SD SUPPLY CHAIN: 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 SUPPLY CHAIN
Largest movements
- Intangible fixed assets -€82,088
down €82,088 (-43.2%), from €190,055 to €107,967
- Receivables within one year +€74,914
up €74,914 (+43.9%), from €170,826 to €245,740
- Cash +€64,603
up €64,603 (+152%), from €42,497 to €107,100
mainly Net result for the year (+€147,759) and Investment in fixed assets (net) (+€80,000)
- Profit (loss) carried forward +€147,759
up €147,759 (+2,047%), from €7,219 to €154,978
- Trade debts -€138,370
down €138,370 (-36.7%), from €376,708 to €238,338
- Tax, wage and social debts +€56,802
up €56,802 (+1,265%), from €4,489 to €61,291
- Other debts -€8,762
no longer reported in 2025 (was €8,762)
- Gross operating margin +€211,178
up €211,178 (+781%), from €27,049 to €238,227
- Taxes +€52,627
up €52,627 (+1,936%), from €2,719 to €55,346
- Write-downs +€32,241
new in 2025: €32,241
- Depreciation -€7,858
down €7,858 (-79.0%), from €9,945 to €2,088
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 | €403,378 | €460,807 | +€57,429 | +14.2% |
| Fixed assets | 21/28 | €190,055 | €107,967 | -€82,088 | -43.2% |
| Intangible fixed assets | 21 | €190,055 | €107,967 | -€82,088 | -43.2% |
| Current assets | 29/58 | €213,323 | €352,840 | +€139,517 | +65.4% |
| Amounts receivable within one year | 40/41 | €170,826 | €245,740 | +€74,914 | +43.9% |
| Trade receivables | 40 | €170,826 | €245,740 | +€74,914 | +43.9% |
| Cash at bank and in hand | 54/58 | €42,497 | €107,100 | +€64,603 | +152% |
| Total equity and liabilities | 10/49 | €403,378 | €460,807 | +€57,429 | +14.2% |
| Equity | 10/15 | €13,419 | €161,178 | +€147,759 | +1,101% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,219 | €154,978 | +€147,759 | +2,047% |
| Amounts payable | 17/49 | €389,959 | €299,629 | -€90,330 | -23.2% |
| Amounts payable within one year | 42/48 | €389,959 | €299,629 | -€90,330 | -23.2% |
| Trade debts | 44 | €376,708 | €238,338 | -€138,370 | -36.7% |
| Suppliers | 440/4 | €376,708 | €238,338 | -€138,370 | -36.7% |
| Taxes, remuneration and social security | 45 | €4,489 | €61,291 | +€56,802 | +1,265% |
| Taxes | 450/3 | €4,489 | €61,291 | +€56,802 | +1,265% |
| Other amounts payable | 47/48 | €8,762 | - | -€8,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,945 | €2,088 | -€7,858 | -79.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,241 | +€32,241 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €27,049 | €238,227 | +€211,178 | +781% |
| Operating profit (loss) | 9901 | €16,719 | €203,510 | +€186,791 | +1,117% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9 | €405 | +€396 | +4,276% |
| Recurring financial charges | 65 | €9 | €405 | +€396 | +4,276% |
| Profit (loss) for the period before taxes | 9903 | €16,710 | €203,105 | +€186,395 | +1,115% |
| Income taxes | 67/77 | €2,719 | €55,346 | +€52,627 | +1,936% |
| Profit (loss) for the period | 9904 | €13,991 | €147,759 | +€133,768 | +956% |
| Profit (loss) for the period to be appropriated | 9905 | €13,991 | €147,759 | +€133,768 | +956% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.