SDS-CONCEPTS: 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-CONCEPTS
Largest movements
- Cash -€34,119
down €34,119 (-32.4%), from €105,227 to €71,108
mainly Advances received (-€37,095) and Other debts (-€19,900)
- Receivables within one year +€6,591
up €6,591 (+13.5%), from €48,786 to €55,377
of which Other amounts receivable: +€13,577
- Tangible fixed assets -€3,993
down €3,993 (-25.6%), from €15,613 to €11,619
of which Furniture and vehicles: -€3,993
- Advances received -€37,095
down €37,095 (-84.6%), from €43,863 to €6,768
- Other debts -€19,900
down €19,900 (-95.3%), from €20,876 to €976
- Reserves +€16,361
up €16,361 (+26.7%), from €61,245 to €77,606
- Tax, wage and social debts +€6,222
up €6,222 (+28.0%), from €22,251 to €28,473
- Accrued charges and deferred income +€2,039
new in 2025: €2,039
- Gross operating margin -€20,457
down €20,457 (-35.9%), from €57,056 to €36,599
- Taxes -€3,677
down €3,677 (-30.7%), from €11,979 to €8,302
- Other operating charges +€3,376
up €3,376 (+371%), from €911 to €4,287
- Financial income +€2,260
up €2,260 (+12,557%), from €18 to €2,278
- Financial charges +€766
up €766 (+42.0%), from €1,825 to €2,591
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 | €169,626 | €138,104 | -€31,522 | -18.6% |
| Fixed assets | 21/28 | €15,613 | €11,619 | -€3,993 | -25.6% |
| Tangible fixed assets | 22/27 | €15,613 | €11,619 | -€3,993 | -25.6% |
| Furniture and vehicles | 24 | €13,413 | €9,419 | -€3,993 | -29.8% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €154,014 | €126,485 | -€27,528 | -17.9% |
| Amounts receivable within one year | 40/41 | €48,786 | €55,377 | +€6,591 | +13.5% |
| Trade receivables | 40 | €47,119 | €40,132 | -€6,987 | -14.8% |
| Other amounts receivable | 41 | €1,667 | €15,245 | +€13,577 | +814% |
| Cash at bank and in hand | 54/58 | €105,227 | €71,108 | -€34,119 | -32.4% |
| Total equity and liabilities | 10/49 | €169,626 | €138,104 | -€31,522 | -18.6% |
| Equity | 10/15 | €62,245 | €78,606 | +€16,361 | +26.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €61,245 | €77,606 | +€16,361 | +26.7% |
| Distributable reserves | 133 | €61,245 | €77,606 | +€16,361 | +26.7% |
| Amounts payable | 17/49 | €107,381 | €59,498 | -€47,883 | -44.6% |
| Amounts payable within one year | 42/48 | €107,381 | €57,460 | -€49,922 | -46.5% |
| Trade debts | 44 | €20,391 | €21,243 | +€852 | +4.2% |
| Suppliers | 440/4 | €20,391 | €21,243 | +€852 | +4.2% |
| Advances received on contracts in progress | 46 | €43,863 | €6,768 | -€37,095 | -84.6% |
| Taxes, remuneration and social security | 45 | €22,251 | €28,473 | +€6,222 | +28.0% |
| Taxes | 450/3 | €22,251 | €28,473 | +€6,222 | +28.0% |
| Other amounts payable | 47/48 | €20,876 | €976 | -€19,900 | -95.3% |
| Accrued charges and deferred income | 492/3 | - | €2,039 | +€2,039 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,317 | €3,487 | +€169 | +5.1% |
| Other operating charges | 640/8 | €911 | €4,287 | +€3,376 | +371% |
| Non-recurring operating charges | 66A | - | €3,850 | +€3,850 | |
| Gross operating margin | 9900 | €57,056 | €36,599 | -€20,457 | -35.9% |
| Operating profit (loss) | 9901 | €52,828 | €24,976 | -€27,852 | -52.7% |
| Financial income | 75/76B | €18 | €2,278 | +€2,260 | +12,557% |
| Recurring financial income | 75 | €18 | €2,278 | +€2,260 | +12,557% |
| Financial charges | 65/66B | €1,825 | €2,591 | +€766 | +42.0% |
| Recurring financial charges | 65 | €1,825 | €2,591 | +€766 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €51,021 | €24,663 | -€26,358 | -51.7% |
| Income taxes | 67/77 | €11,979 | €8,302 | -€3,677 | -30.7% |
| Profit (loss) for the period | 9904 | €39,042 | €16,361 | -€22,681 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,042 | €16,361 | -€22,681 | -58.1% |
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 26 October 2026 via checked.be.