SDK MARINE SERVICES: 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 MARINE SERVICES
Largest movements
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Deferred charges and accrued income -€23,643
down €23,643 (-90.3%), from €26,168 to €2,525
- Cash +€11,609
up €11,609 (+49.8%), from €23,303 to €34,912
mainly Current investments (+€75,000) and Net result for the year (+€37,967)
- Receivables within one year +€4,995
up €4,995 (+32.0%), from €15,599 to €20,594
of which Trade receivables: +€5,609
- Other debts -€126,100
down €126,100 (-98.3%), from €128,314 to €2,214
- Reserves +€37,967
up €37,967, from €0 to €37,967
- Trade debts +€3,764
up €3,764 (+141%), from €2,662 to €6,426
- Gross operating margin -€23,812
down €23,812 (-32.3%), from €73,766 to €49,954
- Taxes -€4,677
down €4,677 (-31.6%), from €14,811 to €10,134
- Depreciation -€975
down €975 (-40.7%), from €2,396 to €1,421
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 | €142,495 | €59,035 | -€83,460 | -58.6% |
| Fixed assets | 21/28 | €2,424 | €1,003 | -€1,421 | -58.6% |
| Tangible fixed assets | 22/27 | €2,424 | €1,003 | -€1,421 | -58.6% |
| Furniture and vehicles | 24 | €2,424 | €1,003 | -€1,421 | -58.6% |
| Current assets | 29/58 | €140,071 | €58,031 | -€82,039 | -58.6% |
| Amounts receivable within one year | 40/41 | €15,599 | €20,594 | +€4,995 | +32.0% |
| Trade receivables | 40 | €14,985 | €20,594 | +€5,609 | +37.4% |
| Other amounts receivable | 41 | €614 | €0 | -€614 | -100% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €23,303 | €34,912 | +€11,609 | +49.8% |
| Deferred charges and accrued income | 490/1 | €26,168 | €2,525 | -€23,643 | -90.3% |
| Total equity and liabilities | 10/49 | €142,495 | €59,035 | -€83,460 | -58.6% |
| Equity | 10/15 | €1,000 | €38,967 | +€37,967 | +3,797% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | €37,967 | +€37,967 | |
| Distributable reserves | 133 | €0 | €37,967 | +€37,967 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,495 | €20,067 | -€121,427 | -85.8% |
| Amounts payable within one year | 42/48 | €141,429 | €20,067 | -€121,361 | -85.8% |
| Trade debts | 44 | €2,662 | €6,426 | +€3,764 | +141% |
| Suppliers | 440/4 | €2,662 | €6,426 | +€3,764 | +141% |
| Taxes, remuneration and social security | 45 | €10,453 | €11,427 | +€975 | +9.3% |
| Taxes | 450/3 | €10,453 | €11,427 | +€975 | +9.3% |
| Other amounts payable | 47/48 | €128,314 | €2,214 | -€126,100 | -98.3% |
| Accrued charges and deferred income | 492/3 | €66 | €0 | -€66 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,396 | €1,421 | -€975 | -40.7% |
| Other operating charges | 640/8 | €825 | €842 | +€17 | +2.0% |
| Gross operating margin | 9900 | €73,766 | €49,954 | -€23,812 | -32.3% |
| Operating profit (loss) | 9901 | €70,545 | €47,691 | -€22,854 | -32.4% |
| Financial income | 75/76B | €828 | €647 | -€181 | -21.9% |
| Recurring financial income | 75 | €828 | €647 | -€181 | -21.9% |
| Financial charges | 65/66B | €226 | €237 | +€11 | +4.9% |
| Recurring financial charges | 65 | €226 | €237 | +€11 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €71,147 | €48,101 | -€23,046 | -32.4% |
| Income taxes | 67/77 | €14,811 | €10,134 | -€4,677 | -31.6% |
| Profit (loss) for the period | 9904 | €56,336 | €37,967 | -€18,369 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,336 | €37,967 | -€18,369 | -32.6% |
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 30 October 2026 via checked.be.