SDMIMGMT: 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.
SDMIMGMT
Largest movements
- Deferred charges and accrued income +€36,673
up €36,673 (+6481.8%), from €566 to €37,238
- Receivables within one year -€22,172
down €22,172 (-73.3%), from €30,250 to €8,078
of which Trade receivables: -€23,354
- Cash +€1,226
up €1,226 (+77.2%), from €1,587 to €2,813
mainly Receivables within one year (+€22,172) and Other debts (+€20,024)
- Other debts +€20,024
up €20,024 (+70.2%), from €28,509 to €48,533
- Profit (loss) carried forward -€5,875
down €5,875 (-145.6%), from -€4,035 to -€9,910
- Trade debts +€2,363
up €2,363 (+123.0%), from €1,922 to €4,284
- Tax, wage and social debts -€786
down €786 (-17.4%), from €4,509 to €3,723
- Gross operating margin -€1,351
down €1,351 (-51.1%), from -€2,641 to -€3,991
- Financial charges +€654
up €654 (+140.0%), from €468 to €1,122
- Other operating charges -€211
down €211 (-26.6%), from €792 to €581
- Taxes +€45
up €45 (+33.6%), from €135 to €180
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 | €33,903 | €49,630 | +€15,726 | +46.4% |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €32,403 | €48,130 | +€15,726 | +48.5% |
| Amounts receivable within one year | 40/41 | €30,250 | €8,078 | -€22,172 | -73.3% |
| Trade receivables | 40 | €30,250 | €6,896 | -€23,354 | -77.2% |
| Other amounts receivable | 41 | - | €1,182 | +€1,182 | |
| Cash at bank and in hand | 54/58 | €1,587 | €2,813 | +€1,226 | +77.2% |
| Deferred charges and accrued income | 490/1 | €566 | €37,238 | +€36,673 | +6481.8% |
| Total equity and liabilities | 10/49 | €33,903 | €49,630 | +€15,726 | +46.4% |
| Equity | 10/15 | -€1,035 | -€6,910 | -€5,875 | -567.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,035 | -€9,910 | -€5,875 | -145.6% |
| Amounts payable | 17/49 | €34,939 | €56,540 | +€21,601 | +61.8% |
| Amounts payable within one year | 42/48 | €34,939 | €56,540 | +€21,601 | +61.8% |
| Trade debts | 44 | €1,922 | €4,284 | +€2,363 | +123.0% |
| Suppliers | 440/4 | €1,922 | €4,284 | +€2,363 | +123.0% |
| Taxes, remuneration and social security | 45 | €4,509 | €3,723 | -€786 | -17.4% |
| Taxes | 450/3 | €4,509 | €3,723 | -€786 | -17.4% |
| Other amounts payable | 47/48 | €28,509 | €48,533 | +€20,024 | +70.2% |
| Non-recurring operating income | 76A | - | €5,549 | +€5,549 | |
| Other operating charges | 640/8 | €792 | €581 | -€211 | -26.6% |
| Gross operating margin | 9900 | -€2,641 | -€3,991 | -€1,351 | -51.1% |
| Operating profit (loss) | 9901 | -€3,433 | -€4,572 | -€1,140 | -33.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €468 | €1,122 | +€654 | +140.0% |
| Recurring financial charges | 65 | €468 | €1,122 | +€654 | +140.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,900 | -€5,694 | -€1,794 | -46.0% |
| Income taxes | 67/77 | €135 | €180 | +€45 | +33.6% |
| Profit (loss) for the period | 9904 | -€4,035 | -€5,875 | -€1,839 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,035 | -€5,875 | -€1,839 | -45.6% |
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 7 October 2026 via checked.be.