SDS TEAM: 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 TEAM
Largest movements
- Receivables within one year +€89,694
up €89,694 (+124.8%), from €71,843 to €161,537
of which Trade receivables: +€66,291
- Cash -€40,901
down €40,901 (-50.2%), from €81,531 to €40,630
mainly Receivables within one year (-€89,694) and Other debts (-€10,067)
- Trade debts +€51,070
up €51,070 (+38.9%), from €131,382 to €182,452
- Other debts -€10,067
down €10,067 (-98.5%), from €10,218 to €151
- Profit (loss) carried forward +€7,956
up €7,956, from -€6,826 to €1,130
- Gross operating margin +€13,445
up €13,445 (+568.3%), from €2,366 to €15,811
- Write-downs +€4,283
new in 2026: €4,283
- Taxes +€3,000
new in 2026: €3,000
- Other operating charges -€1,223
down €1,223 (-72.4%), from €1,689 to €465
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,375 | €202,334 | +€48,959 | +31.9% |
| Current assets | 29/58 | €153,375 | €202,334 | +€48,959 | +31.9% |
| Amounts receivable within one year | 40/41 | €71,843 | €161,537 | +€89,694 | +124.8% |
| Trade receivables | 40 | €67,315 | €133,605 | +€66,291 | +98.5% |
| Other amounts receivable | 41 | €4,528 | €27,932 | +€23,404 | +516.8% |
| Cash at bank and in hand | 54/58 | €81,531 | €40,630 | -€40,901 | -50.2% |
| Deferred charges and accrued income | 490/1 | - | €166 | +€166 | |
| Total equity and liabilities | 10/49 | €153,375 | €202,334 | +€48,959 | +31.9% |
| Equity | 10/15 | €11,774 | €19,730 | +€7,956 | +67.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,826 | €1,130 | +€7,956 | |
| Amounts payable | 17/49 | €141,600 | €182,603 | +€41,003 | +29.0% |
| Amounts payable within one year | 42/48 | €141,600 | €182,603 | +€41,003 | +29.0% |
| Trade debts | 44 | €131,382 | €182,452 | +€51,070 | +38.9% |
| Suppliers | 440/4 | €131,382 | €182,452 | +€51,070 | +38.9% |
| Other amounts payable | 47/48 | €10,218 | €151 | -€10,067 | -98.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,283 | +€4,283 | |
| Other operating charges | 640/8 | €1,689 | €465 | -€1,223 | -72.4% |
| Gross operating margin | 9900 | €2,366 | €15,811 | +€13,445 | +568.3% |
| Operating profit (loss) | 9901 | €677 | €11,062 | +€10,385 | +1534.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900.0% |
| Financial charges | 65/66B | €114 | €106 | -€8 | -7.3% |
| Recurring financial charges | 65 | €114 | €106 | -€8 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €563 | €10,956 | +€10,394 | +1847.6% |
| Income taxes | 67/77 | - | €3,000 | +€3,000 | |
| Profit (loss) for the period | 9904 | €563 | €7,956 | +€7,394 | +1314.3% |
| Profit (loss) for the period to be appropriated | 9905 | €563 | €7,956 | +€7,394 | +1314.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.