S&G SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€295,091
up €295,091 (+149.9%), from €196,860 to €491,951
of which Other tangible fixed assets: +€294,238
- Cash +€172,972
up €172,972 (+106.8%), from €161,919 to €334,891
mainly Debts after one year (+€290,482) and Net result for the year (+€86,150)
- Debts after one year +€290,482
up €290,482 (+311.2%), from €93,345 to €383,827
of which Other amounts payable: +€322,841
- Reserves +€86,150
up €86,150 (+41.4%), from €207,846 to €293,996
- Other debts +€80,495
up €80,495 (+121.6%), from €66,202 to €146,697
- Tax, wage and social debts +€21,221
up €21,221 (+146.1%), from €14,524 to €35,745
- Taxes +€19,270
up €19,270 (+212.8%), from €9,054 to €28,324
- Depreciation -€14,816
down €14,816 (-34.0%), from €43,636 to €28,820
- Gross operating margin +€13,551
up €13,551 (+10.2%), from €133,068 to €146,619
- Financial income +€4,758
up €4,758 (+250.7%), from €1,898 to €6,656
- Financial charges -€2,603
down €2,603 (-31.2%), from €8,351 to €5,748
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 | €446,232 | €915,120 | +€468,888 | +105.1% |
| Fixed assets | 21/28 | €196,860 | €491,951 | +€295,091 | +149.9% |
| Tangible fixed assets | 22/27 | €196,860 | €491,951 | +€295,091 | +149.9% |
| Furniture and vehicles | 24 | - | €853 | +€853 | |
| Other tangible fixed assets | 26 | €196,860 | €491,098 | +€294,238 | +149.5% |
| Current assets | 29/58 | €249,372 | €423,169 | +€173,797 | +69.7% |
| Current investments | 50/53 | €87,453 | €88,278 | +€825 | +0.9% |
| Cash at bank and in hand | 54/58 | €161,919 | €334,891 | +€172,972 | +106.8% |
| Total equity and liabilities | 10/49 | €446,232 | €915,120 | +€468,888 | +105.1% |
| Equity | 10/15 | €226,446 | €312,596 | +€86,150 | +38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,846 | €293,996 | +€86,150 | +41.4% |
| Distributable reserves | 133 | €207,846 | €293,996 | +€86,150 | +41.4% |
| Amounts payable | 17/49 | €219,786 | €602,524 | +€382,738 | +174.1% |
| Amounts payable after more than one year | 17 | €93,345 | €383,827 | +€290,482 | +311.2% |
| Financial debts | 170/4 | €93,345 | €60,986 | -€32,359 | -34.7% |
| Other amounts payable | 178/9 | - | €322,841 | +€322,841 | |
| Amounts payable within one year | 42/48 | €126,441 | €218,637 | +€92,196 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | €38,123 | €32,360 | -€5,763 | -15.1% |
| Trade debts | 44 | €7,592 | €3,835 | -€3,757 | -49.5% |
| Suppliers | 440/4 | €7,592 | €3,835 | -€3,757 | -49.5% |
| Taxes, remuneration and social security | 45 | €14,524 | €35,745 | +€21,221 | +146.1% |
| Taxes | 450/3 | €14,524 | €35,745 | +€21,221 | +146.1% |
| Other amounts payable | 47/48 | €66,202 | €146,697 | +€80,495 | +121.6% |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,636 | €28,820 | -€14,816 | -34.0% |
| Other operating charges | 640/8 | €5,124 | €4,233 | -€891 | -17.4% |
| Gross operating margin | 9900 | €133,068 | €146,619 | +€13,551 | +10.2% |
| Operating profit (loss) | 9901 | €84,308 | €113,566 | +€29,258 | +34.7% |
| Financial income | 75/76B | €1,898 | €6,656 | +€4,758 | +250.7% |
| Recurring financial income | 75 | €1,898 | €6,656 | +€4,758 | +250.7% |
| Financial charges | 65/66B | €8,351 | €5,748 | -€2,603 | -31.2% |
| Recurring financial charges | 65 | €8,351 | €5,748 | -€2,603 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €77,855 | €114,474 | +€36,619 | +47.0% |
| Income taxes | 67/77 | €9,054 | €28,324 | +€19,270 | +212.8% |
| Profit (loss) for the period | 9904 | €68,801 | €86,150 | +€17,349 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,801 | €86,150 | +€17,349 | +25.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.