SDC Consulting: 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 Consulting
Largest movements
- Cash +€67,759
up €67,759 (+284%), from €23,864 to €91,623
mainly Net result for the year (+€74,902) and Receivables after one year (+€45,000)
- Receivables after one year -€45,000
down €45,000 (-72.6%), from €62,000 to €17,000
- Receivables within one year +€16,702
up €16,702 (+23.8%), from €70,037 to €86,739
of which Trade receivables: +€19,400
- Tangible fixed assets -€14,812
down €14,812 (-26.1%), from €56,687 to €41,875
of which Leasing and similar rights: -€14,936
- Other debts +€44,034
up €44,034 (+31.7%), from €138,739 to €182,773
- Debts after one year -€14,492
down €14,492 (-33.8%), from €42,816 to €28,324
- Tax, wage and social debts -€4,717
down €4,717 (-32.0%), from €14,756 to €10,039
of which Taxes: -€7,876
- Gross operating margin +€20,410
up €20,410 (+22.1%), from €92,181 to €112,591
- Taxes +€4,280
up €4,280 (+27.1%), from €15,805 to €20,085
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.
Derived cash bridge
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 | €218,145 | €243,113 | +€24,968 | +11.4% |
| Fixed assets | 21/28 | €56,764 | €41,952 | -€14,812 | -26.1% |
| Tangible fixed assets | 22/27 | €56,687 | €41,875 | -€14,812 | -26.1% |
| Furniture and vehicles | 24 | €1,241 | €1,365 | +€124 | +10.0% |
| Leasing and similar rights | 25 | €55,446 | €40,511 | -€14,936 | -26.9% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €161,382 | €201,161 | +€39,780 | +24.6% |
| Amounts receivable after more than one year | 29 | €62,000 | €17,000 | -€45,000 | -72.6% |
| Trade receivables | 290 | €62,000 | €17,000 | -€45,000 | -72.6% |
| Amounts receivable within one year | 40/41 | €70,037 | €86,739 | +€16,702 | +23.8% |
| Trade receivables | 40 | €45,375 | €64,775 | +€19,400 | +42.8% |
| Other amounts receivable | 41 | €24,662 | €21,964 | -€2,698 | -10.9% |
| Cash at bank and in hand | 54/58 | €23,864 | €91,623 | +€67,759 | +284% |
| Deferred charges and accrued income | 490/1 | €5,481 | €5,799 | +€318 | +5.8% |
| Total equity and liabilities | 10/49 | €218,145 | €243,113 | +€24,968 | +11.4% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €213,145 | €238,113 | +€24,968 | +11.7% |
| Amounts payable after more than one year | 17 | €42,816 | €28,324 | -€14,492 | -33.8% |
| Financial debts | 170/4 | €42,816 | €28,324 | -€14,492 | -33.8% |
| Amounts payable within one year | 42/48 | €170,109 | €209,789 | +€39,680 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €13,982 | €14,492 | +€510 | +3.6% |
| Trade debts | 44 | €2,631 | €2,485 | -€146 | -5.6% |
| Suppliers | 440/4 | €2,631 | €2,485 | -€146 | -5.6% |
| Taxes, remuneration and social security | 45 | €14,756 | €10,039 | -€4,717 | -32.0% |
| Taxes | 450/3 | €14,756 | €6,880 | -€7,876 | -53.4% |
| Remuneration and social security | 454/9 | - | €3,159 | +€3,159 | |
| Other amounts payable | 47/48 | €138,739 | €182,773 | +€44,034 | +31.7% |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,293 | €15,355 | +€62 | +0.4% |
| Other operating charges | 640/8 | €1,179 | €934 | -€245 | -20.8% |
| Gross operating margin | 9900 | €92,181 | €112,591 | +€20,410 | +22.1% |
| Operating profit (loss) | 9901 | €75,708 | €96,301 | +€20,593 | +27.2% |
| Financial income | 75/76B | €1,105 | €661 | -€445 | -40.2% |
| Recurring financial income | 75 | €1,105 | €661 | -€445 | -40.2% |
| Financial charges | 65/66B | €1,700 | €1,975 | +€275 | +16.2% |
| Recurring financial charges | 65 | €1,700 | €1,975 | +€275 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €75,113 | €94,987 | +€19,873 | +26.5% |
| Income taxes | 67/77 | €15,805 | €20,085 | +€4,280 | +27.1% |
| Profit (loss) for the period | 9904 | €59,309 | €74,902 | +€15,593 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,309 | €74,902 | +€15,593 | +26.3% |
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 18 October 2026 via checked.be.