SDLW: 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.
SDLW
Largest movements
- Cash +€34,513
up €34,513 (+48.5%), from €71,229 to €105,741
mainly Net result for the year (+€56,258) and Receivables within one year (+€32,497)
- Receivables within one year -€32,497
down €32,497 (-53.7%), from €60,499 to €28,002
- Reserves +€56,258
up €56,258 (+133.8%), from €42,043 to €98,301
- Tax, wage and social debts -€52,910
down €52,910 (-83.1%), from €63,692 to €10,782
of which Remuneration and social security: -€30,500
- Trade debts -€3,832
down €3,832 (-63.2%), from €6,058 to €2,227
- Other debts +€2,500
up €2,500 (+12.5%), from €19,934 to €22,434
- Gross operating margin +€18,689
up €18,689 (+35.3%), from €52,952 to €71,640
- Taxes +€3,594
up €3,594 (+33.0%), from €10,886 to €14,480
- Other operating charges +€857
new in 2025: €857
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 | €131,727 | €133,743 | +€2,016 | +1.5% |
| Current assets | 29/58 | €131,727 | €133,743 | +€2,016 | +1.5% |
| Amounts receivable within one year | 40/41 | €60,499 | €28,002 | -€32,497 | -53.7% |
| Trade receivables | 40 | €60,499 | €28,002 | -€32,497 | -53.7% |
| Cash at bank and in hand | 54/58 | €71,229 | €105,741 | +€34,513 | +48.5% |
| Total equity and liabilities | 10/49 | €131,727 | €133,743 | +€2,016 | +1.5% |
| Equity | 10/15 | €42,043 | €98,301 | +€56,258 | +133.8% |
| Reserves | 13 | €42,043 | €98,301 | +€56,258 | +133.8% |
| Distributable reserves | 133 | €42,043 | €98,301 | +€56,258 | +133.8% |
| Amounts payable | 17/49 | €89,684 | €35,442 | -€54,242 | -60.5% |
| Amounts payable within one year | 42/48 | €89,684 | €35,442 | -€54,242 | -60.5% |
| Trade debts | 44 | €6,058 | €2,227 | -€3,832 | -63.2% |
| Suppliers | 440/4 | €6,058 | €2,227 | -€3,832 | -63.2% |
| Taxes, remuneration and social security | 45 | €63,692 | €10,782 | -€52,910 | -83.1% |
| Taxes | 450/3 | €33,192 | €10,782 | -€22,410 | -67.5% |
| Remuneration and social security | 454/9 | €30,500 | €0 | -€30,500 | -100.0% |
| Other amounts payable | 47/48 | €19,934 | €22,434 | +€2,500 | +12.5% |
| Other operating charges | 640/8 | - | €857 | +€857 | |
| Gross operating margin | 9900 | €52,952 | €71,640 | +€18,689 | +35.3% |
| Operating profit (loss) | 9901 | €52,952 | €70,783 | +€17,831 | +33.7% |
| Financial charges | 65/66B | €23 | €45 | +€23 | +101.8% |
| Recurring financial charges | 65 | €23 | €45 | +€23 | +101.8% |
| Profit (loss) for the period before taxes | 9903 | €52,929 | €70,738 | +€17,809 | +33.6% |
| Income taxes | 67/77 | €10,886 | €14,480 | +€3,594 | +33.0% |
| Profit (loss) for the period | 9904 | €42,043 | €56,258 | +€14,214 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,043 | €56,258 | +€14,214 | +33.8% |
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 10 October 2026 via checked.be.