SDV TRANSAMI: 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.
What changed
SDV TRANSAMI
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€7.0m
2023 · €4.5m+€2.6m
Equity
€51.3m
2023 · €44.2m+€7.0m
Cash
€2.4m
2023 · €795,111+€1.6m
Balance sheet total
€113.1m
2023 · €81.5m+€31.6m
Largest movements
Assets
- Receivables within one year +€20.9m
up €20.9m (+38.7%), from €54.0m to €74.9m
of which Other amounts receivable: +€20.9m
- Financial fixed assets +€9.1m
up €9.1m (+34.1%), from €26.7m to €35.8m
of which Affiliated companies: +€9.1m
- Cash +€1.6m
up €1.6m (+203.6%), from €795,111 to €2.4m
mainly Other debts (+€23.3m) and Net result for the year (+€7.0m)
Equity and liabilities
- Other debts +€23.3m
up €23.3m (+66.3%), from €35.1m to €58.4m
- Profit (loss) carried forward +€7.0m
up €7.0m (+22.3%), from €31.6m to €38.6m
- Provisions +€1.9m
new in 2024: €1.9m
Income statement
- Financial charges -€2.8m
down €2.8m, from €1.7m to -€1.1m
of which Financial charges: -€2.7m
- Provisions +€1.9m
new in 2024: €1.9m
- Financial income +€1.9m
up €1.9m (+28.2%), from €6.6m to €8.4m
of which Non-recurring financial income: +€1.3m
From the 2023 result to the 2024 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.
Result 2023
€4.5m
Provisions
-€1.9m
Other operating charges
-€16
Other operating items
-€12,648
Financial income
+€1.9m
Financial charges
+€2.8m
Taxes
-€113,324
Result 2024
€7.0m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€11.4m
Investment
-€9.1m
Financing
-€668,489
Cash 2023
€795,111
From operations (derived)
+€11.4m
Net result for the year
+€7.0m
Receivables within one year
-€20.9m
Provisions
+€1.9m
Trade debts
-€7,000
Tax, wage and social debts
+€74,568
Other debts
+€23.3m
Investment (derived)
-€9.1m
Investment in fixed assets (net)
-€9.1m
Financing
-€668,489
Debts after one year
-€668,489
Cash 2024
€2.4m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,477,542 | €113,105,123 | +€31.6m | +38.8% |
| Fixed assets | 21/28 | €26,655,748 | €35,757,350 | +€9.1m | +34.1% |
| Financial fixed assets | 28 | €26,655,748 | €35,757,350 | +€9.1m | +34.1% |
| Affiliated companies | 280/1 | €26,655,633 | €35,757,235 | +€9.1m | +34.1% |
| Participating interests | 280 | €24,804,095 | €34,687,139 | +€9.9m | +39.8% |
| Amounts receivable | 281 | €1,851,538 | €1,070,096 | -€781,442 | -42.2% |
| Other financial fixed assets | 284/8 | €115 | €115 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €54,821,794 | €77,347,772 | +€22.5m | +41.1% |
| Amounts receivable within one year | 40/41 | €54,026,683 | €74,934,112 | +€20.9m | +38.7% |
| Trade receivables | 40 | €13,690 | €14,561 | +€871 | +6.4% |
| Other amounts receivable | 41 | €54,012,993 | €74,919,550 | +€20.9m | +38.7% |
| Cash at bank and in hand | 54/58 | €795,111 | €2,413,661 | +€1.6m | +203.6% |
| Total equity and liabilities | 10/49 | €81,477,542 | €113,105,123 | +€31.6m | +38.8% |
| Equity | 10/15 | €44,247,434 | €51,281,726 | +€7.0m | +15.9% |
| Contributions | 10/11 | €11,500,000 | €11,500,000 | = | 0.0% |
| Capital | 10 | €11,500,000 | €11,500,000 | = | 0.0% |
| Issued capital | 100 | €11,500,000 | €11,500,000 | = | 0.0% |
| Reserves | 13 | €1,150,000 | €1,150,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,150,000 | €1,150,000 | = | 0.0% |
| Legal reserve | 130 | €1,150,000 | €1,150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,597,434 | €38,631,726 | +€7.0m | +22.3% |
| Provisions and deferred taxes | 16 | - | €1,932,409 | +€1.9m | |
| Provisions for liabilities and charges | 160/5 | - | €1,932,409 | +€1.9m | |
| Other liabilities and charges | 164/5 | - | €1,932,409 | +€1.9m | |
| Amounts payable | 17/49 | €37,230,109 | €59,890,988 | +€22.7m | +60.9% |
| Amounts payable after more than one year | 17 | €2,081,265 | €1,412,776 | -€668,489 | -32.1% |
| Financial debts | 170/4 | €2,081,265 | €1,412,776 | -€668,489 | -32.1% |
| Other loans | 174 | €2,081,265 | €1,412,776 | -€668,489 | -32.1% |
| Amounts payable within one year | 42/48 | €35,148,843 | €58,478,212 | +€23.3m | +66.4% |
| Trade debts | 44 | €39,050 | €32,050 | -€7,000 | -17.9% |
| Suppliers | 440/4 | €39,050 | €32,050 | -€7,000 | -17.9% |
| Taxes, remuneration and social security | 45 | €3,132 | €77,700 | +€74,568 | +2380.7% |
| Taxes | 450/3 | €3,132 | €77,700 | +€74,568 | +2380.7% |
| Other amounts payable | 47/48 | €35,106,661 | €58,368,462 | +€23.3m | +66.3% |
| Operating charges | 60/66A | €265,448 | €2,210,521 | +€1.9m | +732.8% |
| Services and other goods | 61 | €264,378 | €277,026 | +€12,648 | +4.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,932,409 | +€1.9m | |
| Other operating charges | 640/8 | €1,069 | €1,086 | +€16 | +1.5% |
| Operating profit (loss) | 9901 | -€265,448 | -€2,210,521 | -€1.9m | -732.8% |
| Financial income | 75/76B | €6,583,367 | €8,437,732 | +€1.9m | +28.2% |
| Recurring financial income | 75 | €6,583,367 | €7,158,686 | +€575,319 | +8.7% |
| Income from financial fixed assets | 750 | €3,022,043 | €2,582,532 | -€439,511 | -14.5% |
| Income from current assets | 751 | €3,152,501 | €4,196,628 | +€1.0m | +33.1% |
| Other financial income | 752/9 | €408,822 | €379,526 | -€29,296 | -7.2% |
| Non-recurring financial income | 76B | - | €1,279,047 | +€1.3m | |
| Financial charges | 65/66B | €1,668,288 | -€1,090,068 | -€2.8m | |
| Recurring financial charges | 65 | €1,622,891 | -€1,090,068 | -€2.7m | |
| Debt charges | 650 | €1,258,385 | €2,594,209 | +€1.3m | +106.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€2,134,204 | -€3,692,444 | -€1.6m | -73.0% |
| Other financial charges | 652/9 | €2,498,710 | €8,167 | -€2.5m | -99.7% |
| Non-recurring financial charges | 66B | €45,398 | - | -€45,398 | |
| Profit (loss) for the period before taxes | 9903 | €4,649,631 | €7,317,279 | +€2.7m | +57.4% |
| Income taxes | 67/77 | €169,664 | €282,987 | +€113,324 | +66.8% |
| Taxes | 670/3 | €169,664 | €282,987 | +€113,324 | +66.8% |
| Profit (loss) for the period | 9904 | €4,479,967 | €7,034,292 | +€2.6m | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,479,967 | €7,034,292 | +€2.6m | +57.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.