SDK Consult: 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.
SDK Consult
Largest movements
- Tangible fixed assets +€43,422
up €43,422 (+3087.8%), from €1,406 to €44,828
of which Land and buildings: +€44,475
- Cash -€13,569
down €13,569 (-14.1%), from €96,180 to €82,610
mainly Other debts (-€82,340) and Tax, wage and social debts (-€58,779)
- Receivables within one year -€5,014
down €5,014 (-7.2%), from €69,671 to €64,657
of which Other amounts receivable: -€24,934
- Profit (loss) carried forward +€105,065
up €105,065, from €0 to €105,065
- Other debts -€82,340
down €82,340 (-100.0%), from €82,340 to €0
- Tax, wage and social debts -€58,779
down €58,779 (-76.4%), from €76,966 to €18,187
- Debts after one year +€36,286
new in 2025: €36,286
- Trade debts +€15,476
up €15,476 (+495.5%), from €3,124 to €18,600
- Gross operating margin +€43,173
up €43,173 (+43.6%), from €98,937 to €142,111
- Taxes +€7,167
up €7,167 (+30.9%), from €23,198 to €30,365
- Financial income -€6,937
down €6,937 (-78.8%), from €8,802 to €1,864
- Other operating charges +€6,527
up €6,527 (+1346.2%), from €485 to €7,012
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 | €167,533 | €192,645 | +€25,112 | +15.0% |
| Fixed assets | 21/28 | €1,406 | €44,828 | +€43,422 | +3087.8% |
| Tangible fixed assets | 22/27 | €1,406 | €44,828 | +€43,422 | +3087.8% |
| Land and buildings | 22 | - | €44,475 | +€44,475 | |
| Furniture and vehicles | 24 | €1,406 | €353 | -€1,053 | -74.9% |
| Current assets | 29/58 | €166,127 | €147,817 | -€18,310 | -11.0% |
| Amounts receivable within one year | 40/41 | €69,671 | €64,657 | -€5,014 | -7.2% |
| Trade receivables | 40 | €28,566 | €48,486 | +€19,919 | +69.7% |
| Other amounts receivable | 41 | €41,105 | €16,171 | -€24,934 | -60.7% |
| Cash at bank and in hand | 54/58 | €96,180 | €82,610 | -€13,569 | -14.1% |
| Deferred charges and accrued income | 490/1 | €276 | €550 | +€274 | +99.3% |
| Total equity and liabilities | 10/49 | €167,533 | €192,645 | +€25,112 | +15.0% |
| Equity | 10/15 | €5,000 | €110,065 | +€105,065 | +2101.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €105,065 | +€105,065 | |
| Amounts payable | 17/49 | €162,533 | €82,581 | -€79,953 | -49.2% |
| Amounts payable after more than one year | 17 | - | €36,286 | +€36,286 | |
| Financial debts | 170/4 | - | €36,286 | +€36,286 | |
| Amounts payable within one year | 42/48 | €162,533 | €46,293 | -€116,241 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,264 | +€8,264 | |
| Financial debts | 43 | €104 | €1,242 | +€1,138 | +1094.6% |
| Other loans | 439 | €104 | €1,242 | +€1,138 | +1094.6% |
| Trade debts | 44 | €3,124 | €18,600 | +€15,476 | +495.5% |
| Suppliers | 440/4 | €3,124 | €18,600 | +€15,476 | +495.5% |
| Taxes, remuneration and social security | 45 | €76,966 | €18,187 | -€58,779 | -76.4% |
| Taxes | 450/3 | €76,966 | €18,187 | -€58,779 | -76.4% |
| Other amounts payable | 47/48 | €82,340 | €0 | -€82,340 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,398 | €1,128 | -€270 | -19.3% |
| Other operating charges | 640/8 | €485 | €7,012 | +€6,527 | +1346.2% |
| Gross operating margin | 9900 | €98,937 | €142,111 | +€43,173 | +43.6% |
| Operating profit (loss) | 9901 | €97,054 | €133,970 | +€36,916 | +38.0% |
| Financial income | 75/76B | €8,802 | €1,864 | -€6,937 | -78.8% |
| Recurring financial income | 75 | €8,802 | €1,864 | -€6,937 | -78.8% |
| Financial charges | 65/66B | €318 | €405 | +€87 | +27.2% |
| Recurring financial charges | 65 | €318 | €405 | +€87 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €105,538 | €135,430 | +€29,892 | +28.3% |
| Income taxes | 67/77 | €23,198 | €30,365 | +€7,167 | +30.9% |
| Profit (loss) for the period | 9904 | €82,340 | €105,065 | +€22,725 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,340 | €105,065 | +€22,725 | +27.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.