SFD Solutions: what changed
SFD Solutions
Largest movements
- Tangible fixed assets +€20,014
up €20,014 (+5,130%), from €390 to €20,405
- Receivables within one year +€9,475
up €9,475 (+253%), from €3,750 to €13,225
of which Trade receivables: +€9,475
- Cash +€2,427
up €2,427 (+71.1%), from €3,412 to €5,839
mainly Net result for the year (+€10,369) and Tax, wage and social debts (+€7,870)
- Deferred charges and accrued income +€843
new in 2025: €843
- Profit (loss) carried forward +€10,369
up €10,369, from -€6,964 to €3,405
- Tax, wage and social debts +€7,870
up €7,870 (+4,019%), from €196 to €8,066
of which Taxes: +€6,470
- Other debts +€7,645
up €7,645 (+75.5%), from €10,128 to €17,773
- Trade debts +€6,876
up €6,876 (+406%), from €1,692 to €8,567
- Gross operating margin +€20,716
up €20,716, from -€119 to €20,597
- Taxes +€4,654
up €4,654 (+2,888%), from €161 to €4,815
- Financial charges +€1,856
up €1,856 (+1,140%), from €163 to €2,019
- Depreciation +€1,449
up €1,449 (+373%), from €388 to €1,837
- Other operating charges +€970
up €970 (+131%), from €742 to €1,712
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,552 | €40,312 | +€32,760 | +434% |
| Fixed assets | 21/28 | €390 | €20,405 | +€20,014 | +5,130% |
| Tangible fixed assets | 22/27 | €390 | €20,405 | +€20,014 | +5,130% |
| Furniture and vehicles | 24 | €390 | €20,405 | +€20,014 | +5,130% |
| Current assets | 29/58 | €7,162 | €19,907 | +€12,746 | +178% |
| Amounts receivable within one year | 40/41 | €3,750 | €13,225 | +€9,475 | +253% |
| Trade receivables | 40 | €3,750 | €13,225 | +€9,475 | +253% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,412 | €5,839 | +€2,427 | +71.1% |
| Deferred charges and accrued income | 490/1 | - | €843 | +€843 | |
| Total equity and liabilities | 10/49 | €7,552 | €40,312 | +€32,760 | +434% |
| Equity | 10/15 | -€4,464 | €5,905 | +€10,369 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,964 | €3,405 | +€10,369 | |
| Amounts payable | 17/49 | €12,016 | €34,407 | +€22,391 | +186% |
| Amounts payable within one year | 42/48 | €12,016 | €34,407 | +€22,391 | +186% |
| Trade debts | 44 | €1,692 | €8,567 | +€6,876 | +406% |
| Suppliers | 440/4 | €1,692 | €8,567 | +€6,876 | +406% |
| Taxes, remuneration and social security | 45 | €196 | €8,066 | +€7,870 | +4,019% |
| Taxes | 450/3 | €196 | €6,666 | +€6,470 | +3,304% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €10,128 | €17,773 | +€7,645 | +75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €1,837 | +€1,449 | +373% |
| Other operating charges | 640/8 | €742 | €1,712 | +€970 | +131% |
| Gross operating margin | 9900 | -€119 | €20,597 | +€20,716 | |
| Operating profit (loss) | 9901 | -€1,248 | €17,049 | +€18,297 | |
| Financial income | 75/76B | €2 | €154 | +€153 | +9,091% |
| Recurring financial income | 75 | €2 | €154 | +€153 | +9,091% |
| Financial charges | 65/66B | €163 | €2,019 | +€1,856 | +1,140% |
| Recurring financial charges | 65 | €163 | €2,019 | +€1,856 | +1,140% |
| Profit (loss) for the period before taxes | 9903 | -€1,409 | €15,184 | +€16,594 | |
| Income taxes | 67/77 | €161 | €4,815 | +€4,654 | +2,888% |
| Profit (loss) for the period | 9904 | -€1,571 | €10,369 | +€11,940 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,571 | €10,369 | +€11,940 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.