SD8: 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.
SD8
Largest movements
- Receivables within one year +€26,268
up €26,268 (+387%), from €6,789 to €33,057
of which Other amounts receivable: +€30,260
- Cash +€7,214
up €7,214 (+14.7%), from €49,198 to €56,412
mainly Net result for the year (+€25,193) and Other debts (+€6,012)
- Profit (loss) carried forward +€25,193
up €25,193 (+148%), from €16,976 to €42,168
- Other debts +€6,012
up €6,012 (+24.0%), from €25,072 to €31,083
- Tax, wage and social debts +€1,827
up €1,827 (+17.4%), from €10,512 to €12,339
- Gross operating margin +€27,753
up €27,753 (+320%), from €8,681 to €36,435
- Taxes +€7,624
up €7,624 (+266%), from €2,870 to €10,494
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 | €57,230 | €90,791 | +€33,561 | +58.6% |
| Current assets | 29/58 | €57,230 | €90,791 | +€33,561 | +58.6% |
| Amounts receivable within one year | 40/41 | €6,789 | €33,057 | +€26,268 | +387% |
| Trade receivables | 40 | €3,992 | - | -€3,992 | |
| Other amounts receivable | 41 | €2,797 | €33,057 | +€30,260 | +1,082% |
| Cash at bank and in hand | 54/58 | €49,198 | €56,412 | +€7,214 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,322 | +€79 | +6.4% |
| Total equity and liabilities | 10/49 | €57,230 | €90,791 | +€33,561 | +58.6% |
| Equity | 10/15 | €19,476 | €44,668 | +€25,193 | +129% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,976 | €42,168 | +€25,193 | +148% |
| Amounts payable | 17/49 | €37,754 | €46,123 | +€8,369 | +22.2% |
| Amounts payable within one year | 42/48 | €37,754 | €46,123 | +€8,369 | +22.2% |
| Trade debts | 44 | €2,171 | €2,701 | +€530 | +24.4% |
| Suppliers | 440/4 | €2,171 | €2,701 | +€530 | +24.4% |
| Taxes, remuneration and social security | 45 | €10,512 | €12,339 | +€1,827 | +17.4% |
| Taxes | 450/3 | €10,512 | €12,339 | +€1,827 | +17.4% |
| Other amounts payable | 47/48 | €25,072 | €31,083 | +€6,012 | +24.0% |
| Other operating charges | 640/8 | €676 | €583 | -€93 | -13.8% |
| Gross operating margin | 9900 | €8,681 | €36,435 | +€27,753 | +320% |
| Operating profit (loss) | 9901 | €8,005 | €35,852 | +€27,847 | +348% |
| Financial income | 75/76B | €75 | €184 | +€109 | +145% |
| Recurring financial income | 75 | €75 | €184 | +€109 | +145% |
| Financial charges | 65/66B | €248 | €350 | +€102 | +41.0% |
| Recurring financial charges | 65 | €248 | €350 | +€102 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €7,832 | €35,686 | +€27,854 | +356% |
| Income taxes | 67/77 | €2,870 | €10,494 | +€7,624 | +266% |
| Profit (loss) for the period | 9904 | €4,962 | €25,193 | +€20,230 | +408% |
| Profit (loss) for the period to be appropriated | 9905 | €4,962 | €25,193 | +€20,230 | +408% |
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 29 October 2026 via checked.be.