SDM-Technics: 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-Technics
Largest movements
- Tangible fixed assets +€900,031
up €900,031 (+353.9%), from €254,326 to €1.2m
of which Land and buildings: +€721,371
- Stocks and contracts +€643,081
up €643,081 (+222.4%), from €289,199 to €932,280
of which Contracts in progress: +€648,601
- Receivables within one year -€399,802
down €399,802 (-18.1%), from €2.2m to €1.8m
of which Trade receivables: -€441,920
- Cash -€312,628
down €312,628 (-28.4%), from €1.1m to €789,176
mainly Short-term financial debts (-€2.1m) and Investment in fixed assets (net) (-€1.0m)
- Short-term financial debts -€2.1m
no longer reported in 2025 (was €2.1m)
- Debts after one year +€1.5m
up €1.5m (+4344.7%), from €35,670 to €1.6m
of which Other amounts payable: +€1.6m
- Profit (loss) carried forward +€705,743
up €705,743 (+55.8%), from €1.3m to €2.0m
- Current portion of long-term debt +€404,519
up €404,519 (+992.6%), from €40,753 to €445,272
- Trade debts +€400,631
up €400,631 (+61.9%), from €647,511 to €1.0m
- Gross operating margin -€1.3m
down €1.3m (-22.3%), from €5.8m to €4.5m
- Staff costs -€1.2m
down €1.2m (-31.3%), from €3.9m to €2.7m
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 | €5,926,324 | €6,756,081 | +€829,756 | +14.0% |
| Fixed assets | 21/28 | €2,311,986 | €3,212,016 | +€900,031 | +38.9% |
| Tangible fixed assets | 22/27 | €254,326 | €1,154,356 | +€900,031 | +353.9% |
| Land and buildings | 22 | €53,920 | €775,292 | +€721,371 | +1337.8% |
| Plant, machinery and equipment | 23 | €70,621 | €154,634 | +€84,013 | +119.0% |
| Furniture and vehicles | 24 | €129,784 | €224,430 | +€94,647 | +72.9% |
| Financial fixed assets | 28 | €2,057,660 | €2,057,660 | = | 0.0% |
| Current assets | 29/58 | €3,614,339 | €3,544,065 | -€70,274 | -1.9% |
| Stocks and contracts in progress | 3 | €289,199 | €932,280 | +€643,081 | +222.4% |
| Stocks | 30/36 | €38,370 | €32,850 | -€5,520 | -14.4% |
| Contracts in progress | 37 | €250,829 | €899,430 | +€648,601 | +258.6% |
| Amounts receivable within one year | 40/41 | €2,205,546 | €1,805,744 | -€399,802 | -18.1% |
| Trade receivables | 40 | €2,197,146 | €1,755,226 | -€441,920 | -20.1% |
| Other amounts receivable | 41 | €8,400 | €50,518 | +€42,118 | +501.4% |
| Cash at bank and in hand | 54/58 | €1,101,804 | €789,176 | -€312,628 | -28.4% |
| Deferred charges and accrued income | 490/1 | €17,790 | €16,864 | -€926 | -5.2% |
| Total equity and liabilities | 10/49 | €5,926,324 | €6,756,081 | +€829,756 | +14.0% |
| Equity | 10/15 | €1,719,581 | €2,425,324 | +€705,743 | +41.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €255,000 | €255,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €235,000 | €235,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,264,581 | €1,970,324 | +€705,743 | +55.8% |
| Amounts payable | 17/49 | €4,206,743 | €4,330,757 | +€124,014 | +2.9% |
| Amounts payable after more than one year | 17 | €35,670 | €1,585,394 | +€1.5m | +4344.7% |
| Financial debts | 170/4 | €35,670 | €10,394 | -€25,275 | -70.9% |
| Other amounts payable | 178/9 | - | €1,575,000 | +€1.6m | |
| Amounts payable within one year | 42/48 | €3,946,479 | €2,267,950 | -€1.7m | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €40,753 | €445,272 | +€404,519 | +992.6% |
| Financial debts | 43 | €2,055,000 | - | -€2.1m | |
| Other loans | 439 | €2,055,000 | - | -€2.1m | |
| Trade debts | 44 | €647,511 | €1,048,142 | +€400,631 | +61.9% |
| Suppliers | 440/4 | €647,511 | €1,048,142 | +€400,631 | +61.9% |
| Taxes, remuneration and social security | 45 | €603,216 | €274,537 | -€328,679 | -54.5% |
| Taxes | 450/3 | €224,602 | €58,496 | -€166,106 | -74.0% |
| Remuneration and social security | 454/9 | €378,613 | €216,041 | -€162,573 | -42.9% |
| Other amounts payable | 47/48 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | €224,594 | €477,412 | +€252,817 | +112.6% |
| Remuneration, social security and pensions | 62 | €3,925,605 | €2,698,392 | -€1.2m | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,044 | €103,444 | -€13,600 | -11.6% |
| Other operating charges | 640/8 | €9,446 | €3,924 | -€5,522 | -58.5% |
| Gross operating margin | 9900 | €5,807,649 | €4,511,743 | -€1.3m | -22.3% |
| Operating profit (loss) | 9901 | €1,755,553 | €1,705,982 | -€49,572 | -2.8% |
| Financial income | 75/76B | €33,024 | €16,868 | -€16,156 | -48.9% |
| Recurring financial income | 75 | €33,024 | €16,868 | -€16,156 | -48.9% |
| Financial charges | 65/66B | €38,268 | €81,885 | +€43,617 | +114.0% |
| Recurring financial charges | 65 | €38,268 | €81,885 | +€43,617 | +114.0% |
| Profit (loss) for the period before taxes | 9903 | €1,750,309 | €1,640,965 | -€109,345 | -6.2% |
| Income taxes | 67/77 | €473,981 | €435,222 | -€38,759 | -8.2% |
| Profit (loss) for the period | 9904 | €1,276,329 | €1,205,743 | -€70,586 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,276,329 | €1,205,743 | -€70,586 | -5.5% |
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 8 October 2026 via checked.be.