SDEW Consult: 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.
SDEW Consult
Largest movements
- Receivables within one year -€100,391
down €100,391 (-100.0%), from €100,428 to €37
- Cash +€12,323
up €12,323 (+37.7%), from €32,643 to €44,966
mainly Receivables within one year (+€100,391) and Net result for the year (+€11,853)
- Reserves -€88,147
down €88,147 (-73.4%), from €120,120 to €31,973
of which Distributable reserves: -€88,147
- Gross operating margin -€9,281
down €9,281 (-39.9%), from €23,283 to €14,003
- Financial income -€2,351
down €2,351 (-39.2%), from €6,000 to €3,649
- Taxes -€2,086
down €2,086 (-29.6%), from €7,049 to €4,963
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 | €143,373 | €55,317 | -€88,056 | -61.4% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €133,373 | €45,317 | -€88,056 | -66.0% |
| Amounts receivable within one year | 40/41 | €100,428 | €37 | -€100,391 | -100.0% |
| Other amounts receivable | 41 | €100,428 | €37 | -€100,391 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,643 | €44,966 | +€12,323 | +37.7% |
| Deferred charges and accrued income | 490/1 | €302 | €314 | +€12 | +3.9% |
| Total equity and liabilities | 10/49 | €143,373 | €55,317 | -€88,056 | -61.4% |
| Equity | 10/15 | €138,720 | €50,573 | -€88,147 | -63.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,120 | €31,973 | -€88,147 | -73.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €120,120 | €31,973 | -€88,147 | -73.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,652 | €4,743 | +€91 | +2.0% |
| Amounts payable within one year | 42/48 | €4,652 | €4,743 | +€91 | +2.0% |
| Trade debts | 44 | €334 | €379 | +€46 | +13.7% |
| Suppliers | 440/4 | €334 | €379 | +€46 | +13.7% |
| Taxes, remuneration and social security | 45 | €4,319 | €4,364 | +€45 | +1.0% |
| Taxes | 450/3 | €4,319 | €4,364 | +€45 | +1.0% |
| Other operating charges | 640/8 | €903 | €766 | -€137 | -15.2% |
| Gross operating margin | 9900 | €23,283 | €14,003 | -€9,281 | -39.9% |
| Operating profit (loss) | 9901 | €22,380 | €13,237 | -€9,143 | -40.9% |
| Financial income | 75/76B | €6,000 | €3,649 | -€2,351 | -39.2% |
| Recurring financial income | 75 | €6,000 | €3,649 | -€2,351 | -39.2% |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €28,311 | €16,816 | -€11,496 | -40.6% |
| Income taxes | 67/77 | €7,049 | €4,963 | -€2,086 | -29.6% |
| Profit (loss) for the period | 9904 | €21,262 | €11,853 | -€9,410 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,262 | €11,853 | -€9,410 | -44.3% |
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 4 October 2026 via checked.be.