SDL CONSULT: 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.
SDL CONSULT
Largest movements
- Intangible fixed assets +€160,000
new in 2023: €160,000
- Receivables within one year +€87,646
up €87,646 (+283.8%), from €30,888 to €118,534
of which Trade receivables: +€46,500
- Tangible fixed assets +€47,960
up €47,960 (+156.6%), from €30,633 to €78,593
of which Land and buildings: +€45,121
- Cash -€21,394
down €21,394 (-83.9%), from €25,499 to €4,105
mainly Investment in fixed assets (net) (-€256,670) and Receivables within one year (-€87,646)
- Debts after one year +€146,039
up €146,039 (+824.7%), from €17,707 to €163,746
- Short-term financial debts +€41,712
up €41,712 (+527.8%), from €7,903 to €49,614
- Profit (loss) carried forward +€41,649
up €41,649 (+32.7%), from €127,297 to €168,947
- Current portion of long-term debt +€31,567
up €31,567 (+220.4%), from €14,324 to €45,891
- Trade debts +€9,023
up €9,023 (+354.2%), from €2,547 to €11,570
- Gross operating margin +€114,912
up €114,912 (+158.3%), from €72,601 to €187,513
- Depreciation +€44,133
up €44,133 (+964.1%), from €4,578 to €48,710
- Staff costs +€18,974
new in 2023: €18,974
- Taxes +€10,200
up €10,200 (+245.8%), from €4,150 to €14,350
- Financial charges +€7,966
up €7,966 (+236.8%), from €3,364 to €11,330
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,319 | €516,532 | +€274,212 | +113.2% |
| Fixed assets | 21/28 | €30,933 | €238,893 | +€207,960 | +672.3% |
| Intangible fixed assets | 21 | - | €160,000 | +€160,000 | |
| Tangible fixed assets | 22/27 | €30,633 | €78,593 | +€47,960 | +156.6% |
| Land and buildings | 22 | €30,000 | €75,121 | +€45,121 | +150.4% |
| Furniture and vehicles | 24 | €633 | €3,472 | +€2,839 | +448.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €211,387 | €277,639 | +€66,252 | +31.3% |
| Amounts receivable after more than one year | 29 | €155,000 | €155,000 | = | 0.0% |
| Other amounts receivable | 291 | €155,000 | €155,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,888 | €118,534 | +€87,646 | +283.8% |
| Trade receivables | 40 | €30,888 | €77,387 | +€46,500 | +150.5% |
| Other amounts receivable | 41 | - | €41,146 | +€41,146 | |
| Cash at bank and in hand | 54/58 | €25,499 | €4,105 | -€21,394 | -83.9% |
| Total equity and liabilities | 10/49 | €242,319 | €516,532 | +€274,212 | +113.2% |
| Equity | 10/15 | €179,195 | €220,844 | +€41,649 | +23.2% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €39,500 | €39,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,297 | €168,947 | +€41,649 | +32.7% |
| Amounts payable | 17/49 | €63,125 | €295,688 | +€232,563 | +368.4% |
| Amounts payable after more than one year | 17 | €17,707 | €163,746 | +€146,039 | +824.7% |
| Financial debts | 170/4 | €17,707 | €163,746 | +€146,039 | +824.7% |
| Amounts payable within one year | 42/48 | €45,417 | €131,941 | +€86,524 | +190.5% |
| Current portion of amounts payable after more than one year | 42 | €14,324 | €45,891 | +€31,567 | +220.4% |
| Financial debts | 43 | €7,903 | €49,614 | +€41,712 | +527.8% |
| Credit institutions | 430/8 | €7,903 | €49,614 | +€41,712 | +527.8% |
| Trade debts | 44 | €2,547 | €11,570 | +€9,023 | +354.2% |
| Suppliers | 440/4 | €2,547 | €11,570 | +€9,023 | +354.2% |
| Taxes, remuneration and social security | 45 | €19,894 | €24,866 | +€4,972 | +25.0% |
| Taxes | 450/3 | €19,894 | €24,349 | +€4,454 | +22.4% |
| Remuneration and social security | 454/9 | - | €518 | +€518 | |
| Other amounts payable | 47/48 | €749 | - | -€749 | |
| Remuneration, social security and pensions | 62 | - | €18,974 | +€18,974 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,578 | €48,710 | +€44,133 | +964.1% |
| Other operating charges | 640/8 | €1,517 | - | -€1,517 | |
| Gross operating margin | 9900 | €72,601 | €187,513 | +€114,912 | +158.3% |
| Operating profit (loss) | 9901 | €66,507 | €119,829 | +€53,322 | +80.2% |
| Financial income | 75/76B | €8,250 | €7,500 | -€750 | -9.1% |
| Recurring financial income | 75 | €8,250 | €7,500 | -€750 | -9.1% |
| Financial charges | 65/66B | €3,364 | €11,330 | +€7,966 | +236.8% |
| Recurring financial charges | 65 | €3,364 | €11,330 | +€7,966 | +236.8% |
| Profit (loss) for the period before taxes | 9903 | €71,393 | €115,999 | +€44,606 | +62.5% |
| Income taxes | 67/77 | €4,150 | €14,350 | +€10,200 | +245.8% |
| Profit (loss) for the period | 9904 | €67,243 | €101,649 | +€34,406 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,243 | €101,649 | +€34,406 | +51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.