SD STORE: 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 STORE
Largest movements
- Tangible fixed assets +€379,351
up €379,351 (+10.1%), from €3.8m to €4.1m
of which Land and buildings: +€375,986
- Receivables within one year +€221,052
up €221,052 (+31.6%), from €698,802 to €919,855
of which Other amounts receivable: +€240,000
- Cash +€60,110
up €60,110 (+18.6%), from €323,548 to €383,658
mainly Net result for the year (+€414,269) and Depreciation (+€199,448)
- Profit (loss) carried forward +€426,587
up €426,587 (+31.3%), from €1.4m to €1.8m
- Debts after one year +€188,794
up €188,794 (+7.8%), from €2.4m to €2.6m
- Accrued charges and deferred income -€74,815
down €74,815 (-87.7%), from €85,296 to €10,481
- Current portion of long-term debt +€63,298
up €63,298 (+23.1%), from €274,367 to €337,665
- Staff costs -€118,768
down €118,768 (-31.9%), from €372,018 to €253,250
- Taxes +€114,979
up €114,979 (+334.4%), from €34,383 to €149,362
- Financial income +€61,908
up €61,908 (+1123560.6%), from €6 to €61,914
of which Non-recurring financial income: +€61,246
- Gross operating margin -€42,743
down €42,743 (-3.4%), from €1.3m to €1.2m
- Other operating charges +€20,036
up €20,036 (+42.1%), from €47,584 to €67,620
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 | €4,988,089 | €5,615,532 | +€627,442 | +12.6% |
| Fixed assets | 21/28 | €3,962,327 | €4,308,606 | +€346,280 | +8.7% |
| Intangible fixed assets | 21 | €172,327 | €136,255 | -€36,071 | -20.9% |
| Tangible fixed assets | 22/27 | €3,765,894 | €4,145,245 | +€379,351 | +10.1% |
| Land and buildings | 22 | €3,744,417 | €4,120,403 | +€375,986 | +10.0% |
| Plant, machinery and equipment | 23 | €6,444 | €4,597 | -€1,848 | -28.7% |
| Furniture and vehicles | 24 | €15,033 | €20,246 | +€5,213 | +34.7% |
| Financial fixed assets | 28 | €24,106 | €27,106 | +€3,000 | +12.4% |
| Current assets | 29/58 | €1,025,763 | €1,306,925 | +€281,163 | +27.4% |
| Stocks and contracts in progress | 3 | €3,412 | €3,412 | = | 0.0% |
| Stocks | 30/36 | €3,412 | €3,412 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €698,802 | €919,855 | +€221,052 | +31.6% |
| Trade receivables | 40 | €259,641 | €240,694 | -€18,948 | -7.3% |
| Other amounts receivable | 41 | €439,161 | €679,161 | +€240,000 | +54.6% |
| Cash at bank and in hand | 54/58 | €323,548 | €383,658 | +€60,110 | +18.6% |
| Total equity and liabilities | 10/49 | €4,988,089 | €5,615,532 | +€627,442 | +12.6% |
| Equity | 10/15 | €1,840,727 | €2,254,996 | +€414,269 | +22.5% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €412,804 | €400,485 | -€12,318 | -3.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €406,504 | €394,185 | -€12,318 | -3.0% |
| Profit (loss) carried forward | 14 | €1,364,923 | €1,791,511 | +€426,587 | +31.3% |
| Provisions and deferred taxes | 16 | €101,626 | €98,546 | -€3,080 | -3.0% |
| Deferred taxes | 168 | €101,626 | €98,546 | -€3,080 | -3.0% |
| Amounts payable | 17/49 | €3,045,737 | €3,261,989 | +€216,253 | +7.1% |
| Amounts payable after more than one year | 17 | €2,430,973 | €2,619,767 | +€188,794 | +7.8% |
| Financial debts | 170/4 | €2,430,973 | €2,619,767 | +€188,794 | +7.8% |
| Amounts payable within one year | 42/48 | €529,468 | €631,742 | +€102,274 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €274,367 | €337,665 | +€63,298 | +23.1% |
| Financial debts | 43 | €17,680 | €50,000 | +€32,320 | +182.8% |
| Credit institutions | 430/8 | €17,680 | €50,000 | +€32,320 | +182.8% |
| Trade debts | 44 | €62,725 | €74,306 | +€11,581 | +18.5% |
| Suppliers | 440/4 | €62,725 | €74,306 | +€11,581 | +18.5% |
| Taxes, remuneration and social security | 45 | €151,308 | €166,383 | +€15,075 | +10.0% |
| Taxes | 450/3 | €23,659 | €90,224 | +€66,564 | +281.3% |
| Remuneration and social security | 454/9 | €127,649 | €76,160 | -€51,489 | -40.3% |
| Other amounts payable | 47/48 | €23,388 | €3,388 | -€20,000 | -85.5% |
| Accrued charges and deferred income | 492/3 | €85,296 | €10,481 | -€74,815 | -87.7% |
| Non-recurring operating income | 76A | €92,882 | €0 | -€92,882 | -100.0% |
| Remuneration, social security and pensions | 62 | €372,018 | €253,250 | -€118,768 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,412 | €199,448 | -€8,964 | -4.3% |
| Other operating charges | 640/8 | €47,584 | €67,620 | +€20,036 | +42.1% |
| Non-recurring operating charges | 66A | €107,876 | €77,500 | -€30,375 | -28.2% |
| Gross operating margin | 9900 | €1,263,796 | €1,221,053 | -€42,743 | -3.4% |
| Operating profit (loss) | 9901 | €527,907 | €623,235 | +€95,328 | +18.1% |
| Financial income | 75/76B | €6 | €61,914 | +€61,908 | +1123560.6% |
| Recurring financial income | 75 | €6 | €668 | +€663 | +12025.8% |
| Non-recurring financial income | 76B | - | €61,246 | +€61,246 | |
| Financial charges | 65/66B | €128,870 | €124,597 | -€4,273 | -3.3% |
| Recurring financial charges | 65 | €128,870 | €124,597 | -€4,273 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €399,042 | €560,551 | +€161,509 | +40.5% |
| Transfer from deferred taxes | 780 | - | €3,080 | +€3,080 | |
| Income taxes | 67/77 | €34,383 | €149,362 | +€114,979 | +334.4% |
| Profit (loss) for the period | 9904 | €364,659 | €414,269 | +€49,610 | +13.6% |
| Transfer from tax-exempt reserves | 789 | - | €12,318 | +€12,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €364,659 | €426,587 | +€61,928 | +17.0% |
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.