SDBA: 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.
SDBA
Largest movements
- Cash +€27,914
up €27,914 (+34.6%), from €80,728 to €108,643
mainly Net result for the year (+€53,366) and Other debts (+€18,740)
- Receivables within one year -€6,970
down €6,970 (-65.0%), from €10,718 to €3,748
of which Other amounts receivable: -€10,563
- Deferred charges and accrued income +€1,401
up €1,401 (+13.5%), from €10,340 to €11,741
- Other debts +€18,740
new in 2025: €18,740
- Tax, wage and social debts +€5,597
up €5,597 (+63.5%), from €8,820 to €14,417
of which Taxes: +€5,579
- Gross operating margin -€10,523
down €10,523 (-12.7%), from €82,671 to €72,147
- Taxes -€6,897
down €6,897 (-30.6%), from €22,505 to €15,608
- Depreciation +€844
up €844 (+50.2%), from €1,682 to €2,526
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 | €106,928 | €130,292 | +€23,364 | +21.9% |
| Fixed assets | 21/28 | €5,142 | €6,160 | +€1,019 | +19.8% |
| Tangible fixed assets | 22/27 | €5,142 | €6,160 | +€1,019 | +19.8% |
| Plant, machinery and equipment | 23 | €1,859 | €4,006 | +€2,147 | +115.5% |
| Furniture and vehicles | 24 | €3,282 | €2,154 | -€1,129 | -34.4% |
| Current assets | 29/58 | €101,787 | €124,132 | +€22,345 | +22.0% |
| Amounts receivable within one year | 40/41 | €10,718 | €3,748 | -€6,970 | -65.0% |
| Trade receivables | 40 | €155 | €3,748 | +€3,593 | +2318.3% |
| Other amounts receivable | 41 | €10,563 | - | -€10,563 | |
| Cash at bank and in hand | 54/58 | €80,728 | €108,643 | +€27,914 | +34.6% |
| Deferred charges and accrued income | 490/1 | €10,340 | €11,741 | +€1,401 | +13.5% |
| Total equity and liabilities | 10/49 | €106,928 | €130,292 | +€23,364 | +21.9% |
| Equity | 10/15 | €97,135 | €97,135 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,135 | €92,135 | = | 0.0% |
| Distributable reserves | 133 | €92,135 | €92,135 | = | 0.0% |
| Amounts payable | 17/49 | €9,793 | €33,157 | +€23,364 | +238.6% |
| Amounts payable within one year | 42/48 | €9,793 | €33,157 | +€23,364 | +238.6% |
| Trade debts | 44 | €973 | - | -€973 | |
| Suppliers | 440/4 | €973 | - | -€973 | |
| Taxes, remuneration and social security | 45 | €8,820 | €14,417 | +€5,597 | +63.5% |
| Taxes | 450/3 | €6,463 | €12,043 | +€5,579 | +86.3% |
| Remuneration and social security | 454/9 | €2,356 | €2,374 | +€18 | +0.8% |
| Other amounts payable | 47/48 | - | €18,740 | +€18,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,682 | €2,526 | +€844 | +50.2% |
| Gross operating margin | 9900 | €82,671 | €72,147 | -€10,523 | -12.7% |
| Operating profit (loss) | 9901 | €80,988 | €69,621 | -€11,367 | -14.0% |
| Financial income | 75/76B | €142 | €951 | +€810 | +571.9% |
| Recurring financial income | 75 | €142 | €951 | +€810 | +571.9% |
| Financial charges | 65/66B | €1,789 | €1,598 | -€190 | -10.6% |
| Recurring financial charges | 65 | €1,789 | €1,598 | -€190 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €79,341 | €68,974 | -€10,368 | -13.1% |
| Income taxes | 67/77 | €22,505 | €15,608 | -€6,897 | -30.6% |
| Profit (loss) for the period | 9904 | €56,837 | €53,366 | -€3,471 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,837 | €53,366 | -€3,471 | -6.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.