SDAC: 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.
SDAC
Largest movements
- Receivables within one year -€4,000
no longer reported in 2025 (was €4,000)
- Cash -€242
down €242 (-32.6%), from €742 to €500
mainly Debts after one year (-€1,991) and Accrued charges and deferred income (-€1,750)
- Debts after one year -€1,991
down €1,991 (-2.9%), from €67,821 to €65,831
- Accrued charges and deferred income -€1,750
no longer reported in 2025 (was €1,750)
- Trade debts -€387
no longer reported in 2025 (was €387)
- Tax, wage and social debts -€286
down €286 (-82.1%), from €349 to €63
- Profit (loss) carried forward +€172
up €172 (+0.2%), from -€84,827 to -€84,655
- Depreciation -€468
no longer reported in 2025 (was €468)
- Gross operating margin -€452
down €452 (-41.6%), from €1,086 to €634
- Financial charges -€68
no longer reported in 2025 (was €68)
- Taxes +€19
up €19 (+43.9%), from €44 to €63
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €4,742 | €500 | -€4,242 | -89.5% |
| Current assets | 29/58 | €4,742 | €500 | -€4,242 | -89.5% |
| Amounts receivable within one year | 40/41 | €4,000 | - | -€4,000 | |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | €742 | €500 | -€242 | -32.6% |
| Total equity and liabilities | 10/49 | €4,742 | €500 | -€4,242 | -89.5% |
| Equity | 10/15 | -€65,565 | -€65,393 | +€172 | +0.3% |
| Contributions | 10/11 | €18,642 | €18,642 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,827 | -€84,655 | +€172 | +0.2% |
| Amounts payable | 17/49 | €70,307 | €65,893 | -€4,414 | -6.3% |
| Amounts payable after more than one year | 17 | €67,821 | €65,831 | -€1,991 | -2.9% |
| Other amounts payable | 178/9 | €67,821 | €65,831 | -€1,991 | -2.9% |
| Amounts payable within one year | 42/48 | €736 | €63 | -€674 | -91.5% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €349 | €63 | -€286 | -82.1% |
| Taxes | 450/3 | €349 | €63 | -€286 | -82.1% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | - | -€468 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,086 | €634 | -€452 | -41.6% |
| Operating profit (loss) | 9901 | €231 | €235 | +€3 | +1.4% |
| Financial charges | 65/66B | €68 | - | -€68 | |
| Recurring financial charges | 65 | €68 | - | -€68 | |
| Profit (loss) for the period before taxes | 9903 | €163 | €235 | +€72 | +43.9% |
| Income taxes | 67/77 | €44 | €63 | +€19 | +43.9% |
| Profit (loss) for the period | 9904 | €120 | €172 | +€52 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120 | €172 | +€52 | +43.9% |
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 29 September 2026 via checked.be.