S & G CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€27,615
down €27,615 (-91.7%), from €30,123 to €2,508
of which Trade receivables: -€24,100
- Tangible fixed assets -€14,674
down €14,674 (-43.7%), from €33,599 to €18,925
of which Furniture and vehicles: -€7,492
- Cash -€5,390
down €5,390 (-63.0%), from €8,554 to €3,164
mainly Other debts (-€37,344) and Trade debts (-€8,255)
- Stocks and contracts -€2,332
no longer reported in 2025 (was €2,332)
- Other debts -€37,344
down €37,344 (-91.4%), from €40,844 to €3,500
- Trade debts -€8,255
down €8,255 (-68.2%), from €12,102 to €3,847
- Profit (loss) carried forward -€2,562
new in 2025: -€2,562
- Current portion of long-term debt -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€30,528
down €30,528 (-71.6%), from €42,660 to €12,131
- Financial income +€2,423
up €2,423 (+492%), from €493 to €2,916
of which Non-recurring financial income: +€2,000
- Depreciation +€2,262
up €2,262 (+18.2%), from €12,412 to €14,674
- Taxes -€1,890
down €1,890 (-86.1%), from €2,194 to €304
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 | €77,295 | €27,438 | -€49,857 | -64.5% |
| Fixed assets | 21/28 | €33,599 | €18,925 | -€14,674 | -43.7% |
| Tangible fixed assets | 22/27 | €33,599 | €18,925 | -€14,674 | -43.7% |
| Furniture and vehicles | 24 | €10,741 | €3,249 | -€7,492 | -69.8% |
| Other tangible fixed assets | 26 | €22,858 | €15,676 | -€7,182 | -31.4% |
| Current assets | 29/58 | €43,696 | €8,513 | -€35,183 | -80.5% |
| Stocks and contracts in progress | 3 | €2,332 | - | -€2,332 | |
| Stocks | 30/36 | €2,332 | - | -€2,332 | |
| Amounts receivable within one year | 40/41 | €30,123 | €2,508 | -€27,615 | -91.7% |
| Trade receivables | 40 | €24,100 | - | -€24,100 | |
| Other amounts receivable | 41 | €6,023 | €2,508 | -€3,515 | -58.4% |
| Current investments | 50/53 | €1,008 | €1,003 | -€5 | -0.5% |
| Cash at bank and in hand | 54/58 | €8,554 | €3,164 | -€5,390 | -63.0% |
| Deferred charges and accrued income | 490/1 | €1,677 | €1,837 | +€160 | +9.5% |
| Total equity and liabilities | 10/49 | €77,295 | €27,438 | -€49,857 | -64.5% |
| Equity | 10/15 | €20,160 | €17,598 | -€2,562 | -12.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €160 | €160 | = | 0.0% |
| Tax-exempt reserves | 132 | €160 | €160 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,562 | -€2,562 | |
| Amounts payable | 17/49 | €57,135 | €9,840 | -€47,296 | -82.8% |
| Amounts payable within one year | 42/48 | €57,135 | €9,840 | -€47,296 | -82.8% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €12,102 | €3,847 | -€8,255 | -68.2% |
| Suppliers | 440/4 | €12,102 | €3,847 | -€8,255 | -68.2% |
| Taxes, remuneration and social security | 45 | €2,190 | €2,493 | +€303 | +13.8% |
| Taxes | 450/3 | €2,190 | €2,493 | +€303 | +13.8% |
| Other amounts payable | 47/48 | €40,844 | €3,500 | -€37,344 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,412 | €14,674 | +€2,262 | +18.2% |
| Other operating charges | 640/8 | €1,839 | €2,019 | +€180 | +9.8% |
| Gross operating margin | 9900 | €42,660 | €12,131 | -€30,528 | -71.6% |
| Operating profit (loss) | 9901 | €28,409 | -€4,562 | -€32,971 | |
| Financial income | 75/76B | €493 | €2,916 | +€2,423 | +492% |
| Recurring financial income | 75 | €493 | €916 | +€423 | +85.9% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €364 | €612 | +€248 | +68.0% |
| Recurring financial charges | 65 | €364 | €612 | +€248 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €28,538 | -€2,257 | -€30,795 | |
| Income taxes | 67/77 | €2,194 | €304 | -€1,890 | -86.1% |
| Profit (loss) for the period | 9904 | €26,344 | -€2,562 | -€28,905 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,344 | -€2,562 | -€28,905 |
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 25 October 2026 via checked.be.