SDenis Consult: 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.
SDenis Consult
Largest movements
- Deferred charges and accrued income -€19,711
down €19,711 (-27.8%), from €70,969 to €51,257
- Cash -€10,566
down €10,566 (-6.8%), from €155,200 to €144,634
mainly Contributions, distributions and other (-€155,000) and Other debts (-€22,180)
- Other debts -€22,180
down €22,180 (-10.7%), from €207,671 to €185,491
- Profit (loss) carried forward -€8,591
down €8,591 (-49.8%), from €17,266 to €8,675
- Gross operating margin -€5,953
down €5,953 (-2.9%), from €204,973 to €199,019
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 | €248,653 | €219,089 | -€29,564 | -11.9% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €248,603 | €219,039 | -€29,564 | -11.9% |
| Amounts receivable within one year | 40/41 | €22,435 | €23,147 | +€713 | +3.2% |
| Trade receivables | 40 | €22,435 | €23,147 | +€713 | +3.2% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €155,200 | €144,634 | -€10,566 | -6.8% |
| Deferred charges and accrued income | 490/1 | €70,969 | €51,257 | -€19,711 | -27.8% |
| Total equity and liabilities | 10/49 | €248,653 | €219,089 | -€29,564 | -11.9% |
| Equity | 10/15 | €22,266 | €13,675 | -€8,591 | -38.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,266 | €8,675 | -€8,591 | -49.8% |
| Amounts payable | 17/49 | €226,387 | €205,414 | -€20,973 | -9.3% |
| Amounts payable within one year | 42/48 | €226,387 | €204,864 | -€21,523 | -9.5% |
| Trade debts | 44 | €748 | €463 | -€285 | -38.1% |
| Suppliers | 440/4 | €748 | €463 | -€285 | -38.1% |
| Taxes, remuneration and social security | 45 | €17,968 | €18,909 | +€941 | +5.2% |
| Taxes | 450/3 | €15,468 | €18,909 | +€3,441 | +22.2% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €207,671 | €185,491 | -€22,180 | -10.7% |
| Accrued charges and deferred income | 492/3 | €0 | €551 | +€551 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Other operating charges | 640/8 | €4,902 | €4,890 | -€12 | -0.2% |
| Gross operating margin | 9900 | €204,973 | €199,019 | -€5,953 | -2.9% |
| Operating profit (loss) | 9901 | €200,070 | €194,129 | -€5,941 | -3.0% |
| Financial income | 75/76B | €162 | €135 | -€27 | -16.8% |
| Recurring financial income | 75 | €162 | €135 | -€27 | -16.8% |
| Financial charges | 65/66B | €2,389 | €2,501 | +€112 | +4.7% |
| Recurring financial charges | 65 | €2,389 | €2,501 | +€112 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €197,844 | €191,764 | -€6,080 | -3.1% |
| Income taxes | 67/77 | €46,469 | €45,355 | -€1,114 | -2.4% |
| Profit (loss) for the period | 9904 | €151,374 | €146,409 | -€4,966 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,374 | €146,409 | -€4,966 | -3.3% |
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 26 October 2026 via checked.be.