SDL-Services: 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-Services
Largest movements
- Stocks and contracts -€23,901
down €23,901 (-7.2%), from €330,460 to €306,558
- Cash +€19,313
up €19,313 (+52.0%), from €37,151 to €56,464
mainly Stocks and contracts (+€23,901) and Net result for the year (+€8,190)
- Other debts -€11,434
down €11,434 (-8.0%), from €143,561 to €132,127
- Reserves +€8,190
up €8,190 (+5.1%), from €161,435 to €169,625
- Debts after one year -€6,250
down €6,250 (-85.6%), from €7,306 to €1,056
- Tax, wage and social debts +€5,833
up €5,833 (+33.4%), from €17,446 to €23,279
- Gross operating margin -€16,776
down €16,776 (-50.0%), from €33,549 to €16,773
- Taxes -€5,320
down €5,320 (-55.6%), from €9,572 to €4,252
- Financial charges -€451
down €451 (-13.7%), from €3,296 to €2,846
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 | €386,556 | €388,032 | +€1,476 | +0.4% |
| Fixed assets | 21/28 | €2,400 | €5,445 | +€3,045 | +126.9% |
| Tangible fixed assets | 22/27 | €1,500 | €4,545 | +€3,045 | +203.0% |
| Plant, machinery and equipment | 23 | €764 | €0 | -€764 | -100.0% |
| Furniture and vehicles | 24 | €736 | €4,545 | +€3,808 | +517.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €384,156 | €382,587 | -€1,569 | -0.4% |
| Stocks and contracts in progress | 3 | €330,460 | €306,558 | -€23,901 | -7.2% |
| Stocks | 30/36 | €330,460 | €306,558 | -€23,901 | -7.2% |
| Amounts receivable within one year | 40/41 | €16,545 | €19,565 | +€3,020 | +18.3% |
| Trade receivables | 40 | €4,627 | €3,388 | -€1,239 | -26.8% |
| Other amounts receivable | 41 | €11,918 | €16,177 | +€4,259 | +35.7% |
| Cash at bank and in hand | 54/58 | €37,151 | €56,464 | +€19,313 | +52.0% |
| Total equity and liabilities | 10/49 | €386,556 | €388,032 | +€1,476 | +0.4% |
| Equity | 10/15 | €167,635 | €175,825 | +€8,190 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,435 | €169,625 | +€8,190 | +5.1% |
| Distributable reserves | 133 | €161,435 | €169,625 | +€8,190 | +5.1% |
| Amounts payable | 17/49 | €218,921 | €212,206 | -€6,714 | -3.1% |
| Amounts payable after more than one year | 17 | €7,306 | €1,056 | -€6,250 | -85.6% |
| Financial debts | 170/4 | €7,306 | €1,056 | -€6,250 | -85.6% |
| Amounts payable within one year | 42/48 | €209,823 | €207,791 | -€2,032 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €6,111 | €6,250 | +€140 | +2.3% |
| Financial debts | 43 | €32,000 | €32,000 | = | 0.0% |
| Other loans | 439 | €32,000 | €32,000 | = | 0.0% |
| Trade debts | 44 | €10,705 | €14,135 | +€3,430 | +32.0% |
| Suppliers | 440/4 | €10,705 | €14,135 | +€3,430 | +32.0% |
| Taxes, remuneration and social security | 45 | €17,446 | €23,279 | +€5,833 | +33.4% |
| Taxes | 450/3 | €17,446 | €23,279 | +€5,833 | +33.4% |
| Other amounts payable | 47/48 | €143,561 | €132,127 | -€11,434 | -8.0% |
| Accrued charges and deferred income | 492/3 | €1,792 | €3,360 | +€1,568 | +87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,041 | €1,743 | -€299 | -14.6% |
| Other operating charges | 640/8 | - | €28 | +€28 | |
| Gross operating margin | 9900 | €33,549 | €16,773 | -€16,776 | -50.0% |
| Operating profit (loss) | 9901 | €31,508 | €15,002 | -€16,506 | -52.4% |
| Financial income | 75/76B | €586 | €286 | -€300 | -51.2% |
| Recurring financial income | 75 | €586 | €286 | -€300 | -51.2% |
| Financial charges | 65/66B | €3,296 | €2,846 | -€451 | -13.7% |
| Recurring financial charges | 65 | €3,296 | €2,846 | -€451 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €28,797 | €12,442 | -€16,355 | -56.8% |
| Income taxes | 67/77 | €9,572 | €4,252 | -€5,320 | -55.6% |
| Profit (loss) for the period | 9904 | €19,225 | €8,190 | -€11,035 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,225 | €8,190 | -€11,035 | -57.4% |
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.