SDC & R: 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 & R
Largest movements
- Cash -€6,147
down €6,147 (-24.1%), from €25,513 to €19,366
mainly Net result for the year (-€12,591) and Investment in fixed assets (net) (-€3,793)
- Receivables within one year -€1,864
down €1,864 (-80.6%), from €2,311 to €448
- Tangible fixed assets +€661
up €661 (+10.9%), from €6,052 to €6,713
- Profit (loss) carried forward -€12,591
down €12,591 (-32.3%), from -€39,030 to -€51,621
- Other debts +€3,656
up €3,656 (+5.5%), from €66,631 to €70,287
- Trade debts +€1,586
up €1,586 (+2,114%), from €75 to €1,661
- Taxes -€13,750
no longer reported in 2025 (was €13,750)
- Depreciation -€8,838
down €8,838 (-73.8%), from €11,971 to €3,132
- Financial income -€8,413
no longer reported in 2025 (was €8,413)
- Purchases and services -€2,819
no longer reported in 2025 (was €2,819)
- Gross operating margin -€2,109
down €2,109 (-74.8%), from -€2,819 to -€4,928
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 | €33,876 | €26,527 | -€7,350 | -21.7% |
| Fixed assets | 21/28 | €6,052 | €6,713 | +€661 | +10.9% |
| Tangible fixed assets | 22/27 | €6,052 | €6,713 | +€661 | +10.9% |
| Plant, machinery and equipment | 23 | €6,052 | €6,713 | +€661 | +10.9% |
| Current assets | 29/58 | €27,824 | €19,814 | -€8,010 | -28.8% |
| Amounts receivable within one year | 40/41 | €2,311 | €448 | -€1,864 | -80.6% |
| Other amounts receivable | 41 | €2,311 | €448 | -€1,864 | -80.6% |
| Cash at bank and in hand | 54/58 | €25,513 | €19,366 | -€6,147 | -24.1% |
| Total equity and liabilities | 10/49 | €33,876 | €26,527 | -€7,350 | -21.7% |
| Equity | 10/15 | -€32,830 | -€45,421 | -€12,591 | -38.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,030 | -€51,621 | -€12,591 | -32.3% |
| Amounts payable | 17/49 | €66,706 | €71,948 | +€5,241 | +7.9% |
| Amounts payable within one year | 42/48 | €66,706 | €71,948 | +€5,241 | +7.9% |
| Trade debts | 44 | €75 | €1,661 | +€1,586 | +2,114% |
| Suppliers | 440/4 | €75 | €1,661 | +€1,586 | +2,114% |
| Other amounts payable | 47/48 | €66,631 | €70,287 | +€3,656 | +5.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,819 | - | -€2,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,971 | €3,132 | -€8,838 | -73.8% |
| Other operating charges | 640/8 | €789 | €772 | -€17 | -2.2% |
| Gross operating margin | 9900 | -€2,819 | -€4,928 | -€2,109 | -74.8% |
| Operating profit (loss) | 9901 | -€15,579 | -€8,833 | +€6,746 | +43.3% |
| Financial income | 75/76B | €8,413 | - | -€8,413 | |
| Recurring financial income | 75 | €8,413 | - | -€8,413 | |
| Financial charges | 65/66B | €1,734 | €3,758 | +€2,024 | +117% |
| Recurring financial charges | 65 | €1,734 | €3,758 | +€2,024 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€8,900 | -€12,591 | -€3,690 | -41.5% |
| Income taxes | 67/77 | €13,750 | - | -€13,750 | |
| Profit (loss) for the period | 9904 | -€22,650 | -€12,591 | +€10,060 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,650 | -€12,591 | +€10,060 | +44.4% |
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 15 October 2026 via checked.be.