SDW Support: 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 Support
Largest movements
- Cash +€78,896
up €78,896 (+148%), from €53,389 to €132,286
mainly Net result for the year (+€65,854) and Tax, wage and social debts (+€10,592)
- Receivables within one year +€1,828
up €1,828 (+10.2%), from €17,895 to €19,723
of which Trade receivables: +€1,762
- Reserves +€65,854
up €65,854 (+206%), from €31,949 to €97,802
- Tax, wage and social debts +€10,592
up €10,592 (+51.9%), from €20,427 to €31,019
- Other debts +€4,922
up €4,922 (+87.8%), from €5,607 to €10,529
- Gross operating margin +€45,952
up €45,952 (+93.3%), from €49,239 to €95,192
- Taxes +€13,163
up €13,163 (+107%), from €12,249 to €25,412
- Staff costs -€1,600
no longer reported in 2026 (was €1,600)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,075 | €155,753 | +€80,678 | +107% |
| Fixed assets | 21/28 | €3,521 | €3,414 | -€107 | -3.0% |
| Tangible fixed assets | 22/27 | €3,521 | €3,414 | -€107 | -3.0% |
| Plant, machinery and equipment | 23 | €1,450 | €1,095 | -€355 | -24.5% |
| Furniture and vehicles | 24 | €2,071 | €2,319 | +€248 | +12.0% |
| Current assets | 29/58 | €71,555 | €152,339 | +€80,784 | +113% |
| Amounts receivable within one year | 40/41 | €17,895 | €19,723 | +€1,828 | +10.2% |
| Trade receivables | 40 | €17,853 | €19,615 | +€1,762 | +9.9% |
| Other amounts receivable | 41 | €42 | €108 | +€66 | +157% |
| Cash at bank and in hand | 54/58 | €53,389 | €132,286 | +€78,896 | +148% |
| Deferred charges and accrued income | 490/1 | €270 | €330 | +€60 | +22.2% |
| Total equity and liabilities | 10/49 | €75,075 | €155,753 | +€80,678 | +107% |
| Equity | 10/15 | €46,949 | €112,802 | +€65,854 | +140% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €31,949 | €97,802 | +€65,854 | +206% |
| Distributable reserves | 133 | €31,949 | €97,802 | +€65,854 | +206% |
| Amounts payable | 17/49 | €28,127 | €42,951 | +€14,824 | +52.7% |
| Amounts payable within one year | 42/48 | €28,127 | €42,951 | +€14,824 | +52.7% |
| Trade debts | 44 | €2,092 | €1,403 | -€689 | -32.9% |
| Suppliers | 440/4 | €2,092 | €1,403 | -€689 | -32.9% |
| Taxes, remuneration and social security | 45 | €20,427 | €31,019 | +€10,592 | +51.9% |
| Taxes | 450/3 | €20,427 | €31,019 | +€10,592 | +51.9% |
| Other amounts payable | 47/48 | €5,607 | €10,529 | +€4,922 | +87.8% |
| Remuneration, social security and pensions | 62 | €1,600 | - | -€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858 | €940 | +€81 | +9.5% |
| Other operating charges | 640/8 | - | €608 | +€608 | |
| Gross operating margin | 9900 | €49,239 | €95,192 | +€45,952 | +93.3% |
| Operating profit (loss) | 9901 | €46,781 | €93,644 | +€46,863 | +100% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,583 | €2,378 | -€205 | -7.9% |
| Recurring financial charges | 65 | €2,583 | €2,378 | -€205 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €44,198 | €91,265 | +€47,068 | +106% |
| Income taxes | 67/77 | €12,249 | €25,412 | +€13,163 | +107% |
| Profit (loss) for the period | 9904 | €31,949 | €65,854 | +€33,905 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €31,949 | €65,854 | +€33,905 | +106% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.