SD TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€5,960
down €5,960 (-23.9%), from €24,899 to €18,939
- Receivables within one year -€1,425
down €1,425 (-22.5%), from €6,324 to €4,899
- Cash +€1,297
up €1,297 (+131%), from €989 to €2,286
mainly Net result for the year (+€13,017) and Depreciation (+€5,960)
- Other debts -€20,852
down €20,852 (-99.8%), from €20,897 to €46
- Profit (loss) carried forward +€13,017
up €13,017 (+195%), from €6,661 to €19,678
- Accrued charges and deferred income +€2,000
new in 2025: €2,000
- Trade debts -€1,232
down €1,232 (-36.4%), from €3,382 to €2,150
- Tax, wage and social debts +€979
up €979 (+13.5%), from €7,271 to €8,250
of which Taxes: +€2,999
- Staff costs -€15,776
down €15,776 (-62.5%), from €25,261 to €9,484
- Gross operating margin -€5,182
down €5,182 (-12.9%), from €40,313 to €35,131
- Taxes +€1,859
up €1,859 (+111%), from €1,674 to €3,533
- Depreciation +€1,058
up €1,058 (+21.6%), from €4,902 to €5,960
- Other operating charges +€907
up €907 (+64.0%), from €1,418 to €2,326
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 | €41,211 | €35,124 | -€6,088 | -14.8% |
| Fixed assets | 21/28 | €33,899 | €27,939 | -€5,960 | -17.6% |
| Tangible fixed assets | 22/27 | €24,899 | €18,939 | -€5,960 | -23.9% |
| Furniture and vehicles | 24 | €24,899 | €18,939 | -€5,960 | -23.9% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €7,313 | €7,185 | -€128 | -1.7% |
| Amounts receivable within one year | 40/41 | €6,324 | €4,899 | -€1,425 | -22.5% |
| Trade receivables | 40 | €6,324 | €4,899 | -€1,425 | -22.5% |
| Cash at bank and in hand | 54/58 | €989 | €2,286 | +€1,297 | +131% |
| Total equity and liabilities | 10/49 | €41,211 | €35,124 | -€6,088 | -14.8% |
| Equity | 10/15 | €9,661 | €22,678 | +€13,017 | +135% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,661 | €19,678 | +€13,017 | +195% |
| Amounts payable | 17/49 | €31,550 | €12,445 | -€19,105 | -60.6% |
| Amounts payable within one year | 42/48 | €31,550 | €10,445 | -€21,105 | -66.9% |
| Trade debts | 44 | €3,382 | €2,150 | -€1,232 | -36.4% |
| Suppliers | 440/4 | €3,382 | €2,150 | -€1,232 | -36.4% |
| Taxes, remuneration and social security | 45 | €7,271 | €8,250 | +€979 | +13.5% |
| Taxes | 450/3 | €5,251 | €8,250 | +€2,999 | +57.1% |
| Remuneration and social security | 454/9 | €2,020 | - | -€2,020 | |
| Other amounts payable | 47/48 | €20,897 | €46 | -€20,852 | -99.8% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €25,261 | €9,484 | -€15,776 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,902 | €5,960 | +€1,058 | +21.6% |
| Other operating charges | 640/8 | €1,418 | €2,326 | +€907 | +64.0% |
| Gross operating margin | 9900 | €40,313 | €35,131 | -€5,182 | -12.9% |
| Operating profit (loss) | 9901 | €8,733 | €17,361 | +€8,628 | +98.8% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €417 | €811 | +€393 | +94.2% |
| Recurring financial charges | 65 | €417 | €811 | +€393 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €8,335 | €16,550 | +€8,215 | +98.6% |
| Income taxes | 67/77 | €1,674 | €3,533 | +€1,859 | +111% |
| Profit (loss) for the period | 9904 | €6,661 | €13,017 | +€6,356 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,661 | €13,017 | +€6,356 | +95.4% |
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 15 October 2026 via checked.be.