SDAP PERFORMANCE: 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.
SDAP PERFORMANCE
Largest movements
- Cash +€22,475
up €22,475 (+61.5%), from €36,529 to €59,004
mainly Depreciation (+€13,360) and Other debts (+€12,189)
- Tangible fixed assets -€13,360
down €13,360 (-39.0%), from €34,279 to €20,919
of which Leasing and similar rights: -€34,279
- Receivables within one year +€11,266
up €11,266 (+3,568%), from €316 to €11,582
of which Trade receivables: +€11,572
- Deferred charges and accrued income -€1,217
down €1,217 (-93.3%), from €1,304 to €87
- Other debts +€12,189
up €12,189 (+81.9%), from €14,875 to €27,064
- Accrued charges and deferred income +€7,582
new in 2025: €7,582
- Profit (loss) carried forward -€5,773
down €5,773 (-14.9%), from €38,753 to €32,981
- Trade debts +€4,720
up €4,720 (+63.8%), from €7,394 to €12,114
- Gross operating margin -€42,496
down €42,496 (-83.5%), from €50,878 to €8,382
- Taxes -€9,912
down €9,912 (-95.3%), from €10,405 to €493
- Depreciation +€7,556
up €7,556 (+130%), from €5,804 to €13,360
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 | €72,428 | €91,592 | +€19,165 | +26.5% |
| Fixed assets | 21/28 | €34,279 | €20,919 | -€13,360 | -39.0% |
| Tangible fixed assets | 22/27 | €34,279 | €20,919 | -€13,360 | -39.0% |
| Furniture and vehicles | 24 | - | €20,919 | +€20,919 | |
| Leasing and similar rights | 25 | €34,279 | €0 | -€34,279 | -100% |
| Current assets | 29/58 | €38,149 | €70,673 | +€32,524 | +85.3% |
| Amounts receivable within one year | 40/41 | €316 | €11,582 | +€11,266 | +3,568% |
| Trade receivables | 40 | €10 | €11,582 | +€11,572 | +115,722% |
| Other amounts receivable | 41 | €306 | €0 | -€306 | -100% |
| Cash at bank and in hand | 54/58 | €36,529 | €59,004 | +€22,475 | +61.5% |
| Deferred charges and accrued income | 490/1 | €1,304 | €87 | -€1,217 | -93.3% |
| Total equity and liabilities | 10/49 | €72,428 | €91,592 | +€19,165 | +26.5% |
| Equity | 10/15 | €39,753 | €33,981 | -€5,773 | -14.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €38,753 | €32,981 | -€5,773 | -14.9% |
| Amounts payable | 17/49 | €32,674 | €57,611 | +€24,937 | +76.3% |
| Amounts payable within one year | 42/48 | €32,674 | €50,029 | +€17,355 | +53.1% |
| Trade debts | 44 | €7,394 | €12,114 | +€4,720 | +63.8% |
| Suppliers | 440/4 | €7,394 | €12,114 | +€4,720 | +63.8% |
| Taxes, remuneration and social security | 45 | €10,405 | €10,851 | +€446 | +4.3% |
| Taxes | 450/3 | €10,405 | €10,851 | +€446 | +4.3% |
| Other amounts payable | 47/48 | €14,875 | €27,064 | +€12,189 | +81.9% |
| Accrued charges and deferred income | 492/3 | - | €7,582 | +€7,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,804 | €13,360 | +€7,556 | +130% |
| Other operating charges | 640/8 | €63 | €189 | +€126 | +199% |
| Gross operating margin | 9900 | €50,878 | €8,382 | -€42,496 | -83.5% |
| Operating profit (loss) | 9901 | €45,011 | -€5,167 | -€50,177 | |
| Financial income | 75/76B | €9 | €2 | -€7 | -79.3% |
| Recurring financial income | 75 | €9 | €2 | -€7 | -79.3% |
| Financial charges | 65/66B | €82 | €115 | +€33 | +39.8% |
| Recurring financial charges | 65 | €82 | €115 | +€33 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €44,938 | -€5,279 | -€50,217 | |
| Income taxes | 67/77 | €10,405 | €493 | -€9,912 | -95.3% |
| Profit (loss) for the period | 9904 | €34,532 | -€5,773 | -€40,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,532 | -€5,773 | -€40,305 |
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 15 October 2026 via checked.be.