SDC: 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.
SDC
Largest movements
- Cash -€96
no longer reported in 2026 (was €96)
mainly Net result for the year (-€565)
- Profit (loss) carried forward -€565
down €565 (-2.8%), from -€20,319 to -€20,884
- Short-term financial debts +€269
new in 2026: €269
- Other debts +€200
up €200 (+23.9%), from €835 to €1,035
- Gross operating margin +€64
up €64 (+14.3%), from -€445 to -€381
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96 | - | -€96 | |
| Current assets | 29/58 | €96 | - | -€96 | |
| Cash at bank and in hand | 54/58 | €96 | - | -€96 | |
| Total equity and liabilities | 10/49 | €96 | - | -€96 | |
| Equity | 10/15 | -€739 | -€1,305 | -€565 | -76.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €979 | €979 | = | 0.0% |
| Non-distributable reserves | 130/1 | €979 | €979 | = | 0.0% |
| Reserves not available under the articles | 1311 | €979 | €979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,319 | -€20,884 | -€565 | -2.8% |
| Amounts payable | 17/49 | €835 | €1,305 | +€469 | +56.2% |
| Amounts payable within one year | 42/48 | €835 | €1,305 | +€469 | +56.2% |
| Financial debts | 43 | - | €269 | +€269 | |
| Credit institutions | 430/8 | - | €269 | +€269 | |
| Other amounts payable | 47/48 | €835 | €1,035 | +€200 | +23.9% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | -€445 | -€381 | +€64 | +14.3% |
| Operating profit (loss) | 9901 | -€585 | -€525 | +€60 | +10.3% |
| Financial charges | 65/66B | €36 | €40 | +€4 | +11.1% |
| Recurring financial charges | 65 | €36 | €40 | +€4 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€621 | -€565 | +€56 | +9.0% |
| Profit (loss) for the period | 9904 | -€621 | -€565 | +€56 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€621 | -€565 | +€56 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.