S & G Group: 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 Group
Largest movements
- Tangible fixed assets -€19,241
down €19,241 (-2.6%), from €744,785 to €725,544
- Debts after one year -€49,705
down €49,705 (-9.3%), from €535,000 to €485,295
- Current portion of long-term debt +€27,557
new in 2025: €27,557
- Other debts -€26,443
down €26,443 (-27.9%), from €94,723 to €68,280
- Profit (loss) carried forward +€19,827
up €19,827, from -€19,020 to €808
- Gross operating margin +€58,361
up €58,361 (+2,641%), from €2,210 to €60,571
- Financial charges +€13,767
up €13,767 (+178%), from €7,736 to €21,502
- Depreciation +€11,408
up €11,408 (+146%), from €7,833 to €19,241
- Other operating charges -€8,095
no longer reported in 2025 (was €8,095)
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 | €762,972 | €733,309 | -€29,663 | -3.9% |
| Fixed assets | 21/28 | €744,785 | €725,544 | -€19,241 | -2.6% |
| Tangible fixed assets | 22/27 | €744,785 | €725,544 | -€19,241 | -2.6% |
| Land and buildings | 22 | €744,785 | €725,544 | -€19,241 | -2.6% |
| Current assets | 29/58 | €18,187 | €7,765 | -€10,422 | -57.3% |
| Amounts receivable within one year | 40/41 | €13,220 | €7,765 | -€5,455 | -41.3% |
| Other amounts receivable | 41 | €13,220 | €7,765 | -€5,455 | -41.3% |
| Cash at bank and in hand | 54/58 | €4,967 | - | -€4,967 | |
| Total equity and liabilities | 10/49 | €762,972 | €733,309 | -€29,663 | -3.9% |
| Equity | 10/15 | €131,090 | €150,918 | +€19,827 | +15.1% |
| Contributions | 10/11 | €150,100 | €150,100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,020 | €808 | +€19,827 | |
| Amounts payable | 17/49 | €631,882 | €582,392 | -€49,490 | -7.8% |
| Amounts payable after more than one year | 17 | €535,000 | €485,295 | -€49,705 | -9.3% |
| Financial debts | 170/4 | €535,000 | €485,295 | -€49,705 | -9.3% |
| Amounts payable within one year | 42/48 | €96,882 | €97,097 | +€215 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | - | €27,557 | +€27,557 | |
| Financial debts | 43 | - | €15 | +€15 | |
| Credit institutions | 430/8 | - | €15 | +€15 | |
| Trade debts | 44 | €2,159 | €1,245 | -€913 | -42.3% |
| Suppliers | 440/4 | €2,159 | €1,245 | -€913 | -42.3% |
| Other amounts payable | 47/48 | €94,723 | €68,280 | -€26,443 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,833 | €19,241 | +€11,408 | +146% |
| Other operating charges | 640/8 | €8,095 | - | -€8,095 | |
| Gross operating margin | 9900 | €2,210 | €60,571 | +€58,361 | +2,641% |
| Operating profit (loss) | 9901 | -€13,719 | €41,330 | +€55,049 | |
| Financial charges | 65/66B | €7,736 | €21,502 | +€13,767 | +178% |
| Recurring financial charges | 65 | €7,736 | €21,502 | +€13,767 | +178% |
| Profit (loss) for the period before taxes | 9903 | -€21,454 | €19,827 | +€41,282 | |
| Profit (loss) for the period | 9904 | -€21,454 | €19,827 | +€41,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,454 | €19,827 | +€41,282 |
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 14 October 2026 via checked.be.