SDD-Tech: 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.
SDD-Tech
Largest movements
- Receivables within one year +€60,926
up €60,926 (+112.5%), from €54,154 to €115,080
of which Trade receivables: +€60,926
- Cash +€44,923
up €44,923 (+297.2%), from €15,114 to €60,037
mainly Net result for the year (+€46,094) and Advances received (+€32,150)
- Tangible fixed assets -€23,334
down €23,334 (-6.0%), from €387,824 to €364,490
of which Land and buildings: -€19,116
- Stocks and contracts -€7,352
down €7,352 (-22.2%), from €33,066 to €25,714
- Reserves +€47,954
up €47,954 (+56.0%), from €85,693 to €133,648
of which Distributable reserves: +€47,954
- Advances received +€32,150
new in 2025: €32,150
- Debts after one year -€29,980
down €29,980 (-18.7%), from €159,922 to €129,942
- Short-term financial debts +€23,151
up €23,151 (+15.7%), from €147,304 to €170,455
- Trade debts +€12,683
up €12,683 (+59.7%), from €21,248 to €33,930
- Gross operating margin +€32,487
up €32,487 (+39.2%), from €82,956 to €115,443
- Taxes +€10,851
up €10,851 (+563.7%), from €1,925 to €12,776
- Financial charges -€5,206
down €5,206 (-18.0%), from €28,846 to €23,640
of which Financial charges: -€4,787
- Depreciation -€1,782
down €1,782 (-6.1%), from €29,316 to €27,535
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 | €495,818 | €572,013 | +€76,195 | +15.4% |
| Fixed assets | 21/28 | €387,944 | €364,610 | -€23,334 | -6.0% |
| Tangible fixed assets | 22/27 | €387,824 | €364,490 | -€23,334 | -6.0% |
| Land and buildings | 22 | €378,017 | €358,901 | -€19,116 | -5.1% |
| Plant, machinery and equipment | 23 | €3,801 | €2,382 | -€1,419 | -37.3% |
| Furniture and vehicles | 24 | €1,983 | €3,207 | +€1,224 | +61.7% |
| Leasing and similar rights | 25 | €4,023 | - | -€4,023 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €107,874 | €207,403 | +€99,529 | +92.3% |
| Stocks and contracts in progress | 3 | €33,066 | €25,714 | -€7,352 | -22.2% |
| Stocks | 30/36 | €33,066 | €25,714 | -€7,352 | -22.2% |
| Amounts receivable within one year | 40/41 | €54,154 | €115,080 | +€60,926 | +112.5% |
| Trade receivables | 40 | €54,131 | €115,057 | +€60,926 | +112.6% |
| Other amounts receivable | 41 | €23 | €23 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €15,114 | €60,037 | +€44,923 | +297.2% |
| Deferred charges and accrued income | 490/1 | €5,540 | €6,572 | +€1,032 | +18.6% |
| Total equity and liabilities | 10/49 | €495,818 | €572,013 | +€76,195 | +15.4% |
| Equity | 10/15 | €106,153 | €152,248 | +€46,094 | +43.4% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €85,693 | €133,648 | +€47,954 | +56.0% |
| Tax-exempt reserves | 132 | €26,264 | €26,264 | = | 0.0% |
| Distributable reserves | 133 | €59,430 | €107,384 | +€47,954 | +80.7% |
| Amounts payable | 17/49 | €389,665 | €419,765 | +€30,100 | +7.7% |
| Amounts payable after more than one year | 17 | €159,922 | €129,942 | -€29,980 | -18.7% |
| Financial debts | 170/4 | €159,922 | €129,942 | -€29,980 | -18.7% |
| Amounts payable within one year | 42/48 | €228,567 | €289,347 | +€60,779 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €32,076 | €29,206 | -€2,870 | -8.9% |
| Financial debts | 43 | €147,304 | €170,455 | +€23,151 | +15.7% |
| Credit institutions | 430/8 | €147,304 | €170,455 | +€23,151 | +15.7% |
| Trade debts | 44 | €21,248 | €33,930 | +€12,683 | +59.7% |
| Suppliers | 440/4 | €21,248 | €33,930 | +€12,683 | +59.7% |
| Advances received on contracts in progress | 46 | - | €32,150 | +€32,150 | |
| Taxes, remuneration and social security | 45 | €13,266 | €17,608 | +€4,342 | +32.7% |
| Taxes | 450/3 | €13,266 | €17,608 | +€4,342 | +32.7% |
| Other amounts payable | 47/48 | €14,674 | €5,998 | -€8,676 | -59.1% |
| Accrued charges and deferred income | 492/3 | €1,175 | €476 | -€699 | -59.5% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,316 | €27,535 | -€1,782 | -6.1% |
| Other operating charges | 640/8 | €5,028 | €5,420 | +€392 | +7.8% |
| Gross operating margin | 9900 | €82,956 | €115,443 | +€32,487 | +39.2% |
| Operating profit (loss) | 9901 | €48,612 | €82,489 | +€33,877 | +69.7% |
| Financial income | 75/76B | €16 | €22 | +€6 | +34.2% |
| Recurring financial income | 75 | €16 | €22 | +€6 | +34.2% |
| Financial charges | 65/66B | €28,846 | €23,640 | -€5,206 | -18.0% |
| Recurring financial charges | 65 | €28,427 | €23,640 | -€4,787 | -16.8% |
| Non-recurring financial charges | 66B | €419 | €0 | -€419 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €19,782 | €58,871 | +€39,088 | +197.6% |
| Income taxes | 67/77 | €1,925 | €12,776 | +€10,851 | +563.7% |
| Profit (loss) for the period | 9904 | €17,857 | €46,094 | +€28,237 | +158.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,857 | €46,094 | +€28,237 | +158.1% |
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 7 October 2026 via checked.be.