SD-TEX: 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-TEX
Largest movements
- Tangible fixed assets -€11,546
down €11,546 (-55.9%), from €20,636 to €9,090
of which Furniture and vehicles: -€8,804
- Cash +€9,404
up €9,404 (+124.4%), from €7,562 to €16,966
mainly Investment in fixed assets (net) (+€8,045) and Receivables within one year (+€3,640)
- Receivables within one year -€3,640
down €3,640 (-35.0%), from €10,400 to €6,760
of which Trade receivables: -€3,184
- Tax, wage and social debts -€3,909
down €3,909 (-51.2%), from €7,628 to €3,719
- Other debts -€3,152
down €3,152 (-24.7%), from €12,785 to €9,633
- Reserves +€1,196
up €1,196 (+7.5%), from €15,956 to €17,152
- Gross operating margin +€7,471
up €7,471 (+278.4%), from €2,684 to €10,155
- Depreciation -€2,444
down €2,444 (-41.1%), from €5,945 to €3,501
- Taxes +€917
up €917 (+605.9%), from €151 to €1,068
- Other operating charges +€760
up €760 (+370.2%), from €205 to €965
- Financial charges -€560
down €560 (-83.6%), from €670 to €110
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 | €39,839 | €33,780 | -€6,059 | -15.2% |
| Fixed assets | 21/28 | €20,636 | €9,090 | -€11,546 | -55.9% |
| Tangible fixed assets | 22/27 | €20,636 | €9,090 | -€11,546 | -55.9% |
| Plant, machinery and equipment | 23 | €7,798 | €5,592 | -€2,207 | -28.3% |
| Furniture and vehicles | 24 | €11,721 | €2,917 | -€8,804 | -75.1% |
| Other tangible fixed assets | 26 | €1,117 | €582 | -€535 | -47.9% |
| Current assets | 29/58 | €19,203 | €24,690 | +€5,487 | +28.6% |
| Amounts receivable within one year | 40/41 | €10,400 | €6,760 | -€3,640 | -35.0% |
| Trade receivables | 40 | €6,083 | €2,899 | -€3,184 | -52.3% |
| Other amounts receivable | 41 | €4,317 | €3,862 | -€456 | -10.6% |
| Cash at bank and in hand | 54/58 | €7,562 | €16,966 | +€9,404 | +124.4% |
| Deferred charges and accrued income | 490/1 | €1,240 | €963 | -€277 | -22.3% |
| Total equity and liabilities | 10/49 | €39,839 | €33,780 | -€6,059 | -15.2% |
| Equity | 10/15 | €18,956 | €20,152 | +€1,196 | +6.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,956 | €17,152 | +€1,196 | +7.5% |
| Distributable reserves | 133 | €15,956 | €17,152 | +€1,196 | +7.5% |
| Amounts payable | 17/49 | €20,884 | €13,629 | -€7,255 | -34.7% |
| Amounts payable within one year | 42/48 | €20,884 | €13,629 | -€7,255 | -34.7% |
| Trade debts | 44 | €470 | €276 | -€194 | -41.3% |
| Suppliers | 440/4 | €470 | €276 | -€194 | -41.3% |
| Taxes, remuneration and social security | 45 | €7,628 | €3,719 | -€3,909 | -51.2% |
| Taxes | 450/3 | €7,628 | €3,719 | -€3,909 | -51.2% |
| Other amounts payable | 47/48 | €12,785 | €9,633 | -€3,152 | -24.7% |
| Non-recurring operating income | 76A | €6,311 | €83 | -€6,227 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,945 | €3,501 | -€2,444 | -41.1% |
| Other operating charges | 640/8 | €205 | €965 | +€760 | +370.2% |
| Non-recurring operating charges | 66A | €1,513 | €3,315 | +€1,803 | +119.2% |
| Gross operating margin | 9900 | €2,684 | €10,155 | +€7,471 | +278.4% |
| Operating profit (loss) | 9901 | -€4,979 | €2,374 | +€7,353 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.9% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.9% |
| Financial charges | 65/66B | €670 | €110 | -€560 | -83.6% |
| Recurring financial charges | 65 | €670 | €110 | -€560 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,636 | €2,264 | +€7,900 | |
| Income taxes | 67/77 | €151 | €1,068 | +€917 | +605.9% |
| Profit (loss) for the period | 9904 | -€5,787 | €1,196 | +€6,983 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,787 | €1,196 | +€6,983 |
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.