SDECK MANAGEMENT: 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.
SDECK MANAGEMENT
Largest movements
- Cash +€12,158
up €12,158 (+221%), from €5,513 to €17,671
mainly Net result for the year (+€19,256) and Depreciation (+€7,816)
- Tangible fixed assets -€6,414
down €6,414 (-19.8%), from €32,359 to €25,945
of which Other tangible fixed assets: -€3,213
- Receivables within one year -€3,314
down €3,314 (-29.3%), from €11,298 to €7,984
of which Trade receivables: -€11,298
- Deferred charges and accrued income -€2,200
down €2,200 (-25.8%), from €8,524 to €6,324
- Other debts -€5,096
no longer reported in 2025 (was €5,096)
- Tax, wage and social debts +€3,921
up €3,921 (+33.6%), from €11,661 to €15,582
- Profit (loss) carried forward +€3,409
no longer reported in 2025 (was -€3,409)
- Debts after one year -€2,274
down €2,274 (-8.2%), from €27,619 to €25,346
- Short-term financial debts +€1,011
new in 2025: €1,011
- Gross operating margin +€17,478
up €17,478 (+83.6%), from €20,898 to €38,376
- Taxes +€3,423
up €3,423 (+119%), from €2,880 to €6,304
- Financial charges +€502
up €502 (+17.3%), from €2,900 to €3,403
- Depreciation -€470
down €470 (-5.7%), from €8,286 to €7,816
- Other operating charges +€414
up €414 (+33.8%), from €1,226 to €1,640
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 | €57,694 | €57,924 | +€230 | +0.4% |
| Fixed assets | 21/28 | €32,359 | €25,945 | -€6,414 | -19.8% |
| Tangible fixed assets | 22/27 | €32,359 | €25,945 | -€6,414 | -19.8% |
| Furniture and vehicles | 24 | €7,712 | €4,511 | -€3,201 | -41.5% |
| Other tangible fixed assets | 26 | €24,647 | €21,434 | -€3,213 | -13.0% |
| Current assets | 29/58 | €25,336 | €31,979 | +€6,644 | +26.2% |
| Amounts receivable within one year | 40/41 | €11,298 | €7,984 | -€3,314 | -29.3% |
| Trade receivables | 40 | €11,298 | - | -€11,298 | |
| Other amounts receivable | 41 | - | €7,984 | +€7,984 | |
| Cash at bank and in hand | 54/58 | €5,513 | €17,671 | +€12,158 | +221% |
| Deferred charges and accrued income | 490/1 | €8,524 | €6,324 | -€2,200 | -25.8% |
| Total equity and liabilities | 10/49 | €57,694 | €57,924 | +€230 | +0.4% |
| Equity | 10/15 | €9,043 | €12,452 | +€3,409 | +37.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,452 | €10,452 | = | 0.0% |
| Distributable reserves | 133 | €10,452 | €10,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,409 | - | +€3,409 | |
| Amounts payable | 17/49 | €48,651 | €45,472 | -€3,180 | -6.5% |
| Amounts payable after more than one year | 17 | €27,619 | €25,346 | -€2,274 | -8.2% |
| Financial debts | 170/4 | €27,619 | €25,346 | -€2,274 | -8.2% |
| Amounts payable within one year | 42/48 | €21,032 | €20,126 | -€906 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €2,237 | €2,274 | +€37 | +1.6% |
| Financial debts | 43 | - | €1,011 | +€1,011 | |
| Other loans | 439 | - | €1,011 | +€1,011 | |
| Trade debts | 44 | €2,037 | €1,259 | -€778 | -38.2% |
| Suppliers | 440/4 | €2,037 | €1,259 | -€778 | -38.2% |
| Taxes, remuneration and social security | 45 | €11,661 | €15,582 | +€3,921 | +33.6% |
| Taxes | 450/3 | €11,661 | €15,582 | +€3,921 | +33.6% |
| Other amounts payable | 47/48 | €5,096 | - | -€5,096 | |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,286 | €7,816 | -€470 | -5.7% |
| Other operating charges | 640/8 | €1,226 | €1,640 | +€414 | +33.8% |
| Gross operating margin | 9900 | €20,898 | €38,376 | +€17,478 | +83.6% |
| Operating profit (loss) | 9901 | €11,387 | €28,920 | +€17,533 | +154% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €2,900 | €3,403 | +€502 | +17.3% |
| Recurring financial charges | 65 | €2,900 | €3,403 | +€502 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €8,486 | €25,560 | +€17,074 | +201% |
| Income taxes | 67/77 | €2,880 | €6,304 | +€3,423 | +119% |
| Profit (loss) for the period | 9904 | €5,606 | €19,256 | +€13,650 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €5,606 | €19,256 | +€13,650 | +243% |
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.