SUSTAINABLE DEVELOPMENT GROUP: 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.
SUSTAINABLE DEVELOPMENT GROUP
Largest movements
- Receivables within one year +€533,576
up €533,576 (+33.5%), from €1.6m to €2.1m
of which Other amounts receivable: +€484,870
- Cash -€121,578
down €121,578 (-91.1%), from €133,467 to €11,890
mainly Receivables within one year (-€533,576) and Net result for the year (-€249,891)
- Other debts +€675,000
up €675,000 (+31.4%), from €2.2m to €2.8m
- Profit (loss) carried forward -€249,891
down €249,891 (-253%), from -€98,894 to -€348,785
- Services and other goods -€526,826
no longer reported in 2025 (was €526,826)
- Turnover -€484,200
no longer reported in 2025 (was €484,200)
- Gross operating margin -€36,453
new in 2025: -€36,453
- Financial income +€11,138
up €11,138 (+41.9%), from €26,594 to €37,732
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 | €10,600,777 | €11,012,775 | +€411,998 | +3.9% |
| Fixed assets | 21/28 | €8,872,804 | €8,872,804 | = | 0.0% |
| Financial fixed assets | 28 | €8,872,804 | €8,872,804 | = | 0.0% |
| Affiliated companies | 280/1 | €8,872,804 | - | -€8.9m | |
| Participating interests | 280 | €8,872,804 | - | -€8.9m | |
| Current assets | 29/58 | €1,727,973 | €2,139,972 | +€411,998 | +23.8% |
| Amounts receivable within one year | 40/41 | €1,594,506 | €2,128,082 | +€533,576 | +33.5% |
| Trade receivables | 40 | €223,484 | €272,190 | +€48,706 | +21.8% |
| Other amounts receivable | 41 | €1,371,022 | €1,855,892 | +€484,870 | +35.4% |
| Cash at bank and in hand | 54/58 | €133,467 | €11,890 | -€121,578 | -91.1% |
| Total equity and liabilities | 10/49 | €10,600,777 | €11,012,775 | +€411,998 | +3.9% |
| Equity | 10/15 | €5,401,106 | €5,151,215 | -€249,891 | -4.6% |
| Contributions | 10/11 | €5,500,000 | €5,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,894 | -€348,785 | -€249,891 | -253% |
| Amounts payable | 17/49 | €5,199,671 | €5,861,560 | +€661,889 | +12.7% |
| Amounts payable after more than one year | 17 | €3,036,000 | €3,036,000 | = | 0.0% |
| Financial debts | 170/4 | €3,036,000 | €3,036,000 | = | 0.0% |
| Subordinated loans | 170 | €3,036,000 | - | -€3.0m | |
| Amounts payable within one year | 42/48 | €2,163,671 | €2,825,560 | +€661,889 | +30.6% |
| Trade debts | 44 | €13,671 | €560 | -€13,111 | -95.9% |
| Suppliers | 440/4 | €13,671 | €560 | -€13,111 | -95.9% |
| Other amounts payable | 47/48 | €2,150,000 | €2,825,000 | +€675,000 | +31.4% |
| Operating income | 70/76A | €484,200 | - | -€484,200 | |
| Turnover | 70 | €484,200 | - | -€484,200 | |
| Operating charges | 60/66A | €527,252 | - | -€527,252 | |
| Services and other goods | 61 | €526,826 | - | -€526,826 | |
| Other operating charges | 640/8 | €426 | €1,126 | +€700 | +164% |
| Non-recurring operating charges | 66A | - | €250,000 | +€250,000 | |
| Gross operating margin | 9900 | - | -€36,453 | -€36,453 | |
| Operating profit (loss) | 9901 | -€43,052 | -€287,580 | -€244,528 | -568% |
| Financial income | 75/76B | €26,594 | €37,732 | +€11,138 | +41.9% |
| Recurring financial income | 75 | €26,594 | €37,732 | +€11,138 | +41.9% |
| Income from current assets | 751 | €26,490 | - | -€26,490 | |
| Other financial income | 752/9 | €104 | - | -€104 | |
| Financial charges | 65/66B | €535 | €43 | -€492 | -91.9% |
| Recurring financial charges | 65 | €535 | €43 | -€492 | -91.9% |
| Debt charges | 650 | €492 | - | -€492 | |
| Other financial charges | 652/9 | €44 | - | -€44 | |
| Profit (loss) for the period before taxes | 9903 | -€16,993 | -€249,891 | -€232,898 | -1,371% |
| Profit (loss) for the period | 9904 | -€16,993 | -€249,891 | -€232,898 | -1,371% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,993 | -€249,891 | -€232,898 | -1,371% |
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 24 October 2026 via checked.be.