SDL Company: what changed
What changed
SDL Company
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€210,085
2024 · €190,123+€19,962
Equity
€6,696
2024 · €209,111-€202,415
Cash
€177,385
2024 · €46,235+€131,150
Balance sheet total
€549,622
2024 · €283,441+€266,182
Largest movements
Assets
- Cash +€131,150
up €131,150 (+284%), from €46,235 to €177,385
mainly Other debts (+€412,500) and Net result for the year (+€210,085)
- Current investments +€106,207
up €106,207 (+118%), from €90,000 to €196,207
- Receivables within one year +€33,556
up €33,556 (+26.6%), from €126,141 to €159,697
of which Trade receivables: +€93,556
Equity and liabilities
- Other debts +€412,500
new in 2025: €412,500
- Profit (loss) carried forward -€207,611
no longer reported in 2025 (was €207,611)
- Tax, wage and social debts +€56,017
up €56,017 (+75.4%), from €74,329 to €130,347
Income statement
- Gross operating margin +€28,190
up €28,190 (+11.3%), from €249,267 to €277,457
- Taxes +€6,234
up €6,234 (+10.9%), from €57,128 to €63,362
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€190,123
Gross operating margin
+€28,190
Depreciation
-€2,138
Other operating charges
-€156
Financial income
+€494
Financial charges
-€193
Taxes
-€6,234
Result 2025
€210,085
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€649,840
Investment
-€106,207
Financing
-€412,483
Cash 2024
€46,235
From operations (derived)
+€649,840
Net result for the year
+€210,085
Depreciation
+€4,732
Receivables within one year
-€33,556
Trade debts
+€62
Tax, wage and social debts
+€56,017
Other debts
+€412,500
Investment (derived)
-€106,207
Current investments
-€106,207
Financing
-€412,483
Short-term financial debts
+€17
Contributions, distributions and other
-€412,500
Cash 2025
€177,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,441 | €549,622 | +€266,182 | +93.9% |
| Fixed assets | 21/28 | €21,065 | €16,333 | -€4,732 | -22.5% |
| Tangible fixed assets | 22/27 | €21,065 | €16,333 | -€4,732 | -22.5% |
| Plant, machinery and equipment | 23 | €16,747 | €12,942 | -€3,805 | -22.7% |
| Furniture and vehicles | 24 | €4,318 | €3,391 | -€927 | -21.5% |
| Current assets | 29/58 | €262,376 | €533,289 | +€270,913 | +103% |
| Amounts receivable within one year | 40/41 | €126,141 | €159,697 | +€33,556 | +26.6% |
| Trade receivables | 40 | €31,141 | €124,697 | +€93,556 | +300% |
| Other amounts receivable | 41 | €95,000 | €35,000 | -€60,000 | -63.2% |
| Current investments | 50/53 | €90,000 | €196,207 | +€106,207 | +118% |
| Cash at bank and in hand | 54/58 | €46,235 | €177,385 | +€131,150 | +284% |
| Total equity and liabilities | 10/49 | €283,441 | €549,622 | +€266,182 | +93.9% |
| Equity | 10/15 | €209,111 | €6,696 | -€202,415 | -96.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €5,196 | +€5,196 | |
| Distributable reserves | 133 | - | €5,196 | +€5,196 | |
| Profit (loss) carried forward | 14 | €207,611 | - | -€207,611 | |
| Amounts payable | 17/49 | €74,329 | €542,926 | +€468,597 | +630% |
| Amounts payable within one year | 42/48 | €74,329 | €542,926 | +€468,597 | +630% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | - | €62 | +€62 | |
| Suppliers | 440/4 | - | €62 | +€62 | |
| Taxes, remuneration and social security | 45 | €74,329 | €130,347 | +€56,017 | +75.4% |
| Taxes | 450/3 | €74,329 | €130,347 | +€56,017 | +75.4% |
| Other amounts payable | 47/48 | - | €412,500 | +€412,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,593 | €4,732 | +€2,138 | +82.5% |
| Other operating charges | 640/8 | €387 | €544 | +€156 | +40.4% |
| Gross operating margin | 9900 | €249,267 | €277,457 | +€28,190 | +11.3% |
| Operating profit (loss) | 9901 | €246,287 | €272,182 | +€25,895 | +10.5% |
| Financial income | 75/76B | €1,051 | €1,544 | +€494 | +47.0% |
| Recurring financial income | 75 | €1,051 | €1,544 | +€494 | +47.0% |
| Financial charges | 65/66B | €87 | €280 | +€193 | +221% |
| Recurring financial charges | 65 | €87 | €280 | +€193 | +221% |
| Profit (loss) for the period before taxes | 9903 | €247,250 | €273,447 | +€26,196 | +10.6% |
| Income taxes | 67/77 | €57,128 | €63,362 | +€6,234 | +10.9% |
| Profit (loss) for the period | 9904 | €190,123 | €210,085 | +€19,962 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €190,123 | €210,085 | +€19,962 | +10.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.