SDC INVEST: what changed
What changed
SDC INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€170,916
2024 · €196,062-€25,145
Equity
€1.7m
2024 · €1.5m+€170,916
Cash
€384,651
2024 · €260,342+€124,309
Balance sheet total
€1.9m
2024 · €1.8m+€133,343
Largest movements
Assets
- Cash +€124,309
up €124,309 (+47.7%), from €260,342 to €384,651
mainly Net result for the year (+€170,916) and Depreciation (+€59,776)
- Receivables within one year +€62,046
up €62,046 (+69.0%), from €89,963 to €152,008
of which Trade receivables: +€38,085
- Tangible fixed assets -€54,688
down €54,688 (-3.8%), from €1.4m to €1.4m
of which Land and buildings: -€53,296
Equity and liabilities
- Reserves +€170,916
up €170,916 (+12.4%), from €1.4m to €1.5m
- Tax, wage and social debts -€26,028
down €26,028 (-42.5%), from €61,229 to €35,200
of which Taxes: -€21,902
Income statement
- Gross operating margin -€52,866
down €52,866 (-10.0%), from €526,453 to €473,588
- Financial income +€13,507
up €13,507 (+135,066,800%), from €0 to €13,507
of which Non-recurring financial income: +€13,507
- Taxes -€11,242
down €11,242 (-12.9%), from €86,928 to €75,686
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€196,062
Gross operating margin
-€52,866
Staff costs
+€2,880
Depreciation
-€4,540
Other operating charges
-€99
Financial income
+€13,507
Financial charges
+€4,730
Taxes
+€11,242
Result 2025
€170,916
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€129,299
Investment
-€5,088
Financing
+€99
Cash 2024
€260,342
From operations (derived)
+€129,299
Net result for the year
+€170,916
Depreciation
+€59,776
Receivables within one year
-€62,046
Deferred charges and accrued income
-€1,675
Trade debts
-€8,491
Tax, wage and social debts
-€26,028
Other debts
-€15,790
Accrued charges and deferred income
+€12,637
Investment (derived)
-€5,088
Investment in fixed assets (net)
-€5,088
Financing
+€99
Short-term financial debts
+€99
Cash 2025
€384,651
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,777,131 | €1,910,473 | +€133,343 | +7.5% |
| Fixed assets | 21/28 | €1,426,826 | €1,372,138 | -€54,688 | -3.8% |
| Tangible fixed assets | 22/27 | €1,426,826 | €1,372,138 | -€54,688 | -3.8% |
| Land and buildings | 22 | €1,420,169 | €1,366,872 | -€53,296 | -3.8% |
| Plant, machinery and equipment | 23 | €3,952 | €3,480 | -€472 | -12.0% |
| Furniture and vehicles | 24 | €2,705 | €1,786 | -€920 | -34.0% |
| Current assets | 29/58 | €350,305 | €538,335 | +€188,031 | +53.7% |
| Amounts receivable within one year | 40/41 | €89,963 | €152,008 | +€62,046 | +69.0% |
| Trade receivables | 40 | €76,472 | €114,557 | +€38,085 | +49.8% |
| Other amounts receivable | 41 | €13,491 | €37,451 | +€23,961 | +178% |
| Cash at bank and in hand | 54/58 | €260,342 | €384,651 | +€124,309 | +47.7% |
| Deferred charges and accrued income | 490/1 | - | €1,675 | +€1,675 | |
| Total equity and liabilities | 10/49 | €1,777,131 | €1,910,473 | +€133,343 | +7.5% |
| Equity | 10/15 | €1,493,595 | €1,664,511 | +€170,916 | +11.4% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €1,374,995 | €1,545,911 | +€170,916 | +12.4% |
| Distributable reserves | 133 | €1,374,995 | €1,545,911 | +€170,916 | +12.4% |
| Amounts payable | 17/49 | €283,536 | €245,962 | -€37,574 | -13.3% |
| Amounts payable within one year | 42/48 | €267,806 | €217,595 | -€50,211 | -18.7% |
| Financial debts | 43 | - | €99 | +€99 | |
| Credit institutions | 430/8 | - | €99 | +€99 | |
| Trade debts | 44 | €20,111 | €11,620 | -€8,491 | -42.2% |
| Suppliers | 440/4 | €20,111 | €11,620 | -€8,491 | -42.2% |
| Taxes, remuneration and social security | 45 | €61,229 | €35,200 | -€26,028 | -42.5% |
| Taxes | 450/3 | €39,403 | €17,501 | -€21,902 | -55.6% |
| Remuneration and social security | 454/9 | €21,825 | €17,699 | -€4,126 | -18.9% |
| Other amounts payable | 47/48 | €186,466 | €170,676 | -€15,790 | -8.5% |
| Accrued charges and deferred income | 492/3 | €15,730 | €28,367 | +€12,637 | +80.3% |
| Remuneration, social security and pensions | 62 | €162,701 | €159,821 | -€2,880 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,236 | €59,776 | +€4,540 | +8.2% |
| Other operating charges | 640/8 | €3,815 | €3,914 | +€99 | +2.6% |
| Gross operating margin | 9900 | €526,453 | €473,588 | -€52,866 | -10.0% |
| Operating profit (loss) | 9901 | €304,701 | €250,076 | -€54,625 | -17.9% |
| Financial income | 75/76B | €0 | €13,507 | +€13,507 | +135,066,800% |
| Recurring financial income | 75 | €0 | €13,507 | +€13,507 | +135,066,800% |
| Non-recurring financial income | 76B | - | €13,507 | +€13,507 | |
| Financial charges | 65/66B | €21,711 | €16,981 | -€4,730 | -21.8% |
| Recurring financial charges | 65 | €21,711 | €16,981 | -€4,730 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €282,990 | €246,602 | -€36,388 | -12.9% |
| Income taxes | 67/77 | €86,928 | €75,686 | -€11,242 | -12.9% |
| Profit (loss) for the period | 9904 | €196,062 | €170,916 | -€25,145 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €196,062 | €170,916 | -€25,145 | -12.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.