SDJ: 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.
SDJ
Largest movements
- Cash +€15,916
up €15,916 (+49.2%), from €32,360 to €48,276
mainly Net result for the year (+€15,729) and Other debts (+€1,107)
- Profit (loss) carried forward +€15,729
up €15,729 (+102.7%), from €15,318 to €31,047
- Tax, wage and social debts -€1,124
down €1,124 (-13.4%), from €8,359 to €7,235
- Other debts +€1,107
up €1,107 (+9.3%), from €11,875 to €12,981
- Gross operating margin +€2,232
up €2,232 (+10.4%), from €21,390 to €23,622
- Financial charges +€1,140
up €1,140 (+120.6%), from €945 to €2,085
- Other operating charges +€562
up €562 (+270.6%), from €208 to €770
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 | €40,972 | €56,264 | +€15,291 | +37.3% |
| Fixed assets | 21/28 | €2,483 | €1,938 | -€545 | -22.0% |
| Tangible fixed assets | 22/27 | €2,483 | €1,938 | -€545 | -22.0% |
| Furniture and vehicles | 24 | €2,483 | €1,938 | -€545 | -22.0% |
| Current assets | 29/58 | €38,490 | €54,326 | +€15,836 | +41.1% |
| Amounts receivable within one year | 40/41 | €6,130 | €6,050 | -€80 | -1.3% |
| Trade receivables | 40 | €6,130 | €6,050 | -€80 | -1.3% |
| Cash at bank and in hand | 54/58 | €32,360 | €48,276 | +€15,916 | +49.2% |
| Total equity and liabilities | 10/49 | €40,972 | €56,264 | +€15,291 | +37.3% |
| Equity | 10/15 | €20,318 | €36,047 | +€15,729 | +77.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,318 | €31,047 | +€15,729 | +102.7% |
| Amounts payable | 17/49 | €20,654 | €20,216 | -€438 | -2.1% |
| Amounts payable within one year | 42/48 | €20,654 | €20,216 | -€438 | -2.1% |
| Trade debts | 44 | €421 | €0 | -€421 | -100.0% |
| Suppliers | 440/4 | €421 | €0 | -€421 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,359 | €7,235 | -€1,124 | -13.4% |
| Taxes | 450/3 | €8,359 | €7,235 | -€1,124 | -13.4% |
| Other amounts payable | 47/48 | €11,875 | €12,981 | +€1,107 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619 | €545 | -€74 | -12.0% |
| Other operating charges | 640/8 | €208 | €770 | +€562 | +270.6% |
| Gross operating margin | 9900 | €21,390 | €23,622 | +€2,232 | +10.4% |
| Operating profit (loss) | 9901 | €20,563 | €22,307 | +€1,744 | +8.5% |
| Financial charges | 65/66B | €945 | €2,085 | +€1,140 | +120.6% |
| Recurring financial charges | 65 | €945 | €2,085 | +€1,140 | +120.6% |
| Profit (loss) for the period before taxes | 9903 | €19,618 | €20,223 | +€604 | +3.1% |
| Income taxes | 67/77 | €4,300 | €4,494 | +€194 | +4.5% |
| Profit (loss) for the period | 9904 | €15,318 | €15,729 | +€411 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,318 | €15,729 | +€411 | +2.7% |
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 29 September 2026 via checked.be.