SDB CONSTRUCT: 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.
SDB CONSTRUCT
Largest movements
- Current investments -€5,926
no longer reported in 2025 (was €5,926)
- Receivables within one year -€1,959
down €1,959 (-34.3%), from €5,716 to €3,757
of which Trade receivables: -€1,267
- Cash +€804
new in 2025: €804
mainly Current investments (+€5,926) and Receivables within one year (+€1,959)
- Tangible fixed assets +€286
up €286 (+25.0%), from €1,143 to €1,429
- Current portion of long-term debt -€8,593
no longer reported in 2025 (was €8,593)
- Tax, wage and social debts +€1,672
new in 2025: €1,672
of which Taxes: +€1,206
- Turnover -€164,874
no longer reported in 2025 (was €164,874)
- Gross operating margin -€3,039
down €3,039 (-61.1%), from €4,974 to €1,935
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 | €12,786 | €5,990 | -€6,795 | -53.1% |
| Fixed assets | 21/28 | €1,143 | €1,429 | +€286 | +25.0% |
| Tangible fixed assets | 22/27 | €1,143 | €1,429 | +€286 | +25.0% |
| Furniture and vehicles | 24 | €1,143 | €1,429 | +€286 | +25.0% |
| Current assets | 29/58 | €11,643 | €4,561 | -€7,081 | -60.8% |
| Amounts receivable within one year | 40/41 | €5,716 | €3,757 | -€1,959 | -34.3% |
| Trade receivables | 40 | €2,095 | €828 | -€1,267 | -60.5% |
| Other amounts receivable | 41 | €3,621 | €2,929 | -€693 | -19.1% |
| Current investments | 50/53 | €5,926 | - | -€5,926 | |
| Cash at bank and in hand | 54/58 | - | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €12,786 | €5,990 | -€6,795 | -53.1% |
| Equity | 10/15 | €4,192 | €4,244 | +€52 | +1.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €3,192 | €3,244 | +€52 | +1.6% |
| Amounts payable | 17/49 | €8,593 | €1,746 | -€6,847 | -79.7% |
| Amounts payable within one year | 42/48 | €8,593 | €1,746 | -€6,847 | -79.7% |
| Current portion of amounts payable after more than one year | 42 | €8,593 | - | -€8,593 | |
| Trade debts | 44 | - | €75 | +€75 | |
| Suppliers | 440/4 | - | €75 | +€75 | |
| Taxes, remuneration and social security | 45 | - | €1,672 | +€1,672 | |
| Taxes | 450/3 | - | €1,206 | +€1,206 | |
| Remuneration and social security | 454/9 | - | €465 | +€465 | |
| Turnover | 70 | €164,874 | - | -€164,874 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €350 | +€163 | +87.2% |
| Other operating charges | 640/8 | - | €304 | +€304 | |
| Gross operating margin | 9900 | €4,974 | €1,935 | -€3,039 | -61.1% |
| Operating profit (loss) | 9901 | €4,788 | €1,282 | -€3,506 | -73.2% |
| Financial charges | 65/66B | €24 | €135 | +€111 | +454.8% |
| Recurring financial charges | 65 | €24 | €135 | +€111 | +454.8% |
| Profit (loss) for the period before taxes | 9903 | €4,763 | €1,147 | -€3,617 | -75.9% |
| Income taxes | 67/77 | €1,571 | €1,095 | -€476 | -30.3% |
| Profit (loss) for the period | 9904 | €3,192 | €52 | -€3,140 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,192 | €52 | -€3,140 | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.