SDBS GROUP: 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.
SDBS GROUP
Largest movements
- Cash +€13,464
up €13,464 (+344.7%), from €3,906 to €17,370
mainly Depreciation (+€28,994) and Net result for the year (+€21,600)
- Receivables within one year -€6,449
down €6,449 (-18.7%), from €34,473 to €28,024
of which Other amounts receivable: -€22,008
- Tangible fixed assets -€5,420
down €5,420 (-2.6%), from €209,752 to €204,332
of which Land and buildings: -€5,699
- Deferred charges and accrued income -€5,312
down €5,312 (-64.7%), from €8,205 to €2,892
- Debts after one year -€37,592
down €37,592 (-26.0%), from €144,845 to €107,254
of which Financial debts: -€37,692
- Reserves +€21,600
up €21,600 (+46.9%), from €46,019 to €67,619
- Trade debts +€11,700
up €11,700 (+522.0%), from €2,242 to €13,942
- Tax, wage and social debts +€5,169
up €5,169 (+29.9%), from €17,299 to €22,469
- Current portion of long-term debt -€3,779
down €3,779 (-9.1%), from €41,471 to €37,692
- Gross operating margin -€20,390
down €20,390 (-22.1%), from €92,227 to €71,836
- Depreciation -€7,313
down €7,313 (-20.1%), from €36,307 to €28,994
- Taxes -€6,300
down €6,300 (-32.6%), from €19,308 to €13,007
- Financial income -€1,646
down €1,646 (-63.3%), from €2,600 to €954
- Financial charges -€1,317
down €1,317 (-28.9%), from €4,559 to €3,242
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 | €256,335 | €253,219 | -€3,117 | -1.2% |
| Fixed assets | 21/28 | €209,752 | €204,932 | -€4,820 | -2.3% |
| Tangible fixed assets | 22/27 | €209,752 | €204,332 | -€5,420 | -2.6% |
| Land and buildings | 22 | €191,461 | €185,762 | -€5,699 | -3.0% |
| Furniture and vehicles | 24 | €9,969 | €15,165 | +€5,197 | +52.1% |
| Other tangible fixed assets | 26 | €8,323 | €3,405 | -€4,918 | -59.1% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €46,583 | €48,287 | +€1,704 | +3.7% |
| Amounts receivable within one year | 40/41 | €34,473 | €28,024 | -€6,449 | -18.7% |
| Trade receivables | 40 | €3,429 | €18,989 | +€15,560 | +453.8% |
| Other amounts receivable | 41 | €31,044 | €9,035 | -€22,008 | -70.9% |
| Cash at bank and in hand | 54/58 | €3,906 | €17,370 | +€13,464 | +344.7% |
| Deferred charges and accrued income | 490/1 | €8,205 | €2,892 | -€5,312 | -64.7% |
| Total equity and liabilities | 10/49 | €256,335 | €253,219 | -€3,117 | -1.2% |
| Equity | 10/15 | €48,019 | €69,619 | +€21,600 | +45.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,019 | €67,619 | +€21,600 | +46.9% |
| Distributable reserves | 133 | €46,019 | €67,619 | +€21,600 | +46.9% |
| Amounts payable | 17/49 | €208,316 | €183,600 | -€24,717 | -11.9% |
| Amounts payable after more than one year | 17 | €144,845 | €107,254 | -€37,592 | -26.0% |
| Financial debts | 170/4 | €144,845 | €107,154 | -€37,692 | -26.0% |
| Other amounts payable | 178/9 | - | €100 | +€100 | |
| Amounts payable within one year | 42/48 | €63,471 | €76,346 | +€12,875 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €41,471 | €37,692 | -€3,779 | -9.1% |
| Trade debts | 44 | €2,242 | €13,942 | +€11,700 | +522.0% |
| Suppliers | 440/4 | €2,242 | €13,942 | +€11,700 | +522.0% |
| Taxes, remuneration and social security | 45 | €17,299 | €22,469 | +€5,169 | +29.9% |
| Taxes | 450/3 | €17,299 | €22,469 | +€5,169 | +29.9% |
| Other amounts payable | 47/48 | €2,459 | €2,244 | -€215 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,307 | €28,994 | -€7,313 | -20.1% |
| Other operating charges | 640/8 | €5,752 | €5,947 | +€195 | +3.4% |
| Gross operating margin | 9900 | €92,227 | €71,836 | -€20,390 | -22.1% |
| Operating profit (loss) | 9901 | €50,167 | €36,895 | -€13,272 | -26.5% |
| Financial income | 75/76B | €2,600 | €954 | -€1,646 | -63.3% |
| Recurring financial income | 75 | €2,600 | €954 | -€1,646 | -63.3% |
| Financial charges | 65/66B | €4,559 | €3,242 | -€1,317 | -28.9% |
| Recurring financial charges | 65 | €4,559 | €3,242 | -€1,317 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €48,209 | €34,607 | -€13,601 | -28.2% |
| Income taxes | 67/77 | €19,308 | €13,007 | -€6,300 | -32.6% |
| Profit (loss) for the period | 9904 | €28,901 | €21,600 | -€7,301 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,901 | €21,600 | -€7,301 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.