SDMO: 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.
What changed
SDMO
NACE 33.200, Installation of industrial machinery and equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€944,258
2024 · €13,266+€930,992
Equity
€2.0m
2024 · €1.1m+€944,258
Cash
€1.4m
2024 · €776,128+€668,083
Balance sheet total
€4.1m
2024 · €1.8m+€2.3m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+607.2%), from €274,865 to €1.9m
of which Trade receivables: +€1.7m
- Cash +€668,083
up €668,083 (+86.1%), from €776,128 to €1.4m
mainly Trade debts (+€1.5m) and Net result for the year (+€944,258)
Equity and liabilities
- Trade debts +€1.5m
up €1.5m (+471.4%), from €321,635 to €1.8m
- Profit (loss) carried forward +€944,258
up €944,258 (+146.6%), from €644,018 to €1.6m
- Advances received -€121,090
down €121,090 (-44.9%), from €269,976 to €148,886
Income statement
- Turnover +€8.7m
up €8.7m (+260.8%), from €3.3m to €12.0m
- Goods and materials +€7.4m
up €7.4m (+271.5%), from €2.7m to €10.2m
of which Purchases: +€7.4m
- Taxes +€282,837
up €282,837 (+1612.6%), from €17,539 to €300,376
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
€13,266
Turnover
+€8.7m
Other operating income
-€47,688
Goods and materials
-€7.4m
Services and other goods
+€15,793
Staff costs
+€3,961
Depreciation
+€137
Write-downs
+€21,474
Other operating charges
-€987
Financial income
-€843
Financial charges
-€23,482
Taxes
-€282,837
Result 2025
€944,258
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
+€667,863
Investment
+€220
Financing
€0
Cash 2024
€776,128
From operations (derived)
+€667,863
Net result for the year
+€944,258
Depreciation
+€1,097
Smaller working-capital items
+€2,092
Receivables within one year
-€1.7m
Trade debts
+€1.5m
Advances received
-€121,090
Accrued charges and deferred income
-€5,674
Investment (derived)
+€220
Investment in fixed assets (net)
+€220
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,766,205 | €4,102,183 | +€2.3m | +132.3% |
| Fixed assets | 21/28 | €1,880 | €563 | -€1,317 | -70.0% |
| Tangible fixed assets | 22/27 | €1,880 | €563 | -€1,317 | -70.0% |
| Plant, machinery and equipment | 23 | €1,201 | €19 | -€1,181 | -98.4% |
| Furniture and vehicles | 24 | €680 | €544 | -€136 | -20.0% |
| Current assets | 29/58 | €1,764,325 | €4,101,619 | +€2.3m | +132.5% |
| Amounts receivable after more than one year | 29 | €701,287 | €701,037 | -€250 | 0.0% |
| Other amounts receivable | 291 | €701,287 | €701,037 | -€250 | 0.0% |
| Stocks and contracts in progress | 3 | €11,858 | €12,315 | +€457 | +3.9% |
| Stocks | 30/36 | €11,858 | €12,315 | +€457 | +3.9% |
| Goods purchased for resale | 34 | €11,858 | €12,315 | +€457 | +3.9% |
| Amounts receivable within one year | 40/41 | €274,865 | €1,943,822 | +€1.7m | +607.2% |
| Trade receivables | 40 | €273,476 | €1,943,443 | +€1.7m | +610.6% |
| Other amounts receivable | 41 | €1,389 | €380 | -€1,009 | -72.7% |
| Cash at bank and in hand | 54/58 | €776,128 | €1,444,211 | +€668,083 | +86.1% |
| Deferred charges and accrued income | 490/1 | €187 | €234 | +€47 | +25.0% |
| Total equity and liabilities | 10/49 | €1,766,205 | €4,102,183 | +€2.3m | +132.3% |
| Equity | 10/15 | €1,054,018 | €1,998,276 | +€944,258 | +89.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €310,000 | €310,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €644,018 | €1,588,276 | +€944,258 | +146.6% |
| Amounts payable | 17/49 | €712,187 | €2,103,907 | +€1.4m | +195.4% |
| Amounts payable within one year | 42/48 | €703,370 | €2,100,764 | +€1.4m | +198.7% |
| Trade debts | 44 | €321,635 | €1,837,773 | +€1.5m | +471.4% |
| Suppliers | 440/4 | €321,635 | €1,837,773 | +€1.5m | +471.4% |
| Advances received on contracts in progress | 46 | €269,976 | €148,886 | -€121,090 | -44.9% |
| Taxes, remuneration and social security | 45 | €111,760 | €114,105 | +€2,345 | +2.1% |
| Taxes | 450/3 | €19,655 | €63,941 | +€44,286 | +225.3% |
| Remuneration and social security | 454/9 | €92,104 | €50,164 | -€41,940 | -45.5% |
| Accrued charges and deferred income | 492/3 | €8,817 | €3,143 | -€5,674 | -64.4% |
| Operating income | 70/76A | €3,440,296 | €12,086,800 | +€8.6m | +251.3% |
| Turnover | 70 | €3,333,830 | €12,028,022 | +€8.7m | +260.8% |
| Other operating income | 74 | €106,466 | €58,778 | -€47,688 | -44.8% |
| Operating charges | 60/66A | €3,427,428 | €10,835,778 | +€7.4m | +216.1% |
| Goods for resale, raw materials and consumables | 60 | €2,743,985 | €10,192,714 | +€7.4m | +271.5% |
| Purchases | 600/8 | €2,746,330 | €10,193,171 | +€7.4m | +271.2% |
| Change in stocks: decrease (increase) | 609 | -€2,345 | -€457 | +€1,888 | +80.5% |
| Services and other goods | 61 | €157,989 | €142,197 | -€15,793 | -10.0% |
| Remuneration, social security and pensions | 62 | €524,038 | €520,077 | -€3,961 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,234 | €1,097 | -€137 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,133 | -€22,608 | -€21,474 | -1894.8% |
| Other operating charges | 640/8 | €1,315 | €2,302 | +€987 | +75.1% |
| Operating profit (loss) | 9901 | €12,868 | €1,251,022 | +€1.2m | +9622.1% |
| Financial income | 75/76B | €26,133 | €25,290 | -€843 | -3.2% |
| Recurring financial income | 75 | €26,133 | €25,290 | -€843 | -3.2% |
| Other financial income | 752/9 | €26,133 | €25,290 | -€843 | -3.2% |
| Financial charges | 65/66B | €8,196 | €31,678 | +€23,482 | +286.5% |
| Recurring financial charges | 65 | €8,196 | €31,678 | +€23,482 | +286.5% |
| Debt charges | 650 | €191 | €203 | +€13 | +6.6% |
| Other financial charges | 652/9 | €8,005 | €31,474 | +€23,470 | +293.2% |
| Profit (loss) for the period before taxes | 9903 | €30,805 | €1,244,634 | +€1.2m | +3940.3% |
| Income taxes | 67/77 | €17,539 | €300,376 | +€282,837 | +1612.6% |
| Taxes | 670/3 | €17,539 | €300,376 | +€282,837 | +1612.6% |
| Profit (loss) for the period | 9904 | €13,266 | €944,258 | +€930,992 | +7017.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,266 | €944,258 | +€930,992 | +7017.8% |
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 10 October 2026 via checked.be.