SDA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€7,847
up €7,847 (+25.9%), from €30,306 to €38,153
mainly Net result for the year (+€16,597) and Receivables within one year (+€7,082)
- Receivables within one year -€7,082
down €7,082 (-45.5%), from €15,552 to €8,470
of which Trade receivables: -€7,057
- Reserves +€16,597
up €16,597 (+287.5%), from €5,772 to €22,370
- Other debts -€10,454
down €10,454 (-94.8%), from €11,024 to €571
- Trade debts -€4,137
down €4,137 (-99.9%), from €4,140 to €2
- Tax, wage and social debts -€1,205
down €1,205 (-16.0%), from €7,545 to €6,340
of which Remuneration and social security: -€3,099
- Gross operating margin +€8,323
up €8,323 (+62.6%), from €13,306 to €21,629
- Taxes +€1,567
up €1,567 (+48.0%), from €3,263 to €4,830
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 | €47,082 | €47,883 | +€801 | +1.7% |
| Current assets | 29/58 | €47,082 | €47,883 | +€801 | +1.7% |
| Amounts receivable within one year | 40/41 | €15,552 | €8,470 | -€7,082 | -45.5% |
| Trade receivables | 40 | €15,527 | €8,470 | -€7,057 | -45.4% |
| Other amounts receivable | 41 | €25 | - | -€25 | |
| Cash at bank and in hand | 54/58 | €30,306 | €38,153 | +€7,847 | +25.9% |
| Deferred charges and accrued income | 490/1 | €1,224 | €1,260 | +€37 | +3.0% |
| Total equity and liabilities | 10/49 | €47,082 | €47,883 | +€801 | +1.7% |
| Equity | 10/15 | €24,372 | €40,970 | +€16,597 | +68.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,772 | €22,370 | +€16,597 | +287.5% |
| Distributable reserves | 133 | €5,772 | €22,370 | +€16,597 | +287.5% |
| Amounts payable | 17/49 | €22,710 | €6,913 | -€15,796 | -69.6% |
| Amounts payable within one year | 42/48 | €22,710 | €6,913 | -€15,796 | -69.6% |
| Trade debts | 44 | €4,140 | €2 | -€4,137 | -99.9% |
| Suppliers | 440/4 | €4,140 | €2 | -€4,137 | -99.9% |
| Taxes, remuneration and social security | 45 | €7,545 | €6,340 | -€1,205 | -16.0% |
| Taxes | 450/3 | €4,447 | €6,340 | +€1,894 | +42.6% |
| Remuneration and social security | 454/9 | €3,099 | - | -€3,099 | |
| Other amounts payable | 47/48 | €11,024 | €571 | -€10,454 | -94.8% |
| Other operating charges | 640/8 | - | €46 | +€46 | |
| Gross operating margin | 9900 | €13,306 | €21,629 | +€8,323 | +62.6% |
| Operating profit (loss) | 9901 | €13,306 | €21,583 | +€8,277 | +62.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1500.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1500.0% |
| Financial charges | 65/66B | €180 | €156 | -€24 | -13.4% |
| Recurring financial charges | 65 | €154 | €156 | +€2 | +1.2% |
| Non-recurring financial charges | 66B | €26 | - | -€26 | |
| Profit (loss) for the period before taxes | 9903 | €13,125 | €21,427 | +€8,302 | +63.2% |
| Income taxes | 67/77 | €3,263 | €4,830 | +€1,567 | +48.0% |
| Profit (loss) for the period | 9904 | €9,863 | €16,597 | +€6,735 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,863 | €16,597 | +€6,735 | +68.3% |
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 5 October 2026 via checked.be.