SDR BOSBOUW: 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.
SDR BOSBOUW
Largest movements
- Tangible fixed assets -€36,645
down €36,645 (-16.8%), from €218,343 to €181,698
of which Plant, machinery and equipment: -€23,548
- Cash -€19,578
down €19,578 (-30.8%), from €63,650 to €44,072
mainly Investment in fixed assets (net) (-€57,688) and Other debts (-€33,513)
- Receivables within one year +€6,431
up €6,431 (+7.3%), from €88,673 to €95,103
of which Trade receivables: +€9,701
- Other debts -€33,513
down €33,513 (-100.0%), from €33,527 to €15
- Debts after one year -€17,870
down €17,870 (-18.8%), from €94,945 to €77,074
- Trade debts +€8,699
up €8,699 (+27.2%), from €31,940 to €40,639
- Reserves -€7,292
down €7,292 (-5.2%), from €141,267 to €133,975
- Depreciation -€10,199
down €10,199 (-9.8%), from €104,532 to €94,333
- Gross operating margin +€7,633
up €7,633 (+6.5%), from €117,355 to €124,988
- Taxes +€3,671
up €3,671 (+183%), from €2,006 to €5,677
- Financial charges -€1,340
down €1,340 (-20.3%), from €6,619 to €5,278
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 | €380,366 | €329,991 | -€50,375 | -13.2% |
| Fixed assets | 21/28 | €218,343 | €181,698 | -€36,645 | -16.8% |
| Tangible fixed assets | 22/27 | €218,343 | €181,698 | -€36,645 | -16.8% |
| Plant, machinery and equipment | 23 | €40,728 | €17,180 | -€23,548 | -57.8% |
| Furniture and vehicles | 24 | €38,256 | €24,107 | -€14,149 | -37.0% |
| Leasing and similar rights | 25 | €137,603 | €139,397 | +€1,794 | +1.3% |
| Other tangible fixed assets | 26 | €1,757 | €1,015 | -€742 | -42.2% |
| Current assets | 29/58 | €162,022 | €148,293 | -€13,730 | -8.5% |
| Stocks and contracts in progress | 3 | €9,700 | €9,117 | -€582 | -6.0% |
| Stocks | 30/36 | €9,700 | €9,117 | -€582 | -6.0% |
| Amounts receivable within one year | 40/41 | €88,673 | €95,103 | +€6,431 | +7.3% |
| Trade receivables | 40 | €77,572 | €87,272 | +€9,701 | +12.5% |
| Other amounts receivable | 41 | €11,101 | €7,831 | -€3,270 | -29.5% |
| Cash at bank and in hand | 54/58 | €63,650 | €44,072 | -€19,578 | -30.8% |
| Total equity and liabilities | 10/49 | €380,366 | €329,991 | -€50,375 | -13.2% |
| Equity | 10/15 | €159,867 | €152,575 | -€7,292 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,267 | €133,975 | -€7,292 | -5.2% |
| Distributable reserves | 133 | €141,267 | €133,975 | -€7,292 | -5.2% |
| Amounts payable | 17/49 | €220,498 | €177,416 | -€43,082 | -19.5% |
| Amounts payable after more than one year | 17 | €94,945 | €77,074 | -€17,870 | -18.8% |
| Financial debts | 170/4 | €94,945 | €77,074 | -€17,870 | -18.8% |
| Amounts payable within one year | 42/48 | €125,554 | €100,342 | -€25,212 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €57,907 | €57,568 | -€339 | -0.6% |
| Trade debts | 44 | €31,940 | €40,639 | +€8,699 | +27.2% |
| Suppliers | 440/4 | €31,940 | €40,639 | +€8,699 | +27.2% |
| Taxes, remuneration and social security | 45 | €2,180 | €2,120 | -€60 | -2.7% |
| Taxes | 450/3 | €2,180 | €2,120 | -€60 | -2.7% |
| Other amounts payable | 47/48 | €33,527 | €15 | -€33,513 | -100.0% |
| Non-recurring operating income | 76A | - | €11,011 | +€11,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,532 | €94,333 | -€10,199 | -9.8% |
| Other operating charges | 640/8 | €3,368 | €2,357 | -€1,011 | -30.0% |
| Gross operating margin | 9900 | €117,355 | €124,988 | +€7,633 | +6.5% |
| Operating profit (loss) | 9901 | €9,455 | €28,298 | +€18,843 | +199% |
| Financial income | 75/76B | €15 | €365 | +€351 | +2,404% |
| Recurring financial income | 75 | €15 | €365 | +€351 | +2,404% |
| Financial charges | 65/66B | €6,619 | €5,278 | -€1,340 | -20.3% |
| Recurring financial charges | 65 | €6,619 | €5,278 | -€1,340 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €2,851 | €23,385 | +€20,534 | +720% |
| Income taxes | 67/77 | €2,006 | €5,677 | +€3,671 | +183% |
| Profit (loss) for the period | 9904 | €844 | €17,708 | +€16,863 | +1,998% |
| Profit (loss) for the period to be appropriated | 9905 | €844 | €17,708 | +€16,863 | +1,998% |
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 26 October 2026 via checked.be.