SDV-Consult: 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.
SDV-Consult
Largest movements
- Receivables within one year +€47,439
up €47,439 (+2,283%), from €2,078 to €49,517
- Cash -€9,203
down €9,203 (-66.9%), from €13,764 to €4,562
mainly Receivables within one year (-€47,439) and Tax, wage and social debts (-€9,822)
- Tangible fixed assets +€4,939
up €4,939 (+102%), from €4,829 to €9,768
of which Furniture and vehicles: +€4,712
- Profit (loss) carried forward +€52,882
new in 2025: €52,882
- Tax, wage and social debts -€9,822
down €9,822 (-81.4%), from €12,072 to €2,250
- Gross operating margin +€11,839
up €11,839 (+20.1%), from €58,944 to €70,783
- Taxes +€1,943
up €1,943 (+15.0%), from €12,922 to €14,864
- Depreciation +€1,099
up €1,099 (+77.3%), from €1,421 to €2,520
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 | €22,919 | €65,989 | +€43,070 | +188% |
| Fixed assets | 21/28 | €4,829 | €9,768 | +€4,939 | +102% |
| Tangible fixed assets | 22/27 | €4,829 | €9,768 | +€4,939 | +102% |
| Plant, machinery and equipment | 23 | - | €227 | +€227 | |
| Furniture and vehicles | 24 | €4,829 | €9,542 | +€4,712 | +97.6% |
| Current assets | 29/58 | €18,090 | €56,220 | +€38,131 | +211% |
| Amounts receivable within one year | 40/41 | €2,078 | €49,517 | +€47,439 | +2,283% |
| Other amounts receivable | 41 | €2,078 | €49,517 | +€47,439 | +2,283% |
| Cash at bank and in hand | 54/58 | €13,764 | €4,562 | -€9,203 | -66.9% |
| Deferred charges and accrued income | 490/1 | €2,247 | €2,142 | -€106 | -4.7% |
| Total equity and liabilities | 10/49 | €22,919 | €65,989 | +€43,070 | +188% |
| Equity | 10/15 | €1,500 | €54,382 | +€52,882 | +3,525% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €52,882 | +€52,882 | |
| Amounts payable | 17/49 | €21,419 | €11,607 | -€9,812 | -45.8% |
| Amounts payable within one year | 42/48 | €21,419 | €11,607 | -€9,812 | -45.8% |
| Trade debts | 44 | €2,222 | €1,775 | -€448 | -20.1% |
| Suppliers | 440/4 | €2,222 | €1,775 | -€448 | -20.1% |
| Taxes, remuneration and social security | 45 | €12,072 | €2,250 | -€9,822 | -81.4% |
| Taxes | 450/3 | €12,072 | €2,250 | -€9,822 | -81.4% |
| Other amounts payable | 47/48 | €7,125 | €7,582 | +€457 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €2,520 | +€1,099 | +77.3% |
| Other operating charges | 640/8 | €401 | €440 | +€39 | +9.8% |
| Gross operating margin | 9900 | €58,944 | €70,783 | +€11,839 | +20.1% |
| Operating profit (loss) | 9901 | €57,123 | €67,824 | +€10,701 | +18.7% |
| Financial charges | 65/66B | €78 | €78 | = | 0.0% |
| Recurring financial charges | 65 | €78 | €78 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €57,045 | €67,746 | +€10,701 | +18.8% |
| Income taxes | 67/77 | €12,922 | €14,864 | +€1,943 | +15.0% |
| Profit (loss) for the period | 9904 | €44,123 | €52,882 | +€8,759 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,123 | €52,882 | +€8,759 | +19.9% |
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 26 October 2026 via checked.be.