SDR Consulting: 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.
SDR Consulting
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€49,740
up €49,740 (+80.7%), from €61,659 to €111,400
mainly Net result for the year (+€94,509) and Current investments (+€50,000)
- Receivables within one year +€20,191
up €20,191 (+83.2%), from €24,282 to €44,472
of which Trade receivables: +€26,758
- Tangible fixed assets +€4,882
up €4,882 (+36.6%), from €13,322 to €18,204
of which Plant, machinery and equipment: +€6,831
- Reserves +€24,509
up €24,509 (+30.1%), from €81,506 to €106,016
- Other debts -€3,381
down €3,381 (-7.5%), from €45,300 to €41,919
- Tax, wage and social debts +€2,702
up €2,702 (+15.5%), from €17,398 to €20,100
- Gross operating margin -€15,523
down €15,523 (-11.1%), from €139,820 to €124,297
- Depreciation -€6,018
down €6,018 (-61.6%), from €9,766 to €3,749
- Financial income -€5,712
down €5,712 (-84.4%), from €6,766 to €1,054
- Taxes -€3,285
down €3,285 (-11.1%), from €29,685 to €26,400
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 | €151,652 | €176,445 | +€24,793 | +16.3% |
| Fixed assets | 21/28 | €13,322 | €18,204 | +€4,882 | +36.6% |
| Tangible fixed assets | 22/27 | €13,322 | €18,204 | +€4,882 | +36.6% |
| Plant, machinery and equipment | 23 | €969 | €7,799 | +€6,831 | +705.3% |
| Furniture and vehicles | 24 | €12,354 | €10,405 | -€1,949 | -15.8% |
| Current assets | 29/58 | €138,330 | €158,241 | +€19,911 | +14.4% |
| Amounts receivable within one year | 40/41 | €24,282 | €44,472 | +€20,191 | +83.2% |
| Trade receivables | 40 | €17,714 | €44,472 | +€26,758 | +151.1% |
| Other amounts receivable | 41 | €6,567 | - | -€6,567 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €61,659 | €111,400 | +€49,740 | +80.7% |
| Deferred charges and accrued income | 490/1 | €2,389 | €2,369 | -€20 | -0.8% |
| Total equity and liabilities | 10/49 | €151,652 | €176,445 | +€24,793 | +16.3% |
| Equity | 10/15 | €86,506 | €111,016 | +€24,509 | +28.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,506 | €106,016 | +€24,509 | +30.1% |
| Distributable reserves | 133 | €81,506 | €106,016 | +€24,509 | +30.1% |
| Amounts payable | 17/49 | €65,146 | €65,430 | +€284 | +0.4% |
| Amounts payable within one year | 42/48 | €65,146 | €65,430 | +€284 | +0.4% |
| Trade debts | 44 | €2,448 | €3,411 | +€964 | +39.4% |
| Suppliers | 440/4 | €2,448 | €3,411 | +€964 | +39.4% |
| Taxes, remuneration and social security | 45 | €17,398 | €20,100 | +€2,702 | +15.5% |
| Taxes | 450/3 | €17,398 | €20,100 | +€2,702 | +15.5% |
| Other amounts payable | 47/48 | €45,300 | €41,919 | -€3,381 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,766 | €3,749 | -€6,018 | -61.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €139,820 | €124,297 | -€15,523 | -11.1% |
| Operating profit (loss) | 9901 | €129,666 | €120,148 | -€9,518 | -7.3% |
| Financial income | 75/76B | €6,766 | €1,054 | -€5,712 | -84.4% |
| Recurring financial income | 75 | €6,766 | €1,054 | -€5,712 | -84.4% |
| Financial charges | 65/66B | -€10 | €292 | +€302 | |
| Recurring financial charges | 65 | -€10 | €292 | +€302 | |
| Profit (loss) for the period before taxes | 9903 | €136,442 | €120,910 | -€15,532 | -11.4% |
| Income taxes | 67/77 | €29,685 | €26,400 | -€3,285 | -11.1% |
| Profit (loss) for the period | 9904 | €106,757 | €94,509 | -€12,247 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,757 | €94,509 | -€12,247 | -11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.