SDK ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€41,348
up €41,348 (+41.2%), from €100,461 to €141,808
mainly Receivables within one year (+€33,578) and Net result for the year (+€29,600)
- Receivables within one year -€33,578
down €33,578 (-92.4%), from €36,359 to €2,781
of which Trade receivables: -€29,566
- Stocks and contracts +€15,850
up €15,850 (+33.7%), from €46,986 to €62,836
- Deferred charges and accrued income +€13,433
up €13,433 (+136%), from €9,872 to €23,305
- Tangible fixed assets -€5,837
down €5,837 (-10.1%), from €58,041 to €52,204
of which Furniture and vehicles: -€3,144
- Reserves +€29,600
up €29,600 (+13.3%), from €222,389 to €251,988
of which Distributable reserves: +€29,600
- Other debts +€5,152
up €5,152 (+48.2%), from €10,681 to €15,833
- Tax, wage and social debts -€3,710
down €3,710 (-25.9%), from €14,348 to €10,638
- Financial charges +€2,928
up €2,928 (+143%), from €2,052 to €4,980
of which Non-recurring financial charges: +€1,574
- Gross operating margin +€1,133
up €1,133 (+1.9%), from €59,650 to €60,783
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 | €273,488 | €306,322 | +€32,834 | +12.0% |
| Fixed assets | 21/28 | €58,041 | €52,204 | -€5,837 | -10.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €58,041 | €52,204 | -€5,837 | -10.1% |
| Plant, machinery and equipment | 23 | €21,004 | €19,607 | -€1,396 | -6.6% |
| Furniture and vehicles | 24 | €22,319 | €19,175 | -€3,144 | -14.1% |
| Other tangible fixed assets | 26 | €14,718 | €13,421 | -€1,297 | -8.8% |
| Current assets | 29/58 | €215,447 | €254,118 | +€38,671 | +17.9% |
| Stocks and contracts in progress | 3 | €46,986 | €62,836 | +€15,850 | +33.7% |
| Stocks | 30/36 | €46,986 | €62,836 | +€15,850 | +33.7% |
| Amounts receivable within one year | 40/41 | €36,359 | €2,781 | -€33,578 | -92.4% |
| Trade receivables | 40 | €32,347 | €2,781 | -€29,566 | -91.4% |
| Other amounts receivable | 41 | €4,013 | €0 | -€4,013 | -100% |
| Current investments | 50/53 | €21,769 | €23,388 | +€1,619 | +7.4% |
| Cash at bank and in hand | 54/58 | €100,461 | €141,808 | +€41,348 | +41.2% |
| Deferred charges and accrued income | 490/1 | €9,872 | €23,305 | +€13,433 | +136% |
| Total equity and liabilities | 10/49 | €273,488 | €306,322 | +€32,834 | +12.0% |
| Equity | 10/15 | €240,989 | €270,588 | +€29,600 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,389 | €251,988 | +€29,600 | +13.3% |
| Tax-exempt reserves | 132 | €11,743 | €11,743 | = | 0.0% |
| Distributable reserves | 133 | €210,646 | €240,246 | +€29,600 | +14.1% |
| Amounts payable | 17/49 | €32,500 | €35,734 | +€3,234 | +10.0% |
| Amounts payable within one year | 42/48 | €32,209 | €34,968 | +€2,759 | +8.6% |
| Trade debts | 44 | €7,180 | €8,497 | +€1,317 | +18.3% |
| Suppliers | 440/4 | €7,180 | €8,497 | +€1,317 | +18.3% |
| Taxes, remuneration and social security | 45 | €14,348 | €10,638 | -€3,710 | -25.9% |
| Taxes | 450/3 | €14,348 | €10,638 | -€3,710 | -25.9% |
| Other amounts payable | 47/48 | €10,681 | €15,833 | +€5,152 | +48.2% |
| Accrued charges and deferred income | 492/3 | €291 | €766 | +€475 | +164% |
| Non-recurring operating income | 76A | €22,047 | €0 | -€22,047 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,911 | €16,406 | -€505 | -3.0% |
| Other operating charges | 640/8 | €1,549 | €1,419 | -€130 | -8.4% |
| Gross operating margin | 9900 | €59,650 | €60,783 | +€1,133 | +1.9% |
| Operating profit (loss) | 9901 | €41,191 | €42,958 | +€1,768 | +4.3% |
| Financial income | 75/76B | €1,395 | €1,519 | +€124 | +8.9% |
| Recurring financial income | 75 | €1,395 | €1,519 | +€124 | +8.9% |
| Financial charges | 65/66B | €2,052 | €4,980 | +€2,928 | +143% |
| Recurring financial charges | 65 | €2,052 | €3,406 | +€1,354 | +66.0% |
| Non-recurring financial charges | 66B | - | €1,574 | +€1,574 | |
| Profit (loss) for the period before taxes | 9903 | €40,534 | €39,497 | -€1,036 | -2.6% |
| Income taxes | 67/77 | €10,043 | €9,898 | -€145 | -1.4% |
| Profit (loss) for the period | 9904 | €30,491 | €29,600 | -€891 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,491 | €29,600 | -€891 | -2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.