SDS CAPITAL: 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.
SDS CAPITAL
Largest movements
- Cash -€96
down €96 (-8.2%), from €1,158 to €1,063
mainly Net result for the year (-€132) and Trade debts (-€24)
- Profit (loss) carried forward -€132
down €132 (-0.7%), from -€19,948 to -€20,080
- Other debts +€60
up €60 (+70.0%), from €86 to €147
- Trade debts -€24
down €24 (-1.0%), from €2,420 to €2,396
- Other operating charges -€776
no longer reported in 2025 (was €776)
- Gross operating margin +€391
up €391 (+91.6%), from -€427 to -€36
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 | €1,158 | €1,063 | -€96 | -8.2% |
| Current assets | 29/58 | €1,158 | €1,063 | -€96 | -8.2% |
| Cash at bank and in hand | 54/58 | €1,158 | €1,063 | -€96 | -8.2% |
| Total equity and liabilities | 10/49 | €1,158 | €1,063 | -€96 | -8.2% |
| Equity | 10/15 | -€1,348 | -€1,480 | -€132 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,948 | -€20,080 | -€132 | -0.7% |
| Amounts payable | 17/49 | €2,506 | €2,542 | +€36 | +1.4% |
| Amounts payable within one year | 42/48 | €2,506 | €2,542 | +€36 | +1.4% |
| Trade debts | 44 | €2,420 | €2,396 | -€24 | -1.0% |
| Suppliers | 440/4 | €2,420 | €2,396 | -€24 | -1.0% |
| Other amounts payable | 47/48 | €86 | €147 | +€60 | +70.0% |
| Other operating charges | 640/8 | €776 | - | -€776 | |
| Gross operating margin | 9900 | -€427 | -€36 | +€391 | +91.6% |
| Operating profit (loss) | 9901 | -€1,203 | -€36 | +€1,167 | +97.0% |
| Financial charges | 65/66B | €96 | €96 | = | 0.0% |
| Recurring financial charges | 65 | €96 | €96 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,298 | -€132 | +€1,167 | +89.9% |
| Profit (loss) for the period | 9904 | -€1,298 | -€132 | +€1,167 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,298 | -€132 | +€1,167 | +89.9% |
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 14 October 2026 via checked.be.