SDA CONSULTING: 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 CONSULTING
Largest movements
- Cash +€16,305
up €16,305 (+28.2%), from €57,751 to €74,057
mainly Other debts (+€84,695) and Net result for the year (+€29,901)
- Tangible fixed assets +€9,155
new in 2025: €9,155
- Receivables within one year -€5,396
down €5,396 (-19.9%), from €27,104 to €21,708
of which Trade receivables: -€11,858
- Other debts +€84,695
up €84,695 (+1225.3%), from €6,912 to €91,607
- Profit (loss) carried forward -€57,099
down €57,099 (-98.6%), from €57,890 to €791
- Tax, wage and social debts -€7,595
down €7,595 (-39.1%), from €19,399 to €11,805
of which Remuneration and social security: -€8,400
- Financial charges +€46,903
up €46,903 (+87212.9%), from €54 to €46,957
- Gross operating margin +€13,534
up €13,534 (+18.2%), from €74,218 to €87,752
- Taxes -€6,873
down €6,873 (-44.6%), from €15,411 to €8,538
- Depreciation +€1,593
new in 2025: €1,593
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 | €86,064 | €106,887 | +€20,823 | +24.2% |
| Fixed assets | 21/28 | - | €9,155 | +€9,155 | |
| Tangible fixed assets | 22/27 | - | €9,155 | +€9,155 | |
| Furniture and vehicles | 24 | - | €9,155 | +€9,155 | |
| Current assets | 29/58 | €86,064 | €97,732 | +€11,668 | +13.6% |
| Amounts receivable within one year | 40/41 | €27,104 | €21,708 | -€5,396 | -19.9% |
| Trade receivables | 40 | €27,104 | €15,246 | -€11,858 | -43.8% |
| Other amounts receivable | 41 | - | €6,462 | +€6,462 | |
| Cash at bank and in hand | 54/58 | €57,751 | €74,057 | +€16,305 | +28.2% |
| Deferred charges and accrued income | 490/1 | €1,208 | €1,967 | +€759 | +62.8% |
| Total equity and liabilities | 10/49 | €86,064 | €106,887 | +€20,823 | +24.2% |
| Equity | 10/15 | €58,890 | €1,791 | -€57,099 | -97.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,890 | €791 | -€57,099 | -98.6% |
| Amounts payable | 17/49 | €27,173 | €105,096 | +€77,922 | +286.8% |
| Amounts payable within one year | 42/48 | €26,468 | €104,286 | +€77,817 | +294.0% |
| Trade debts | 44 | €157 | €874 | +€717 | +458.1% |
| Suppliers | 440/4 | €157 | €874 | +€717 | +458.1% |
| Taxes, remuneration and social security | 45 | €19,399 | €11,805 | -€7,595 | -39.1% |
| Taxes | 450/3 | €10,999 | €11,805 | +€805 | +7.3% |
| Remuneration and social security | 454/9 | €8,400 | - | -€8,400 | |
| Other amounts payable | 47/48 | €6,912 | €91,607 | +€84,695 | +1225.3% |
| Accrued charges and deferred income | 492/3 | €705 | €810 | +€105 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,593 | +€1,593 | |
| Other operating charges | 640/8 | €866 | €763 | -€103 | -11.9% |
| Gross operating margin | 9900 | €74,218 | €87,752 | +€13,534 | +18.2% |
| Operating profit (loss) | 9901 | €73,352 | €85,396 | +€12,044 | +16.4% |
| Financial charges | 65/66B | €54 | €46,957 | +€46,903 | +87212.9% |
| Recurring financial charges | 65 | €54 | €46,957 | +€46,903 | +87212.9% |
| Profit (loss) for the period before taxes | 9903 | €73,298 | €38,439 | -€34,859 | -47.6% |
| Income taxes | 67/77 | €15,411 | €8,538 | -€6,873 | -44.6% |
| Profit (loss) for the period | 9904 | €57,887 | €29,901 | -€27,986 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,887 | €29,901 | -€27,986 | -48.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.