SDR MANAGEMENT CONSULTING: what changed
SDR MANAGEMENT CONSULTING
Largest movements
- Financial fixed assets -€155,000
down €155,000 (-100%), from €155,000 to €0
- Receivables within one year +€153,271
up €153,271 (+84.0%), from €182,457 to €335,728
of which Other amounts receivable: +€149,977
- Cash +€38,519
up €38,519 (+89.2%), from €43,204 to €81,723
mainly Investment in fixed assets (net) (+€150,933) and Net result for the year (+€92,741)
- Receivables after one year -€24,600
down €24,600 (-63.7%), from €38,600 to €14,000
- Deferred charges and accrued income -€4,782
down €4,782 (-66.9%), from €7,150 to €2,368
- Reserves +€37,147
up €37,147 (+11.9%), from €311,462 to €348,608
of which Distributable reserves: +€39,007
- Debts after one year -€21,687
down €21,687 (-30.2%), from €71,828 to €50,141
- Current portion of long-term debt -€7,833
down €7,833 (-26.5%), from €29,520 to €21,687
- Trade debts -€5,208
down €5,208 (-61.1%), from €8,518 to €3,310
- Financial income +€45,231
up €45,231 (+514%), from €8,808 to €54,039
of which Non-recurring financial income: +€45,000
- Depreciation -€1,332
down €1,332 (-16.6%), from €8,012 to €6,680
- Financial charges -€1,109
down €1,109 (-18.9%), from €5,882 to €4,773
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €473,335 | €478,130 | +€4,795 | +1.0% |
| Fixed assets | 21/28 | €201,924 | €44,311 | -€157,613 | -78.1% |
| Tangible fixed assets | 22/27 | €46,924 | €44,311 | -€2,613 | -5.6% |
| Furniture and vehicles | 24 | €7,524 | €4,030 | -€3,493 | -46.4% |
| Other tangible fixed assets | 26 | €39,400 | €40,280 | +€880 | +2.2% |
| Financial fixed assets | 28 | €155,000 | €0 | -€155,000 | -100% |
| Current assets | 29/58 | €271,411 | €433,819 | +€162,408 | +59.8% |
| Amounts receivable after more than one year | 29 | €38,600 | €14,000 | -€24,600 | -63.7% |
| Other amounts receivable | 291 | €38,600 | €14,000 | -€24,600 | -63.7% |
| Amounts receivable within one year | 40/41 | €182,457 | €335,728 | +€153,271 | +84.0% |
| Trade receivables | 40 | €19,980 | €23,274 | +€3,293 | +16.5% |
| Other amounts receivable | 41 | €162,477 | €312,454 | +€149,977 | +92.3% |
| Cash at bank and in hand | 54/58 | €43,204 | €81,723 | +€38,519 | +89.2% |
| Deferred charges and accrued income | 490/1 | €7,150 | €2,368 | -€4,782 | -66.9% |
| Total equity and liabilities | 10/49 | €473,335 | €478,130 | +€4,795 | +1.0% |
| Equity | 10/15 | €340,632 | €377,779 | +€37,147 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €311,462 | €348,608 | +€37,147 | +11.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €309,602 | €348,608 | +€39,007 | +12.6% |
| Profit (loss) carried forward | 14 | €16,770 | €16,770 | = | 0.0% |
| Amounts payable | 17/49 | €132,703 | €100,351 | -€32,352 | -24.4% |
| Amounts payable after more than one year | 17 | €71,828 | €50,141 | -€21,687 | -30.2% |
| Financial debts | 170/4 | €71,828 | €50,141 | -€21,687 | -30.2% |
| Amounts payable within one year | 42/48 | €60,853 | €50,138 | -€10,715 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €29,520 | €21,687 | -€7,833 | -26.5% |
| Financial debts | 43 | €10,127 | €10,000 | -€127 | -1.3% |
| Credit institutions | 430/8 | €10,127 | €10,000 | -€127 | -1.3% |
| Trade debts | 44 | €8,518 | €3,310 | -€5,208 | -61.1% |
| Suppliers | 440/4 | €8,518 | €3,310 | -€5,208 | -61.1% |
| Taxes, remuneration and social security | 45 | €12,689 | €15,142 | +€2,452 | +19.3% |
| Taxes | 450/3 | €12,689 | €15,142 | +€2,452 | +19.3% |
| Accrued charges and deferred income | 492/3 | €21 | €71 | +€50 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,012 | €6,680 | -€1,332 | -16.6% |
| Other operating charges | 640/8 | €1,094 | €1,577 | +€484 | +44.2% |
| Gross operating margin | 9900 | €76,741 | €77,016 | +€275 | +0.4% |
| Operating profit (loss) | 9901 | €67,635 | €68,759 | +€1,124 | +1.7% |
| Financial income | 75/76B | €8,808 | €54,039 | +€45,231 | +514% |
| Recurring financial income | 75 | €8,808 | €9,039 | +€231 | +2.6% |
| Non-recurring financial income | 76B | - | €45,000 | +€45,000 | |
| Financial charges | 65/66B | €5,882 | €4,773 | -€1,109 | -18.9% |
| Recurring financial charges | 65 | €5,882 | €4,773 | -€1,109 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €70,561 | €118,025 | +€47,464 | +67.3% |
| Income taxes | 67/77 | €25,664 | €25,284 | -€380 | -1.5% |
| Profit (loss) for the period | 9904 | €44,897 | €92,741 | +€47,844 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €44,897 | €92,741 | +€47,844 | +107% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.