SDMD Partners: 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.
SDMD Partners
Largest movements
- Cash +€63,607
up €63,607 (+1256.2%), from €5,063 to €68,670
mainly Net result for the year (+€58,365) and Tax, wage and social debts (+€17,427)
- Receivables after one year +€8,500
new in 2025: €8,500
- Deferred charges and accrued income +€4,228
up €4,228 (+703.2%), from €601 to €4,830
- Receivables within one year -€2,160
down €2,160 (-13.3%), from €16,211 to €14,051
of which Other amounts receivable: -€1,606
- Tangible fixed assets +€1,248
new in 2025: €1,248
- Profit (loss) carried forward +€58,365
up €58,365 (+522.8%), from €11,165 to €69,530
- Tax, wage and social debts +€17,427
up €17,427 (+237.2%), from €7,348 to €24,775
- Gross operating margin +€60,045
up €60,045 (+430.0%), from €13,963 to €74,008
- Taxes +€12,990
up €12,990 (+461.6%), from €2,814 to €15,804
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 | €21,876 | €97,298 | +€75,423 | +344.8% |
| Fixed assets | 21/28 | - | €1,248 | +€1,248 | |
| Tangible fixed assets | 22/27 | - | €1,248 | +€1,248 | |
| Furniture and vehicles | 24 | - | €1,248 | +€1,248 | |
| Current assets | 29/58 | €21,876 | €96,051 | +€74,175 | +339.1% |
| Amounts receivable after more than one year | 29 | - | €8,500 | +€8,500 | |
| Other amounts receivable | 291 | - | €8,500 | +€8,500 | |
| Amounts receivable within one year | 40/41 | €16,211 | €14,051 | -€2,160 | -13.3% |
| Trade receivables | 40 | €14,605 | €14,051 | -€554 | -3.8% |
| Other amounts receivable | 41 | €1,606 | €0 | -€1,606 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,063 | €68,670 | +€63,607 | +1256.2% |
| Deferred charges and accrued income | 490/1 | €601 | €4,830 | +€4,228 | +703.2% |
| Total equity and liabilities | 10/49 | €21,876 | €97,298 | +€75,423 | +344.8% |
| Equity | 10/15 | €13,165 | €71,530 | +€58,365 | +443.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,165 | €69,530 | +€58,365 | +522.8% |
| Amounts payable | 17/49 | €8,711 | €25,768 | +€17,057 | +195.8% |
| Amounts payable within one year | 42/48 | €7,802 | €25,768 | +€17,966 | +230.3% |
| Trade debts | 44 | €454 | €328 | -€126 | -27.8% |
| Suppliers | 440/4 | €454 | €328 | -€126 | -27.8% |
| Taxes, remuneration and social security | 45 | €7,348 | €24,775 | +€17,427 | +237.2% |
| Taxes | 450/3 | €7,348 | €24,775 | +€17,427 | +237.2% |
| Other amounts payable | 47/48 | - | €665 | +€665 | |
| Accrued charges and deferred income | 492/3 | €908 | €0 | -€908 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24 | +€24 | |
| Gross operating margin | 9900 | €13,963 | €74,008 | +€60,045 | +430.0% |
| Operating profit (loss) | 9901 | €13,963 | €73,984 | +€60,021 | +429.9% |
| Financial income | 75/76B | €16 | €201 | +€185 | +1157.8% |
| Recurring financial income | 75 | €16 | €201 | +€185 | +1157.8% |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €13,979 | €74,170 | +€60,191 | +430.6% |
| Income taxes | 67/77 | €2,814 | €15,804 | +€12,990 | +461.6% |
| Profit (loss) for the period | 9904 | €11,165 | €58,365 | +€47,200 | +422.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,165 | €58,365 | +€47,200 | +422.8% |
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 9 October 2026 via checked.be.