SDMI: 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.
What changed
SDMI
NACE 58.290, Other software publishing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,303
2024 · €6,004+€12,299
Equity
€141,379
2024 · €141,833-€454
Cash
€24,493
2024 · €23,639+€854
Balance sheet total
€213,789
2024 · €235,597-€21,808
Largest movements
Assets
- Tangible fixed assets -€12,352
down €12,352 (-10.7%), from €115,676 to €103,324
of which Land and buildings: -€11,477
- Receivables after one year -€10,000
down €10,000 (-18.1%), from €55,200 to €45,200
Equity and liabilities
- Debts after one year -€12,132
down €12,132 (-18.3%), from €66,400 to €54,268
- Short-term financial debts -€3,935
no longer reported in 2025 (was €3,935)
Income statement
- Gross operating margin +€17,132
up €17,132 (+58.5%), from €29,274 to €46,406
- Taxes +€4,755
up €4,755 (+143.0%), from €3,326 to €8,081
- Financial charges -€741
down €741 (-13.2%), from €5,612 to €4,871
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.
Result 2024
€6,004
Gross operating margin
+€17,132
Depreciation
-€233
Other operating charges
-€222
Financial income
-€363
Financial charges
+€741
Taxes
-€4,755
Result 2025
€18,303
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.
From operations
+€36,773
Investment
-€1,518
Financing
-€34,400
Cash 2024
€23,639
From operations (derived)
+€36,773
Net result for the year
+€18,303
Depreciation
+€13,870
Receivables after one year
+€10,000
Receivables within one year
+€1,794
Deferred charges and accrued income
-€1,484
Trade debts
-€1,739
Tax, wage and social debts
-€2,058
Other debts
-€777
Accrued charges and deferred income
-€1,137
Investment (derived)
-€1,518
Investment in fixed assets (net)
-€1,518
Financing
-€34,400
Debts after one year
-€12,132
Current portion of long-term debt
+€424
Short-term financial debts
-€3,935
Contributions, distributions and other
-€18,756
Cash 2025
€24,493
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,597 | €213,789 | -€21,808 | -9.3% |
| Fixed assets | 21/28 | €115,676 | €103,324 | -€12,352 | -10.7% |
| Tangible fixed assets | 22/27 | €115,676 | €103,324 | -€12,352 | -10.7% |
| Land and buildings | 22 | €108,863 | €97,386 | -€11,477 | -10.5% |
| Plant, machinery and equipment | 23 | €3,174 | €2,397 | -€777 | -24.5% |
| Furniture and vehicles | 24 | €3,640 | €3,542 | -€98 | -2.7% |
| Current assets | 29/58 | €119,921 | €110,465 | -€9,456 | -7.9% |
| Amounts receivable after more than one year | 29 | €55,200 | €45,200 | -€10,000 | -18.1% |
| Other amounts receivable | 291 | €55,200 | €45,200 | -€10,000 | -18.1% |
| Amounts receivable within one year | 40/41 | €38,465 | €36,671 | -€1,794 | -4.7% |
| Trade receivables | 40 | €30,460 | €26,771 | -€3,689 | -12.1% |
| Other amounts receivable | 41 | €8,005 | €9,900 | +€1,895 | +23.7% |
| Cash at bank and in hand | 54/58 | €23,639 | €24,493 | +€854 | +3.6% |
| Deferred charges and accrued income | 490/1 | €2,617 | €4,101 | +€1,484 | +56.7% |
| Total equity and liabilities | 10/49 | €235,597 | €213,789 | -€21,808 | -9.3% |
| Equity | 10/15 | €141,833 | €141,379 | -€454 | -0.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €141,733 | €141,279 | -€454 | -0.3% |
| Distributable reserves | 133 | €141,733 | €141,279 | -€454 | -0.3% |
| Amounts payable | 17/49 | €93,764 | €72,410 | -€21,354 | -22.8% |
| Amounts payable after more than one year | 17 | €66,400 | €54,268 | -€12,132 | -18.3% |
| Financial debts | 170/4 | €66,400 | €54,268 | -€12,132 | -18.3% |
| Amounts payable within one year | 42/48 | €25,036 | €16,951 | -€8,085 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €11,708 | €12,132 | +€424 | +3.6% |
| Financial debts | 43 | €3,935 | - | -€3,935 | |
| Credit institutions | 430/8 | €3,935 | - | -€3,935 | |
| Trade debts | 44 | €3,445 | €1,707 | -€1,739 | -50.5% |
| Suppliers | 440/4 | €3,445 | €1,707 | -€1,739 | -50.5% |
| Taxes, remuneration and social security | 45 | €4,786 | €2,728 | -€2,058 | -43.0% |
| Taxes | 450/3 | €4,786 | €2,728 | -€2,058 | -43.0% |
| Other amounts payable | 47/48 | €1,161 | €384 | -€777 | -66.9% |
| Accrued charges and deferred income | 492/3 | €2,329 | €1,192 | -€1,137 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,637 | €13,870 | +€233 | +1.7% |
| Other operating charges | 640/8 | €2,162 | €2,385 | +€222 | +10.3% |
| Gross operating margin | 9900 | €29,274 | €46,406 | +€17,132 | +58.5% |
| Operating profit (loss) | 9901 | €13,474 | €30,151 | +€16,677 | +123.8% |
| Financial income | 75/76B | €1,467 | €1,104 | -€363 | -24.8% |
| Recurring financial income | 75 | €1,467 | €1,104 | -€363 | -24.8% |
| Financial charges | 65/66B | €5,612 | €4,871 | -€741 | -13.2% |
| Recurring financial charges | 65 | €5,612 | €4,871 | -€741 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €9,330 | €26,384 | +€17,054 | +182.8% |
| Income taxes | 67/77 | €3,326 | €8,081 | +€4,755 | +143.0% |
| Profit (loss) for the period | 9904 | €6,004 | €18,303 | +€12,299 | +204.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,004 | €18,303 | +€12,299 | +204.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.