SDW Consulting & management: 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.
SDW Consulting & management
Largest movements
- Receivables within one year -€22,717
down €22,717 (-77.0%), from €29,487 to €6,770
of which Trade receivables: -€18,259
- Cash +€20,544
up €20,544 (+232%), from €8,849 to €29,393
mainly Receivables within one year (+€22,717) and Receivables after one year (+€9,136)
- Receivables after one year -€9,136
down €9,136 (-43.6%), from €20,959 to €11,822
- Tangible fixed assets +€4,272
up €4,272 (+115%), from €3,705 to €7,977
- Deferred charges and accrued income -€1,796
down €1,796 (-47.7%), from €3,761 to €1,965
- Reserves -€24,087
down €24,087 (-73.6%), from €32,731 to €8,644
- Other debts +€7,991
up €7,991 (+1,001%), from €798 to €8,789
- Tax, wage and social debts +€6,772
up €6,772 (+27.3%), from €24,799 to €31,571
of which Remuneration and social security: +€22,272
- Gross operating margin -€21,353
down €21,353, from €9,449 to -€11,903
- Staff costs +€4,504
new in 2025: €4,504
- Taxes -€2,201
down €2,201 (-84.4%), from €2,608 to €408
- Depreciation +€1,345
up €1,345 (+114%), from €1,184 to €2,528
- Other operating charges +€477
up €477 (+27.9%), from €1,708 to €2,185
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 | €66,761 | €57,928 | -€8,833 | -13.2% |
| Fixed assets | 21/28 | €3,705 | €7,977 | +€4,272 | +115% |
| Tangible fixed assets | 22/27 | €3,705 | €7,977 | +€4,272 | +115% |
| Furniture and vehicles | 24 | €3,705 | €7,977 | +€4,272 | +115% |
| Current assets | 29/58 | €63,055 | €49,951 | -€13,105 | -20.8% |
| Amounts receivable after more than one year | 29 | €20,959 | €11,822 | -€9,136 | -43.6% |
| Other amounts receivable | 291 | €20,959 | €11,822 | -€9,136 | -43.6% |
| Amounts receivable within one year | 40/41 | €29,487 | €6,770 | -€22,717 | -77.0% |
| Trade receivables | 40 | €24,239 | €5,980 | -€18,259 | -75.3% |
| Other amounts receivable | 41 | €5,248 | €790 | -€4,458 | -84.9% |
| Cash at bank and in hand | 54/58 | €8,849 | €29,393 | +€20,544 | +232% |
| Deferred charges and accrued income | 490/1 | €3,761 | €1,965 | -€1,796 | -47.7% |
| Total equity and liabilities | 10/49 | €66,761 | €57,928 | -€8,833 | -13.2% |
| Equity | 10/15 | €32,731 | €8,644 | -€24,087 | -73.6% |
| Reserves | 13 | €32,731 | €8,644 | -€24,087 | -73.6% |
| Distributable reserves | 133 | €32,731 | €8,644 | -€24,087 | -73.6% |
| Amounts payable | 17/49 | €34,029 | €49,284 | +€15,254 | +44.8% |
| Amounts payable within one year | 42/48 | €34,029 | €49,284 | +€15,254 | +44.8% |
| Trade debts | 44 | €8,433 | €8,924 | +€491 | +5.8% |
| Suppliers | 440/4 | €8,433 | €8,924 | +€491 | +5.8% |
| Taxes, remuneration and social security | 45 | €24,799 | €31,571 | +€6,772 | +27.3% |
| Taxes | 450/3 | €18,516 | €3,016 | -€15,500 | -83.7% |
| Remuneration and social security | 454/9 | €6,283 | €28,555 | +€22,272 | +354% |
| Other amounts payable | 47/48 | €798 | €8,789 | +€7,991 | +1,001% |
| Remuneration, social security and pensions | 62 | - | €4,504 | +€4,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €2,528 | +€1,345 | +114% |
| Other operating charges | 640/8 | €1,708 | €2,185 | +€477 | +27.9% |
| Gross operating margin | 9900 | €9,449 | -€11,903 | -€21,353 | |
| Operating profit (loss) | 9901 | €6,558 | -€21,121 | -€27,678 | |
| Financial income | 75/76B | €919 | €865 | -€54 | -5.9% |
| Recurring financial income | 75 | €919 | €865 | -€54 | -5.9% |
| Financial charges | 65/66B | €3,092 | €3,423 | +€332 | +10.7% |
| Recurring financial charges | 65 | €3,092 | €3,423 | +€332 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €4,385 | -€23,679 | -€28,064 | |
| Income taxes | 67/77 | €2,608 | €408 | -€2,201 | -84.4% |
| Profit (loss) for the period | 9904 | €1,776 | -€24,087 | -€25,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,776 | -€24,087 | -€25,863 |
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 31 October 2026 via checked.be.