SDE: 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.
SDE
Largest movements
- Receivables within one year +€18,385
up €18,385 (+19.4%), from €94,887 to €113,272
of which Other amounts receivable: +€18,357
- Reserves +€13,476
up €13,476 (+37.1%), from €36,291 to €49,767
of which Distributable reserves: +€13,476
- Tax, wage and social debts +€8,224
up €8,224 (+137.5%), from €5,983 to €14,207
- Trade debts -€3,442
down €3,442 (-54.5%), from €6,316 to €2,874
- Turnover -€49,686
no longer reported in 2025 (was €49,686)
- Purchases and services -€42,634
no longer reported in 2025 (was €42,634)
- Gross operating margin +€9,391
up €9,391 (+107.1%), from €8,766 to €18,157
- Taxes +€4,035
up €4,035 (+116.0%), from €3,479 to €7,514
- Financial income +€1,402
up €1,402 (+29.0%), from €4,831 to €6,232
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 | €97,950 | €116,074 | +€18,124 | +18.5% |
| Fixed assets | 21/28 | €2,660 | €1,933 | -€728 | -27.4% |
| Tangible fixed assets | 22/27 | €2,660 | €1,933 | -€728 | -27.4% |
| Furniture and vehicles | 24 | €2,260 | €1,577 | -€683 | -30.2% |
| Other tangible fixed assets | 26 | €401 | €356 | -€45 | -11.1% |
| Current assets | 29/58 | €95,290 | €114,141 | +€18,851 | +19.8% |
| Amounts receivable within one year | 40/41 | €94,887 | €113,272 | +€18,385 | +19.4% |
| Trade receivables | 40 | €1,230 | €1,258 | +€28 | +2.3% |
| Other amounts receivable | 41 | €93,657 | €112,014 | +€18,357 | +19.6% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €403 | €869 | +€466 | +115.8% |
| Total equity and liabilities | 10/49 | €97,950 | €116,074 | +€18,124 | +18.5% |
| Equity | 10/15 | €79,979 | €93,455 | +€13,476 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,291 | €49,767 | +€13,476 | +37.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,431 | €47,907 | +€13,476 | +39.1% |
| Profit (loss) carried forward | 14 | €37,488 | €37,488 | = | 0.0% |
| Amounts payable | 17/49 | €17,971 | €22,619 | +€4,648 | +25.9% |
| Amounts payable within one year | 42/48 | €17,971 | €22,619 | +€4,648 | +25.9% |
| Financial debts | 43 | €5,672 | €5,538 | -€134 | -2.4% |
| Credit institutions | 430/8 | €5,672 | €5,538 | -€134 | -2.4% |
| Trade debts | 44 | €6,316 | €2,874 | -€3,442 | -54.5% |
| Suppliers | 440/4 | €6,316 | €2,874 | -€3,442 | -54.5% |
| Taxes, remuneration and social security | 45 | €5,983 | €14,207 | +€8,224 | +137.5% |
| Taxes | 450/3 | €5,983 | €14,207 | +€8,224 | +137.5% |
| Turnover | 70 | €49,686 | - | -€49,686 | |
| Goods, raw materials, services and sundry goods | 60/61 | €42,634 | - | -€42,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €728 | -€159 | -17.9% |
| Other operating charges | 640/8 | €1,035 | €210 | -€826 | -79.8% |
| Gross operating margin | 9900 | €8,766 | €18,157 | +€9,391 | +107.1% |
| Operating profit (loss) | 9901 | €6,844 | €17,220 | +€10,375 | +151.6% |
| Financial income | 75/76B | €4,831 | €6,232 | +€1,402 | +29.0% |
| Recurring financial income | 75 | €4,831 | €6,232 | +€1,402 | +29.0% |
| Financial charges | 65/66B | €2,450 | €2,462 | +€13 | +0.5% |
| Recurring financial charges | 65 | €2,450 | €2,462 | +€13 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €9,225 | €20,990 | +€11,764 | +127.5% |
| Income taxes | 67/77 | €3,479 | €7,514 | +€4,035 | +116.0% |
| Profit (loss) for the period | 9904 | €5,746 | €13,476 | +€7,730 | +134.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,746 | €13,476 | +€7,730 | +134.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.