SDAG Belgium: 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.
SDAG Belgium
Largest movements
- Cash +€76,356
new in 2025: €76,356
mainly Current investments (+€60,466) and Net result for the year (+€8,336)
- Current investments -€60,466
no longer reported in 2025 (was €60,466)
- Profit (loss) carried forward +€8,336
up €8,336 (+96.6%), from €8,633 to €16,969
- Trade debts +€4,397
up €4,397 (+1,670%), from €263 to €4,660
- Tax, wage and social debts +€3,067
up €3,067 (+107%), from €2,878 to €5,944
- Gross operating margin -€405
down €405 (-3.4%), from €11,857 to €11,452
- Other operating charges -€250
no longer reported in 2025 (was €250)
- Taxes +€189
up €189 (+6.6%), from €2,878 to €3,067
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.
Derived cash bridge
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 | €61,773 | €77,573 | +€15,800 | +25.6% |
| Fixed assets | 21/28 | €209 | €223 | +€14 | +6.5% |
| Financial fixed assets | 28 | €209 | €223 | +€14 | +6.5% |
| Current assets | 29/58 | €61,564 | €77,350 | +€15,786 | +25.6% |
| Amounts receivable within one year | 40/41 | €663 | €994 | +€331 | +49.9% |
| Other amounts receivable | 41 | €663 | €994 | +€331 | +49.9% |
| Current investments | 50/53 | €60,466 | - | -€60,466 | |
| Cash at bank and in hand | 54/58 | - | €76,356 | +€76,356 | |
| Deferred charges and accrued income | 490/1 | €435 | - | -€435 | |
| Total equity and liabilities | 10/49 | €61,773 | €77,573 | +€15,800 | +25.6% |
| Equity | 10/15 | €58,633 | €66,969 | +€8,336 | +14.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,633 | €16,969 | +€8,336 | +96.6% |
| Amounts payable | 17/49 | €3,141 | €10,604 | +€7,463 | +238% |
| Amounts payable within one year | 42/48 | €3,141 | €10,604 | +€7,463 | +238% |
| Trade debts | 44 | €263 | €4,660 | +€4,397 | +1,670% |
| Suppliers | 440/4 | €263 | €4,660 | +€4,397 | +1,670% |
| Taxes, remuneration and social security | 45 | €2,878 | €5,944 | +€3,067 | +107% |
| Taxes | 450/3 | €2,878 | €5,944 | +€3,067 | +107% |
| Other operating charges | 640/8 | €250 | - | -€250 | |
| Gross operating margin | 9900 | €11,857 | €11,452 | -€405 | -3.4% |
| Operating profit (loss) | 9901 | €11,607 | €11,452 | -€155 | -1.3% |
| Financial charges | 65/66B | €97 | €50 | -€47 | -48.9% |
| Recurring financial charges | 65 | €97 | €50 | -€47 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €11,510 | €11,403 | -€107 | -0.9% |
| Income taxes | 67/77 | €2,878 | €3,067 | +€189 | +6.6% |
| Profit (loss) for the period | 9904 | €8,633 | €8,336 | -€296 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,633 | €8,336 | -€296 | -3.4% |
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 1 November 2026 via checked.be.