SDTL: 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.
SDTL
Largest movements
- Receivables within one year +€75,439
up €75,439 (+32.7%), from €230,381 to €305,820
of which Trade receivables: +€82,050
- Cash +€72,139
up €72,139 (+74.3%), from €97,045 to €169,184
mainly Net result for the year (+€153,250) and Depreciation (+€81,742)
- Tangible fixed assets -€30,788
down €30,788 (-1.3%), from €2.4m to €2.3m
- Reserves +€153,250
up €153,250 (+14.6%), from €1.1m to €1.2m
of which Distributable reserves: +€153,250
- Debts after one year -€91,367
down €91,367 (-7.4%), from €1.2m to €1.1m
of which Financial debts: -€91,367
- Tax, wage and social debts +€38,324
up €38,324 (+167.0%), from €22,943 to €61,268
of which Taxes: +€38,111
- Gross operating margin +€15,346
up €15,346 (+4.7%), from €324,952 to €340,298
- Other operating charges +€15,342
up €15,342 (+207.0%), from €7,411 to €22,753
- Depreciation -€11,658
down €11,658 (-12.5%), from €93,399 to €81,742
- Taxes +€3,451
up €3,451 (+8.0%), from €43,011 to €46,462
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 | €2,680,986 | €2,803,292 | +€122,306 | +4.6% |
| Fixed assets | 21/28 | €2,351,629 | €2,320,841 | -€30,788 | -1.3% |
| Tangible fixed assets | 22/27 | €2,351,629 | €2,320,841 | -€30,788 | -1.3% |
| Land and buildings | 22 | €2,351,629 | €2,320,841 | -€30,788 | -1.3% |
| Current assets | 29/58 | €329,357 | €482,451 | +€153,094 | +46.5% |
| Amounts receivable within one year | 40/41 | €230,381 | €305,820 | +€75,439 | +32.7% |
| Trade receivables | 40 | €223,390 | €305,440 | +€82,050 | +36.7% |
| Other amounts receivable | 41 | €6,991 | €380 | -€6,611 | -94.6% |
| Cash at bank and in hand | 54/58 | €97,045 | €169,184 | +€72,139 | +74.3% |
| Deferred charges and accrued income | 490/1 | €1,931 | €7,446 | +€5,515 | +285.7% |
| Total equity and liabilities | 10/49 | €2,680,986 | €2,803,292 | +€122,306 | +4.6% |
| Equity | 10/15 | €1,090,766 | €1,244,016 | +€153,250 | +14.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,050,766 | €1,204,016 | +€153,250 | +14.6% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €1,046,766 | €1,200,016 | +€153,250 | +14.6% |
| Amounts payable | 17/49 | €1,590,220 | €1,559,276 | -€30,945 | -1.9% |
| Amounts payable after more than one year | 17 | €1,234,559 | €1,143,193 | -€91,367 | -7.4% |
| Financial debts | 170/4 | €834,559 | €743,193 | -€91,367 | -10.9% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €355,661 | €398,204 | +€42,543 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €90,476 | €91,367 | +€890 | +1.0% |
| Trade debts | 44 | €1,395 | €2,482 | +€1,087 | +77.9% |
| Suppliers | 440/4 | €1,395 | €2,482 | +€1,087 | +77.9% |
| Taxes, remuneration and social security | 45 | €22,943 | €61,268 | +€38,324 | +167.0% |
| Taxes | 450/3 | €19,782 | €57,894 | +€38,111 | +192.7% |
| Remuneration and social security | 454/9 | €3,161 | €3,374 | +€213 | +6.7% |
| Other amounts payable | 47/48 | €240,846 | €243,088 | +€2,242 | +0.9% |
| Accrued charges and deferred income | 492/3 | €0 | €17,879 | +€17,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,399 | €81,742 | -€11,658 | -12.5% |
| Other operating charges | 640/8 | €7,411 | €22,753 | +€15,342 | +207.0% |
| Gross operating margin | 9900 | €324,952 | €340,298 | +€15,346 | +4.7% |
| Operating profit (loss) | 9901 | €224,142 | €235,803 | +€11,661 | +5.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €33,898 | €36,090 | +€2,193 | +6.5% |
| Recurring financial charges | 65 | €33,898 | €36,090 | +€2,193 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €190,244 | €199,713 | +€9,469 | +5.0% |
| Income taxes | 67/77 | €43,011 | €46,462 | +€3,451 | +8.0% |
| Profit (loss) for the period | 9904 | €147,233 | €153,250 | +€6,018 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,233 | €153,250 | +€6,018 | +4.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.