SDR WIRE-O: 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 WIRE-O
Largest movements
- Receivables within one year +€46,780
up €46,780 (+32.2%), from €145,504 to €192,285
of which Trade receivables: +€23,502
- Cash -€35,449
down €35,449 (-34.2%), from €103,727 to €68,278
mainly Tax, wage and social debts (-€61,673) and Receivables within one year (-€46,780)
- Tangible fixed assets -€4,528
down €4,528 (-23.8%), from €19,033 to €14,505
of which Plant, machinery and equipment: -€3,169
- Tax, wage and social debts -€61,673
down €61,673 (-83.9%), from €73,472 to €11,799
- Trade debts +€43,409
up €43,409 (+416.2%), from €10,429 to €53,838
- Short-term financial debts +€15,000
new in 2025: €15,000
- Profit (loss) carried forward +€10,758
up €10,758 (+310.4%), from €3,466 to €14,223
- Gross operating margin -€74,893
down €74,893 (-41.2%), from €181,887 to €106,995
- Taxes -€27,765
down €27,765 (-99.3%), from €27,973 to €208
- Staff costs +€14,587
up €14,587 (+25.8%), from €56,479 to €71,067
- Financial charges -€11,971
down €11,971 (-44.1%), from €27,135 to €15,164
- Financial income -€6,248
down €6,248 (-100.0%), from €6,249 to €1
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 | €285,741 | €291,336 | +€5,595 | +2.0% |
| Fixed assets | 21/28 | €19,273 | €14,745 | -€4,528 | -23.5% |
| Tangible fixed assets | 22/27 | €19,033 | €14,505 | -€4,528 | -23.8% |
| Plant, machinery and equipment | 23 | €8,713 | €5,544 | -€3,169 | -36.4% |
| Furniture and vehicles | 24 | €1,823 | €2,441 | +€618 | +33.9% |
| Leasing and similar rights | 25 | €8,497 | €6,520 | -€1,977 | -23.3% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €266,468 | €276,591 | +€10,123 | +3.8% |
| Stocks and contracts in progress | 3 | €14,861 | €13,988 | -€873 | -5.9% |
| Stocks | 30/36 | €14,861 | €13,988 | -€873 | -5.9% |
| Amounts receivable within one year | 40/41 | €145,504 | €192,285 | +€46,780 | +32.2% |
| Trade receivables | 40 | €49,342 | €72,844 | +€23,502 | +47.6% |
| Other amounts receivable | 41 | €96,163 | €119,441 | +€23,278 | +24.2% |
| Cash at bank and in hand | 54/58 | €103,727 | €68,278 | -€35,449 | -34.2% |
| Deferred charges and accrued income | 490/1 | €2,375 | €2,040 | -€335 | -14.1% |
| Total equity and liabilities | 10/49 | €285,741 | €291,336 | +€5,595 | +2.0% |
| Equity | 10/15 | €189,126 | €199,883 | +€10,758 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,060 | €167,060 | = | 0.0% |
| Distributable reserves | 133 | €167,060 | €167,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,466 | €14,223 | +€10,758 | +310.4% |
| Amounts payable | 17/49 | €96,615 | €91,453 | -€5,162 | -5.3% |
| Amounts payable after more than one year | 17 | €6,838 | €4,133 | -€2,705 | -39.6% |
| Financial debts | 170/4 | €6,838 | €4,133 | -€2,705 | -39.6% |
| Amounts payable within one year | 42/48 | €89,778 | €87,320 | -€2,457 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €1,876 | €2,683 | +€807 | +43.0% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €10,429 | €53,838 | +€43,409 | +416.2% |
| Suppliers | 440/4 | €10,429 | €53,838 | +€43,409 | +416.2% |
| Taxes, remuneration and social security | 45 | €73,472 | €11,799 | -€61,673 | -83.9% |
| Taxes | 450/3 | €73,472 | €11,799 | -€61,673 | -83.9% |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €56,479 | €71,067 | +€14,587 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,216 | €7,757 | +€541 | +7.5% |
| Other operating charges | 640/8 | €1,561 | €2,042 | +€481 | +30.8% |
| Gross operating margin | 9900 | €181,887 | €106,995 | -€74,893 | -41.2% |
| Operating profit (loss) | 9901 | €116,632 | €26,129 | -€90,503 | -77.6% |
| Financial income | 75/76B | €6,249 | €1 | -€6,248 | -100.0% |
| Recurring financial income | 75 | €6,249 | €1 | -€6,248 | -100.0% |
| Financial charges | 65/66B | €27,135 | €15,164 | -€11,971 | -44.1% |
| Recurring financial charges | 65 | €27,135 | €15,164 | -€11,971 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €95,745 | €10,966 | -€84,780 | -88.5% |
| Income taxes | 67/77 | €27,973 | €208 | -€27,765 | -99.3% |
| Profit (loss) for the period | 9904 | €67,772 | €10,758 | -€57,015 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,772 | €10,758 | -€57,015 | -84.1% |
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.