S.G.C.: 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.C.
Largest movements
- Cash -€28,046
down €28,046 (-27.9%), from €100,595 to €72,550
mainly Contributions, distributions and other (-€41,317) and Receivables within one year (-€24,815)
- Receivables within one year +€24,815
up €24,815 (+17.2%), from €144,465 to €169,280
of which Other amounts receivable: +€24,946
- Tangible fixed assets -€10,792
down €10,792 (-44.8%), from €24,088 to €13,296
of which Furniture and vehicles: -€6,118
- Deferred charges and accrued income -€9,393
down €9,393 (-100%), from €9,393 to €0
- Contributions -€20,000
down €20,000 (-100%), from €20,000 to €0
- Reserves +€16,383
up €16,383 (+9.0%), from €181,942 to €198,326
of which Distributable reserves: +€18,383
- Trade debts -€9,488
down €9,488 (-64.0%), from €14,823 to €5,335
- Tax, wage and social debts -€6,539
down €6,539 (-20.0%), from €32,682 to €26,144
- Current portion of long-term debt -€6,399
down €6,399 (-85.7%), from €7,469 to €1,070
- Gross operating margin +€9,484
up €9,484 (+18.5%), from €51,234 to €60,718
- Taxes +€6,398
up €6,398 (+49.8%), from €12,836 to €19,234
- Depreciation -€5,660
down €5,660 (-35.3%), from €16,018 to €10,358
- Financial income +€5,328
up €5,328 (+79.4%), from €6,709 to €12,037
- Financial charges +€798
up €798 (+62.5%), from €1,278 to €2,077
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,540 | €255,125 | -€23,415 | -8.4% |
| Fixed assets | 21/28 | €24,088 | €13,296 | -€10,792 | -44.8% |
| Tangible fixed assets | 22/27 | €24,088 | €13,296 | -€10,792 | -44.8% |
| Land and buildings | 22 | €434 | €0 | -€434 | -100% |
| Plant, machinery and equipment | 23 | €14,417 | €10,177 | -€4,240 | -29.4% |
| Furniture and vehicles | 24 | €9,237 | €3,119 | -€6,118 | -66.2% |
| Current assets | 29/58 | €254,453 | €241,829 | -€12,623 | -5.0% |
| Amounts receivable within one year | 40/41 | €144,465 | €169,280 | +€24,815 | +17.2% |
| Trade receivables | 40 | €331 | €200 | -€131 | -39.6% |
| Other amounts receivable | 41 | €144,134 | €169,080 | +€24,946 | +17.3% |
| Cash at bank and in hand | 54/58 | €100,595 | €72,550 | -€28,046 | -27.9% |
| Deferred charges and accrued income | 490/1 | €9,393 | €0 | -€9,393 | -100% |
| Total equity and liabilities | 10/49 | €278,540 | €255,125 | -€23,415 | -8.4% |
| Equity | 10/15 | €201,942 | €198,326 | -€3,617 | -1.8% |
| Contributions | 10/11 | €20,000 | €0 | -€20,000 | -100% |
| Reserves | 13 | €181,942 | €198,326 | +€16,383 | +9.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €179,942 | €198,326 | +€18,383 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,598 | €56,800 | -€19,798 | -25.8% |
| Amounts payable after more than one year | 17 | €1,070 | €0 | -€1,070 | -100% |
| Financial debts | 170/4 | €1,070 | €0 | -€1,070 | -100% |
| Amounts payable within one year | 42/48 | €75,528 | €52,850 | -€22,679 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €7,469 | €1,070 | -€6,399 | -85.7% |
| Trade debts | 44 | €14,823 | €5,335 | -€9,488 | -64.0% |
| Suppliers | 440/4 | €14,823 | €5,335 | -€9,488 | -64.0% |
| Taxes, remuneration and social security | 45 | €32,682 | €26,144 | -€6,539 | -20.0% |
| Taxes | 450/3 | €32,682 | €26,144 | -€6,539 | -20.0% |
| Other amounts payable | 47/48 | €20,554 | €20,301 | -€253 | -1.2% |
| Accrued charges and deferred income | 492/3 | €0 | €3,950 | +€3,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,018 | €10,358 | -€5,660 | -35.3% |
| Other operating charges | 640/8 | €2,746 | €3,387 | +€640 | +23.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €51,234 | €60,718 | +€9,484 | +18.5% |
| Operating profit (loss) | 9901 | €32,469 | €46,973 | +€14,503 | +44.7% |
| Financial income | 75/76B | €6,709 | €12,037 | +€5,328 | +79.4% |
| Recurring financial income | 75 | €6,709 | €12,037 | +€5,328 | +79.4% |
| Financial charges | 65/66B | €1,278 | €2,077 | +€798 | +62.5% |
| Recurring financial charges | 65 | €1,278 | €2,077 | +€798 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €37,900 | €56,933 | +€19,033 | +50.2% |
| Income taxes | 67/77 | €12,836 | €19,234 | +€6,398 | +49.8% |
| Profit (loss) for the period | 9904 | €25,065 | €37,700 | +€12,635 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,065 | €37,700 | +€12,635 | +50.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.