SDK GROUP: 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 GROUP
Largest movements
- Intangible fixed assets +€25,460
new in 2025: €25,460
- Cash +€11,065
up €11,065 (+90.6%), from €12,211 to €23,276
mainly Other debts (+€19,416) and Trade debts (+€16,454)
- Tangible fixed assets +€3,025
new in 2025: €3,025
- Receivables within one year +€2,960
up €2,960 (+122%), from €2,433 to €5,393
of which Other amounts receivable: +€3,576
- Other debts +€19,416
up €19,416 (+331%), from €5,861 to €25,278
- Trade debts +€16,454
up €16,454 (+62.5%), from €26,321 to €42,775
- Accrued charges and deferred income -€12,000
no longer reported in 2025 (was €12,000)
- Tax, wage and social debts +€9,625
up €9,625 (+77,620%), from €12 to €9,637
of which Remuneration and social security: +€8,940
- Profit (loss) carried forward +€8,755
up €8,755 (+78.5%), from -€11,160 to -€2,404
- Gross operating margin +€58,712
up €58,712, from -€9,487 to €49,226
- Staff costs +€35,027
new in 2025: €35,027
- Depreciation +€1,653
up €1,653 (+447%), from €370 to €2,023
- Financial charges +€1,471
up €1,471 (+174%), from €843 to €2,314
- Other operating charges +€647
up €647 (+141%), from €460 to €1,107
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 | €38,035 | €80,286 | +€42,251 | +111% |
| Formation expenses | 20 | €874 | €466 | -€408 | -46.7% |
| Fixed assets | 21/28 | €1,500 | €30,134 | +€28,634 | +1,909% |
| Intangible fixed assets | 21 | - | €25,460 | +€25,460 | |
| Tangible fixed assets | 22/27 | - | €3,025 | +€3,025 | |
| Plant, machinery and equipment | 23 | - | €3,025 | +€3,025 | |
| Financial fixed assets | 28 | €1,500 | €1,649 | +€149 | +9.9% |
| Current assets | 29/58 | €35,661 | €49,686 | +€14,025 | +39.3% |
| Stocks and contracts in progress | 3 | €21,017 | €21,017 | = | 0.0% |
| Stocks | 30/36 | €21,017 | €21,017 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,433 | €5,393 | +€2,960 | +122% |
| Trade receivables | 40 | €616 | - | -€616 | |
| Other amounts receivable | 41 | €1,817 | €5,393 | +€3,576 | +197% |
| Cash at bank and in hand | 54/58 | €12,211 | €23,276 | +€11,065 | +90.6% |
| Total equity and liabilities | 10/49 | €38,035 | €80,286 | +€42,251 | +111% |
| Equity | 10/15 | -€6,160 | €2,596 | +€8,755 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,160 | -€2,404 | +€8,755 | +78.5% |
| Amounts payable | 17/49 | €44,194 | €77,690 | +€33,496 | +75.8% |
| Amounts payable within one year | 42/48 | €32,194 | €77,690 | +€45,496 | +141% |
| Trade debts | 44 | €26,321 | €42,775 | +€16,454 | +62.5% |
| Suppliers | 440/4 | €26,321 | €42,775 | +€16,454 | +62.5% |
| Taxes, remuneration and social security | 45 | €12 | €9,637 | +€9,625 | +77,620% |
| Taxes | 450/3 | €12 | €697 | +€685 | +5,522% |
| Remuneration and social security | 454/9 | - | €8,940 | +€8,940 | |
| Other amounts payable | 47/48 | €5,861 | €25,278 | +€19,416 | +331% |
| Accrued charges and deferred income | 492/3 | €12,000 | - | -€12,000 | |
| Remuneration, social security and pensions | 62 | - | €35,027 | +€35,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €2,023 | +€1,653 | +447% |
| Other operating charges | 640/8 | €460 | €1,107 | +€647 | +141% |
| Gross operating margin | 9900 | -€9,487 | €49,226 | +€58,712 | |
| Operating profit (loss) | 9901 | -€10,317 | €11,069 | +€21,385 | |
| Financial charges | 65/66B | €843 | €2,314 | +€1,471 | +174% |
| Recurring financial charges | 65 | €843 | €2,314 | +€1,471 | +174% |
| Profit (loss) for the period before taxes | 9903 | -€11,160 | €8,755 | +€19,915 | |
| Profit (loss) for the period | 9904 | -€11,160 | €8,755 | +€19,915 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,160 | €8,755 | +€19,915 |
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 14 October 2026 via checked.be.