S.G. BATIMENT: 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.
S.G. BATIMENT
Largest movements
- Receivables within one year +€127,957
up €127,957 (+56.8%), from €225,347 to €353,304
of which Trade receivables: +€118,128
- Cash -€24,929
down €24,929 (-12.2%), from €204,797 to €179,868
mainly Receivables within one year (-€127,957) and Advances received (-€9,705)
- Profit (loss) carried forward +€61,465
up €61,465 (+20.0%), from €307,562 to €369,027
- Trade debts +€55,394
up €55,394 (+162%), from €34,206 to €89,600
- Advances received -€9,705
down €9,705 (-16.6%), from €58,493 to €48,787
- Gross operating margin -€81,187
down €81,187 (-48.5%), from €167,526 to €86,339
- Staff costs -€47,965
down €47,965 (-79.1%), from €60,658 to €12,692
- Taxes -€9,161
down €9,161 (-35.2%), from €26,006 to €16,845
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 | €433,974 | €543,875 | +€109,901 | +25.3% |
| Fixed assets | 21/28 | €3,446 | €8,919 | +€5,473 | +159% |
| Tangible fixed assets | 22/27 | €1,586 | €3,909 | +€2,323 | +147% |
| Plant, machinery and equipment | 23 | - | €611 | +€611 | |
| Furniture and vehicles | 24 | €1,586 | €3,298 | +€1,712 | +108% |
| Financial fixed assets | 28 | €1,860 | €5,010 | +€3,150 | +169% |
| Current assets | 29/58 | €430,528 | €534,956 | +€104,428 | +24.3% |
| Amounts receivable within one year | 40/41 | €225,347 | €353,304 | +€127,957 | +56.8% |
| Trade receivables | 40 | €64,759 | €182,887 | +€118,128 | +182% |
| Other amounts receivable | 41 | €160,588 | €170,417 | +€9,829 | +6.1% |
| Cash at bank and in hand | 54/58 | €204,797 | €179,868 | -€24,929 | -12.2% |
| Deferred charges and accrued income | 490/1 | €384 | €1,784 | +€1,400 | +364% |
| Total equity and liabilities | 10/49 | €433,974 | €543,875 | +€109,901 | +25.3% |
| Equity | 10/15 | €315,622 | €377,087 | +€61,465 | +19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €307,562 | €369,027 | +€61,465 | +20.0% |
| Amounts payable | 17/49 | €118,352 | €166,787 | +€48,435 | +40.9% |
| Amounts payable within one year | 42/48 | €118,352 | €166,787 | +€48,435 | +40.9% |
| Trade debts | 44 | €34,206 | €89,600 | +€55,394 | +162% |
| Suppliers | 440/4 | €34,206 | €89,600 | +€55,394 | +162% |
| Advances received on contracts in progress | 46 | €58,493 | €48,787 | -€9,705 | -16.6% |
| Taxes, remuneration and social security | 45 | €25,587 | €26,671 | +€1,084 | +4.2% |
| Taxes | 450/3 | €21,006 | €26,630 | +€5,624 | +26.8% |
| Remuneration and social security | 454/9 | €4,581 | €41 | -€4,540 | -99.1% |
| Other amounts payable | 47/48 | €67 | €1,729 | +€1,662 | +2,496% |
| Remuneration, social security and pensions | 62 | €60,658 | €12,692 | -€47,965 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €2,195 | +€609 | +38.4% |
| Other operating charges | 640/8 | €1,180 | €1,312 | +€132 | +11.2% |
| Gross operating margin | 9900 | €167,526 | €86,339 | -€81,187 | -48.5% |
| Operating profit (loss) | 9901 | €104,104 | €70,141 | -€33,963 | -32.6% |
| Financial income | 75/76B | €9,666 | €9,688 | +€22 | +0.2% |
| Recurring financial income | 75 | €9,666 | €9,688 | +€22 | +0.2% |
| Financial charges | 65/66B | €2,577 | €1,518 | -€1,059 | -41.1% |
| Recurring financial charges | 65 | €2,577 | €1,518 | -€1,059 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €111,193 | €78,311 | -€32,882 | -29.6% |
| Income taxes | 67/77 | €26,006 | €16,845 | -€9,161 | -35.2% |
| Profit (loss) for the period | 9904 | €85,187 | €61,465 | -€23,722 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,187 | €61,465 | -€23,722 | -27.8% |
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 29 October 2026 via checked.be.