SDI BUILD: 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.
SDI BUILD
Largest movements
- Receivables within one year -€58,611
down €58,611 (-12.1%), from €484,458 to €425,847
of which Other amounts receivable: -€29,566
- Tangible fixed assets -€15,048
down €15,048 (-28.1%), from €53,615 to €38,566
- Other debts -€30,000
down €30,000 (-50.0%), from €60,000 to €30,000
- Trade debts -€29,828
down €29,828 (-14.7%), from €203,367 to €173,539
- Tax, wage and social debts +€26,101
new in 2025: €26,101
of which Taxes: +€18,000
- Profit (loss) carried forward -€25,093
down €25,093 (-10.8%), from €233,311 to €208,218
- Debts after one year -€9,854
down €9,854 (-38.6%), from €25,532 to €15,678
- Gross operating margin -€171,173
down €171,173 (-69.1%), from €247,653 to €76,480
- Staff costs +€34,978
new in 2025: €34,978
- Financial charges -€5,448
down €5,448 (-57.8%), from €9,429 to €3,981
- Depreciation +€4,349
up €4,349 (+24.8%), from €17,541 to €21,890
- Taxes +€4,098
up €4,098 (+69.4%), from €5,902 to €10,000
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 | €544,005 | €473,163 | -€70,842 | -13.0% |
| Fixed assets | 21/28 | €53,615 | €38,566 | -€15,048 | -28.1% |
| Tangible fixed assets | 22/27 | €53,615 | €38,566 | -€15,048 | -28.1% |
| Furniture and vehicles | 24 | €53,615 | €38,566 | -€15,048 | -28.1% |
| Current assets | 29/58 | €490,390 | €434,597 | -€55,793 | -11.4% |
| Amounts receivable within one year | 40/41 | €484,458 | €425,847 | -€58,611 | -12.1% |
| Trade receivables | 40 | €406,077 | €377,032 | -€29,044 | -7.2% |
| Other amounts receivable | 41 | €78,381 | €48,815 | -€29,566 | -37.7% |
| Cash at bank and in hand | 54/58 | €4,832 | €4,839 | +€6 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,100 | €3,911 | +€2,811 | +255% |
| Total equity and liabilities | 10/49 | €544,005 | €473,163 | -€70,842 | -13.0% |
| Equity | 10/15 | €241,371 | €216,278 | -€25,093 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,311 | €208,218 | -€25,093 | -10.8% |
| Amounts payable | 17/49 | €302,635 | €256,886 | -€45,749 | -15.1% |
| Amounts payable after more than one year | 17 | €25,532 | €15,678 | -€9,854 | -38.6% |
| Financial debts | 170/4 | €25,532 | €15,678 | -€9,854 | -38.6% |
| Amounts payable within one year | 42/48 | €277,103 | €241,207 | -€35,895 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €13,736 | €11,567 | -€2,169 | -15.8% |
| Trade debts | 44 | €203,367 | €173,539 | -€29,828 | -14.7% |
| Suppliers | 440/4 | €203,367 | €173,539 | -€29,828 | -14.7% |
| Taxes, remuneration and social security | 45 | - | €26,101 | +€26,101 | |
| Taxes | 450/3 | - | €18,000 | +€18,000 | |
| Remuneration and social security | 454/9 | - | €8,101 | +€8,101 | |
| Other amounts payable | 47/48 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Remuneration, social security and pensions | 62 | - | €34,978 | +€34,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,541 | €21,890 | +€4,349 | +24.8% |
| Other operating charges | 640/8 | €418 | €764 | +€346 | +82.7% |
| Gross operating margin | 9900 | €247,653 | €76,480 | -€171,173 | -69.1% |
| Operating profit (loss) | 9901 | €229,694 | €18,849 | -€210,846 | -91.8% |
| Financial income | 75/76B | €200 | €39 | -€161 | -80.5% |
| Recurring financial income | 75 | €200 | €39 | -€161 | -80.5% |
| Financial charges | 65/66B | €9,429 | €3,981 | -€5,448 | -57.8% |
| Recurring financial charges | 65 | €9,429 | €3,981 | -€5,448 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €220,465 | €14,907 | -€205,558 | -93.2% |
| Income taxes | 67/77 | €5,902 | €10,000 | +€4,098 | +69.4% |
| Profit (loss) for the period | 9904 | €214,563 | €4,907 | -€209,656 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €214,563 | €4,907 | -€209,656 | -97.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.