SDT RECOVERY: 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.
SDT RECOVERY
Largest movements
- Tangible fixed assets -€3,902
down €3,902 (-10.6%), from €36,771 to €32,870
of which Furniture and vehicles: -€19,144
- Cash +€1,378
up €1,378 (+44.1%), from €3,126 to €4,504
mainly Debts after one year (+€6,938) and Depreciation (+€3,902)
- Receivables within one year -€880
no longer reported in 2025 (was €880)
- Other debts -€11,124
no longer reported in 2025 (was €11,124)
- Debts after one year +€6,938
up €6,938 (+26.7%), from €26,009 to €32,947
- Accrued charges and deferred income +€858
new in 2025: €858
- Current portion of long-term debt -€768
down €768 (-7.1%), from €10,824 to €10,055
- Trade debts +€561
up €561 (+322%), from €174 to €736
- Gross operating margin -€5,780
down €5,780 (-49.9%), from €11,573 to €5,793
- Other operating charges -€1,497
down €1,497 (-72.3%), from €2,069 to €572
- Depreciation -€766
down €766 (-16.4%), from €4,668 to €3,902
- Financial charges +€264
up €264 (+28.6%), from €923 to €1,187
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.
Derived cash bridge
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 | €40,777 | €37,374 | -€3,403 | -8.3% |
| Fixed assets | 21/28 | €36,771 | €32,870 | -€3,902 | -10.6% |
| Tangible fixed assets | 22/27 | €36,771 | €32,870 | -€3,902 | -10.6% |
| Land and buildings | 22 | €889 | €856 | -€33 | -3.7% |
| Plant, machinery and equipment | 23 | €16,676 | €31,952 | +€15,276 | +91.6% |
| Furniture and vehicles | 24 | €19,207 | €62 | -€19,144 | -99.7% |
| Current assets | 29/58 | €4,006 | €4,504 | +€498 | +12.4% |
| Amounts receivable within one year | 40/41 | €880 | - | -€880 | |
| Trade receivables | 40 | €880 | - | -€880 | |
| Cash at bank and in hand | 54/58 | €3,126 | €4,504 | +€1,378 | +44.1% |
| Total equity and liabilities | 10/49 | €40,777 | €37,374 | -€3,403 | -8.3% |
| Equity | 10/15 | -€7,354 | -€7,221 | +€132 | +1.8% |
| Contributions | 10/11 | €3,030 | €3,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,384 | -€10,251 | +€132 | +1.3% |
| Amounts payable | 17/49 | €48,131 | €44,595 | -€3,535 | -7.3% |
| Amounts payable after more than one year | 17 | €26,009 | €32,947 | +€6,938 | +26.7% |
| Financial debts | 170/4 | €26,009 | €32,947 | +€6,938 | +26.7% |
| Amounts payable within one year | 42/48 | €22,122 | €10,791 | -€11,331 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €10,824 | €10,055 | -€768 | -7.1% |
| Trade debts | 44 | €174 | €736 | +€561 | +322% |
| Suppliers | 440/4 | €174 | €736 | +€561 | +322% |
| Other amounts payable | 47/48 | €11,124 | - | -€11,124 | |
| Accrued charges and deferred income | 492/3 | - | €858 | +€858 | |
| Remuneration, social security and pensions | 62 | €113 | - | -€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,668 | €3,902 | -€766 | -16.4% |
| Other operating charges | 640/8 | €2,069 | €572 | -€1,497 | -72.3% |
| Gross operating margin | 9900 | €11,573 | €5,793 | -€5,780 | -49.9% |
| Operating profit (loss) | 9901 | €4,723 | €1,319 | -€3,403 | -72.1% |
| Financial charges | 65/66B | €923 | €1,187 | +€264 | +28.6% |
| Recurring financial charges | 65 | €923 | €1,187 | +€264 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €3,800 | €132 | -€3,667 | -96.5% |
| Profit (loss) for the period | 9904 | €3,800 | €132 | -€3,667 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,800 | €132 | -€3,667 | -96.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.