SDT Global: 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.
SDT Global
Largest movements
- Financial fixed assets +€9,000
new in 2025: €9,000
- Tangible fixed assets +€5,741
up €5,741 (+503.9%), from €1,139 to €6,880
- Receivables within one year +€1,537
up €1,537 (+12.6%), from €12,222 to €13,758
- Deferred charges and accrued income +€768
up €768 (+110.0%), from €698 to €1,465
- Reserves +€16,302
up €16,302 (+116.7%), from €13,964 to €30,265
- Tax, wage and social debts +€738
up €738 (+10.1%), from €7,283 to €8,021
of which Taxes: +€2,238
- Trade debts -€643
down €643 (-46.3%), from €1,388 to €745
- Gross operating margin +€4,668
up €4,668 (+25.3%), from €18,481 to €23,149
- Other operating charges +€1,447
up €1,447 (+886.7%), from €163 to €1,610
- Taxes +€612
up €612 (+17.5%), from €3,491 to €4,103
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 | €27,832 | €44,421 | +€16,590 | +59.6% |
| Formation expenses | 20 | €265 | - | -€265 | |
| Fixed assets | 21/28 | €1,139 | €15,880 | +€14,741 | +1294.0% |
| Tangible fixed assets | 22/27 | €1,139 | €6,880 | +€5,741 | +503.9% |
| Furniture and vehicles | 24 | €1,139 | €6,880 | +€5,741 | +503.9% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €26,427 | €28,541 | +€2,114 | +8.0% |
| Amounts receivable within one year | 40/41 | €12,222 | €13,758 | +€1,537 | +12.6% |
| Trade receivables | 40 | €12,222 | €13,758 | +€1,537 | +12.6% |
| Cash at bank and in hand | 54/58 | €13,508 | €13,318 | -€190 | -1.4% |
| Deferred charges and accrued income | 490/1 | €698 | €1,465 | +€768 | +110.0% |
| Total equity and liabilities | 10/49 | €27,832 | €44,421 | +€16,590 | +59.6% |
| Equity | 10/15 | €18,964 | €35,265 | +€16,302 | +86.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,964 | €30,265 | +€16,302 | +116.7% |
| Distributable reserves | 133 | €13,964 | €30,265 | +€16,302 | +116.7% |
| Amounts payable | 17/49 | €8,868 | €9,156 | +€288 | +3.2% |
| Amounts payable within one year | 42/48 | €8,868 | €9,156 | +€288 | +3.2% |
| Trade debts | 44 | €1,388 | €745 | -€643 | -46.3% |
| Suppliers | 440/4 | €1,388 | €745 | -€643 | -46.3% |
| Taxes, remuneration and social security | 45 | €7,283 | €8,021 | +€738 | +10.1% |
| Taxes | 450/3 | €5,783 | €8,021 | +€2,238 | +38.7% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €197 | €390 | +€192 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €824 | €1,023 | +€199 | +24.2% |
| Other operating charges | 640/8 | €163 | €1,610 | +€1,447 | +886.7% |
| Gross operating margin | 9900 | €18,481 | €23,149 | +€4,668 | +25.3% |
| Operating profit (loss) | 9901 | €17,494 | €20,516 | +€3,022 | +17.3% |
| Financial charges | 65/66B | €40 | €111 | +€71 | +178.2% |
| Recurring financial charges | 65 | €40 | €111 | +€71 | +178.2% |
| Profit (loss) for the period before taxes | 9903 | €17,454 | €20,405 | +€2,951 | +16.9% |
| Income taxes | 67/77 | €3,491 | €4,103 | +€612 | +17.5% |
| Profit (loss) for the period | 9904 | €13,964 | €16,302 | +€2,338 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,964 | €16,302 | +€2,338 | +16.7% |
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 8 October 2026 via checked.be.