0%), from €189,740 to €202,996
- Depreciation -€5,382
down €5,382 (-16.3%), from €33,053 to €27,671
- Financial charges -€2,777
down €2,777 (-87.0%), from €3,192 to €415
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 | €531,978 | €621,909 | +€89,931 | +16.9% |
| Fixed assets | 21/28 | €406,610 | €483,016 | +€76,406 | +18.8% |
| Tangible fixed assets | 22/27 | €406,473 | €482,879 | +€76,406 | +18.8% |
| Land and buildings | 22 | €333,296 | €320,070 | -€13,226 | -4.0% |
| Plant, machinery and equipment | 23 | €64,132 | €156,822 | +€92,690 | +144.5% |
| Furniture and vehicles | 24 | €9,045 | €5,986 | -€3,059 | -33.8% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €125,368 | €138,892 | +€13,525 | +10.8% |
| Amounts receivable within one year | 40/41 | €95,843 | €92,145 | -€3,698 | -3.9% |
| Trade receivables | 40 | €72,284 | €92,145 | +€19,861 | +27.5% |
| Other amounts receivable | 41 | €23,559 | - | -€23,559 | |
| Current investments | 50/53 | €22,846 | €29,042 | +€6,197 | +27.1% |
| Cash at bank and in hand | 54/58 | €6,679 | €17,212 | +€10,533 | +157.7% |
| Deferred charges and accrued income | 490/1 | - | €493 | +€493 | |
| Total equity and liabilities | 10/49 | €531,978 | €621,909 | +€89,931 | +16.9% |
| Equity | 10/15 | €299,446 | €402,288 | +€102,842 | +34.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €228,860 | €288,860 | +€60,000 | +26.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €227,000 | €287,000 | +€60,000 | +26.4% |
| Profit (loss) carried forward | 14 | €58,186 | €101,028 | +€42,842 | +73.6% |
| Amounts payable | 17/49 | €232,532 | €219,620 | -€12,912 | -5.6% |
| Amounts payable after more than one year | 17 | €138,670 | €138,670 | = | 0.0% |
| Financial debts | 170/4 | €138,670 | €138,670 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,862 | €80,950 | -€12,912 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €34,570 | €1,796 | -€32,774 | -94.8% |
| Trade debts | 44 | €4,436 | €1,800 | -€2,636 | -59.4% |
| Suppliers | 440/4 | €4,436 | €1,800 | -€2,636 | -59.4% |
| Taxes, remuneration and social security | 45 | €34,357 | €30,685 | -€3,672 | -10.7% |
| Taxes | 450/3 | €21,331 | €16,035 | -€5,295 | -24.8% |
| Remuneration and social security | 454/9 | €13,026 | €14,650 | +€1,623 | +12.5% |
| Other amounts payable | 47/48 | €20,500 | €46,670 | +€26,170 | +127.7% |
| Remuneration, social security and pensions | 62 | €40,302 | €59,467 | +€19,165 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,053 | €27,671 | -€5,382 | -16.3% |
| Other operating charges | 640/8 | €4,420 | €4,506 | +€86 | +2.0% |
| Gross operating margin | 9900 | €189,740 | €202,996 | +€13,256 | +7.0% |
| Operating profit (loss) | 9901 | €111,965 | €111,352 | -€613 | -0.5% |
| Financial income | 75/76B | €73 | €197 | +€124 | +169.8% |
| Recurring financial income | 75 | €73 | €197 | +€124 | +169.8% |
| Financial charges | 65/66B | €3,192 | €415 | -€2,777 | -87.0% |
| Recurring financial charges | 65 | €3,192 | €415 | -€2,777 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €108,846 | €111,134 | +€2,288 | +2.1% |
| Income taxes | 67/77 | €35,300 | €8,291 | -€27,009 | -76.5% |
| Profit (loss) for the period | 9904 | €73,546 | €102,842 | +€29,296 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,546 | €102,842 | +€29,296 | +39.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.