SDL Global: what changed
SDL Global
Largest movements
- Cash -€876
down €876 (-17.6%), from €4,978 to €4,102
mainly Net result for the year (-€5,044) and Accrued charges and deferred income (-€354)
- Formation expenses -€671
down €671 (-36.8%), from €1,825 to €1,154
- Stocks and contracts -€559
down €559 (-18.6%), from €2,999 to €2,441
- Receivables within one year +€187
up €187 (+42.4%), from €440 to €627
of which Trade receivables: +€470
- Profit (loss) carried forward -€5,044
down €5,044 (-243%), from -€2,072 to -€7,116
- Other debts +€3,008
up €3,008 (+35.4%), from €8,500 to €11,508
- Accrued charges and deferred income -€354
down €354 (-46.7%), from €758 to €404
- Trade debts +€269
up €269 (+545%), from €49 to €319
- Current portion of long-term debt +€209
new in 2025: €209
- Gross operating margin -€2,668
down €2,668 (-169%), from -€1,579 to -€4,247
- Depreciation +€483
up €483 (+256%), from €189 to €671
- Financial charges -€251
down €251 (-82.6%), from €304 to €53
- Other operating charges +€75
new in 2025: €75
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 | €10,243 | €8,324 | -€1,919 | -18.7% |
| Formation expenses | 20 | €1,825 | €1,154 | -€671 | -36.8% |
| Current assets | 29/58 | €8,418 | €7,170 | -€1,248 | -14.8% |
| Stocks and contracts in progress | 3 | €2,999 | €2,441 | -€559 | -18.6% |
| Stocks | 30/36 | €2,999 | €2,441 | -€559 | -18.6% |
| Amounts receivable within one year | 40/41 | €440 | €627 | +€187 | +42.4% |
| Trade receivables | 40 | - | €470 | +€470 | |
| Other amounts receivable | 41 | €440 | €158 | -€283 | -64.2% |
| Cash at bank and in hand | 54/58 | €4,978 | €4,102 | -€876 | -17.6% |
| Total equity and liabilities | 10/49 | €10,243 | €8,324 | -€1,919 | -18.7% |
| Equity | 10/15 | €928 | -€4,116 | -€5,044 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,072 | -€7,116 | -€5,044 | -243% |
| Amounts payable | 17/49 | €9,314 | €12,439 | +€3,125 | +33.6% |
| Amounts payable within one year | 42/48 | €8,556 | €12,036 | +€3,479 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | - | €209 | +€209 | |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Trade debts | 44 | €49 | €319 | +€269 | +545% |
| Suppliers | 440/4 | €49 | €319 | +€269 | +545% |
| Other amounts payable | 47/48 | €8,500 | €11,508 | +€3,008 | +35.4% |
| Accrued charges and deferred income | 492/3 | €758 | €404 | -€354 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | €671 | +€483 | +256% |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | -€1,579 | -€4,247 | -€2,668 | -169% |
| Operating profit (loss) | 9901 | -€1,768 | -€4,992 | -€3,225 | -182% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €304 | €53 | -€251 | -82.6% |
| Recurring financial charges | 65 | €304 | €53 | -€251 | -82.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,072 | -€5,044 | -€2,972 | -143% |
| Profit (loss) for the period | 9904 | -€2,072 | -€5,044 | -€2,972 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,072 | -€5,044 | -€2,972 | -143% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.