SDB Logistics: 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 Logistics
Largest movements
- Receivables within one year +€275,469
up €275,469 (+167.1%), from €164,808 to €440,277
of which Trade receivables: +€192,571
- Tangible fixed assets +€80,515
up €80,515 (+21.6%), from €371,963 to €452,478
of which Furniture and vehicles: +€57,243
- Cash +€41,603
up €41,603 (+279.6%), from €14,879 to €56,482
mainly Tax, wage and social debts (+€181,097) and Net result for the year (+€176,180)
- Financial fixed assets -€18,700
down €18,700 (-81.3%), from €23,005 to €4,305
- Tax, wage and social debts +€181,097
up €181,097 (+241.2%), from €75,079 to €256,176
of which Taxes: +€100,846
- Profit (loss) carried forward +€176,180
up €176,180 (+94.2%), from €187,058 to €363,238
- Current portion of long-term debt +€23,512
up €23,512 (+53.7%), from €43,777 to €67,289
- Trade debts -€12,816
down €12,816 (-14.6%), from €87,735 to €74,918
- Debts after one year +€11,953
up €11,953 (+7.5%), from €159,508 to €171,461
- Gross operating margin +€498,300
up €498,300 (+135.6%), from €367,347 to €865,648
- Staff costs +€263,238
up €263,238 (+133.1%), from €197,835 to €461,073
- Depreciation +€56,487
up €56,487 (+79.5%), from €71,066 to €127,553
- Taxes +€51,349
up €51,349 (+180.6%), from €28,427 to €79,777
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,881 | €953,541 | +€376,661 | +65.3% |
| Fixed assets | 21/28 | €397,194 | €456,783 | +€59,590 | +15.0% |
| Intangible fixed assets | 21 | €2,226 | - | -€2,226 | |
| Tangible fixed assets | 22/27 | €371,963 | €452,478 | +€80,515 | +21.6% |
| Furniture and vehicles | 24 | €173,575 | €230,818 | +€57,243 | +33.0% |
| Leasing and similar rights | 25 | €198,388 | €218,666 | +€20,278 | +10.2% |
| Other tangible fixed assets | 26 | - | €2,994 | +€2,994 | |
| Financial fixed assets | 28 | €23,005 | €4,305 | -€18,700 | -81.3% |
| Current assets | 29/58 | €179,687 | €496,758 | +€317,071 | +176.5% |
| Amounts receivable within one year | 40/41 | €164,808 | €440,277 | +€275,469 | +167.1% |
| Trade receivables | 40 | €156,975 | €349,546 | +€192,571 | +122.7% |
| Other amounts receivable | 41 | €7,833 | €90,731 | +€82,898 | +1058.3% |
| Cash at bank and in hand | 54/58 | €14,879 | €56,482 | +€41,603 | +279.6% |
| Total equity and liabilities | 10/49 | €576,881 | €953,541 | +€376,661 | +65.3% |
| Equity | 10/15 | €207,518 | €383,698 | +€176,180 | +84.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,058 | €363,238 | +€176,180 | +94.2% |
| Amounts payable | 17/49 | €369,363 | €569,844 | +€200,481 | +54.3% |
| Amounts payable after more than one year | 17 | €159,508 | €171,461 | +€11,953 | +7.5% |
| Financial debts | 170/4 | €159,508 | €171,461 | +€11,953 | +7.5% |
| Amounts payable within one year | 42/48 | €209,854 | €398,383 | +€188,528 | +89.8% |
| Current portion of amounts payable after more than one year | 42 | €43,777 | €67,289 | +€23,512 | +53.7% |
| Trade debts | 44 | €87,735 | €74,918 | -€12,816 | -14.6% |
| Suppliers | 440/4 | €87,735 | €74,918 | -€12,816 | -14.6% |
| Taxes, remuneration and social security | 45 | €75,079 | €256,176 | +€181,097 | +241.2% |
| Taxes | 450/3 | €46,083 | €146,929 | +€100,846 | +218.8% |
| Remuneration and social security | 454/9 | €28,996 | €109,246 | +€80,250 | +276.8% |
| Other amounts payable | 47/48 | €3,264 | - | -€3,264 | |
| Remuneration, social security and pensions | 62 | €197,835 | €461,073 | +€263,238 | +133.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,066 | €127,553 | +€56,487 | +79.5% |
| Other operating charges | 640/8 | €14,878 | €18,110 | +€3,232 | +21.7% |
| Gross operating margin | 9900 | €367,347 | €865,648 | +€498,300 | +135.6% |
| Operating profit (loss) | 9901 | €83,569 | €258,913 | +€175,344 | +209.8% |
| Financial income | 75/76B | €4,263 | €4,231 | -€32 | -0.7% |
| Recurring financial income | 75 | €4,263 | €4,231 | -€32 | -0.7% |
| Financial charges | 65/66B | €3,743 | €7,187 | +€3,444 | +92.0% |
| Recurring financial charges | 65 | €3,743 | €7,187 | +€3,444 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | €84,089 | €255,956 | +€171,868 | +204.4% |
| Income taxes | 67/77 | €28,427 | €79,777 | +€51,349 | +180.6% |
| Profit (loss) for the period | 9904 | €55,661 | €176,180 | +€120,519 | +216.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,661 | €176,180 | +€120,519 | +216.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.