SDS Consult: 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 Consult
Largest movements
- Tangible fixed assets +€346,949
up €346,949 (+578%), from €60,000 to €406,949
of which Land and buildings: +€281,250
- Cash +€20,402
up €20,402 (+111%), from €18,335 to €38,737
mainly Debts after one year (+€277,334) and Other debts (+€65,607)
- Receivables within one year +€7,833
up €7,833 (+66.4%), from €11,805 to €19,638
- Debts after one year +€277,334
new in 2025: €277,334
- Other debts +€65,607
up €65,607 (+288%), from €22,817 to €88,424
- Current portion of long-term debt +€23,621
new in 2025: €23,621
- Tax, wage and social debts +€5,250
up €5,250 (+54.9%), from €9,558 to €14,808
- Depreciation +€21,418
new in 2025: €21,418
- Gross operating margin +€12,792
up €12,792 (+62.7%), from €20,415 to €33,208
- Taxes -€2,880
down €2,880 (-78.7%), from €3,661 to €781
- Financial charges +€2,794
up €2,794 (+44.1%), from €6,342 to €9,136
- Staff costs +€400
new in 2025: €400
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 | €90,321 | €465,505 | +€375,184 | +415% |
| Fixed assets | 21/28 | €60,180 | €407,129 | +€346,949 | +577% |
| Tangible fixed assets | 22/27 | €60,000 | €406,949 | +€346,949 | +578% |
| Land and buildings | 22 | €60,000 | €341,250 | +€281,250 | +469% |
| Furniture and vehicles | 24 | - | €65,699 | +€65,699 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €30,141 | €58,376 | +€28,235 | +93.7% |
| Amounts receivable within one year | 40/41 | €11,805 | €19,638 | +€7,833 | +66.4% |
| Trade receivables | 40 | €11,805 | €19,638 | +€7,833 | +66.4% |
| Cash at bank and in hand | 54/58 | €18,335 | €38,737 | +€20,402 | +111% |
| Total equity and liabilities | 10/49 | €90,321 | €465,505 | +€375,184 | +415% |
| Equity | 10/15 | €52,995 | €53,495 | +€500 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,535 | €33,035 | +€500 | +1.5% |
| Amounts payable | 17/49 | €37,326 | €412,010 | +€374,685 | +1,004% |
| Amounts payable after more than one year | 17 | - | €277,334 | +€277,334 | |
| Financial debts | 170/4 | - | €277,334 | +€277,334 | |
| Amounts payable within one year | 42/48 | €37,326 | €134,677 | +€97,351 | +261% |
| Current portion of amounts payable after more than one year | 42 | - | €23,621 | +€23,621 | |
| Trade debts | 44 | €4,951 | €7,823 | +€2,873 | +58.0% |
| Suppliers | 440/4 | €4,951 | €7,823 | +€2,873 | +58.0% |
| Taxes, remuneration and social security | 45 | €9,558 | €14,808 | +€5,250 | +54.9% |
| Taxes | 450/3 | €9,558 | €14,808 | +€5,250 | +54.9% |
| Other amounts payable | 47/48 | €22,817 | €88,424 | +€65,607 | +288% |
| Remuneration, social security and pensions | 62 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,418 | +€21,418 | |
| Other operating charges | 640/8 | €576 | €972 | +€396 | +68.7% |
| Gross operating margin | 9900 | €20,415 | €33,208 | +€12,792 | +62.7% |
| Operating profit (loss) | 9901 | €19,839 | €10,417 | -€9,422 | -47.5% |
| Financial charges | 65/66B | €6,342 | €9,136 | +€2,794 | +44.1% |
| Recurring financial charges | 65 | €6,342 | €9,136 | +€2,794 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €13,497 | €1,281 | -€12,216 | -90.5% |
| Income taxes | 67/77 | €3,661 | €781 | -€2,880 | -78.7% |
| Profit (loss) for the period | 9904 | €9,836 | €500 | -€9,336 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,836 | €500 | -€9,336 | -94.9% |
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.