SD-TECH: 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-TECH
Largest movements
- Financial fixed assets +€104,000
up €104,000 (+250.6%), from €41,500 to €145,500
- Receivables within one year +€8,153
up €8,153 (+68.1%), from €11,967 to €20,120
- Cash -€6,739
no longer reported in 2025 (was €6,739)
mainly Investment in fixed assets (net) (-€113,132) and Trade debts (-€8,787)
- Tangible fixed assets +€3,889
up €3,889 (+25.1%), from €15,495 to €19,384
of which Furniture and vehicles: +€9,132
- Reserves +€60,167
up €60,167 (+87.9%), from €68,415 to €128,582
- Other debts +€59,241
up €59,241 (+1042978.2%), from €6 to €59,247
- Trade debts -€8,787
down €8,787 (-42.2%), from €20,838 to €12,051
- Debts after one year -€6,100
down €6,100 (-32.5%), from €18,744 to €12,643
- Short-term financial debts +€3,272
new in 2025: €3,272
- Financial income +€30,349
up €30,349 (+396.7%), from €7,651 to €37,999
of which Non-recurring financial income: +€27,500
- Gross operating margin -€20,288
down €20,288 (-32.7%), from €62,054 to €41,766
- Depreciation +€5,008
up €5,008 (+2131.4%), from €235 to €5,243
- Taxes -€3,264
down €3,264 (-23.1%), from €14,127 to €10,863
- Financial charges +€787
up €787 (+42.5%), from €1,851 to €2,638
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 | €136,001 | €245,916 | +€109,915 | +80.8% |
| Fixed assets | 21/28 | €56,995 | €164,884 | +€107,889 | +189.3% |
| Tangible fixed assets | 22/27 | €15,495 | €19,384 | +€3,889 | +25.1% |
| Plant, machinery and equipment | 23 | €15,495 | €10,252 | -€5,243 | -33.8% |
| Furniture and vehicles | 24 | - | €9,132 | +€9,132 | |
| Financial fixed assets | 28 | €41,500 | €145,500 | +€104,000 | +250.6% |
| Current assets | 29/58 | €79,006 | €81,032 | +€2,026 | +2.6% |
| Amounts receivable after more than one year | 29 | €57,000 | €57,000 | = | 0.0% |
| Other amounts receivable | 291 | €57,000 | €57,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,967 | €20,120 | +€8,153 | +68.1% |
| Trade receivables | 40 | €11,967 | €20,120 | +€8,153 | +68.1% |
| Cash at bank and in hand | 54/58 | €6,739 | - | -€6,739 | |
| Deferred charges and accrued income | 490/1 | €3,299 | €3,912 | +€613 | +18.6% |
| Total equity and liabilities | 10/49 | €136,001 | €245,916 | +€109,915 | +80.8% |
| Equity | 10/15 | €71,415 | €131,582 | +€60,167 | +84.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,415 | €128,582 | +€60,167 | +87.9% |
| Distributable reserves | 133 | €68,415 | €128,582 | +€60,167 | +87.9% |
| Amounts payable | 17/49 | €64,586 | €114,335 | +€49,749 | +77.0% |
| Amounts payable after more than one year | 17 | €18,744 | €12,643 | -€6,100 | -32.5% |
| Financial debts | 170/4 | €18,744 | €12,643 | -€6,100 | -32.5% |
| Amounts payable within one year | 42/48 | €45,843 | €101,307 | +€55,465 | +121.0% |
| Current portion of amounts payable after more than one year | 42 | €5,783 | €6,100 | +€317 | +5.5% |
| Financial debts | 43 | - | €3,272 | +€3,272 | |
| Credit institutions | 430/8 | - | €3,272 | +€3,272 | |
| Trade debts | 44 | €20,838 | €12,051 | -€8,787 | -42.2% |
| Suppliers | 440/4 | €20,838 | €12,051 | -€8,787 | -42.2% |
| Taxes, remuneration and social security | 45 | €19,216 | €20,637 | +€1,421 | +7.4% |
| Taxes | 450/3 | €19,216 | €20,637 | +€1,421 | +7.4% |
| Other amounts payable | 47/48 | €6 | €59,247 | +€59,241 | +1042978.2% |
| Accrued charges and deferred income | 492/3 | - | €384 | +€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €5,243 | +€5,008 | +2131.4% |
| Other operating charges | 640/8 | €611 | €854 | +€243 | +39.8% |
| Gross operating margin | 9900 | €62,054 | €41,766 | -€20,288 | -32.7% |
| Operating profit (loss) | 9901 | €61,208 | €35,668 | -€25,540 | -41.7% |
| Financial income | 75/76B | €7,651 | €37,999 | +€30,349 | +396.7% |
| Recurring financial income | 75 | €2,651 | €5,499 | +€2,849 | +107.5% |
| Non-recurring financial income | 76B | €5,000 | €32,500 | +€27,500 | +550.0% |
| Financial charges | 65/66B | €1,851 | €2,638 | +€787 | +42.5% |
| Recurring financial charges | 65 | €1,851 | €2,638 | +€787 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €67,008 | €71,030 | +€4,022 | +6.0% |
| Income taxes | 67/77 | €14,127 | €10,863 | -€3,264 | -23.1% |
| Profit (loss) for the period | 9904 | €52,881 | €60,167 | +€7,286 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,881 | €60,167 | +€7,286 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.