SDT INVEST: what changed
What changed
SDT INVEST
filed annual accounts (NBB)
Net result for the year
€9,082
2024 · €4,583+€4,499
Equity
€126,190
2024 · €117,108+€9,082
Cash
€22,053
2024 · €35,238-€13,185
Balance sheet total
€254,591
2024 · €237,219+€17,372
Largest movements
Assets
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€17,457
down €17,457 (-8.8%), from €198,144 to €180,686
- Cash -€13,185
down €13,185 (-37.4%), from €35,238 to €22,053
mainly Current investments (-€50,000)
Equity and liabilities
- Profit (loss) carried forward +€9,082
up €9,082 (+9.4%), from €96,648 to €105,730
- Other debts +€5,007
up €5,007 (+5.2%), from €96,561 to €101,568
Income statement
- Gross operating margin +€5,835
up €5,835 (+16.8%), from €34,751 to €40,586
- Taxes +€1,986
up €1,986 (+130%), from €1,528 to €3,513
- Financial charges -€410
down €410 (-5.6%), from €7,314 to €6,904
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,583
Gross operating margin
+€5,835
Depreciation
+€337
Other operating charges
-€98
Financial charges
+€410
Taxes
-€1,986
Result 2025
€9,082
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€36,815
Investment
-€50,000
Financing
€0
Cash 2024
€35,238
From operations (derived)
+€36,815
Net result for the year
+€9,082
Depreciation
+€17,457
Receivables within one year
+€1,986
Trade debts
+€1,230
Tax, wage and social debts
+€2,053
Other debts
+€5,007
Investment (derived)
-€50,000
Current investments
-€50,000
Cash 2025
€22,053
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,219 | €254,591 | +€17,372 | +7.3% |
| Fixed assets | 21/28 | €198,144 | €180,686 | -€17,457 | -8.8% |
| Tangible fixed assets | 22/27 | €198,144 | €180,686 | -€17,457 | -8.8% |
| Land and buildings | 22 | €198,144 | €180,686 | -€17,457 | -8.8% |
| Current assets | 29/58 | €39,075 | €73,904 | +€34,829 | +89.1% |
| Amounts receivable within one year | 40/41 | €3,837 | €1,851 | -€1,986 | -51.8% |
| Other amounts receivable | 41 | €3,837 | €1,851 | -€1,986 | -51.8% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €35,238 | €22,053 | -€13,185 | -37.4% |
| Total equity and liabilities | 10/49 | €237,219 | €254,591 | +€17,372 | +7.3% |
| Equity | 10/15 | €117,108 | €126,190 | +€9,082 | +7.8% |
| 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 | €96,648 | €105,730 | +€9,082 | +9.4% |
| Amounts payable | 17/49 | €120,111 | €128,401 | +€8,290 | +6.9% |
| Amounts payable after more than one year | 17 | €21,000 | €21,000 | = | 0.0% |
| Other amounts payable | 178/9 | €21,000 | €21,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €99,111 | €107,401 | +€8,290 | +8.4% |
| Trade debts | 44 | €367 | €1,597 | +€1,230 | +335% |
| Suppliers | 440/4 | €367 | €1,597 | +€1,230 | +335% |
| Taxes, remuneration and social security | 45 | €2,184 | €4,237 | +€2,053 | +94.0% |
| Taxes | 450/3 | €2,184 | €4,237 | +€2,053 | +94.0% |
| Other amounts payable | 47/48 | €96,561 | €101,568 | +€5,007 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,795 | €17,457 | -€337 | -1.9% |
| Other operating charges | 640/8 | €3,531 | €3,629 | +€98 | +2.8% |
| Gross operating margin | 9900 | €34,751 | €40,586 | +€5,835 | +16.8% |
| Operating profit (loss) | 9901 | €13,425 | €19,499 | +€6,075 | +45.2% |
| Financial charges | 65/66B | €7,314 | €6,904 | -€410 | -5.6% |
| Recurring financial charges | 65 | €7,314 | €6,904 | -€410 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €6,110 | €12,595 | +€6,485 | +106% |
| Income taxes | 67/77 | €1,528 | €3,513 | +€1,986 | +130% |
| Profit (loss) for the period | 9904 | €4,583 | €9,082 | +€4,499 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,583 | €9,082 | +€4,499 | +98.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.