SDCO CONSULTING: 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.
SDCO CONSULTING
Largest movements
- Receivables within one year +€49,952
up €49,952 (+383%), from €13,030 to €62,982
of which Trade receivables: +€39,277
- Stocks and contracts -€30,400
no longer reported in 2025 (was €30,400)
- Cash +€17,705
up €17,705 (+19.8%), from €89,639 to €107,344
mainly Net result for the year (+€37,869) and Stocks and contracts (+€30,400)
- Reserves +€37,869
up €37,869 (+33.8%), from €112,186 to €150,055
- Current portion of long-term debt +€3,195
new in 2025: €3,195
- Tax, wage and social debts -€2,710
down €2,710 (-12.8%), from €21,120 to €18,410
- Gross operating margin +€16,563
up €16,563 (+40.8%), from €40,643 to €57,206
- Taxes +€5,737
up €5,737 (+63.7%), from €9,008 to €14,745
- Other operating charges +€816
up €816 (+84.4%), from €966 to €1,782
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 | €139,857 | €176,562 | +€36,705 | +26.2% |
| Fixed assets | 21/28 | €4,888 | €3,657 | -€1,231 | -25.2% |
| Tangible fixed assets | 22/27 | €4,888 | €3,657 | -€1,231 | -25.2% |
| Plant, machinery and equipment | 23 | €1,970 | €1,467 | -€503 | -25.5% |
| Furniture and vehicles | 24 | €2,918 | €2,190 | -€728 | -25.0% |
| Current assets | 29/58 | €134,969 | €172,905 | +€37,937 | +28.1% |
| Stocks and contracts in progress | 3 | €30,400 | - | -€30,400 | |
| Contracts in progress | 37 | €30,400 | - | -€30,400 | |
| Amounts receivable within one year | 40/41 | €13,030 | €62,982 | +€49,952 | +383% |
| Trade receivables | 40 | - | €39,277 | +€39,277 | |
| Other amounts receivable | 41 | €13,030 | €23,705 | +€10,676 | +81.9% |
| Cash at bank and in hand | 54/58 | €89,639 | €107,344 | +€17,705 | +19.8% |
| Deferred charges and accrued income | 490/1 | €1,900 | €2,579 | +€679 | +35.7% |
| Total equity and liabilities | 10/49 | €139,857 | €176,562 | +€36,705 | +26.2% |
| Equity | 10/15 | €115,186 | €153,055 | +€37,869 | +32.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €112,186 | €150,055 | +€37,869 | +33.8% |
| Distributable reserves | 133 | €112,186 | €150,055 | +€37,869 | +33.8% |
| Amounts payable | 17/49 | €24,671 | €23,507 | -€1,164 | -4.7% |
| Amounts payable within one year | 42/48 | €24,671 | €23,507 | -€1,164 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,195 | +€3,195 | |
| Trade debts | 44 | €3,551 | €1,902 | -€1,649 | -46.4% |
| Suppliers | 440/4 | €3,551 | €1,902 | -€1,649 | -46.4% |
| Taxes, remuneration and social security | 45 | €21,120 | €18,410 | -€2,710 | -12.8% |
| Taxes | 450/3 | €21,120 | €18,410 | -€2,710 | -12.8% |
| Remuneration, social security and pensions | 62 | €1,023 | €728 | -€295 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €1,231 | +€275 | +28.7% |
| Other operating charges | 640/8 | €966 | €1,782 | +€816 | +84.4% |
| Gross operating margin | 9900 | €40,643 | €57,206 | +€16,563 | +40.8% |
| Operating profit (loss) | 9901 | €37,697 | €53,465 | +€15,768 | +41.8% |
| Financial charges | 65/66B | €1,184 | €850 | -€333 | -28.2% |
| Recurring financial charges | 65 | €1,184 | €850 | -€333 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €36,513 | €52,615 | +€16,101 | +44.1% |
| Income taxes | 67/77 | €9,008 | €14,745 | +€5,737 | +63.7% |
| Profit (loss) for the period | 9904 | €27,505 | €37,869 | +€10,364 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,505 | €37,869 | +€10,364 | +37.7% |
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 22 October 2026 via checked.be.