SDCOM: 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.
SDCOM
Largest movements
- Receivables within one year +€20,315
up €20,315 (+88.3%), from €23,006 to €43,321
of which Trade receivables: +€14,817
- Cash +€13,222
up €13,222 (+174%), from €7,618 to €20,840
mainly Net result for the year (+€55,221) and Tax, wage and social debts (+€11,848)
- Tangible fixed assets -€2,201
down €2,201 (-5.1%), from €43,326 to €41,125
- Reserves +€54,388
up €54,388 (+259%), from €20,989 to €75,377
- Debts after one year -€22,366
no longer reported in 2025 (was €22,366)
- Current portion of long-term debt -€11,854
no longer reported in 2025 (was €11,854)
- Tax, wage and social debts +€11,848
up €11,848 (+76.6%), from €15,463 to €27,311
- Gross operating margin +€49,945
up €49,945 (+156%), from €31,979 to €81,925
- Taxes +€8,634
up €8,634 (+157%), from €5,510 to €14,145
- Depreciation +€6,874
up €6,874 (+212%), from €3,249 to €10,123
- Financial charges +€1,034
up €1,034 (+133%), from €775 to €1,809
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 | €74,349 | €105,286 | +€30,937 | +41.6% |
| Fixed assets | 21/28 | €43,726 | €41,125 | -€2,601 | -5.9% |
| Tangible fixed assets | 22/27 | €43,326 | €41,125 | -€2,201 | -5.1% |
| Furniture and vehicles | 24 | €43,326 | €41,125 | -€2,201 | -5.1% |
| Financial fixed assets | 28 | €400 | - | -€400 | |
| Current assets | 29/58 | €30,624 | €64,161 | +€33,537 | +110% |
| Amounts receivable within one year | 40/41 | €23,006 | €43,321 | +€20,315 | +88.3% |
| Trade receivables | 40 | €22,990 | €37,807 | +€14,817 | +64.4% |
| Other amounts receivable | 41 | €16 | €5,514 | +€5,498 | +34,777% |
| Cash at bank and in hand | 54/58 | €7,618 | €20,840 | +€13,222 | +174% |
| Total equity and liabilities | 10/49 | €74,349 | €105,286 | +€30,937 | +41.6% |
| Equity | 10/15 | €21,989 | €76,377 | +€54,388 | +247% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,989 | €75,377 | +€54,388 | +259% |
| Distributable reserves | 133 | €20,989 | €75,377 | +€54,388 | +259% |
| Amounts payable | 17/49 | €52,360 | €28,909 | -€23,452 | -44.8% |
| Amounts payable after more than one year | 17 | €22,366 | - | -€22,366 | |
| Financial debts | 170/4 | €22,366 | - | -€22,366 | |
| Amounts payable within one year | 42/48 | €29,923 | €28,909 | -€1,014 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €11,854 | - | -€11,854 | |
| Trade debts | 44 | €1,773 | €765 | -€1,008 | -56.9% |
| Suppliers | 440/4 | €1,773 | €765 | -€1,008 | -56.9% |
| Taxes, remuneration and social security | 45 | €15,463 | €27,311 | +€11,848 | +76.6% |
| Taxes | 450/3 | €15,463 | €27,311 | +€11,848 | +76.6% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,249 | €10,123 | +€6,874 | +212% |
| Other operating charges | 640/8 | €623 | €717 | +€94 | +15.1% |
| Gross operating margin | 9900 | €31,979 | €81,925 | +€49,945 | +156% |
| Operating profit (loss) | 9901 | €28,107 | €71,084 | +€42,977 | +153% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €775 | €1,809 | +€1,034 | +133% |
| Recurring financial charges | 65 | €775 | €1,809 | +€1,034 | +133% |
| Profit (loss) for the period before taxes | 9903 | €27,332 | €69,366 | +€42,034 | +154% |
| Income taxes | 67/77 | €5,510 | €14,145 | +€8,634 | +157% |
| Profit (loss) for the period | 9904 | €21,822 | €55,221 | +€33,400 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €21,822 | €55,221 | +€33,400 | +153% |
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.