SDS PRO: what changed
Two fiscal 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 PRO
Largest movements
- Receivables within one year +€98,813
up €98,813 (+77.4%), from €127,715 to €226,529
of which Trade receivables: +€93,868
- Cash -€23,696
down €23,696 (-61.7%), from €38,420 to €14,724
mainly Receivables within one year (-€98,813)
- Tangible fixed assets -€8,932
down €8,932 (-59.2%), from €15,077 to €6,145
of which Furniture and vehicles: -€8,833
- Trade debts +€30,390
up €30,390 (+97.6%), from €31,132 to €61,522
- Profit (loss) carried forward +€12,812
up €12,812 (+11.9%), from €107,916 to €120,728
- Current portion of long-term debt +€9,480
new in 2025: €9,480
- Short-term financial debts +€7,751
new in 2025: €7,751
- Tax, wage and social debts +€5,753
up €5,753 (+17.1%), from €33,623 to €39,376
of which Remuneration and social security: +€7,261
- Purchases and services -€329,850
down €329,850 (-53.4%), from €617,533 to €287,683
- Turnover +€284,580
up €284,580 (+8657.1%), from €3,287 to €287,867
- Gross operating margin -€160,879
down €160,879 (-70.1%), from €229,382 to €68,503
- Write-downs -€103,109
no longer reported in 2025 (was €103,109)
- Taxes -€19,187
down €19,187 (-68.5%), from €28,017 to €8,830
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 | €181,332 | €247,518 | +€66,186 | +36.5% |
| Fixed assets | 21/28 | €15,197 | €6,265 | -€8,932 | -58.8% |
| Tangible fixed assets | 22/27 | €15,077 | €6,145 | -€8,932 | -59.2% |
| Plant, machinery and equipment | 23 | €99 | - | -€99 | |
| Furniture and vehicles | 24 | €14,978 | €6,145 | -€8,833 | -59.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €166,135 | €241,252 | +€75,118 | +45.2% |
| Amounts receivable within one year | 40/41 | €127,715 | €226,529 | +€98,813 | +77.4% |
| Trade receivables | 40 | €22,989 | €116,856 | +€93,868 | +408.3% |
| Other amounts receivable | 41 | €104,727 | €109,673 | +€4,946 | +4.7% |
| Cash at bank and in hand | 54/58 | €38,420 | €14,724 | -€23,696 | -61.7% |
| Total equity and liabilities | 10/49 | €181,332 | €247,518 | +€66,186 | +36.5% |
| Equity | 10/15 | €115,976 | €128,788 | +€12,812 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €107,916 | €120,728 | +€12,812 | +11.9% |
| Amounts payable | 17/49 | €65,356 | €118,730 | +€53,374 | +81.7% |
| Amounts payable within one year | 42/48 | €65,356 | €118,730 | +€53,374 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,480 | +€9,480 | |
| Financial debts | 43 | - | €7,751 | +€7,751 | |
| Credit institutions | 430/8 | - | €7,751 | +€7,751 | |
| Trade debts | 44 | €31,132 | €61,522 | +€30,390 | +97.6% |
| Suppliers | 440/4 | €31,132 | €61,522 | +€30,390 | +97.6% |
| Advances received on contracts in progress | 46 | €600 | €600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €33,623 | €39,376 | +€5,753 | +17.1% |
| Taxes | 450/3 | €29,525 | €28,017 | -€1,508 | -5.1% |
| Remuneration and social security | 454/9 | €4,099 | €11,360 | +€7,261 | +177.2% |
| Turnover | 70 | €3,287 | €287,867 | +€284,580 | +8657.1% |
| Non-recurring operating income | 76A | €34,047 | - | -€34,047 | |
| Goods, raw materials, services and sundry goods | 60/61 | €617,533 | €287,683 | -€329,850 | -53.4% |
| Remuneration, social security and pensions | 62 | €34,047 | €34,742 | +€695 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,398 | €8,932 | +€4,533 | +103.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €103,109 | - | -€103,109 | |
| Other operating charges | 640/8 | €1,165 | €7,782 | +€6,618 | +568.2% |
| Gross operating margin | 9900 | €229,382 | €68,503 | -€160,879 | -70.1% |
| Operating profit (loss) | 9901 | €86,663 | €17,047 | -€69,616 | -80.3% |
| Financial income | 75/76B | €3,287 | €5,553 | +€2,266 | +68.9% |
| Recurring financial income | 75 | €3,287 | €5,553 | +€2,266 | +68.9% |
| Financial charges | 65/66B | €1,869 | €959 | -€910 | -48.7% |
| Recurring financial charges | 65 | €1,869 | €959 | -€910 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €88,081 | €21,641 | -€66,440 | -75.4% |
| Income taxes | 67/77 | €28,017 | €8,830 | -€19,187 | -68.5% |
| Profit (loss) for the period | 9904 | €60,065 | €12,812 | -€47,253 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,065 | €12,812 | -€47,253 | -78.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.