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SDIG: 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.

What changed

SDIG

BE 1000.468.787
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36,935
2024 · €588+€36,346
Equity
€44,647
2024 · €7,712+€36,935
Cash
€4,688
2024 · €7,961-€3,273
Balance sheet total
€510,729
2024 · €22,961+€487,768

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€462,577

    new in 2025: €462,577

  • Tangible fixed assets +€22,514

    new in 2025: €22,514

Equity and liabilities
  • Debts after one year +€397,976

    new in 2025: €397,976

    of which Other amounts payable: +€203,829

  • Reserves +€36,647

    new in 2025: €36,647

  • Advances received +€30,000

    new in 2025: €30,000

  • Current portion of long-term debt +€12,576

    new in 2025: €12,576

  • Tax, wage and social debts +€9,380

    new in 2025: €9,380

Income statement
  • Gross operating margin +€58,734

    up €58,734 (+3039.8%), from €1,932 to €60,666

  • Financial charges +€12,657

    up €12,657 (+27220.4%), from €47 to €12,704

  • Taxes +€9,380

    new in 2025: €9,380

  • Depreciation +€1,319

    new in 2025: €1,319

  • Other operating charges -€970

    down €970 (-74.7%), from €1,297 to €328

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €588
Gross operating margin +€58,734
Depreciation -€1,319
Other operating charges +€970
Financial charges -€12,657
Taxes -€9,380
Result 2025 €36,935

Cash bridge derived

cash 2024 to 2025

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.

From operations -€389,993
Investment -€23,833
Financing +€410,552
Cash 2024 €7,961
Net result for the year +€36,935
Depreciation +€1,319
Stocks and contracts -€462,577
Receivables within one year -€5,000
Smaller working-capital items -€50
Tax, wage and social debts +€9,380
Advances received +€30,000
Investment in fixed assets (net) -€23,833
Debts after one year +€397,976
Current portion of long-term debt +€12,576
Cash 2025 €4,688
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €22,961 €510,729 +€487,768 +2124.3%
Fixed assets 21/28 - €22,514 +€22,514
Tangible fixed assets 22/27 - €22,514 +€22,514
Furniture and vehicles 24 - €22,514 +€22,514
Current assets 29/58 €22,961 €488,215 +€465,254 +2026.3%
Stocks and contracts in progress 3 - €462,577 +€462,577
Stocks 30/36 - €462,577 +€462,577
Amounts receivable within one year 40/41 €15,000 €20,000 +€5,000 +33.3%
Trade receivables 40 €15,000 €20,000 +€5,000 +33.3%
Cash at bank and in hand 54/58 €7,961 €4,688 -€3,273 -41.1%
Deferred charges and accrued income 490/1 - €950 +€950
Total equity and liabilities 10/49 €22,961 €510,729 +€487,768 +2124.3%
Equity 10/15 €7,712 €44,647 +€36,935 +478.9%
Contributions 10/11 €8,000 €8,000 = 0.0%
Reserves 13 - €36,647 +€36,647
Distributable reserves 133 - €36,647 +€36,647
Profit (loss) carried forward 14 -€288 - +€288
Amounts payable 17/49 €15,249 €466,082 +€450,833 +2956.5%
Amounts payable after more than one year 17 - €397,976 +€397,976
Financial debts 170/4 - €194,147 +€194,147
Other amounts payable 178/9 - €203,829 +€203,829
Amounts payable within one year 42/48 €15,249 €68,106 +€52,857 +346.6%
Current portion of amounts payable after more than one year 42 - €12,576 +€12,576
Trade debts 44 - €541 +€541
Suppliers 440/4 - €541 +€541
Advances received on contracts in progress 46 - €30,000 +€30,000
Taxes, remuneration and social security 45 - €9,380 +€9,380
Taxes 450/3 - €9,380 +€9,380
Other amounts payable 47/48 €15,249 €15,608 +€360 +2.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €1,319 +€1,319
Other operating charges 640/8 €1,297 €328 -€970 -74.7%
Gross operating margin 9900 €1,932 €60,666 +€58,734 +3039.8%
Operating profit (loss) 9901 €635 €59,019 +€58,384 +9196.1%
Financial charges 65/66B €47 €12,704 +€12,657 +27220.4%
Recurring financial charges 65 €47 €12,704 +€12,657 +27220.4%
Profit (loss) for the period before taxes 9903 €588 €46,315 +€45,727 +7771.6%
Income taxes 67/77 - €9,380 +€9,380
Profit (loss) for the period 9904 €588 €36,935 +€36,346 +6177.4%
Profit (loss) for the period to be appropriated 9905 €588 €36,935 +€36,346 +6177.4%

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 29 September 2026 via checked.be.