SDLL-I: 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.
SDLL-I
Largest movements
- Receivables within one year -€74,143
down €74,143 (-36.4%), from €203,444 to €129,301
of which Trade receivables: -€85,538
- Receivables after one year -€43,500
down €43,500 (-100%), from €43,500 to €0
- Cash -€9,388
down €9,388 (-61.4%), from €15,286 to €5,897
mainly Trade debts (-€105,902) and Contributions, distributions and other (-€65,500)
- Tangible fixed assets -€5,915
down €5,915 (-34.2%), from €17,309 to €11,394
of which Other tangible fixed assets: -€4,712
- Trade debts -€105,902
down €105,902 (-96.4%), from €109,844 to €3,942
- Debts after one year -€15,594
down €15,594 (-100%), from €15,594 to €0
- Profit (loss) carried forward -€14,623
down €14,623 (-12.4%), from €117,817 to €103,194
- Other debts +€4,332
up €4,332 (+314%), from €1,381 to €5,713
- Gross operating margin +€8,454
up €8,454 (+13.9%), from €60,834 to €69,287
- Taxes +€1,665
up €1,665 (+14.2%), from €11,690 to €13,355
- Other operating charges -€1,122
down €1,122 (-72.1%), from €1,557 to €435
- Financial charges -€925
down €925 (-50.6%), from €1,828 to €902
- Depreciation -€696
down €696 (-10.5%), from €6,611 to €5,915
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 | €286,776 | €153,997 | -€132,779 | -46.3% |
| Fixed assets | 21/28 | €22,019 | €16,104 | -€5,915 | -26.9% |
| Tangible fixed assets | 22/27 | €17,309 | €11,394 | -€5,915 | -34.2% |
| Furniture and vehicles | 24 | €2,356 | €1,154 | -€1,203 | -51.0% |
| Other tangible fixed assets | 26 | €14,953 | €10,241 | -€4,712 | -31.5% |
| Financial fixed assets | 28 | €4,710 | €4,710 | = | 0.0% |
| Current assets | 29/58 | €264,757 | €137,892 | -€126,864 | -47.9% |
| Amounts receivable after more than one year | 29 | €43,500 | €0 | -€43,500 | -100% |
| Other amounts receivable | 291 | €43,500 | €0 | -€43,500 | -100% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €203,444 | €129,301 | -€74,143 | -36.4% |
| Trade receivables | 40 | €203,191 | €117,653 | -€85,538 | -42.1% |
| Other amounts receivable | 41 | €253 | €11,648 | +€11,395 | +4,510% |
| Cash at bank and in hand | 54/58 | €15,286 | €5,897 | -€9,388 | -61.4% |
| Deferred charges and accrued income | 490/1 | €2,527 | €2,694 | +€167 | +6.6% |
| Total equity and liabilities | 10/49 | €286,776 | €153,997 | -€132,779 | -46.3% |
| Equity | 10/15 | €118,817 | €104,194 | -€14,623 | -12.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,817 | €103,194 | -€14,623 | -12.4% |
| Amounts payable | 17/49 | €167,959 | €49,803 | -€118,156 | -70.3% |
| Amounts payable after more than one year | 17 | €15,594 | €0 | -€15,594 | -100% |
| Financial debts | 170/4 | €15,594 | €0 | -€15,594 | -100% |
| Amounts payable within one year | 42/48 | €152,365 | €49,803 | -€102,562 | -67.3% |
| Current portion of amounts payable after more than one year | 42 | €16,692 | €18,392 | +€1,700 | +10.2% |
| Financial debts | 43 | €114 | €0 | -€114 | -100% |
| Credit institutions | 430/8 | €114 | €0 | -€114 | -100% |
| Trade debts | 44 | €109,844 | €3,942 | -€105,902 | -96.4% |
| Suppliers | 440/4 | €109,844 | €3,942 | -€105,902 | -96.4% |
| Taxes, remuneration and social security | 45 | €24,334 | €21,756 | -€2,578 | -10.6% |
| Taxes | 450/3 | €24,334 | €21,756 | -€2,578 | -10.6% |
| Other amounts payable | 47/48 | €1,381 | €5,713 | +€4,332 | +314% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,611 | €5,915 | -€696 | -10.5% |
| Other operating charges | 640/8 | €1,557 | €435 | -€1,122 | -72.1% |
| Gross operating margin | 9900 | €60,834 | €69,287 | +€8,454 | +13.9% |
| Operating profit (loss) | 9901 | €52,666 | €62,938 | +€10,272 | +19.5% |
| Financial income | 75/76B | €2,538 | €2,197 | -€342 | -13.5% |
| Recurring financial income | 75 | €2,538 | €2,197 | -€342 | -13.5% |
| Financial charges | 65/66B | €1,828 | €902 | -€925 | -50.6% |
| Recurring financial charges | 65 | €1,828 | €902 | -€925 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €53,376 | €64,232 | +€10,856 | +20.3% |
| Income taxes | 67/77 | €11,690 | €13,355 | +€1,665 | +14.2% |
| Profit (loss) for the period | 9904 | €41,686 | €50,877 | +€9,191 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,686 | €50,877 | +€9,191 | +22.0% |
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 17 October 2026 via checked.be.