SDA 3: what changed
Two fiscal 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.
SDA 3
Largest movements
- Tangible fixed assets +€12,005
up €12,005 (+63.1%), from €19,033 to €31,038
of which Land and buildings: +€10,640
- Intangible fixed assets -€7,019
no longer reported in 2025 (was €7,019)
- Cash -€6,420
down €6,420 (-82.1%), from €7,818 to €1,398
- Receivables within one year -€1,170
down €1,170 (-22.7%), from €5,152 to €3,982
of which Other amounts receivable: -€1,325
- Deferred charges and accrued income -€970
down €970 (-48.6%), from €1,999 to €1,028
- Tax, wage and social debts -€26,504
down €26,504 (-71.0%), from €37,320 to €10,816
of which Taxes: -€19,800
- Other debts +€23,156
up €23,156 (+37.1%), from €62,437 to €85,593
- Profit (loss) carried forward -€4,138
down €4,138 (-5.0%), from -€83,014 to -€87,151
- Current portion of long-term debt +€4,042
new in 2025: €4,042
- Trade debts -€1,810
down €1,810 (-12.3%), from €14,720 to €12,910
- Gross operating margin +€46,559
up €46,559 (+60.2%), from €77,305 to €123,864
- Staff costs +€12,103
up €12,103 (+13.4%), from €90,171 to €102,274
- Depreciation -€9,055
down €9,055 (-60.8%), from €14,896 to €5,841
- Other operating charges -€2,911
down €2,911 (-71.0%), from €4,102 to €1,191
- Financial charges +€1,239
up €1,239 (+61.7%), from €2,009 to €3,248
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,021 | €37,446 | -€3,575 | -8.7% |
| Fixed assets | 21/28 | €26,052 | €31,038 | +€4,986 | +19.1% |
| Intangible fixed assets | 21 | €7,019 | - | -€7,019 | |
| Tangible fixed assets | 22/27 | €19,033 | €31,038 | +€12,005 | +63.1% |
| Land and buildings | 22 | €9,500 | €20,140 | +€10,640 | +112.0% |
| Plant, machinery and equipment | 23 | €8,723 | €10,713 | +€1,990 | +22.8% |
| Furniture and vehicles | 24 | €810 | €185 | -€625 | -77.1% |
| Current assets | 29/58 | €14,969 | €6,408 | -€8,561 | -57.2% |
| Amounts receivable within one year | 40/41 | €5,152 | €3,982 | -€1,170 | -22.7% |
| Trade receivables | 40 | €3,665 | €3,819 | +€155 | +4.2% |
| Other amounts receivable | 41 | €1,487 | €162 | -€1,325 | -89.1% |
| Cash at bank and in hand | 54/58 | €7,818 | €1,398 | -€6,420 | -82.1% |
| Deferred charges and accrued income | 490/1 | €1,999 | €1,028 | -€970 | -48.6% |
| Total equity and liabilities | 10/49 | €41,021 | €37,446 | -€3,575 | -8.7% |
| Equity | 10/15 | -€75,764 | -€79,902 | -€4,138 | -5.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €6,750 | €6,750 | = | 0.0% |
| Distributable reserves | 133 | €6,750 | €6,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,014 | -€87,151 | -€4,138 | -5.0% |
| Amounts payable | 17/49 | €116,785 | €117,348 | +€563 | +0.5% |
| Amounts payable after more than one year | 17 | - | €1,037 | +€1,037 | |
| Financial debts | 170/4 | - | €1,037 | +€1,037 | |
| Amounts payable within one year | 42/48 | €114,477 | €113,361 | -€1,116 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,042 | +€4,042 | |
| Trade debts | 44 | €14,720 | €12,910 | -€1,810 | -12.3% |
| Suppliers | 440/4 | €14,720 | €12,910 | -€1,810 | -12.3% |
| Taxes, remuneration and social security | 45 | €37,320 | €10,816 | -€26,504 | -71.0% |
| Taxes | 450/3 | €30,371 | €10,571 | -€19,800 | -65.2% |
| Remuneration and social security | 454/9 | €6,949 | €246 | -€6,703 | -96.5% |
| Other amounts payable | 47/48 | €62,437 | €85,593 | +€23,156 | +37.1% |
| Accrued charges and deferred income | 492/3 | €2,308 | €2,949 | +€641 | +27.8% |
| Remuneration, social security and pensions | 62 | €90,171 | €102,274 | +€12,103 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,896 | €5,841 | -€9,055 | -60.8% |
| Other operating charges | 640/8 | €4,102 | €1,191 | -€2,911 | -71.0% |
| Gross operating margin | 9900 | €77,305 | €123,864 | +€46,559 | +60.2% |
| Operating profit (loss) | 9901 | -€31,863 | €14,558 | +€46,422 | |
| Financial income | 75/76B | €73 | €30 | -€43 | -58.6% |
| Recurring financial income | 75 | €73 | €30 | -€43 | -58.6% |
| Financial charges | 65/66B | €2,009 | €3,248 | +€1,239 | +61.7% |
| Recurring financial charges | 65 | €2,009 | €3,248 | +€1,239 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,799 | €11,340 | +€45,140 | |
| Income taxes | 67/77 | €183 | €243 | +€60 | +32.7% |
| Profit (loss) for the period | 9904 | -€33,982 | €11,097 | +€45,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,982 | €11,097 | +€45,080 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.