SDX Solutions: 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.
SDX Solutions
Largest movements
- Tangible fixed assets -€27,270
down €27,270 (-94.0%), from €29,018 to €1,748
- Receivables within one year -€14,558
down €14,558 (-69.0%), from €21,101 to €6,543
of which Trade receivables: -€14,557
- Cash -€11,340
down €11,340 (-75.4%), from €15,046 to €3,706
mainly Net result for the year (-€15,778) and Other debts (-€11,584)
- Deferred charges and accrued income +€1,792
up €1,792 (+829.0%), from €216 to €2,008
- Other debts -€11,584
down €11,584 (-39.9%), from €29,032 to €17,448
- Profit (loss) carried forward -€11,030
new in 2025: -€11,030
- Current portion of long-term debt -€9,607
down €9,607 (-94.0%), from €10,222 to €615
- Tax, wage and social debts -€7,252
down €7,252 (-72.0%), from €10,070 to €2,818
of which Remuneration and social security: -€4,173
- Trade debts -€5,760
down €5,760 (-66.5%), from €8,657 to €2,896
- Gross operating margin -€42,733
down €42,733 (-85.7%), from €49,843 to €7,109
- Staff costs -€27,454
down €27,454 (-94.5%), from €29,056 to €1,601
- Depreciation -€17,638
down €17,638 (-97.7%), from €18,059 to €421
- Other operating charges -€1,088
down €1,088 (-91.3%), from €1,191 to €103
- Taxes -€663
down €663 (-100.0%), from €663 to €0
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 | €65,501 | €14,004 | -€51,497 | -78.6% |
| Fixed assets | 21/28 | €29,138 | €1,748 | -€27,390 | -94.0% |
| Tangible fixed assets | 22/27 | €29,018 | €1,748 | -€27,270 | -94.0% |
| Furniture and vehicles | 24 | €29,018 | €1,748 | -€27,270 | -94.0% |
| Financial fixed assets | 28 | €120 | €0 | -€120 | -100.0% |
| Current assets | 29/58 | €36,363 | €12,257 | -€24,106 | -66.3% |
| Amounts receivable within one year | 40/41 | €21,101 | €6,543 | -€14,558 | -69.0% |
| Trade receivables | 40 | €21,100 | €6,543 | -€14,557 | -69.0% |
| Other amounts receivable | 41 | €1 | €0 | -€1 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,046 | €3,706 | -€11,340 | -75.4% |
| Deferred charges and accrued income | 490/1 | €216 | €2,008 | +€1,792 | +829.0% |
| Total equity and liabilities | 10/49 | €65,501 | €14,004 | -€51,497 | -78.6% |
| Equity | 10/15 | €5,748 | -€10,030 | -€15,778 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,748 | €0 | -€4,748 | -100.0% |
| Distributable reserves | 133 | €4,748 | €0 | -€4,748 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€11,030 | -€11,030 | |
| Amounts payable | 17/49 | €59,753 | €24,034 | -€35,719 | -59.8% |
| Amounts payable after more than one year | 17 | €1,772 | €256 | -€1,516 | -85.5% |
| Financial debts | 170/4 | €1,772 | €256 | -€1,516 | -85.5% |
| Amounts payable within one year | 42/48 | €57,981 | €23,778 | -€34,203 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €10,222 | €615 | -€9,607 | -94.0% |
| Trade debts | 44 | €8,657 | €2,896 | -€5,760 | -66.5% |
| Suppliers | 440/4 | €8,657 | €2,896 | -€5,760 | -66.5% |
| Taxes, remuneration and social security | 45 | €10,070 | €2,818 | -€7,252 | -72.0% |
| Taxes | 450/3 | €5,898 | €2,818 | -€3,080 | -52.2% |
| Remuneration and social security | 454/9 | €4,173 | €0 | -€4,173 | -100.0% |
| Other amounts payable | 47/48 | €29,032 | €17,448 | -€11,584 | -39.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €22 | €0 | -€22 | -100.0% |
| Remuneration, social security and pensions | 62 | €29,056 | €1,601 | -€27,454 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,059 | €421 | -€17,638 | -97.7% |
| Other operating charges | 640/8 | €1,191 | €103 | -€1,088 | -91.3% |
| Non-recurring operating charges | 66A | €114 | €18,972 | +€18,859 | +16574.7% |
| Gross operating margin | 9900 | €49,843 | €7,109 | -€42,733 | -85.7% |
| Operating profit (loss) | 9901 | €1,422 | -€13,988 | -€15,411 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -20.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -20.0% |
| Financial charges | 65/66B | €1,406 | €1,790 | +€384 | +27.3% |
| Recurring financial charges | 65 | €1,406 | €1,790 | +€384 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €16 | -€15,778 | -€15,794 | |
| Income taxes | 67/77 | €663 | €0 | -€663 | -100.0% |
| Profit (loss) for the period | 9904 | -€646 | -€15,778 | -€15,132 | -2340.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€646 | -€15,778 | -€15,132 | -2340.7% |
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 8 October 2026 via checked.be.