SDYF: 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.
SDYF
Largest movements
- Cash -€10,440
down €10,440 (-40.8%), from €25,598 to €15,158
mainly Trade debts (-€13,355) and Investment in fixed assets (net) (-€8,346)
- Tangible fixed assets -€8,966
down €8,966 (-11.2%), from €79,793 to €70,826
of which Furniture and vehicles: -€13,081
- Stocks and contracts +€5,070
up €5,070 (+120.4%), from €4,211 to €9,281
- Deferred charges and accrued income +€4,943
up €4,943 (+33.6%), from €14,690 to €19,633
- Receivables within one year -€3,090
down €3,090 (-54.6%), from €5,662 to €2,572
of which Trade receivables: -€4,121
- Trade debts -€13,355
down €13,355 (-87.3%), from €15,294 to €1,939
- Profit (loss) carried forward +€10,234
up €10,234 (+31.2%), from €32,798 to €43,033
- Other debts -€7,209
down €7,209 (-11.2%), from €64,403 to €57,194
- Tax, wage and social debts -€2,154
down €2,154 (-22.3%), from €9,642 to €7,489
of which Taxes: -€2,283
- Gross operating margin +€11,941
up €11,941 (+26.6%), from €44,856 to €56,797
- Financial charges +€2,859
up €2,859 (+194.7%), from €1,468 to €4,327
- Write-downs +€2,500
new in 2024: €2,500
- Staff costs +€2,231
up €2,231 (+15.6%), from €14,310 to €16,541
- Depreciation +€2,223
up €2,223 (+14.7%), from €15,089 to €17,312
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,955 | €117,471 | -€12,484 | -9.6% |
| Fixed assets | 21/28 | €79,793 | €70,826 | -€8,966 | -11.2% |
| Tangible fixed assets | 22/27 | €79,793 | €70,826 | -€8,966 | -11.2% |
| Land and buildings | 22 | €23,711 | €31,316 | +€7,606 | +32.1% |
| Plant, machinery and equipment | 23 | €18,026 | €14,535 | -€3,491 | -19.4% |
| Furniture and vehicles | 24 | €38,056 | €24,975 | -€13,081 | -34.4% |
| Current assets | 29/58 | €50,162 | €46,644 | -€3,518 | -7.0% |
| Stocks and contracts in progress | 3 | €4,211 | €9,281 | +€5,070 | +120.4% |
| Stocks | 30/36 | €4,211 | €9,281 | +€5,070 | +120.4% |
| Amounts receivable within one year | 40/41 | €5,662 | €2,572 | -€3,090 | -54.6% |
| Trade receivables | 40 | €4,576 | €455 | -€4,121 | -90.1% |
| Other amounts receivable | 41 | €1,087 | €2,117 | +€1,030 | +94.8% |
| Cash at bank and in hand | 54/58 | €25,598 | €15,158 | -€10,440 | -40.8% |
| Deferred charges and accrued income | 490/1 | €14,690 | €19,633 | +€4,943 | +33.6% |
| Total equity and liabilities | 10/49 | €129,955 | €117,471 | -€12,484 | -9.6% |
| Equity | 10/15 | €40,615 | €50,849 | +€10,234 | +25.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,617 | €1,617 | = | 0.0% |
| Distributable reserves | 133 | €1,617 | €1,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,798 | €43,033 | +€10,234 | +31.2% |
| Amounts payable | 17/49 | €89,340 | €66,622 | -€22,718 | -25.4% |
| Amounts payable within one year | 42/48 | €89,340 | €66,622 | -€22,718 | -25.4% |
| Trade debts | 44 | €15,294 | €1,939 | -€13,355 | -87.3% |
| Suppliers | 440/4 | €15,294 | €1,939 | -€13,355 | -87.3% |
| Taxes, remuneration and social security | 45 | €9,642 | €7,489 | -€2,154 | -22.3% |
| Taxes | 450/3 | €4,856 | €2,573 | -€2,283 | -47.0% |
| Remuneration and social security | 454/9 | €4,787 | €4,916 | +€129 | +2.7% |
| Other amounts payable | 47/48 | €64,403 | €57,194 | -€7,209 | -11.2% |
| Remuneration, social security and pensions | 62 | €14,310 | €16,541 | +€2,231 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,089 | €17,312 | +€2,223 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,500 | +€2,500 | |
| Other operating charges | 640/8 | €1,387 | €1,735 | +€348 | +25.1% |
| Gross operating margin | 9900 | €44,856 | €56,797 | +€11,941 | +26.6% |
| Operating profit (loss) | 9901 | €14,070 | €18,709 | +€4,638 | +33.0% |
| Financial income | 75/76B | €170 | €19 | -€151 | -88.9% |
| Recurring financial income | 75 | €170 | €19 | -€151 | -88.9% |
| Financial charges | 65/66B | €1,468 | €4,327 | +€2,859 | +194.7% |
| Recurring financial charges | 65 | €1,468 | €4,327 | +€2,859 | +194.7% |
| Profit (loss) for the period before taxes | 9903 | €12,772 | €14,401 | +€1,628 | +12.7% |
| Income taxes | 67/77 | €3,018 | €4,166 | +€1,149 | +38.1% |
| Profit (loss) for the period | 9904 | €9,755 | €10,234 | +€480 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,755 | €10,234 | +€480 | +4.9% |
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 3 October 2026 via checked.be.