SDS ELECTRONICS: 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 ELECTRONICS
Largest movements
- Tangible fixed assets -€56,498
down €56,498 (-9.7%), from €584,436 to €527,938
of which Furniture and vehicles: -€37,461
- Receivables within one year +€29,668
up €29,668 (+33.4%), from €88,845 to €118,513
of which Other amounts receivable: +€32,760
- Cash +€13,439
up €13,439 (+30.4%), from €44,150 to €57,590
mainly Debts after one year (+€448,657) and Depreciation (+€56,498)
- Debts after one year +€448,657
up €448,657, from €0 to €448,657
- Other debts -€422,264
down €422,264 (-100.0%), from €422,264 to €0
- Profit (loss) carried forward -€36,487
down €36,487 (-49.2%), from €74,158 to €37,672
- Trade debts +€22,920
up €22,920 (+82.3%), from €27,865 to €50,784
- Current portion of long-term debt -€22,680
down €22,680 (-41.1%), from €55,207 to €32,528
- Gross operating margin -€38,020
down €38,020 (-40.0%), from €94,984 to €56,963
- Depreciation -€24,259
down €24,259 (-30.0%), from €80,757 to €56,498
- Financial charges +€19,691
up €19,691 (+204.6%), from €9,627 to €29,318
- Taxes -€17,237
down €17,237 (-100.0%), from €17,237 to €0
- Other operating charges -€2,869
down €2,869 (-23.9%), from €12,007 to €9,138
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 | €717,431 | €704,764 | -€12,667 | -1.8% |
| Fixed assets | 21/28 | €584,436 | €527,938 | -€56,498 | -9.7% |
| Tangible fixed assets | 22/27 | €584,436 | €527,938 | -€56,498 | -9.7% |
| Land and buildings | 22 | €458,040 | €441,193 | -€16,848 | -3.7% |
| Plant, machinery and equipment | 23 | €6,539 | €4,349 | -€2,190 | -33.5% |
| Furniture and vehicles | 24 | €119,857 | €82,396 | -€37,461 | -31.3% |
| Current assets | 29/58 | €132,995 | €176,826 | +€43,831 | +33.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €88,845 | €118,513 | +€29,668 | +33.4% |
| Trade receivables | 40 | €61,767 | €58,675 | -€3,091 | -5.0% |
| Other amounts receivable | 41 | €27,078 | €59,838 | +€32,760 | +121.0% |
| Cash at bank and in hand | 54/58 | €44,150 | €57,590 | +€13,439 | +30.4% |
| Deferred charges and accrued income | 490/1 | €0 | €724 | +€724 | |
| Total equity and liabilities | 10/49 | €717,431 | €704,764 | -€12,667 | -1.8% |
| Equity | 10/15 | €94,618 | €58,132 | -€36,487 | -38.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,158 | €37,672 | -€36,487 | -49.2% |
| Amounts payable | 17/49 | €622,813 | €646,633 | +€23,820 | +3.8% |
| Amounts payable after more than one year | 17 | €0 | €448,657 | +€448,657 | |
| Financial debts | 170/4 | €0 | €448,657 | +€448,657 | |
| Amounts payable within one year | 42/48 | €620,568 | €197,976 | -€422,592 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €55,207 | €32,528 | -€22,680 | -41.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €27,865 | €50,784 | +€22,920 | +82.3% |
| Suppliers | 440/4 | €27,865 | €50,784 | +€22,920 | +82.3% |
| Taxes, remuneration and social security | 45 | €15,232 | €14,664 | -€569 | -3.7% |
| Taxes | 450/3 | €15,232 | €14,664 | -€569 | -3.7% |
| Other amounts payable | 47/48 | €422,264 | €0 | -€422,264 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,245 | €0 | -€2,245 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,757 | €56,498 | -€24,259 | -30.0% |
| Other operating charges | 640/8 | €12,007 | €9,138 | -€2,869 | -23.9% |
| Gross operating margin | 9900 | €94,984 | €56,963 | -€38,020 | -40.0% |
| Operating profit (loss) | 9901 | €2,219 | -€8,673 | -€10,892 | |
| Financial income | 75/76B | €242 | €1,504 | +€1,262 | +522.5% |
| Recurring financial income | 75 | €242 | €1,504 | +€1,262 | +522.5% |
| Financial charges | 65/66B | €9,627 | €29,318 | +€19,691 | +204.6% |
| Recurring financial charges | 65 | €9,627 | €29,318 | +€19,691 | +204.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,166 | -€36,487 | -€29,321 | -409.2% |
| Income taxes | 67/77 | €17,237 | €0 | -€17,237 | -100.0% |
| Profit (loss) for the period | 9904 | -€24,403 | -€36,487 | -€12,084 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,403 | -€36,487 | -€12,084 | -49.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.