SDV Consult: 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.
SDV Consult
Largest movements
- Cash +€11,810
up €11,810 (+22.0%), from €53,751 to €65,561
mainly Net result for the year (+€15,550) and Trade debts (+€5,701)
- Receivables within one year +€5,763
up €5,763 (+22.6%), from €25,478 to €31,242
of which Trade receivables: +€5,253
- Deferred charges and accrued income -€3,115
down €3,115 (-43.7%), from €7,124 to €4,008
- Tangible fixed assets -€1,266
down €1,266 (-19.6%), from €6,443 to €5,177
of which Furniture and vehicles: -€1,042
- Reserves +€15,550
up €15,550 (+27.8%), from €55,935 to €71,485
- Other debts -€11,412
down €11,412 (-64.0%), from €17,818 to €6,407
- Trade debts +€5,701
up €5,701 (+549.0%), from €1,038 to €6,739
- Short-term financial debts +€4,172
up €4,172 (+442.9%), from €942 to €5,113
- Current portion of long-term debt -€3,731
no longer reported in 2025 (was €3,731)
- Gross operating margin -€12,356
down €12,356 (-29.2%), from €42,379 to €30,024
- Taxes -€4,516
down €4,516 (-35.0%), from €12,893 to €8,378
- Financial income -€3,722
down €3,722 (-94.1%), from €3,956 to €233
- Financial charges +€874
up €874 (+53.6%), from €1,629 to €2,503
- Depreciation +€614
up €614 (+29.5%), from €2,081 to €2,695
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 | €106,838 | €120,030 | +€13,192 | +12.3% |
| Fixed assets | 21/28 | €6,443 | €5,177 | -€1,266 | -19.6% |
| Tangible fixed assets | 22/27 | €6,443 | €5,177 | -€1,266 | -19.6% |
| Furniture and vehicles | 24 | €4,626 | €3,584 | -€1,042 | -22.5% |
| Other tangible fixed assets | 26 | €1,817 | €1,593 | -€224 | -12.3% |
| Current assets | 29/58 | €100,395 | €114,854 | +€14,458 | +14.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,478 | €31,242 | +€5,763 | +22.6% |
| Trade receivables | 40 | €20,112 | €25,365 | +€5,253 | +26.1% |
| Other amounts receivable | 41 | €5,366 | €5,876 | +€511 | +9.5% |
| Current investments | 50/53 | €14,043 | €14,043 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,751 | €65,561 | +€11,810 | +22.0% |
| Deferred charges and accrued income | 490/1 | €7,124 | €4,008 | -€3,115 | -43.7% |
| Total equity and liabilities | 10/49 | €106,838 | €120,030 | +€13,192 | +12.3% |
| Equity | 10/15 | €74,535 | €90,085 | +€15,550 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,935 | €71,485 | +€15,550 | +27.8% |
| Distributable reserves | 133 | €55,935 | €71,485 | +€15,550 | +27.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €32,303 | €29,945 | -€2,358 | -7.3% |
| Amounts payable within one year | 42/48 | €30,997 | €28,551 | -€2,446 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €3,731 | - | -€3,731 | |
| Financial debts | 43 | €942 | €5,113 | +€4,172 | +442.9% |
| Credit institutions | 430/8 | €942 | €5,113 | +€4,172 | +442.9% |
| Trade debts | 44 | €1,038 | €6,739 | +€5,701 | +549.0% |
| Suppliers | 440/4 | €1,038 | €6,739 | +€5,701 | +549.0% |
| Taxes, remuneration and social security | 45 | €7,467 | €10,292 | +€2,824 | +37.8% |
| Taxes | 450/3 | €7,467 | €7,397 | -€70 | -0.9% |
| Remuneration and social security | 454/9 | - | €2,895 | +€2,895 | |
| Other amounts payable | 47/48 | €17,818 | €6,407 | -€11,412 | -64.0% |
| Accrued charges and deferred income | 492/3 | €1,306 | €1,394 | +€88 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,081 | €2,695 | +€614 | +29.5% |
| Other operating charges | 640/8 | €1,241 | €1,131 | -€110 | -8.9% |
| Gross operating margin | 9900 | €42,379 | €30,024 | -€12,356 | -29.2% |
| Operating profit (loss) | 9901 | €39,057 | €26,197 | -€12,860 | -32.9% |
| Financial income | 75/76B | €3,956 | €233 | -€3,722 | -94.1% |
| Recurring financial income | 75 | €3,956 | €233 | -€3,722 | -94.1% |
| Financial charges | 65/66B | €1,629 | €2,503 | +€874 | +53.6% |
| Recurring financial charges | 65 | €1,629 | €2,503 | +€874 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €41,383 | €23,928 | -€17,456 | -42.2% |
| Income taxes | 67/77 | €12,893 | €8,378 | -€4,516 | -35.0% |
| Profit (loss) for the period | 9904 | €28,490 | €15,550 | -€12,940 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,490 | €15,550 | -€12,940 | -45.4% |
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 4 October 2026 via checked.be.