S & G Construct: what changed
Two fiscal 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 Construct
Largest movements
- Receivables within one year +€11,650
up €11,650 (+18.8%), from €61,919 to €73,569
of which Other amounts receivable: +€6,703
- Cash +€8,407
up €8,407 (+150.6%), from €5,581 to €13,988
mainly Contributions, distributions and other (+€49,921) and Net result for the year (+€19,475)
- Tangible fixed assets -€2,447
no longer reported in 2025 (was €2,447)
- Profit (loss) carried forward +€69,395
up €69,395, from -€39,268 to €30,127
- Other debts -€31,881
down €31,881 (-85.4%), from €37,335 to €5,455
- Trade debts -€19,826
down €19,826 (-37.0%), from €53,594 to €33,768
- Gross operating margin +€18,267
up €18,267 (+370.8%), from €4,927 to €23,194
- Depreciation -€7,101
no longer reported in 2025 (was €7,101)
- Staff costs +€1,677
new in 2025: €1,677
- Other operating charges +€1,408
up €1,408 (+328.8%), from €428 to €1,837
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.
Cash bridge derived
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 | €71,118 | €88,727 | +€17,609 | +24.8% |
| Fixed assets | 21/28 | €3,617 | €1,170 | -€2,447 | -67.7% |
| Tangible fixed assets | 22/27 | €2,447 | - | -€2,447 | |
| Furniture and vehicles | 24 | €2,447 | - | -€2,447 | |
| Financial fixed assets | 28 | €1,170 | €1,170 | = | 0.0% |
| Current assets | 29/58 | €67,501 | €87,557 | +€20,057 | +29.7% |
| Amounts receivable within one year | 40/41 | €61,919 | €73,569 | +€11,650 | +18.8% |
| Trade receivables | 40 | €54,708 | €59,656 | +€4,947 | +9.0% |
| Other amounts receivable | 41 | €7,211 | €13,913 | +€6,703 | +93.0% |
| Cash at bank and in hand | 54/58 | €5,581 | €13,988 | +€8,407 | +150.6% |
| Total equity and liabilities | 10/49 | €71,118 | €88,727 | +€17,609 | +24.8% |
| Equity | 10/15 | -€19,890 | €49,505 | +€69,395 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €778 | €778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €778 | €778 | = | 0.0% |
| Other | 1319 | €778 | €778 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,268 | €30,127 | +€69,395 | |
| Amounts payable | 17/49 | €91,008 | €39,222 | -€51,786 | -56.9% |
| Amounts payable within one year | 42/48 | €91,008 | €39,222 | -€51,786 | -56.9% |
| Trade debts | 44 | €53,594 | €33,768 | -€19,826 | -37.0% |
| Suppliers | 440/4 | €53,594 | €33,768 | -€19,826 | -37.0% |
| Taxes, remuneration and social security | 45 | €79 | - | -€79 | |
| Taxes | 450/3 | €79 | - | -€79 | |
| Other amounts payable | 47/48 | €37,335 | €5,455 | -€31,881 | -85.4% |
| Remuneration, social security and pensions | 62 | - | €1,677 | +€1,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,101 | - | -€7,101 | |
| Other operating charges | 640/8 | €428 | €1,837 | +€1,408 | +328.8% |
| Gross operating margin | 9900 | €4,927 | €23,194 | +€18,267 | +370.8% |
| Operating profit (loss) | 9901 | -€2,603 | €19,680 | +€22,283 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €206 | +€206 | |
| Recurring financial charges | 65 | - | €206 | +€206 | |
| Profit (loss) for the period before taxes | 9903 | -€2,603 | €19,475 | +€22,077 | |
| Profit (loss) for the period | 9904 | -€2,603 | €19,475 | +€22,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,603 | €19,475 | +€22,077 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.