SDK ELECTRICS: 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
SDK ELECTRICS
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€337,031
2024 · €169,990+€167,041
Equity
€2.4m
2024 · €2.0m+€337,031
Cash
€775,001
2024 · €413,233+€361,768
Balance sheet total
€2.9m
2024 · €2.5m+€341,597
Largest movements
Assets
- Cash +€361,768
up €361,768 (+87.5%), from €413,233 to €775,001
mainly Net result for the year (+€337,031) and Depreciation (+€86,386)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
Equity and liabilities
- Profit (loss) carried forward +€337,031
up €337,031 (+24.6%), from €1.4m to €1.7m
Income statement
- Gross operating margin +€238,183
up €238,183 (+19.6%), from €1.2m to €1.5m
- Taxes +€55,228
up €55,228 (+72.4%), from €76,265 to €131,493
- Financial charges -€46,789
down €46,789 (-77.4%), from €60,432 to €13,643
of which Non-recurring financial charges: -€44,600
- Staff costs +€15,767
up €15,767 (+1.9%), from €824,502 to €840,269
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.
Result 2024
€169,990
Gross operating margin
+€238,183
Staff costs
-€15,767
Depreciation
-€1,089
Other operating charges
-€5,032
Other operating items
-€44,600
Financial income
+€3,784
Financial charges
+€46,789
Taxes
-€55,228
Result 2025
€337,031
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.
From operations
+€410,877
Investment
-€26,398
Financing
-€22,711
Cash 2024
€413,233
From operations (derived)
+€410,877
Net result for the year
+€337,031
Depreciation
+€86,386
Stocks and contracts
-€7,874
Receivables within one year
-€25,907
Deferred charges and accrued income
-€6,036
Trade debts
+€18,309
Tax, wage and social debts
+€6,622
Other debts
-€17,428
Accrued charges and deferred income
+€19,774
Investment (derived)
-€26,398
Investment in fixed assets (net)
-€76,398
Current investments
+€50,000
Financing
-€22,711
Debts after one year
-€23,580
Current portion of long-term debt
+€869
Cash 2025
€775,001
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,516,183 | €2,857,780 | +€341,597 | +13.6% |
| Fixed assets | 21/28 | €469,699 | €459,710 | -€9,989 | -2.1% |
| Intangible fixed assets | 21 | €207 | €0 | -€207 | -100.0% |
| Tangible fixed assets | 22/27 | €469,292 | €459,510 | -€9,781 | -2.1% |
| Land and buildings | 22 | €314,911 | €339,977 | +€25,066 | +8.0% |
| Plant, machinery and equipment | 23 | €34,627 | €25,125 | -€9,503 | -27.4% |
| Furniture and vehicles | 24 | €119,753 | €94,409 | -€25,344 | -21.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,046,484 | €2,398,070 | +€351,585 | +17.2% |
| Stocks and contracts in progress | 3 | €7,442 | €15,315 | +€7,874 | +105.8% |
| Stocks | 30/36 | €7,442 | €15,315 | +€7,874 | +105.8% |
| Amounts receivable within one year | 40/41 | €1,216,939 | €1,242,846 | +€25,907 | +2.1% |
| Trade receivables | 40 | €1,022,584 | €1,088,222 | +€65,638 | +6.4% |
| Other amounts receivable | 41 | €194,355 | €154,624 | -€39,731 | -20.4% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €413,233 | €775,001 | +€361,768 | +87.5% |
| Deferred charges and accrued income | 490/1 | €358,871 | €364,906 | +€6,036 | +1.7% |
| Total equity and liabilities | 10/49 | €2,516,183 | €2,857,780 | +€341,597 | +13.6% |
| Equity | 10/15 | €2,036,250 | €2,373,281 | +€337,031 | +16.6% |
| Contributions | 10/11 | €228,618 | €228,618 | = | 0.0% |
| Reserves | 13 | €434,834 | €434,834 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,847 | €22,847 | = | 0.0% |
| Distributable reserves | 133 | €411,987 | €411,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,372,798 | €1,709,829 | +€337,031 | +24.6% |
| Amounts payable | 17/49 | €479,934 | €484,499 | +€4,566 | +1.0% |
| Amounts payable after more than one year | 17 | €175,303 | €151,723 | -€23,580 | -13.5% |
| Financial debts | 170/4 | €175,303 | €151,723 | -€23,580 | -13.5% |
| Amounts payable within one year | 42/48 | €282,952 | €291,324 | +€8,372 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €122,711 | €123,580 | +€869 | +0.7% |
| Trade debts | 44 | €63,108 | €81,416 | +€18,309 | +29.0% |
| Suppliers | 440/4 | €63,108 | €81,416 | +€18,309 | +29.0% |
| Taxes, remuneration and social security | 45 | €78,349 | €84,971 | +€6,622 | +8.5% |
| Taxes | 450/3 | €630 | €9,471 | +€8,841 | +1402.6% |
| Remuneration and social security | 454/9 | €77,718 | €75,499 | -€2,219 | -2.9% |
| Other amounts payable | 47/48 | €18,785 | €1,357 | -€17,428 | -92.8% |
| Accrued charges and deferred income | 492/3 | €21,679 | €41,453 | +€19,774 | +91.2% |
| Remuneration, social security and pensions | 62 | €824,502 | €840,269 | +€15,767 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,297 | €86,386 | +€1,089 | +1.3% |
| Other operating charges | 640/8 | €5,832 | €10,864 | +€5,032 | +86.3% |
| Non-recurring operating charges | 66A | - | €44,600 | +€44,600 | |
| Gross operating margin | 9900 | €1,218,245 | €1,456,429 | +€238,183 | +19.6% |
| Operating profit (loss) | 9901 | €302,614 | €474,309 | +€171,696 | +56.7% |
| Financial income | 75/76B | €4,073 | €7,857 | +€3,784 | +92.9% |
| Recurring financial income | 75 | €4,073 | €7,857 | +€3,784 | +92.9% |
| Financial charges | 65/66B | €60,432 | €13,643 | -€46,789 | -77.4% |
| Recurring financial charges | 65 | €15,832 | €13,643 | -€2,189 | -13.8% |
| Non-recurring financial charges | 66B | €44,600 | - | -€44,600 | |
| Profit (loss) for the period before taxes | 9903 | €246,255 | €468,524 | +€222,269 | +90.3% |
| Income taxes | 67/77 | €76,265 | €131,493 | +€55,228 | +72.4% |
| Profit (loss) for the period | 9904 | €169,990 | €337,031 | +€167,041 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €169,990 | €337,031 | +€167,041 | +98.3% |
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 4 October 2026 via checked.be.