SDC MANAGEMENT SOLUTIONS: 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 MANAGEMENT SOLUTIONS
Largest movements
- Cash +€190,973
up €190,973 (+987.3%), from €19,343 to €210,316
mainly Net result for the year (+€101,158) and Current investments (+€72,029)
- Current investments -€72,029
down €72,029 (-13.5%), from €532,059 to €460,030
- Receivables within one year -€22,728
down €22,728 (-59.3%), from €38,353 to €15,625
of which Other amounts receivable: -€15,053
- Tangible fixed assets +€17,404
up €17,404 (+50.3%), from €34,587 to €51,991
of which Other tangible fixed assets: +€12,150
- Profit (loss) carried forward +€51,158
up €51,158, from €0 to €51,158
- Reserves +€50,000
up €50,000 (+16.9%), from €295,392 to €345,392
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€16,697
up €16,697 (+254.2%), from €6,567 to €23,264
of which Taxes: +€21,691
- Gross operating margin +€13,637
up €13,637 (+10.1%), from €134,659 to €148,296
- Taxes +€7,826
up €7,826 (+22.9%), from €34,240 to €42,066
- Financial charges -€5,590
down €5,590 (-37.2%), from €15,036 to €9,445
- Staff costs -€3,473
down €3,473 (-72.3%), from €4,805 to €1,332
- Depreciation +€1,704
up €1,704 (+31.6%), from €5,389 to €7,093
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 | €630,217 | €741,170 | +€110,953 | +17.6% |
| Fixed assets | 21/28 | €34,587 | €51,991 | +€17,404 | +50.3% |
| Tangible fixed assets | 22/27 | €34,587 | €51,991 | +€17,404 | +50.3% |
| Land and buildings | 22 | €2,634 | €977 | -€1,657 | -62.9% |
| Furniture and vehicles | 24 | €22,453 | €29,364 | +€6,911 | +30.8% |
| Other tangible fixed assets | 26 | €9,500 | €21,650 | +€12,150 | +127.9% |
| Current assets | 29/58 | €595,629 | €689,179 | +€93,549 | +15.7% |
| Amounts receivable within one year | 40/41 | €38,353 | €15,625 | -€22,728 | -59.3% |
| Trade receivables | 40 | €23,301 | €15,625 | -€7,676 | -32.9% |
| Other amounts receivable | 41 | €15,053 | €0 | -€15,053 | -100.0% |
| Current investments | 50/53 | €532,059 | €460,030 | -€72,029 | -13.5% |
| Cash at bank and in hand | 54/58 | €19,343 | €210,316 | +€190,973 | +987.3% |
| Deferred charges and accrued income | 490/1 | €5,875 | €3,208 | -€2,667 | -45.4% |
| Total equity and liabilities | 10/49 | €630,217 | €741,170 | +€110,953 | +17.6% |
| Equity | 10/15 | €313,992 | €415,150 | +€101,158 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,392 | €345,392 | +€50,000 | +16.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €293,532 | €343,532 | +€50,000 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | €51,158 | +€51,158 | |
| Amounts payable | 17/49 | €316,225 | €326,020 | +€9,795 | +3.1% |
| Amounts payable within one year | 42/48 | €316,225 | €326,020 | +€9,795 | +3.1% |
| Trade debts | 44 | €5,810 | €1,793 | -€4,017 | -69.1% |
| Suppliers | 440/4 | €5,810 | €1,793 | -€4,017 | -69.1% |
| Taxes, remuneration and social security | 45 | €6,567 | €23,264 | +€16,697 | +254.2% |
| Taxes | 450/3 | €1,573 | €23,264 | +€21,691 | +1379.3% |
| Remuneration and social security | 454/9 | €4,995 | €0 | -€4,995 | -100.0% |
| Other amounts payable | 47/48 | €303,848 | €300,963 | -€2,885 | -0.9% |
| Remuneration, social security and pensions | 62 | €4,805 | €1,332 | -€3,473 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,389 | €7,093 | +€1,704 | +31.6% |
| Other operating charges | 640/8 | €2,115 | €1,420 | -€695 | -32.9% |
| Non-recurring operating charges | 66A | €2,213 | €0 | -€2,213 | -100.0% |
| Gross operating margin | 9900 | €134,659 | €148,296 | +€13,637 | +10.1% |
| Operating profit (loss) | 9901 | €120,137 | €138,451 | +€18,314 | +15.2% |
| Financial income | 75/76B | €12,664 | €14,218 | +€1,553 | +12.3% |
| Recurring financial income | 75 | €12,664 | €14,218 | +€1,553 | +12.3% |
| Financial charges | 65/66B | €15,036 | €9,445 | -€5,590 | -37.2% |
| Recurring financial charges | 65 | €15,036 | €9,445 | -€5,590 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €117,766 | €143,224 | +€25,458 | +21.6% |
| Income taxes | 67/77 | €34,240 | €42,066 | +€7,826 | +22.9% |
| Profit (loss) for the period | 9904 | €83,526 | €101,158 | +€17,632 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €83,526 | €101,158 | +€17,632 | +21.1% |
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 12 October 2026 via checked.be.