SDP MUSIC: 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 MUSIC
Largest movements
- Receivables within one year -€8,579
down €8,579 (-55.9%), from €15,339 to €6,759
of which Trade receivables: -€10,307
- Cash +€6,910
up €6,910 (+25.2%), from €27,391 to €34,301
mainly Net result for the year (+€19,724) and Receivables within one year (+€8,579)
- Tangible fixed assets -€4,283
down €4,283 (-29.4%), from €14,570 to €10,287
of which Furniture and vehicles: -€5,017
- Deferred charges and accrued income +€1,739
up €1,739 (+46.2%), from €3,765 to €5,504
- Reserves +€19,724
up €19,724 (+67.5%), from €29,234 to €48,957
- Tax, wage and social debts -€9,243
down €9,243 (-82.5%), from €11,198 to €1,954
of which Taxes: -€7,424
- Trade debts -€9,022
down €9,022 (-99.2%), from €9,098 to €77
- Other debts -€5,672
down €5,672 (-75.3%), from €7,535 to €1,863
- Gross operating margin +€8,231
up €8,231 (+35.4%), from €23,224 to €31,455
- Financial charges -€1,658
down €1,658 (-87.3%), from €1,900 to €242
- Taxes +€881
up €881 (+19.5%), from €4,523 to €5,404
- Depreciation -€680
down €680 (-12.8%), from €5,309 to €4,630
- Staff costs +€603
new in 2025: €603
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.
Derived cash bridge
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 | €61,065 | €56,851 | -€4,214 | -6.9% |
| Fixed assets | 21/28 | €14,570 | €10,287 | -€4,283 | -29.4% |
| Tangible fixed assets | 22/27 | €14,570 | €10,287 | -€4,283 | -29.4% |
| Plant, machinery and equipment | 23 | €6,861 | €7,594 | +€734 | +10.7% |
| Furniture and vehicles | 24 | €7,709 | €2,692 | -€5,017 | -65.1% |
| Current assets | 29/58 | €46,495 | €46,564 | +€69 | +0.1% |
| Amounts receivable within one year | 40/41 | €15,339 | €6,759 | -€8,579 | -55.9% |
| Trade receivables | 40 | €15,154 | €4,846 | -€10,307 | -68.0% |
| Other amounts receivable | 41 | €185 | €1,913 | +€1,728 | +933% |
| Cash at bank and in hand | 54/58 | €27,391 | €34,301 | +€6,910 | +25.2% |
| Deferred charges and accrued income | 490/1 | €3,765 | €5,504 | +€1,739 | +46.2% |
| Total equity and liabilities | 10/49 | €61,065 | €56,851 | -€4,214 | -6.9% |
| Equity | 10/15 | €33,234 | €52,957 | +€19,724 | +59.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €29,234 | €48,957 | +€19,724 | +67.5% |
| Distributable reserves | 133 | €29,234 | €48,957 | +€19,724 | +67.5% |
| Amounts payable | 17/49 | €27,831 | €3,894 | -€23,937 | -86.0% |
| Amounts payable within one year | 42/48 | €27,831 | €3,894 | -€23,937 | -86.0% |
| Trade debts | 44 | €9,098 | €77 | -€9,022 | -99.2% |
| Suppliers | 440/4 | €9,098 | €77 | -€9,022 | -99.2% |
| Taxes, remuneration and social security | 45 | €11,198 | €1,954 | -€9,243 | -82.5% |
| Taxes | 450/3 | €7,828 | €404 | -€7,424 | -94.8% |
| Remuneration and social security | 454/9 | €3,370 | €1,551 | -€1,820 | -54.0% |
| Other amounts payable | 47/48 | €7,535 | €1,863 | -€5,672 | -75.3% |
| Non-recurring operating income | 76A | - | €511 | +€511 | |
| Remuneration, social security and pensions | 62 | - | €603 | +€603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,309 | €4,630 | -€680 | -12.8% |
| Other operating charges | 640/8 | €598 | €852 | +€254 | +42.5% |
| Gross operating margin | 9900 | €23,224 | €31,455 | +€8,231 | +35.4% |
| Operating profit (loss) | 9901 | €17,317 | €25,370 | +€8,053 | +46.5% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €1,900 | €242 | -€1,658 | -87.3% |
| Recurring financial charges | 65 | €1,900 | €242 | -€1,658 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €15,418 | €25,128 | +€9,710 | +63.0% |
| Income taxes | 67/77 | €4,523 | €5,404 | +€881 | +19.5% |
| Profit (loss) for the period | 9904 | €10,895 | €19,724 | +€8,829 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,895 | €19,724 | +€8,829 | +81.0% |
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 1 November 2026 via checked.be.