SDC Group: 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 Group
Largest movements
- Cash -€1.0m
down €1.0m (-60.3%), from €1.7m to €680,172
mainly Contributions, distributions and other (-€3.0m) and Receivables within one year (-€254,772)
- Receivables within one year +€254,772
up €254,772 (+17.8%), from €1.4m to €1.7m
of which Other amounts receivable: +€297,914
- Tangible fixed assets -€95,677
down €95,677 (-11.1%), from €865,687 to €770,009
of which Land and buildings: -€51,851
- Reserves -€2.3m
down €2.3m (-99.7%), from €2.3m to €6,150
of which Distributable reserves: -€2.3m
- Other debts +€1.5m
up €1.5m (+3096.3%), from €48,010 to €1.5m
- Debts after one year -€79,055
down €79,055 (-13.2%), from €596,947 to €517,892
- Staff costs -€40,621
down €40,621 (-33.9%), from €119,717 to €79,096
- Financial income +€35,848
up €35,848 (+93.5%), from €38,329 to €74,177
- Taxes +€21,618
up €21,618 (+9.9%), from €218,450 to €240,069
- Financial charges -€17,572
down €17,572 (-19.0%), from €92,343 to €74,771
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 | €4,012,015 | €3,137,903 | -€874,112 | -21.8% |
| Fixed assets | 21/28 | €865,687 | €770,009 | -€95,677 | -11.1% |
| Tangible fixed assets | 22/27 | €865,687 | €770,009 | -€95,677 | -11.1% |
| Land and buildings | 22 | €702,864 | €651,012 | -€51,851 | -7.4% |
| Furniture and vehicles | 24 | €152,268 | €114,133 | -€38,134 | -25.0% |
| Leasing and similar rights | 25 | €9,948 | €4,560 | -€5,388 | -54.2% |
| Other tangible fixed assets | 26 | €608 | €304 | -€304 | -50.0% |
| Current assets | 29/58 | €3,146,328 | €2,367,893 | -€778,435 | -24.7% |
| Amounts receivable within one year | 40/41 | €1,432,950 | €1,687,721 | +€254,772 | +17.8% |
| Trade receivables | 40 | €70,735 | €27,593 | -€43,142 | -61.0% |
| Other amounts receivable | 41 | €1,362,214 | €1,660,128 | +€297,914 | +21.9% |
| Cash at bank and in hand | 54/58 | €1,713,379 | €680,172 | -€1.0m | -60.3% |
| Total equity and liabilities | 10/49 | €4,012,015 | €3,137,903 | -€874,112 | -21.8% |
| Equity | 10/15 | €2,338,145 | €67,650 | -€2.3m | -97.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,276,645 | €6,150 | -€2.3m | -99.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,270,495 | - | -€2.3m | |
| Amounts payable | 17/49 | €1,673,870 | €3,070,253 | +€1.4m | +83.4% |
| Amounts payable after more than one year | 17 | €596,947 | €517,892 | -€79,055 | -13.2% |
| Financial debts | 170/4 | €596,947 | €517,892 | -€79,055 | -13.2% |
| Amounts payable within one year | 42/48 | €1,076,923 | €2,543,174 | +€1.5m | +136.2% |
| Current portion of amounts payable after more than one year | 42 | €83,720 | €79,055 | -€4,665 | -5.6% |
| Financial debts | 43 | €881,485 | €899,601 | +€18,116 | +2.1% |
| Credit institutions | 430/8 | €867,500 | €867,500 | = | 0.0% |
| Other loans | 439 | €13,985 | €32,101 | +€18,116 | +129.5% |
| Trade debts | 44 | €34,917 | €18,720 | -€16,197 | -46.4% |
| Suppliers | 440/4 | €34,917 | €18,720 | -€16,197 | -46.4% |
| Taxes, remuneration and social security | 45 | €28,792 | €11,272 | -€17,520 | -60.9% |
| Taxes | 450/3 | €7,502 | €11,272 | +€3,770 | +50.2% |
| Remuneration and social security | 454/9 | €21,290 | - | -€21,290 | |
| Other amounts payable | 47/48 | €48,010 | €1,534,527 | +€1.5m | +3096.3% |
| Accrued charges and deferred income | 492/3 | - | €9,186 | +€9,186 | |
| Remuneration, social security and pensions | 62 | €119,717 | €79,096 | -€40,621 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,107 | €97,806 | +€7,699 | +8.5% |
| Other operating charges | 640/8 | €10,281 | €11,952 | +€1,672 | +16.3% |
| Gross operating margin | 9900 | €1,155,268 | €1,159,778 | +€4,511 | +0.4% |
| Operating profit (loss) | 9901 | €935,163 | €970,924 | +€35,760 | +3.8% |
| Financial income | 75/76B | €38,329 | €74,177 | +€35,848 | +93.5% |
| Recurring financial income | 75 | €38,329 | €74,177 | +€35,848 | +93.5% |
| Financial charges | 65/66B | €92,343 | €74,771 | -€17,572 | -19.0% |
| Recurring financial charges | 65 | €92,343 | €74,771 | -€17,572 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €881,149 | €970,329 | +€89,181 | +10.1% |
| Income taxes | 67/77 | €218,450 | €240,069 | +€21,618 | +9.9% |
| Profit (loss) for the period | 9904 | €662,698 | €730,261 | +€67,562 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €662,698 | €730,261 | +€67,562 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.