SD WORLD: 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 WORLD
Largest movements
- Financial fixed assets +€150,000
new in 2025: €150,000
- Receivables within one year +€7,232
up €7,232 (+28.7%), from €25,175 to €32,407
of which Trade receivables: +€5,215
- Other debts +€116,067
up €116,067 (+312%), from €37,212 to €153,279
- Reserves +€48,665
up €48,665 (+151%), from €32,224 to €80,889
- Tax, wage and social debts -€9,406
down €9,406 (-59.3%), from €15,871 to €6,465
of which Taxes: -€9,406
- Gross operating margin +€9,928
up €9,928 (+17.5%), from €56,573 to €66,501
- Taxes +€2,839
up €2,839 (+18.8%), from €15,135 to €17,973
- Financial income +€848
up €848 (+8,475,300%), from €0 to €848
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 | €105,345 | €260,218 | +€154,873 | +147% |
| Fixed assets | 21/28 | €964 | €150,480 | +€149,516 | +15,517% |
| Tangible fixed assets | 22/27 | €964 | €480 | -€484 | -50.2% |
| Furniture and vehicles | 24 | €964 | €480 | -€484 | -50.2% |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €104,381 | €109,738 | +€5,357 | +5.1% |
| Amounts receivable within one year | 40/41 | €25,175 | €32,407 | +€7,232 | +28.7% |
| Trade receivables | 40 | €25,175 | €30,390 | +€5,215 | +20.7% |
| Other amounts receivable | 41 | - | €2,017 | +€2,017 | |
| Cash at bank and in hand | 54/58 | €79,095 | €77,223 | -€1,873 | -2.4% |
| Deferred charges and accrued income | 490/1 | €111 | €109 | -€2 | -1.7% |
| Total equity and liabilities | 10/49 | €105,345 | €260,218 | +€154,873 | +147% |
| Equity | 10/15 | €50,824 | €99,489 | +€48,665 | +95.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,224 | €80,889 | +€48,665 | +151% |
| Distributable reserves | 133 | €32,224 | €80,889 | +€48,665 | +151% |
| Amounts payable | 17/49 | €54,521 | €160,729 | +€106,208 | +195% |
| Amounts payable within one year | 42/48 | €53,561 | €160,249 | +€106,688 | +199% |
| Trade debts | 44 | €478 | €505 | +€27 | +5.6% |
| Suppliers | 440/4 | €478 | €505 | +€27 | +5.6% |
| Taxes, remuneration and social security | 45 | €15,871 | €6,465 | -€9,406 | -59.3% |
| Taxes | 450/3 | €14,871 | €5,465 | -€9,406 | -63.2% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €37,212 | €153,279 | +€116,067 | +312% |
| Accrued charges and deferred income | 492/3 | €960 | €480 | -€480 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €484 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €56,573 | €66,501 | +€9,928 | +17.5% |
| Operating profit (loss) | 9901 | €55,964 | €65,890 | +€9,926 | +17.7% |
| Financial income | 75/76B | €0 | €848 | +€848 | +8,475,300% |
| Recurring financial income | 75 | €0 | €848 | +€848 | +8,475,300% |
| Financial charges | 65/66B | €90 | €99 | +€9 | +10.0% |
| Recurring financial charges | 65 | €90 | €99 | +€9 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €55,874 | €66,638 | +€10,764 | +19.3% |
| Income taxes | 67/77 | €15,135 | €17,973 | +€2,839 | +18.8% |
| Profit (loss) for the period | 9904 | €40,739 | €48,665 | +€7,926 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,739 | €48,665 | +€7,926 | +19.5% |
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 16 October 2026 via checked.be.