SDNL GROUP: 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.
SDNL GROUP
Largest movements
- Receivables within one year +€103,754
up €103,754 (+1078.9%), from €9,616 to €113,370
of which Trade receivables: +€104,960
- Cash +€89,411
up €89,411 (+503.9%), from €17,744 to €107,154
mainly Other debts (+€114,370) and Depreciation (+€41,147)
- Intangible fixed assets -€31,296
down €31,296 (-20.0%), from €156,478 to €125,182
- Other debts +€114,370
up €114,370 (+22.7%), from €503,482 to €617,851
- Trade debts +€31,050
up €31,050 (+973.3%), from €3,190 to €34,240
- Debts after one year -€17,263
down €17,263 (-5.9%), from €292,622 to €275,359
- Tax, wage and social debts +€16,968
up €16,968 (+166.0%), from €10,224 to €27,192
of which Taxes: +€10,668
- Gross operating margin +€17,383
up €17,383 (+19.7%), from €88,133 to €105,517
- Taxes +€2,155
up €2,155 (+18.3%), from €11,742 to €13,897
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 | €1,040,121 | €1,193,568 | +€153,446 | +14.8% |
| Fixed assets | 21/28 | €1,006,810 | €965,663 | -€41,147 | -4.1% |
| Intangible fixed assets | 21 | €156,478 | €125,182 | -€31,296 | -20.0% |
| Tangible fixed assets | 22/27 | €345,933 | €336,081 | -€9,852 | -2.8% |
| Land and buildings | 22 | €330,899 | €323,155 | -€7,744 | -2.3% |
| Leasing and similar rights | 25 | €10,128 | €8,020 | -€2,108 | -20.8% |
| Other tangible fixed assets | 26 | €4,906 | €4,906 | = | 0.0% |
| Financial fixed assets | 28 | €504,400 | €504,400 | = | 0.0% |
| Current assets | 29/58 | €33,311 | €227,905 | +€194,594 | +584.2% |
| Amounts receivable within one year | 40/41 | €9,616 | €113,370 | +€103,754 | +1078.9% |
| Trade receivables | 40 | €7,260 | €112,220 | +€104,960 | +1445.7% |
| Other amounts receivable | 41 | €2,356 | €1,150 | -€1,206 | -51.2% |
| Cash at bank and in hand | 54/58 | €17,744 | €107,154 | +€89,411 | +503.9% |
| Deferred charges and accrued income | 490/1 | €5,951 | €7,381 | +€1,430 | +24.0% |
| Total equity and liabilities | 10/49 | €1,040,121 | €1,193,568 | +€153,446 | +14.8% |
| Equity | 10/15 | €205,753 | €214,662 | +€8,910 | +4.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €9,499 | €9,499 | = | 0.0% |
| Distributable reserves | 133 | €9,499 | €9,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,254 | €130,164 | +€8,910 | +7.3% |
| Amounts payable | 17/49 | €834,369 | €978,905 | +€144,537 | +17.3% |
| Amounts payable after more than one year | 17 | €292,622 | €275,359 | -€17,263 | -5.9% |
| Financial debts | 170/4 | €292,622 | €275,359 | -€17,263 | -5.9% |
| Amounts payable within one year | 42/48 | €533,445 | €696,546 | +€163,101 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €16,549 | €17,263 | +€713 | +4.3% |
| Trade debts | 44 | €3,190 | €34,240 | +€31,050 | +973.3% |
| Suppliers | 440/4 | €3,190 | €34,240 | +€31,050 | +973.3% |
| Taxes, remuneration and social security | 45 | €10,224 | €27,192 | +€16,968 | +166.0% |
| Taxes | 450/3 | €10,224 | €20,892 | +€10,668 | +104.3% |
| Remuneration and social security | 454/9 | - | €6,300 | +€6,300 | |
| Other amounts payable | 47/48 | €503,482 | €617,851 | +€114,370 | +22.7% |
| Accrued charges and deferred income | 492/3 | €8,302 | €7,000 | -€1,302 | -15.7% |
| Non-recurring operating income | 76A | €211 | €3,539 | +€3,328 | +1578.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,347 | €41,147 | +€800 | +2.0% |
| Other operating charges | 640/8 | €2,188 | €3,155 | +€967 | +44.2% |
| Non-recurring operating charges | 66A | €519 | €0 | -€519 | -100.0% |
| Gross operating margin | 9900 | €88,133 | €105,517 | +€17,383 | +19.7% |
| Operating profit (loss) | 9901 | €45,080 | €61,215 | +€16,135 | +35.8% |
| Financial income | 75/76B | €12 | €2 | -€10 | -83.3% |
| Recurring financial income | 75 | €12 | €2 | -€10 | -83.3% |
| Financial charges | 65/66B | €37,524 | €38,410 | +€887 | +2.4% |
| Recurring financial charges | 65 | €37,524 | €38,410 | +€887 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €7,568 | €22,806 | +€15,238 | +201.3% |
| Income taxes | 67/77 | €11,742 | €13,897 | +€2,155 | +18.3% |
| Profit (loss) for the period | 9904 | -€4,174 | €8,910 | +€13,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,174 | €8,910 | +€13,083 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.