SDHS: 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.
SDHS
Largest movements
- Receivables within one year +€46,623
up €46,623 (+340.5%), from €13,694 to €60,316
of which Other amounts receivable: +€40,040
- Tangible fixed assets -€7,672
down €7,672 (-29.3%), from €26,207 to €18,535
- Cash -€3,953
down €3,953 (-8.4%), from €47,134 to €43,181
mainly Receivables within one year (-€46,623) and Tax, wage and social debts (-€6,610)
- Profit (loss) carried forward +€47,702
up €47,702 (+119.0%), from €40,087 to €87,789
- Tax, wage and social debts -€6,610
down €6,610 (-40.2%), from €16,460 to €9,850
- Debts after one year -€6,503
down €6,503 (-32.6%), from €19,917 to €13,414
- Trade debts +€1,582
up €1,582 (+764.2%), from €207 to €1,789
- Gross operating margin +€51,954
up €51,954 (+83.3%), from €62,387 to €114,340
- Financial charges +€42,007
up €42,007 (+1688.6%), from €2,488 to €44,495
- Taxes +€4,120
up €4,120 (+41.8%), from €9,853 to €13,972
- Financial income +€1,199
new in 2025: €1,199
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 | €88,994 | €124,345 | +€35,351 | +39.7% |
| Fixed assets | 21/28 | €28,167 | €20,495 | -€7,672 | -27.2% |
| Tangible fixed assets | 22/27 | €26,207 | €18,535 | -€7,672 | -29.3% |
| Furniture and vehicles | 24 | €26,207 | €18,535 | -€7,672 | -29.3% |
| Financial fixed assets | 28 | €1,960 | €1,960 | = | 0.0% |
| Current assets | 29/58 | €60,827 | €103,850 | +€43,023 | +70.7% |
| Amounts receivable within one year | 40/41 | €13,694 | €60,316 | +€46,623 | +340.5% |
| Trade receivables | 40 | €13,694 | €20,276 | +€6,583 | +48.1% |
| Other amounts receivable | 41 | - | €40,040 | +€40,040 | |
| Cash at bank and in hand | 54/58 | €47,134 | €43,181 | -€3,953 | -8.4% |
| Deferred charges and accrued income | 490/1 | - | €353 | +€353 | |
| Total equity and liabilities | 10/49 | €88,994 | €124,345 | +€35,351 | +39.7% |
| Equity | 10/15 | €45,087 | €92,789 | +€47,702 | +105.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,087 | €87,789 | +€47,702 | +119.0% |
| Amounts payable | 17/49 | €43,907 | €31,556 | -€12,351 | -28.1% |
| Amounts payable after more than one year | 17 | €19,917 | €13,414 | -€6,503 | -32.6% |
| Financial debts | 170/4 | €19,917 | €13,414 | -€6,503 | -32.6% |
| Amounts payable within one year | 42/48 | €23,929 | €18,142 | -€5,787 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €6,797 | €6,503 | -€295 | -4.3% |
| Trade debts | 44 | €207 | €1,789 | +€1,582 | +764.2% |
| Suppliers | 440/4 | €207 | €1,789 | +€1,582 | +764.2% |
| Taxes, remuneration and social security | 45 | €16,460 | €9,850 | -€6,610 | -40.2% |
| Taxes | 450/3 | €16,460 | €9,850 | -€6,610 | -40.2% |
| Other amounts payable | 47/48 | €464 | - | -€464 | |
| Accrued charges and deferred income | 492/3 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,028 | €9,341 | +€312 | +3.5% |
| Other operating charges | 640/8 | €132 | €30 | -€102 | -77.5% |
| Gross operating margin | 9900 | €62,387 | €114,340 | +€51,954 | +83.3% |
| Operating profit (loss) | 9901 | €53,227 | €104,970 | +€51,743 | +97.2% |
| Financial income | 75/76B | - | €1,199 | +€1,199 | |
| Recurring financial income | 75 | - | €1,199 | +€1,199 | |
| Financial charges | 65/66B | €2,488 | €44,495 | +€42,007 | +1688.6% |
| Recurring financial charges | 65 | €2,488 | €44,495 | +€42,007 | +1688.6% |
| Profit (loss) for the period before taxes | 9903 | €50,739 | €61,674 | +€10,935 | +21.6% |
| Income taxes | 67/77 | €9,853 | €13,972 | +€4,120 | +41.8% |
| Profit (loss) for the period | 9904 | €40,886 | €47,702 | +€6,816 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,886 | €47,702 | +€6,816 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.