SDG: 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.
SDG
Largest movements
- Receivables within one year -€21,578
down €21,578 (-10.8%), from €199,526 to €177,948
of which Trade receivables: -€19,419
- Tangible fixed assets -€13,478
down €13,478 (-28.2%), from €47,736 to €34,258
- Deferred charges and accrued income +€2,802
up €2,802 (+672.5%), from €417 to €3,219
- Profit (loss) carried forward -€48,340
down €48,340 (-41.5%), from €116,433 to €68,093
- Other debts +€45,000
up €45,000 (+150.0%), from €30,000 to €75,000
- Debts after one year -€9,844
down €9,844 (-31.7%), from €31,076 to €21,233
- Tax, wage and social debts -€7,192
down €7,192 (-32.2%), from €22,355 to €15,163
- Trade debts -€6,800
down €6,800 (-18.2%), from €37,452 to €30,652
- Gross operating margin +€11,819
up €11,819 (+35.7%), from €33,120 to €44,939
- Depreciation -€5,667
down €5,667 (-29.6%), from €19,145 to €13,478
- Taxes +€4,298
up €4,298 (+90.9%), from €4,730 to €9,027
- Financial charges -€940
down €940 (-32.3%), from €2,914 to €1,973
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 | €252,456 | €222,485 | -€29,971 | -11.9% |
| Fixed assets | 21/28 | €47,736 | €34,258 | -€13,478 | -28.2% |
| Tangible fixed assets | 22/27 | €47,736 | €34,258 | -€13,478 | -28.2% |
| Land and buildings | 22 | €32,678 | €27,695 | -€4,983 | -15.2% |
| Plant, machinery and equipment | 23 | €3,608 | €1,058 | -€2,550 | -70.7% |
| Furniture and vehicles | 24 | €11,451 | €5,506 | -€5,945 | -51.9% |
| Current assets | 29/58 | €204,720 | €188,226 | -€16,493 | -8.1% |
| Amounts receivable within one year | 40/41 | €199,526 | €177,948 | -€21,578 | -10.8% |
| Trade receivables | 40 | €71,624 | €52,204 | -€19,419 | -27.1% |
| Other amounts receivable | 41 | €127,903 | €125,744 | -€2,159 | -1.7% |
| Cash at bank and in hand | 54/58 | €4,777 | €7,059 | +€2,283 | +47.8% |
| Deferred charges and accrued income | 490/1 | €417 | €3,219 | +€2,802 | +672.5% |
| Total equity and liabilities | 10/49 | €252,456 | €222,485 | -€29,971 | -11.9% |
| Equity | 10/15 | €118,933 | €70,593 | -€48,340 | -40.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,433 | €68,093 | -€48,340 | -41.5% |
| Amounts payable | 17/49 | €133,523 | €151,892 | +€18,369 | +13.8% |
| Amounts payable after more than one year | 17 | €31,076 | €21,233 | -€9,844 | -31.7% |
| Financial debts | 170/4 | €31,076 | €21,233 | -€9,844 | -31.7% |
| Amounts payable within one year | 42/48 | €102,446 | €130,659 | +€28,212 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €12,640 | €9,844 | -€2,796 | -22.1% |
| Trade debts | 44 | €37,452 | €30,652 | -€6,800 | -18.2% |
| Suppliers | 440/4 | €37,452 | €30,652 | -€6,800 | -18.2% |
| Taxes, remuneration and social security | 45 | €22,355 | €15,163 | -€7,192 | -32.2% |
| Taxes | 450/3 | €22,355 | €15,163 | -€7,192 | -32.2% |
| Other amounts payable | 47/48 | €30,000 | €75,000 | +€45,000 | +150.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,145 | €13,478 | -€5,667 | -29.6% |
| Other operating charges | 640/8 | €621 | €935 | +€314 | +50.6% |
| Gross operating margin | 9900 | €33,120 | €44,939 | +€11,819 | +35.7% |
| Operating profit (loss) | 9901 | €13,354 | €30,526 | +€17,172 | +128.6% |
| Financial income | 75/76B | €6,785 | €7,135 | +€349 | +5.1% |
| Recurring financial income | 75 | €6,785 | €7,135 | +€349 | +5.1% |
| Financial charges | 65/66B | €2,914 | €1,973 | -€940 | -32.3% |
| Recurring financial charges | 65 | €2,914 | €1,973 | -€940 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €17,226 | €35,687 | +€18,461 | +107.2% |
| Income taxes | 67/77 | €4,730 | €9,027 | +€4,298 | +90.9% |
| Profit (loss) for the period | 9904 | €12,496 | €26,660 | +€14,164 | +113.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,496 | €26,660 | +€14,164 | +113.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.