SDL Global: 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.
SDL Global
Largest movements
- Cash -€876
down €876 (-17.6%), from €4,978 to €4,102
mainly Net result for the year (-€5,044) and Accrued charges and deferred income (-€354)
- Formation expenses -€671
down €671 (-36.8%), from €1,825 to €1,154
- Stocks and contracts -€559
down €559 (-18.6%), from €2,999 to €2,441
- Receivables within one year +€187
up €187 (+42.4%), from €440 to €627
of which Trade receivables: +€470
- Profit (loss) carried forward -€5,044
down €5,044 (-243%), from -€2,072 to -€7,116
- Other debts +€3,008
up €3,008 (+35.4%), from €8,500 to €11,508
- Accrued charges and deferred income -€354
down €354 (-46.7%), from €758 to €404
- Trade debts +€269
up €269 (+545%), from €49 to €319
- Current portion of long-term debt +€209
new in 2025: €209
- Gross operating margin -€2,668
down €2,668 (-169%), from -€1,579 to -€4,247
- Depreciation +€483
up €483 (+256%), from €189 to €671
- Financial charges -€251
down €251 (-82.6%), from €304 to €53
- Other operating charges +€75
new in 2025: €75
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 | €10,243 | €8,324 | -€1,919 | -18.7% |
| Formation expenses | 20 | €1,825 | €1,154 | -€671 | -36.8% |
| Current assets | 29/58 | €8,418 | €7,170 | -€1,248 | -14.8% |
| Stocks and contracts in progress | 3 | €2,999 | €2,441 | -€559 | -18.6% |
| Stocks | 30/36 | €2,999 | €2,441 | -€559 | -18.6% |
| Amounts receivable within one year | 40/41 | €440 | €627 | +€187 | +42.4% |
| Trade receivables | 40 | - | €470 | +€470 | |
| Other amounts receivable | 41 | €440 | €158 | -€283 | -64.2% |
| Cash at bank and in hand | 54/58 | €4,978 | €4,102 | -€876 | -17.6% |
| Total equity and liabilities | 10/49 | €10,243 | €8,324 | -€1,919 | -18.7% |
| Equity | 10/15 | €928 | -€4,116 | -€5,044 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,072 | -€7,116 | -€5,044 | -243% |
| Amounts payable | 17/49 | €9,314 | €12,439 | +€3,125 | +33.6% |
| Amounts payable within one year | 42/48 | €8,556 | €12,036 | +€3,479 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | - | €209 | +€209 | |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Trade debts | 44 | €49 | €319 | +€269 | +545% |
| Suppliers | 440/4 | €49 | €319 | +€269 | +545% |
| Other amounts payable | 47/48 | €8,500 | €11,508 | +€3,008 | +35.4% |
| Accrued charges and deferred income | 492/3 | €758 | €404 | -€354 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | €671 | +€483 | +256% |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | -€1,579 | -€4,247 | -€2,668 | -169% |
| Operating profit (loss) | 9901 | -€1,768 | -€4,992 | -€3,225 | -182% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €304 | €53 | -€251 | -82.6% |
| Recurring financial charges | 65 | €304 | €53 | -€251 | -82.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,072 | -€5,044 | -€2,972 | -143% |
| Profit (loss) for the period | 9904 | -€2,072 | -€5,044 | -€2,972 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,072 | -€5,044 | -€2,972 | -143% |
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 13 October 2026 via checked.be.