SDC build & projects: 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.
SDC build & projects
Largest movements
- Stocks and contracts +€44,621
up €44,621 (+20.5%), from €217,515 to €262,135
- Receivables within one year +€7,566
up €7,566 (+43.8%), from €17,290 to €24,856
of which Other amounts receivable: +€8,588
- Other debts +€40,265
up €40,265 (+16.2%), from €248,204 to €288,469
- Trade debts +€15,021
up €15,021 (+4672.8%), from €321 to €15,342
- Gross operating margin -€1,966
down €1,966, from €339 to -€1,626
- Other operating charges -€104
down €104 (-14.3%), from €722 to €619
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 | €235,027 | €287,982 | +€52,955 | +22.5% |
| Current assets | 29/58 | €235,027 | €287,982 | +€52,955 | +22.5% |
| Stocks and contracts in progress | 3 | €217,515 | €262,135 | +€44,621 | +20.5% |
| Stocks | 30/36 | €217,515 | €262,135 | +€44,621 | +20.5% |
| Amounts receivable within one year | 40/41 | €17,290 | €24,856 | +€7,566 | +43.8% |
| Trade receivables | 40 | €1,022 | - | -€1,022 | |
| Other amounts receivable | 41 | €16,268 | €24,856 | +€8,588 | +52.8% |
| Cash at bank and in hand | 54/58 | €223 | €991 | +€768 | +344.2% |
| Total equity and liabilities | 10/49 | €235,027 | €287,982 | +€52,955 | +22.5% |
| Equity | 10/15 | -€13,498 | -€15,829 | -€2,330 | -17.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,498 | -€20,829 | -€2,330 | -12.6% |
| Amounts payable | 17/49 | €248,526 | €303,811 | +€55,285 | +22.2% |
| Amounts payable within one year | 42/48 | €248,526 | €303,811 | +€55,285 | +22.2% |
| Trade debts | 44 | €321 | €15,342 | +€15,021 | +4672.8% |
| Suppliers | 440/4 | €321 | €15,342 | +€15,021 | +4672.8% |
| Other amounts payable | 47/48 | €248,204 | €288,469 | +€40,265 | +16.2% |
| Other operating charges | 640/8 | €722 | €619 | -€104 | -14.3% |
| Gross operating margin | 9900 | €339 | -€1,626 | -€1,966 | |
| Operating profit (loss) | 9901 | -€383 | -€2,245 | -€1,862 | -486.2% |
| Financial charges | 65/66B | €72 | €85 | +€13 | +18.2% |
| Recurring financial charges | 65 | €72 | €85 | +€13 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€455 | -€2,330 | -€1,875 | -411.9% |
| Profit (loss) for the period | 9904 | -€455 | -€2,330 | -€1,875 | -411.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€455 | -€2,330 | -€1,875 | -411.9% |
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 9 October 2026 via checked.be.