SDD DELEU: 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.
SDD DELEU
Largest movements
- Receivables within one year +€9,145
up €9,145 (+107%), from €8,539 to €17,684
of which Trade receivables: +€12,687
- Current investments +€7,000
up €7,000 (+100%), from €7,000 to €14,000
- Cash +€5,606
up €5,606 (+16.7%), from €33,473 to €39,079
mainly Net result for the year (+€23,539) and Other debts (+€13,930)
- Tangible fixed assets -€3,599
down €3,599 (-9.5%), from €37,866 to €34,267
of which Land and buildings: -€1,957
- Stocks and contracts -€1,945
down €1,945 (-67.3%), from €2,888 to €943
- Other debts +€13,930
up €13,930 (+99.1%), from €14,052 to €27,982
- Tax, wage and social debts +€7,256
up €7,256 (+2,318%), from €313 to €7,569
of which Taxes: +€5,012
- Reserves -€2,748
down €2,748 (-7.1%), from €38,859 to €36,111
- Current portion of long-term debt -€1,224
no longer reported in 2025 (was €1,224)
- Gross operating margin +€35,346
up €35,346 (+51.1%), from €69,187 to €104,533
- Financial income -€14,280
down €14,280 (-93.3%), from €15,300 to €1,020
of which Non-recurring financial income: -€15,000
- Taxes +€6,767
up €6,767 (+168%), from €4,021 to €10,788
- Staff costs +€2,320
up €2,320 (+3.7%), from €62,735 to €65,055
- Depreciation -€1,419
down €1,419 (-28.3%), from €5,018 to €3,599
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 | €89,766 | €105,973 | +€16,207 | +18.1% |
| Fixed assets | 21/28 | €37,866 | €34,267 | -€3,599 | -9.5% |
| Tangible fixed assets | 22/27 | €37,866 | €34,267 | -€3,599 | -9.5% |
| Land and buildings | 22 | €32,119 | €30,162 | -€1,957 | -6.1% |
| Plant, machinery and equipment | 23 | €3,709 | €3,513 | -€196 | -5.3% |
| Furniture and vehicles | 24 | €2,038 | €592 | -€1,446 | -71.0% |
| Current assets | 29/58 | €51,900 | €71,706 | +€19,806 | +38.2% |
| Stocks and contracts in progress | 3 | €2,888 | €943 | -€1,945 | -67.3% |
| Stocks | 30/36 | €2,888 | €943 | -€1,945 | -67.3% |
| Amounts receivable within one year | 40/41 | €8,539 | €17,684 | +€9,145 | +107% |
| Trade receivables | 40 | €3,929 | €16,616 | +€12,687 | +323% |
| Other amounts receivable | 41 | €4,610 | €1,068 | -€3,542 | -76.8% |
| Current investments | 50/53 | €7,000 | €14,000 | +€7,000 | +100% |
| Cash at bank and in hand | 54/58 | €33,473 | €39,079 | +€5,606 | +16.7% |
| Total equity and liabilities | 10/49 | €89,766 | €105,973 | +€16,207 | +18.1% |
| Equity | 10/15 | €69,859 | €67,111 | -€2,748 | -3.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €38,859 | €36,111 | -€2,748 | -7.1% |
| Distributable reserves | 133 | €38,859 | €36,111 | -€2,748 | -7.1% |
| Amounts payable | 17/49 | €19,907 | €38,862 | +€18,955 | +95.2% |
| Amounts payable within one year | 42/48 | €19,907 | €38,862 | +€18,955 | +95.2% |
| Current portion of amounts payable after more than one year | 42 | €1,224 | - | -€1,224 | |
| Trade debts | 44 | €4,318 | €3,311 | -€1,007 | -23.3% |
| Suppliers | 440/4 | €4,318 | €3,311 | -€1,007 | -23.3% |
| Taxes, remuneration and social security | 45 | €313 | €7,569 | +€7,256 | +2,318% |
| Taxes | 450/3 | €313 | €5,325 | +€5,012 | +1,601% |
| Remuneration and social security | 454/9 | - | €2,244 | +€2,244 | |
| Other amounts payable | 47/48 | €14,052 | €27,982 | +€13,930 | +99.1% |
| Remuneration, social security and pensions | 62 | €62,735 | €65,055 | +€2,320 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,018 | €3,599 | -€1,419 | -28.3% |
| Other operating charges | 640/8 | €1,711 | €2,274 | +€563 | +32.9% |
| Gross operating margin | 9900 | €69,187 | €104,533 | +€35,346 | +51.1% |
| Operating profit (loss) | 9901 | -€277 | €33,605 | +€33,882 | |
| Financial income | 75/76B | €15,300 | €1,020 | -€14,280 | -93.3% |
| Recurring financial income | 75 | €300 | €1,020 | +€720 | +240% |
| Non-recurring financial income | 76B | €15,000 | - | -€15,000 | |
| Financial charges | 65/66B | €465 | €298 | -€167 | -35.9% |
| Recurring financial charges | 65 | €465 | €298 | -€167 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €14,558 | €34,327 | +€19,769 | +136% |
| Income taxes | 67/77 | €4,021 | €10,788 | +€6,767 | +168% |
| Profit (loss) for the period | 9904 | €10,537 | €23,539 | +€13,002 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €10,537 | €23,539 | +€13,002 | +123% |
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 14 October 2026 via checked.be.