SDL PERIO: 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 PERIO
Largest movements
- Tangible fixed assets -€18,474
down €18,474 (-4.6%), from €398,222 to €379,748
of which Land and buildings: -€17,414
- Receivables within one year -€9,753
down €9,753 (-9.5%), from €103,024 to €93,270
- Profit (loss) carried forward -€14,288
down €14,288 (-1115.5%), from -€1,281 to -€15,568
- Debts after one year -€8,920
down €8,920 (-3.7%), from €238,626 to €229,706
- Reserves -€6,325
down €6,325 (-3.1%), from €202,034 to €195,710
of which Tax-exempt reserves: -€6,325
- Gross operating margin -€162,284
down €162,284 (-96.8%), from €167,716 to €5,432
- Depreciation +€3,307
up €3,307 (+21.8%), from €15,167 to €18,474
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.
Cash bridge derived
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 | €522,666 | €491,380 | -€31,287 | -6.0% |
| Fixed assets | 21/28 | €398,222 | €379,748 | -€18,474 | -4.6% |
| Tangible fixed assets | 22/27 | €398,222 | €379,748 | -€18,474 | -4.6% |
| Land and buildings | 22 | €395,042 | €377,628 | -€17,414 | -4.4% |
| Furniture and vehicles | 24 | €3,180 | €2,120 | -€1,060 | -33.3% |
| Current assets | 29/58 | €124,444 | €111,632 | -€12,812 | -10.3% |
| Amounts receivable within one year | 40/41 | €103,024 | €93,270 | -€9,753 | -9.5% |
| Other amounts receivable | 41 | €103,024 | €93,270 | -€9,753 | -9.5% |
| Cash at bank and in hand | 54/58 | €17,119 | €14,189 | -€2,930 | -17.1% |
| Deferred charges and accrued income | 490/1 | €4,301 | €4,173 | -€129 | -3.0% |
| Total equity and liabilities | 10/49 | €522,666 | €491,380 | -€31,287 | -6.0% |
| Equity | 10/15 | €208,814 | €188,201 | -€20,612 | -9.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €202,034 | €195,710 | -€6,325 | -3.1% |
| Tax-exempt reserves | 132 | €117,008 | €110,684 | -€6,325 | -5.4% |
| Distributable reserves | 133 | €85,026 | €85,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,281 | -€15,568 | -€14,288 | -1115.5% |
| Provisions and deferred taxes | 16 | €39,003 | €36,895 | -€2,108 | -5.4% |
| Deferred taxes | 168 | €39,003 | €36,895 | -€2,108 | -5.4% |
| Amounts payable | 17/49 | €274,850 | €266,284 | -€8,566 | -3.1% |
| Amounts payable after more than one year | 17 | €238,626 | €229,706 | -€8,920 | -3.7% |
| Financial debts | 170/4 | €238,626 | €229,706 | -€8,920 | -3.7% |
| Amounts payable within one year | 42/48 | €36,224 | €36,578 | +€354 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €8,585 | €8,920 | +€336 | +3.9% |
| Trade debts | 44 | €1,273 | €1,762 | +€489 | +38.4% |
| Suppliers | 440/4 | €1,273 | €1,762 | +€489 | +38.4% |
| Taxes, remuneration and social security | 45 | €1,660 | €1,190 | -€470 | -28.3% |
| Taxes | 450/3 | €904 | - | -€904 | |
| Remuneration and social security | 454/9 | €756 | €1,190 | +€434 | +57.4% |
| Other amounts payable | 47/48 | €24,706 | €24,706 | = | 0.0% |
| Non-recurring operating income | 76A | €159,084 | €3 | -€159,081 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,167 | €18,474 | +€3,307 | +21.8% |
| Non-recurring operating charges | 66A | €63 | €63 | +€0 | +0.5% |
| Gross operating margin | 9900 | €167,716 | €5,432 | -€162,284 | -96.8% |
| Operating profit (loss) | 9901 | €152,486 | -€13,105 | -€165,592 | |
| Financial charges | 65/66B | €8,163 | €9,615 | +€1,453 | +17.8% |
| Recurring financial charges | 65 | €8,163 | €9,615 | +€1,453 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €144,324 | -€22,721 | -€167,044 | |
| Transfer from deferred taxes | 780 | €768 | €2,108 | +€1,340 | +174.4% |
| Transfer to deferred taxes | 680 | €39,771 | - | -€39,771 | |
| Profit (loss) for the period | 9904 | €105,321 | -€20,612 | -€125,933 | |
| Transfer from tax-exempt reserves | 789 | €2,305 | €6,325 | +€4,020 | +174.4% |
| Transfer to tax-exempt reserves | 689 | €119,313 | - | -€119,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,687 | -€14,288 | -€2,600 | -22.2% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.