SDM GROUP: 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.
SDM GROUP
Largest movements
- Receivables within one year +€486,079
up €486,079 (+766.7%), from €63,397 to €549,477
of which Trade receivables: +€434,715
- Stocks and contracts +€9,000
new in 2024: €9,000
- Cash +€8,726
up €8,726 (+39.7%), from €21,952 to €30,678
mainly Net result for the year (+€269,258) and Trade debts (+€163,976)
- Profit (loss) carried forward +€269,258
up €269,258 (+1063.8%), from €25,310 to €294,568
- Trade debts +€163,976
up €163,976 (+328.9%), from €49,855 to €213,831
- Tax, wage and social debts +€66,578
up €66,578 (+1682.6%), from €3,957 to €70,535
- Turnover +€1.3m
new in 2024: €1.3m
- Purchases and services +€965,746
new in 2024: €965,746
- Gross operating margin +€339,571
up €339,571 (+7019.5%), from €4,838 to €344,408
- Taxes +€72,990
up €72,990 (+9935.9%), from €735 to €73,725
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,234 | €592,650 | +€505,416 | +579.4% |
| Fixed assets | 21/28 | €285 | €1,896 | +€1,611 | +565.3% |
| Tangible fixed assets | 22/27 | - | €1,611 | +€1,611 | |
| Plant, machinery and equipment | 23 | - | €1,611 | +€1,611 | |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €86,949 | €590,754 | +€503,805 | +579.4% |
| Stocks and contracts in progress | 3 | - | €9,000 | +€9,000 | |
| Stocks | 30/36 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €63,397 | €549,477 | +€486,079 | +766.7% |
| Trade receivables | 40 | €53,146 | €487,862 | +€434,715 | +818.0% |
| Other amounts receivable | 41 | €10,251 | €61,615 | +€51,364 | +501.1% |
| Cash at bank and in hand | 54/58 | €21,952 | €30,678 | +€8,726 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €87,234 | €592,650 | +€505,416 | +579.4% |
| Equity | 10/15 | €33,370 | €302,628 | +€269,258 | +806.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,310 | €294,568 | +€269,258 | +1063.8% |
| Amounts payable | 17/49 | €53,864 | €290,022 | +€236,158 | +438.4% |
| Amounts payable within one year | 42/48 | €53,864 | €286,818 | +€232,954 | +432.5% |
| Trade debts | 44 | €49,855 | €213,831 | +€163,976 | +328.9% |
| Suppliers | 440/4 | €49,855 | €213,831 | +€163,976 | +328.9% |
| Taxes, remuneration and social security | 45 | €3,957 | €70,535 | +€66,578 | +1682.6% |
| Taxes | 450/3 | €3,957 | €70,535 | +€66,578 | +1682.6% |
| Other amounts payable | 47/48 | €52 | €2,452 | +€2,400 | +4619.8% |
| Accrued charges and deferred income | 492/3 | - | €3,204 | +€3,204 | |
| Turnover | 70 | - | €1,310,155 | +€1.3m | |
| Non-recurring operating income | 76A | €23,967 | - | -€23,967 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €965,746 | +€965,746 | |
| Other operating charges | 640/8 | €1,337 | €1,346 | +€9 | +0.7% |
| Gross operating margin | 9900 | €4,838 | €344,408 | +€339,571 | +7019.5% |
| Operating profit (loss) | 9901 | €3,500 | €343,062 | +€339,562 | +9700.6% |
| Financial income | 75/76B | €168 | €193 | +€25 | +15.0% |
| Recurring financial income | 75 | €168 | €4 | -€164 | -97.5% |
| Non-recurring financial income | 76B | - | €189 | +€189 | |
| Financial charges | 65/66B | €320 | €272 | -€48 | -15.0% |
| Recurring financial charges | 65 | €320 | €272 | -€48 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €3,348 | €342,983 | +€339,635 | +10143.0% |
| Income taxes | 67/77 | €735 | €73,725 | +€72,990 | +9935.9% |
| Profit (loss) for the period | 9904 | €2,614 | €269,258 | +€266,644 | +10201.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,614 | €269,258 | +€266,644 | +10201.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.