SDA Group: 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.
SDA Group
Largest movements
- Receivables within one year -€808,196
down €808,196 (-39.5%), from €2.0m to €1.2m
- Cash +€802,706
up €802,706 (+138445.3%), from €580 to €803,285
mainly Receivables within one year (+€808,196)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€5,767
no longer reported in 2025 (was -€5,767)
- Services and other goods +€2,224
new in 2025: €2,224
- Other operating charges +€611
up €611 (+157.8%), from €387 to €998
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 | €52,045,350 | €52,039,859 | -€5,491 | 0.0% |
| Fixed assets | 21/28 | €50,000,000 | €50,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €50,000,000 | €50,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | - | €50,000,000 | +€50.0m | |
| Participating interests | 280 | - | €50,000,000 | +€50.0m | |
| Current assets | 29/58 | €2,045,350 | €2,039,859 | -€5,491 | -0.3% |
| Amounts receivable within one year | 40/41 | €2,044,770 | €1,236,574 | -€808,196 | -39.5% |
| Other amounts receivable | 41 | €2,044,770 | €1,236,574 | -€808,196 | -39.5% |
| Cash at bank and in hand | 54/58 | €580 | €803,285 | +€802,706 | +138445.3% |
| Total equity and liabilities | 10/49 | €52,045,350 | €52,039,859 | -€5,491 | 0.0% |
| Equity | 10/15 | €52,043,505 | €52,039,662 | -€3,843 | 0.0% |
| Contributions | 10/11 | €52,060,000 | €52,060,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,495 | -€20,338 | -€3,843 | -23.3% |
| Amounts payable | 17/49 | €1,845 | €197 | -€1,648 | -89.3% |
| Amounts payable within one year | 42/48 | €1,845 | €197 | -€1,648 | -89.3% |
| Trade debts | 44 | €1,845 | €197 | -€1,648 | -89.3% |
| Suppliers | 440/4 | €1,845 | €197 | -€1,648 | -89.3% |
| Operating charges | 60/66A | - | €3,323 | +€3,323 | |
| Services and other goods | 61 | - | €2,224 | +€2,224 | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€5,767 | - | +€5,767 | |
| Operating profit (loss) | 9901 | -€6,154 | -€3,323 | +€2,832 | +46.0% |
| Financial charges | 65/66B | €530 | €520 | -€10 | -1.9% |
| Recurring financial charges | 65 | €530 | €520 | -€10 | -1.9% |
| Debt charges | 650 | - | €520 | +€520 | |
| Profit (loss) for the period before taxes | 9903 | -€6,685 | -€3,843 | +€2,842 | +42.5% |
| Profit (loss) for the period | 9904 | -€6,685 | -€3,843 | +€2,842 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,685 | -€3,843 | +€2,842 | +42.5% |
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 12 October 2026 via checked.be.