SDS technics: 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 technics
Largest movements
- Cash -€71,726
down €71,726 (-63.8%), from €112,487 to €40,761
mainly Receivables within one year (-€48,060) and Trade debts (-€28,849)
- Receivables within one year +€48,060
up €48,060 (+42.9%), from €112,055 to €160,115
of which Other amounts receivable: +€24,149
- Tangible fixed assets -€16,494
down €16,494 (-31.3%), from €52,736 to €36,242
of which Leasing and similar rights: -€13,712
- Trade debts -€28,849
down €28,849 (-64.1%), from €44,995 to €16,146
- Debts after one year -€6,827
down €6,827 (-31.0%), from €22,016 to €15,188
- Reserves +€4,790
up €4,790 (+9.8%), from €48,750 to €53,540
- Current portion of long-term debt -€4,393
down €4,393 (-39.2%), from €11,220 to €6,827
- Tax, wage and social debts -€3,437
down €3,437 (-29.2%), from €11,779 to €8,342
- Gross operating margin -€141,342
down €141,342 (-82.0%), from €172,457 to €31,116
- Financial income +€4,130
up €4,130 (+465.7%), from €887 to €5,017
- Depreciation +€3,445
up €3,445 (+26.4%), from €13,049 to €16,494
- Taxes -€3,437
down €3,437 (-48.1%), from €7,144 to €3,707
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 | €283,070 | €244,355 | -€38,716 | -13.7% |
| Fixed assets | 21/28 | €52,736 | €36,242 | -€16,494 | -31.3% |
| Tangible fixed assets | 22/27 | €52,736 | €36,242 | -€16,494 | -31.3% |
| Plant, machinery and equipment | 23 | €2,065 | €1,351 | -€714 | -34.6% |
| Furniture and vehicles | 24 | €4,929 | €2,862 | -€2,068 | -41.9% |
| Leasing and similar rights | 25 | €45,741 | €32,029 | -€13,712 | -30.0% |
| Current assets | 29/58 | €230,334 | €208,112 | -€22,222 | -9.6% |
| Stocks and contracts in progress | 3 | €2,820 | €3,410 | +€590 | +20.9% |
| Stocks | 30/36 | €2,820 | €3,410 | +€590 | +20.9% |
| Amounts receivable within one year | 40/41 | €112,055 | €160,115 | +€48,060 | +42.9% |
| Trade receivables | 40 | €46,768 | €70,680 | +€23,912 | +51.1% |
| Other amounts receivable | 41 | €65,287 | €89,436 | +€24,149 | +37.0% |
| Cash at bank and in hand | 54/58 | €112,487 | €40,761 | -€71,726 | -63.8% |
| Deferred charges and accrued income | 490/1 | €2,973 | €3,827 | +€854 | +28.7% |
| Total equity and liabilities | 10/49 | €283,070 | €244,355 | -€38,716 | -13.7% |
| Equity | 10/15 | €68,060 | €72,851 | +€4,791 | +7.0% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Reserves | 13 | €48,750 | €53,540 | +€4,790 | +9.8% |
| Distributable reserves | 133 | €48,750 | €53,540 | +€4,790 | +9.8% |
| Profit (loss) carried forward | 14 | €1,810 | €1,811 | +€1 | 0.0% |
| Amounts payable | 17/49 | €215,010 | €171,504 | -€43,507 | -20.2% |
| Amounts payable after more than one year | 17 | €22,016 | €15,188 | -€6,827 | -31.0% |
| Financial debts | 170/4 | €22,016 | €15,188 | -€6,827 | -31.0% |
| Amounts payable within one year | 42/48 | €192,995 | €156,316 | -€36,679 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €11,220 | €6,827 | -€4,393 | -39.2% |
| Trade debts | 44 | €44,995 | €16,146 | -€28,849 | -64.1% |
| Suppliers | 440/4 | €44,995 | €16,146 | -€28,849 | -64.1% |
| Taxes, remuneration and social security | 45 | €11,779 | €8,342 | -€3,437 | -29.2% |
| Taxes | 450/3 | €11,779 | €8,342 | -€3,437 | -29.2% |
| Other amounts payable | 47/48 | €125,000 | €125,000 | = | 0.0% |
| Non-recurring operating income | 76A | €11,570 | - | -€11,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,049 | €16,494 | +€3,445 | +26.4% |
| Other operating charges | 640/8 | €2,603 | €1,750 | -€853 | -32.8% |
| Gross operating margin | 9900 | €172,457 | €31,116 | -€141,342 | -82.0% |
| Operating profit (loss) | 9901 | €156,806 | €12,872 | -€143,934 | -91.8% |
| Financial income | 75/76B | €887 | €5,017 | +€4,130 | +465.7% |
| Recurring financial income | 75 | €887 | €5,017 | +€4,130 | +465.7% |
| Financial charges | 65/66B | €9,773 | €9,390 | -€383 | -3.9% |
| Recurring financial charges | 65 | €9,773 | €9,390 | -€383 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €147,919 | €8,498 | -€139,421 | -94.3% |
| Income taxes | 67/77 | €7,144 | €3,707 | -€3,437 | -48.1% |
| Profit (loss) for the period | 9904 | €140,775 | €4,791 | -€135,984 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €140,775 | €4,791 | -€135,984 | -96.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.