SDV CONSULTANCY: 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 CONSULTANCY
Largest movements
- Cash +€13,431
up €13,431 (+24.6%), from €54,710 to €68,141
mainly Net result for the year (+€59,579) and Depreciation (+€6,678)
- Receivables within one year +€8,356
up €8,356 (+54.2%), from €15,431 to €23,787
of which Other amounts receivable: +€7,619
- Tangible fixed assets -€6,678
down €6,678 (-4.5%), from €147,799 to €141,121
of which Land and buildings: -€4,983
- Reserves +€12,579
up €12,579 (+6.9%), from €183,060 to €195,639
- Current portion of long-term debt +€3,366
new in 2025: €3,366
- Other debts -€2,696
down €2,696 (-70.7%), from €3,813 to €1,118
- Gross operating margin +€17,590
up €17,590 (+26.6%), from €66,165 to €83,755
- Taxes +€5,491
up €5,491 (+74.2%), from €7,401 to €12,892
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 | €219,588 | €235,936 | +€16,347 | +7.4% |
| Fixed assets | 21/28 | €147,799 | €141,121 | -€6,678 | -4.5% |
| Tangible fixed assets | 22/27 | €147,799 | €141,121 | -€6,678 | -4.5% |
| Land and buildings | 22 | €143,897 | €138,914 | -€4,983 | -3.5% |
| Plant, machinery and equipment | 23 | €1,674 | €977 | -€696 | -41.6% |
| Furniture and vehicles | 24 | €2,229 | €1,229 | -€999 | -44.8% |
| Current assets | 29/58 | €71,790 | €94,815 | +€23,025 | +32.1% |
| Amounts receivable within one year | 40/41 | €15,431 | €23,787 | +€8,356 | +54.2% |
| Trade receivables | 40 | €12,719 | €13,456 | +€737 | +5.8% |
| Other amounts receivable | 41 | €2,712 | €10,331 | +€7,619 | +280.9% |
| Cash at bank and in hand | 54/58 | €54,710 | €68,141 | +€13,431 | +24.6% |
| Deferred charges and accrued income | 490/1 | €1,649 | €2,887 | +€1,238 | +75.1% |
| Total equity and liabilities | 10/49 | €219,588 | €235,936 | +€16,347 | +7.4% |
| Equity | 10/15 | €203,060 | €215,639 | +€12,579 | +6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €183,060 | €195,639 | +€12,579 | +6.9% |
| Distributable reserves | 133 | €183,060 | €195,639 | +€12,579 | +6.9% |
| Amounts payable | 17/49 | €16,529 | €20,297 | +€3,768 | +22.8% |
| Amounts payable within one year | 42/48 | €16,529 | €20,297 | +€3,768 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,366 | +€3,366 | |
| Trade debts | 44 | €1,696 | €2,709 | +€1,013 | +59.7% |
| Suppliers | 440/4 | €1,696 | €2,709 | +€1,013 | +59.7% |
| Taxes, remuneration and social security | 45 | €11,020 | €13,105 | +€2,085 | +18.9% |
| Taxes | 450/3 | €11,020 | €13,105 | +€2,085 | +18.9% |
| Other amounts payable | 47/48 | €3,813 | €1,118 | -€2,696 | -70.7% |
| Non-recurring operating income | 76A | €7,430 | - | -€7,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,011 | €6,678 | -€333 | -4.7% |
| Other operating charges | 640/8 | €1,944 | €1,870 | -€73 | -3.8% |
| Gross operating margin | 9900 | €66,165 | €83,755 | +€17,590 | +26.6% |
| Operating profit (loss) | 9901 | €57,211 | €75,206 | +€17,996 | +31.5% |
| Financial income | 75/76B | €1,034 | €198 | -€836 | -80.9% |
| Recurring financial income | 75 | €1,034 | €198 | -€836 | -80.9% |
| Financial charges | 65/66B | €2,793 | €2,932 | +€139 | +5.0% |
| Recurring financial charges | 65 | €2,793 | €2,932 | +€139 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €55,451 | €72,472 | +€17,020 | +30.7% |
| Income taxes | 67/77 | €7,401 | €12,892 | +€5,491 | +74.2% |
| Profit (loss) for the period | 9904 | €48,050 | €59,579 | +€11,529 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,050 | €59,579 | +€11,529 | +24.0% |
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.