SOUTHDIAM: 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.
SOUTHDIAM
Largest movements
- Stocks and contracts -€690,475
no longer reported in 2025 (was €690,475)
- Cash -€128,396
down €128,396 (-65.1%), from €197,220 to €68,824
mainly Net result for the year (-€492,635) and Other debts (-€359,150)
- Profit (loss) carried forward -€492,635
down €492,635 (-146%), from -€336,948 to -€829,583
- Other debts -€359,150
down €359,150 (-28.6%), from €1.3m to €895,346
- Tax, wage and social debts +€26,759
up €26,759 (+292%), from €9,156 to €35,915
- Gross operating margin -€481,386
down €481,386, from €10,558 to -€470,829
- Other operating charges +€7,319
up €7,319 (+127%), from €5,758 to €13,077
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 | €1,296,886 | €468,931 | -€827,955 | -63.8% |
| Fixed assets | 21/28 | €398,038 | €398,038 | = | 0.0% |
| Tangible fixed assets | 22/27 | €397,145 | €397,145 | = | 0.0% |
| Land and buildings | 22 | €397,145 | €397,145 | = | 0.0% |
| Financial fixed assets | 28 | €892 | €892 | = | 0.0% |
| Current assets | 29/58 | €898,848 | €70,893 | -€827,955 | -92.1% |
| Stocks and contracts in progress | 3 | €690,475 | - | -€690,475 | |
| Stocks | 30/36 | €690,475 | - | -€690,475 | |
| Amounts receivable within one year | 40/41 | €11,038 | €1,928 | -€9,109 | -82.5% |
| Trade receivables | 40 | €8,116 | - | -€8,116 | |
| Other amounts receivable | 41 | €2,921 | €1,928 | -€993 | -34.0% |
| Cash at bank and in hand | 54/58 | €197,220 | €68,824 | -€128,396 | -65.1% |
| Deferred charges and accrued income | 490/1 | €116 | €141 | +€25 | +21.5% |
| Total equity and liabilities | 10/49 | €1,296,886 | €468,931 | -€827,955 | -63.8% |
| Equity | 10/15 | €25,812 | -€466,824 | -€492,635 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €344,160 | €344,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €342,300 | €342,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,948 | -€829,583 | -€492,635 | -146% |
| Amounts payable | 17/49 | €1,271,075 | €935,754 | -€335,320 | -26.4% |
| Amounts payable within one year | 42/48 | €1,269,866 | €931,689 | -€338,177 | -26.6% |
| Trade debts | 44 | €6,215 | €428 | -€5,787 | -93.1% |
| Suppliers | 440/4 | €6,215 | €428 | -€5,787 | -93.1% |
| Taxes, remuneration and social security | 45 | €9,156 | €35,915 | +€26,759 | +292% |
| Taxes | 450/3 | €9,156 | €35,915 | +€26,759 | +292% |
| Other amounts payable | 47/48 | €1,254,495 | €895,346 | -€359,150 | -28.6% |
| Accrued charges and deferred income | 492/3 | €1,208 | €4,065 | +€2,857 | +236% |
| Remuneration, social security and pensions | 62 | - | €867 | +€867 | |
| Other operating charges | 640/8 | €5,758 | €13,077 | +€7,319 | +127% |
| Gross operating margin | 9900 | €10,558 | -€470,829 | -€481,386 | |
| Operating profit (loss) | 9901 | €4,800 | -€484,773 | -€489,572 | |
| Financial income | 75/76B | €4,617 | €2,863 | -€1,754 | -38.0% |
| Recurring financial income | 75 | €4,617 | €2,863 | -€1,754 | -38.0% |
| Financial charges | 65/66B | €271 | - | -€271 | |
| Recurring financial charges | 65 | €271 | - | -€271 | |
| Profit (loss) for the period before taxes | 9903 | €9,147 | -€481,909 | -€491,056 | |
| Income taxes | 67/77 | €8,181 | €10,726 | +€2,545 | +31.1% |
| Profit (loss) for the period | 9904 | €966 | -€492,635 | -€493,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €966 | -€492,635 | -€493,601 |
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 17 October 2026 via checked.be.