SD-Technologies: 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-Technologies
Largest movements
- Tangible fixed assets -€18,019
down €18,019 (-87.5%), from €20,601 to €2,582
of which Leasing and similar rights: -€17,337
- Stocks and contracts -€5,108
down €5,108 (-32.9%), from €15,548 to €10,440
- Cash +€1,811
up €1,811 (+12.2%), from €14,795 to €16,606
mainly Net result for the year (+€22,352) and Other debts (+€20,500)
- Receivables within one year +€1,033
up €1,033 (+5.1%), from €20,389 to €21,422
of which Trade receivables: +€4,577
- Other debts +€20,500
new in 2025: €20,500
- Trade debts -€20,356
no longer reported in 2025 (was €20,356)
- Reserves -€17,500
down €17,500 (-69.3%), from €25,250 to €7,750
- Tax, wage and social debts +€11,586
up €11,586 (+152.6%), from €7,593 to €19,179
- Current portion of long-term debt -€10,767
no longer reported in 2025 (was €10,767)
- Gross operating margin +€10,473
up €10,473 (+33.0%), from €31,728 to €42,201
- Depreciation -€7,477
down €7,477 (-60.4%), from €12,384 to €4,907
- Taxes +€5,356
up €5,356 (+119.3%), from €4,490 to €9,846
- Financial charges +€1,817
up €1,817 (+236.0%), from €770 to €2,587
- Other operating charges -€738
down €738 (-28.1%), from €2,623 to €1,885
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 | €71,463 | €51,182 | -€20,281 | -28.4% |
| Fixed assets | 21/28 | €20,601 | €2,582 | -€18,019 | -87.5% |
| Tangible fixed assets | 22/27 | €20,601 | €2,582 | -€18,019 | -87.5% |
| Furniture and vehicles | 24 | €3,263 | €2,582 | -€682 | -20.9% |
| Leasing and similar rights | 25 | €17,337 | - | -€17,337 | |
| Current assets | 29/58 | €50,862 | €48,600 | -€2,262 | -4.4% |
| Stocks and contracts in progress | 3 | €15,548 | €10,440 | -€5,108 | -32.9% |
| Stocks | 30/36 | €15,548 | €10,440 | -€5,108 | -32.9% |
| Amounts receivable within one year | 40/41 | €20,389 | €21,422 | +€1,033 | +5.1% |
| Trade receivables | 40 | €16,713 | €21,291 | +€4,577 | +27.4% |
| Other amounts receivable | 41 | €3,676 | €131 | -€3,544 | -96.4% |
| Cash at bank and in hand | 54/58 | €14,795 | €16,606 | +€1,811 | +12.2% |
| Deferred charges and accrued income | 490/1 | €131 | €133 | +€2 | +1.4% |
| Total equity and liabilities | 10/49 | €71,463 | €51,182 | -€20,281 | -28.4% |
| Equity | 10/15 | €28,251 | €10,753 | -€17,498 | -61.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,250 | €7,750 | -€17,500 | -69.3% |
| Distributable reserves | 133 | €25,250 | €7,750 | -€17,500 | -69.3% |
| Profit (loss) carried forward | 14 | €1 | €3 | +€2 | +172.8% |
| Amounts payable | 17/49 | €43,212 | €40,429 | -€2,783 | -6.4% |
| Amounts payable after more than one year | 17 | €3,661 | - | -€3,661 | |
| Financial debts | 170/4 | €3,661 | - | -€3,661 | |
| Amounts payable within one year | 42/48 | €38,716 | €39,679 | +€963 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €10,767 | - | -€10,767 | |
| Trade debts | 44 | €20,356 | - | -€20,356 | |
| Suppliers | 440/4 | €20,356 | - | -€20,356 | |
| Taxes, remuneration and social security | 45 | €7,593 | €19,179 | +€11,586 | +152.6% |
| Taxes | 450/3 | €7,593 | €19,179 | +€11,586 | +152.6% |
| Other amounts payable | 47/48 | - | €20,500 | +€20,500 | |
| Accrued charges and deferred income | 492/3 | €835 | €750 | -€85 | -10.2% |
| Non-recurring operating income | 76A | - | €5,303 | +€5,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,384 | €4,907 | -€7,477 | -60.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €625 | +€625 | |
| Other operating charges | 640/8 | €2,623 | €1,885 | -€738 | -28.1% |
| Gross operating margin | 9900 | €31,728 | €42,201 | +€10,473 | +33.0% |
| Operating profit (loss) | 9901 | €16,721 | €34,784 | +€18,063 | +108.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €770 | €2,587 | +€1,817 | +236.0% |
| Recurring financial charges | 65 | €770 | €2,587 | +€1,817 | +236.0% |
| Profit (loss) for the period before taxes | 9903 | €15,951 | €32,198 | +€16,247 | +101.9% |
| Income taxes | 67/77 | €4,490 | €9,846 | +€5,356 | +119.3% |
| Profit (loss) for the period | 9904 | €11,461 | €22,352 | +€10,891 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,461 | €22,352 | +€10,891 | +95.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.