SDC Services: what changed
Two fiscal 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 Services
Largest movements
- Receivables after one year -€10,800
no longer reported in 2025 (was €10,800)
- Receivables within one year -€8,848
down €8,848 (-53.9%), from €16,403 to €7,555
- Tangible fixed assets +€6,858
up €6,858 (+14.6%), from €47,118 to €53,977
of which Furniture and vehicles: +€9,640
- Cash -€3,049
down €3,049 (-4.6%), from €66,632 to €63,583
mainly Contributions, distributions and other (-€23,529) and Investment in fixed assets (net) (-€21,151)
- Other debts -€17,387
down €17,387 (-35.7%), from €48,770 to €31,383
- Debts after one year -€12,000
down €12,000 (-85.5%), from €14,041 to €2,041
- Profit (loss) carried forward +€11,793
up €11,793 (+20.2%), from €58,394 to €70,186
- Tax, wage and social debts +€2,261
up €2,261 (+28.3%), from €7,996 to €10,256
of which Taxes: +€2,261
- Gross operating margin +€15,219
up €15,219 (+19.7%), from €77,417 to €92,636
- Depreciation +€4,875
up €4,875 (+51.8%), from €9,418 to €14,293
- Other operating charges +€3,371
up €3,371 (+1259.8%), from €268 to €3,638
- Taxes +€1,127
up €1,127 (+18.2%), from €6,186 to €7,313
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 | €142,049 | €126,955 | -€15,093 | -10.6% |
| Fixed assets | 21/28 | €47,118 | €53,977 | +€6,858 | +14.6% |
| Tangible fixed assets | 22/27 | €47,118 | €53,977 | +€6,858 | +14.6% |
| Plant, machinery and equipment | 23 | €5,678 | €2,896 | -€2,782 | -49.0% |
| Furniture and vehicles | 24 | €41,440 | €51,080 | +€9,640 | +23.3% |
| Current assets | 29/58 | €94,931 | €72,979 | -€21,952 | -23.1% |
| Amounts receivable after more than one year | 29 | €10,800 | - | -€10,800 | |
| Other amounts receivable | 291 | €10,800 | - | -€10,800 | |
| Amounts receivable within one year | 40/41 | €16,403 | €7,555 | -€8,848 | -53.9% |
| Trade receivables | 40 | €16,403 | €7,555 | -€8,848 | -53.9% |
| Cash at bank and in hand | 54/58 | €66,632 | €63,583 | -€3,049 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,096 | €1,841 | +€744 | +67.9% |
| Total equity and liabilities | 10/49 | €142,049 | €126,955 | -€15,093 | -10.6% |
| Equity | 10/15 | €59,394 | €71,186 | +€11,793 | +19.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,394 | €70,186 | +€11,793 | +20.2% |
| Amounts payable | 17/49 | €82,655 | €55,769 | -€26,886 | -32.5% |
| Amounts payable after more than one year | 17 | €14,041 | €2,041 | -€12,000 | -85.5% |
| Financial debts | 170/4 | €14,041 | €2,041 | -€12,000 | -85.5% |
| Amounts payable within one year | 42/48 | €68,614 | €53,728 | -€14,886 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €11,596 | €12,000 | +€405 | +3.5% |
| Trade debts | 44 | €253 | €88 | -€165 | -65.1% |
| Suppliers | 440/4 | €253 | €88 | -€165 | -65.1% |
| Taxes, remuneration and social security | 45 | €7,996 | €10,256 | +€2,261 | +28.3% |
| Taxes | 450/3 | €5,996 | €8,256 | +€2,261 | +37.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €48,770 | €31,383 | -€17,387 | -35.7% |
| Non-recurring operating income | 76A | €6,714 | - | -€6,714 | |
| Remuneration, social security and pensions | 62 | €31,200 | €31,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,418 | €14,293 | +€4,875 | +51.8% |
| Other operating charges | 640/8 | €268 | €3,638 | +€3,371 | +1259.8% |
| Gross operating margin | 9900 | €77,417 | €92,636 | +€15,219 | +19.7% |
| Operating profit (loss) | 9901 | €36,532 | €43,505 | +€6,973 | +19.1% |
| Financial charges | 65/66B | €956 | €870 | -€87 | -9.1% |
| Recurring financial charges | 65 | €956 | €870 | -€87 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €35,575 | €42,635 | +€7,060 | +19.8% |
| Income taxes | 67/77 | €6,186 | €7,313 | +€1,127 | +18.2% |
| Profit (loss) for the period | 9904 | €29,389 | €35,322 | +€5,933 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,389 | €35,322 | +€5,933 | +20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.