SDV Solutions: 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 Solutions
Largest movements
- Receivables within one year +€64,038
up €64,038 (+1,373%), from €4,665 to €68,704
of which Other amounts receivable: +€51,026
- Cash +€33,247
up €33,247 (+35.8%), from €92,741 to €125,988
mainly Net result for the year (+€82,706) and Tax, wage and social debts (+€23,656)
- Tangible fixed assets +€8,050
up €8,050 (+134%), from €5,988 to €14,037
- Profit (loss) carried forward +€82,706
up €82,706 (+113%), from €73,367 to €156,072
- Tax, wage and social debts +€23,656
up €23,656 (+93.3%), from €25,346 to €49,002
- Gross operating margin +€12,557
up €12,557 (+13.3%), from €94,294 to €106,850
- Taxes +€2,874
up €2,874 (+15.4%), from €18,653 to €21,527
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 | €103,394 | €208,752 | +€105,358 | +102% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,988 | €14,037 | +€8,050 | +134% |
| Tangible fixed assets | 22/27 | €5,988 | €14,037 | +€8,050 | +134% |
| Furniture and vehicles | 24 | €5,988 | €14,037 | +€8,050 | +134% |
| Current assets | 29/58 | €97,406 | €194,715 | +€97,309 | +99.9% |
| Amounts receivable within one year | 40/41 | €4,665 | €68,704 | +€64,038 | +1,373% |
| Trade receivables | 40 | €2,112 | €15,125 | +€13,013 | +616% |
| Other amounts receivable | 41 | €2,553 | €53,579 | +€51,026 | +1,999% |
| Cash at bank and in hand | 54/58 | €92,741 | €125,988 | +€33,247 | +35.8% |
| Deferred charges and accrued income | 490/1 | - | €23 | +€23 | |
| Total equity and liabilities | 10/49 | €103,394 | €208,752 | +€105,358 | +102% |
| Equity | 10/15 | €76,367 | €159,072 | +€82,706 | +108% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,367 | €156,072 | +€82,706 | +113% |
| Amounts payable | 17/49 | €27,027 | €49,680 | +€22,653 | +83.8% |
| Amounts payable within one year | 42/48 | €27,027 | €49,680 | +€22,653 | +83.8% |
| Trade debts | 44 | €1,681 | €678 | -€1,004 | -59.7% |
| Suppliers | 440/4 | €1,681 | €678 | -€1,004 | -59.7% |
| Taxes, remuneration and social security | 45 | €25,346 | €49,002 | +€23,656 | +93.3% |
| Taxes | 450/3 | €25,346 | €49,002 | +€23,656 | +93.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,060 | €2,958 | +€898 | +43.6% |
| Other operating charges | 640/8 | - | €438 | +€438 | |
| Gross operating margin | 9900 | €94,294 | €106,850 | +€12,557 | +13.3% |
| Operating profit (loss) | 9901 | €92,234 | €103,454 | +€11,220 | +12.2% |
| Financial income | 75/76B | - | €955 | +€955 | |
| Recurring financial income | 75 | - | €955 | +€955 | |
| Financial charges | 65/66B | €214 | €177 | -€38 | -17.6% |
| Recurring financial charges | 65 | €214 | €177 | -€38 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €92,020 | €104,232 | +€12,213 | +13.3% |
| Income taxes | 67/77 | €18,653 | €21,527 | +€2,874 | +15.4% |
| Profit (loss) for the period | 9904 | €73,367 | €82,706 | +€9,339 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,367 | €82,706 | +€9,339 | +12.7% |
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 19 October 2026 via checked.be.