SDC Consult: 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.
SDC Consult
Largest movements
- Tangible fixed assets +€31,717
up €31,717 (+200.2%), from €15,846 to €47,563
of which Furniture and vehicles: +€32,741
- Current investments +€7,500
new in 2025: €7,500
- Cash +€6,527
up €6,527 (+29.4%), from €22,211 to €28,738
mainly Debts after one year (+€17,199) and Net result for the year (+€15,170)
- Deferred charges and accrued income -€3,013
down €3,013 (-26.1%), from €11,549 to €8,536
- Receivables within one year +€2,099
up €2,099 (+17.1%), from €12,250 to €14,349
of which Trade receivables: +€1,715
- Debts after one year +€17,199
new in 2025: €17,199
- Profit (loss) carried forward +€15,170
up €15,170 (+36.1%), from €41,974 to €57,144
- Current portion of long-term debt +€10,392
new in 2025: €10,392
- Tax, wage and social debts +€1,720
up €1,720 (+12.0%), from €14,313 to €16,033
- Trade debts +€1,181
up €1,181 (+68.0%), from €1,736 to €2,916
- Gross operating margin -€26,852
down €26,852 (-46.5%), from €57,694 to €30,842
- Taxes -€6,474
down €6,474 (-57.5%), from €11,253 to €4,780
- Depreciation +€4,636
up €4,636 (+209.5%), from €2,213 to €6,849
- Financial charges +€2,501
up €2,501 (+192.1%), from €1,302 to €3,803
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 | €61,856 | €106,686 | +€44,829 | +72.5% |
| Fixed assets | 21/28 | €15,846 | €47,563 | +€31,717 | +200.2% |
| Tangible fixed assets | 22/27 | €15,846 | €47,563 | +€31,717 | +200.2% |
| Plant, machinery and equipment | 23 | €7,430 | €6,405 | -€1,025 | -13.8% |
| Furniture and vehicles | 24 | €8,416 | €41,158 | +€32,741 | +389.0% |
| Current assets | 29/58 | €46,010 | €59,123 | +€13,113 | +28.5% |
| Amounts receivable within one year | 40/41 | €12,250 | €14,349 | +€2,099 | +17.1% |
| Trade receivables | 40 | €11,728 | €13,443 | +€1,715 | +14.6% |
| Other amounts receivable | 41 | €522 | €906 | +€384 | +73.6% |
| Current investments | 50/53 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €22,211 | €28,738 | +€6,527 | +29.4% |
| Deferred charges and accrued income | 490/1 | €11,549 | €8,536 | -€3,013 | -26.1% |
| Total equity and liabilities | 10/49 | €61,856 | €106,686 | +€44,829 | +72.5% |
| Equity | 10/15 | €44,974 | €60,144 | +€15,170 | +33.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,974 | €57,144 | +€15,170 | +36.1% |
| Amounts payable | 17/49 | €16,882 | €46,542 | +€29,660 | +175.7% |
| Amounts payable after more than one year | 17 | - | €17,199 | +€17,199 | |
| Financial debts | 170/4 | - | €17,199 | +€17,199 | |
| Amounts payable within one year | 42/48 | €16,882 | €29,342 | +€12,460 | +73.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,392 | +€10,392 | |
| Trade debts | 44 | €1,736 | €2,916 | +€1,181 | +68.0% |
| Suppliers | 440/4 | €1,736 | €2,916 | +€1,181 | +68.0% |
| Taxes, remuneration and social security | 45 | €14,313 | €16,033 | +€1,720 | +12.0% |
| Taxes | 450/3 | €14,313 | €16,033 | +€1,720 | +12.0% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,213 | €6,849 | +€4,636 | +209.5% |
| Other operating charges | 640/8 | €118 | €340 | +€222 | +187.0% |
| Gross operating margin | 9900 | €57,694 | €30,842 | -€26,852 | -46.5% |
| Operating profit (loss) | 9901 | €55,363 | €23,653 | -€31,710 | -57.3% |
| Financial income | 75/76B | - | €99 | +€99 | |
| Recurring financial income | 75 | - | €99 | +€99 | |
| Financial charges | 65/66B | €1,302 | €3,803 | +€2,501 | +192.1% |
| Recurring financial charges | 65 | €1,302 | €3,803 | +€2,501 | +192.1% |
| Profit (loss) for the period before taxes | 9903 | €54,061 | €19,950 | -€34,111 | -63.1% |
| Income taxes | 67/77 | €11,253 | €4,780 | -€6,474 | -57.5% |
| Profit (loss) for the period | 9904 | €42,807 | €15,170 | -€27,638 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,807 | €15,170 | -€27,638 | -64.6% |
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 6 October 2026 via checked.be.