SDR Design: 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 Design
Largest movements
- Receivables within one year +€259,786
up €259,786 (+54566.6%), from €476 to €260,262
of which Other amounts receivable: +€259,714
- Cash -€9,685
down €9,685 (-54.2%), from €17,869 to €8,184
mainly Contributions, distributions and other (-€540,000) and Receivables within one year (-€259,786)
- Other debts +€470,948
up €470,948 (+635.2%), from €74,146 to €545,094
- Profit (loss) carried forward -€165,518
down €165,518 (-69.4%), from €238,343 to €72,825
- Debts after one year -€60,452
down €60,452 (-23.0%), from €263,228 to €202,776
- Financial income +€350,000
new in 2025: €350,000
- Gross operating margin +€8,478
up €8,478 (+22.9%), from €37,079 to €45,557
- Financial charges -€4,621
down €4,621 (-27.8%), from €16,651 to €12,030
- Taxes +€2,624
up €2,624 (+57.2%), from €4,586 to €7,210
- Other operating charges -€549
down €549 (-23.0%), from €2,384 to €1,835
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 | €663,580 | €909,971 | +€246,392 | +37.1% |
| Fixed assets | 21/28 | €640,000 | €640,000 | = | 0.0% |
| Financial fixed assets | 28 | €640,000 | €640,000 | = | 0.0% |
| Current assets | 29/58 | €23,580 | €269,971 | +€246,392 | +1044.9% |
| Amounts receivable within one year | 40/41 | €476 | €260,262 | +€259,786 | +54566.6% |
| Trade receivables | 40 | - | €72 | +€72 | |
| Other amounts receivable | 41 | €476 | €260,190 | +€259,714 | +54551.4% |
| Cash at bank and in hand | 54/58 | €17,869 | €8,184 | -€9,685 | -54.2% |
| Deferred charges and accrued income | 490/1 | €5,234 | €1,525 | -€3,709 | -70.9% |
| Total equity and liabilities | 10/49 | €663,580 | €909,971 | +€246,392 | +37.1% |
| Equity | 10/15 | €256,943 | €91,425 | -€165,518 | -64.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,343 | €72,825 | -€165,518 | -69.4% |
| Amounts payable | 17/49 | €406,637 | €818,546 | +€411,909 | +101.3% |
| Amounts payable after more than one year | 17 | €263,228 | €202,776 | -€60,452 | -23.0% |
| Financial debts | 170/4 | €263,228 | €202,776 | -€60,452 | -23.0% |
| Amounts payable within one year | 42/48 | €141,271 | €613,632 | +€472,361 | +334.4% |
| Current portion of amounts payable after more than one year | 42 | €59,132 | €60,452 | +€1,320 | +2.2% |
| Trade debts | 44 | €20 | €0 | -€20 | -100.0% |
| Suppliers | 440/4 | €20 | €0 | -€20 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,974 | €8,086 | +€112 | +1.4% |
| Taxes | 450/3 | €7,974 | €8,086 | +€112 | +1.4% |
| Other amounts payable | 47/48 | €74,146 | €545,094 | +€470,948 | +635.2% |
| Accrued charges and deferred income | 492/3 | €2,138 | €2,138 | = | 0.0% |
| Other operating charges | 640/8 | €2,384 | €1,835 | -€549 | -23.0% |
| Gross operating margin | 9900 | €37,079 | €45,557 | +€8,478 | +22.9% |
| Operating profit (loss) | 9901 | €34,696 | €43,723 | +€9,027 | +26.0% |
| Financial income | 75/76B | - | €350,000 | +€350,000 | |
| Recurring financial income | 75 | - | €350,000 | +€350,000 | |
| Financial charges | 65/66B | €16,651 | €12,030 | -€4,621 | -27.8% |
| Recurring financial charges | 65 | €16,651 | €12,030 | -€4,621 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €18,045 | €381,693 | +€363,648 | +2015.3% |
| Income taxes | 67/77 | €4,586 | €7,210 | +€2,624 | +57.2% |
| Profit (loss) for the period | 9904 | €13,458 | €374,483 | +€361,024 | +2682.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,458 | €374,483 | +€361,024 | +2682.5% |
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 10 October 2026 via checked.be.