SDP Joyas: 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.
SDP Joyas
Largest movements
- Financial fixed assets +€187,750
up €187,750 (+3008.8%), from €6,240 to €193,990
- Receivables within one year +€33,375
up €33,375 (+380.5%), from €8,772 to €42,147
of which Trade receivables: +€23,647
- Stocks and contracts -€22,915
down €22,915 (-15.6%), from €146,551 to €123,636
- Cash +€18,443
up €18,443 (+52.6%), from €35,071 to €53,514
mainly Debts after one year (+€110,397) and Short-term financial debts (+€25,000)
- Tangible fixed assets -€5,724
down €5,724 (-19.1%), from €29,896 to €24,172
of which Furniture and vehicles: -€4,229
- Debts after one year +€110,397
up €110,397 (+921.9%), from €11,975 to €122,372
- Short-term financial debts +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Current portion of long-term debt +€20,201
up €20,201 (+313.0%), from €6,454 to €26,655
- Trade debts +€19,351
up €19,351 (+48.4%), from €39,979 to €59,330
- Other debts +€17,783
up €17,783 (+153.3%), from €11,598 to €29,381
- Gross operating margin +€38,197
up €38,197 (+68.6%), from €55,706 to €93,903
- Financial charges +€5,213
up €5,213 (+103.3%), from €5,045 to €10,258
- Depreciation +€2,822
up €2,822 (+88.6%), from €3,185 to €6,007
- Staff costs +€1,813
up €1,813 (+3.3%), from €55,772 to €57,585
- Other operating charges +€1,091
up €1,091 (+104.4%), from €1,045 to €2,136
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 | €227,277 | €439,390 | +€212,114 | +93.3% |
| Fixed assets | 21/28 | €36,136 | €218,162 | +€182,026 | +503.7% |
| Tangible fixed assets | 22/27 | €29,896 | €24,172 | -€5,724 | -19.1% |
| Plant, machinery and equipment | 23 | €933 | €0 | -€933 | -100.0% |
| Furniture and vehicles | 24 | €23,509 | €19,281 | -€4,229 | -18.0% |
| Other tangible fixed assets | 26 | €5,454 | €4,892 | -€562 | -10.3% |
| Financial fixed assets | 28 | €6,240 | €193,990 | +€187,750 | +3008.8% |
| Current assets | 29/58 | €191,141 | €221,228 | +€30,087 | +15.7% |
| Stocks and contracts in progress | 3 | €146,551 | €123,636 | -€22,915 | -15.6% |
| Stocks | 30/36 | €146,551 | €123,636 | -€22,915 | -15.6% |
| Amounts receivable within one year | 40/41 | €8,772 | €42,147 | +€33,375 | +380.5% |
| Trade receivables | 40 | €8,772 | €32,419 | +€23,647 | +269.6% |
| Other amounts receivable | 41 | €0 | €9,728 | +€9,728 | |
| Cash at bank and in hand | 54/58 | €35,071 | €53,514 | +€18,443 | +52.6% |
| Deferred charges and accrued income | 490/1 | €746 | €1,931 | +€1,185 | +158.7% |
| Total equity and liabilities | 10/49 | €227,277 | €439,390 | +€212,114 | +93.3% |
| Equity | 10/15 | €107,256 | €123,313 | +€16,057 | +15.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €45,256 | €61,313 | +€16,057 | +35.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €42 | €42 | = | 0.0% |
| Distributable reserves | 133 | €45,214 | €61,271 | +€16,057 | +35.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €120,021 | €316,078 | +€196,056 | +163.4% |
| Amounts payable after more than one year | 17 | €11,975 | €122,372 | +€110,397 | +921.9% |
| Financial debts | 170/4 | €11,975 | €122,372 | +€110,397 | +921.9% |
| Amounts payable within one year | 42/48 | €107,509 | €191,628 | +€84,119 | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €6,454 | €26,655 | +€20,201 | +313.0% |
| Financial debts | 43 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Credit institutions | 430/8 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Trade debts | 44 | €39,979 | €59,330 | +€19,351 | +48.4% |
| Suppliers | 440/4 | €39,979 | €59,330 | +€19,351 | +48.4% |
| Taxes, remuneration and social security | 45 | €24,478 | €26,262 | +€1,784 | +7.3% |
| Taxes | 450/3 | €10,164 | €14,988 | +€4,824 | +47.5% |
| Remuneration and social security | 454/9 | €14,315 | €11,274 | -€3,041 | -21.2% |
| Other amounts payable | 47/48 | €11,598 | €29,381 | +€17,783 | +153.3% |
| Accrued charges and deferred income | 492/3 | €537 | €2,077 | +€1,540 | +286.5% |
| Non-recurring operating income | 76A | - | €4,738 | +€4,738 | |
| Remuneration, social security and pensions | 62 | €55,772 | €57,585 | +€1,813 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,185 | €6,007 | +€2,822 | +88.6% |
| Other operating charges | 640/8 | €1,045 | €2,136 | +€1,091 | +104.4% |
| Non-recurring operating charges | 66A | - | €933 | +€933 | |
| Gross operating margin | 9900 | €55,706 | €93,903 | +€38,197 | +68.6% |
| Operating profit (loss) | 9901 | -€4,296 | €27,242 | +€31,537 | |
| Financial income | 75/76B | €138 | €179 | +€41 | +29.8% |
| Recurring financial income | 75 | €138 | €179 | +€41 | +29.8% |
| Financial charges | 65/66B | €5,045 | €10,258 | +€5,213 | +103.3% |
| Recurring financial charges | 65 | €5,045 | €10,258 | +€5,213 | +103.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,203 | €17,163 | +€26,366 | |
| Income taxes | 67/77 | €212 | €272 | +€61 | +28.7% |
| Profit (loss) for the period | 9904 | -€9,414 | €16,890 | +€26,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,414 | €16,890 | +€26,305 |
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 12 October 2026 via checked.be.