SANGOUARD CONSULTING: what changed
SANGOUARD CONSULTING
Largest movements
- Cash +€96,190
up €96,190 (+129%), from €74,524 to €170,713
mainly Net result for the year (+€107,711) and Receivables within one year (+€10,642)
- Receivables within one year -€10,642
down €10,642 (-34.4%), from €30,961 to €20,319
of which Trade receivables: -€27,446
- Tangible fixed assets -€6,954
down €6,954 (-9.2%), from €75,325 to €68,371
of which Other tangible fixed assets: -€7,945
- Reserves +€98,922
up €98,922 (+127%), from €77,816 to €176,738
- Accrued charges and deferred income -€16,048
down €16,048 (-95.2%), from €16,856 to €807
- Trade debts -€15,303
down €15,303 (-78.4%), from €19,526 to €4,223
- Profit (loss) carried forward +€8,789
no longer reported in 2025 (was -€8,789)
- Tax, wage and social debts +€6,335
up €6,335 (+172%), from €3,683 to €10,017
- Gross operating margin +€160,928
up €160,928, from -€636 to €160,292
- Taxes +€39,812
up €39,812, from -€160 to €39,652
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,610 | €269,459 | +€76,849 | +39.9% |
| Fixed assets | 21/28 | €75,440 | €68,486 | -€6,954 | -9.2% |
| Tangible fixed assets | 22/27 | €75,325 | €68,371 | -€6,954 | -9.2% |
| Furniture and vehicles | 24 | €2,420 | €3,411 | +€990 | +40.9% |
| Other tangible fixed assets | 26 | €72,905 | €64,960 | -€7,945 | -10.9% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €117,170 | €200,974 | +€83,804 | +71.5% |
| Amounts receivable within one year | 40/41 | €30,961 | €20,319 | -€10,642 | -34.4% |
| Trade receivables | 40 | €27,446 | - | -€27,446 | |
| Other amounts receivable | 41 | €3,515 | €20,319 | +€16,804 | +478% |
| Cash at bank and in hand | 54/58 | €74,524 | €170,713 | +€96,190 | +129% |
| Deferred charges and accrued income | 490/1 | €11,685 | €9,941 | -€1,745 | -14.9% |
| Total equity and liabilities | 10/49 | €192,610 | €269,459 | +€76,849 | +39.9% |
| Equity | 10/15 | €91,027 | €198,738 | +€107,711 | +118% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €77,816 | €176,738 | +€98,922 | +127% |
| Distributable reserves | 133 | €77,816 | €176,738 | +€98,922 | +127% |
| Profit (loss) carried forward | 14 | -€8,789 | - | +€8,789 | |
| Amounts payable | 17/49 | €101,583 | €70,721 | -€30,862 | -30.4% |
| Amounts payable after more than one year | 17 | €44,610 | €40,099 | -€4,511 | -10.1% |
| Financial debts | 170/4 | €44,610 | €40,099 | -€4,511 | -10.1% |
| Amounts payable within one year | 42/48 | €40,117 | €29,814 | -€10,303 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €4,299 | €4,511 | +€212 | +4.9% |
| Trade debts | 44 | €19,526 | €4,223 | -€15,303 | -78.4% |
| Suppliers | 440/4 | €19,526 | €4,223 | -€15,303 | -78.4% |
| Taxes, remuneration and social security | 45 | €3,683 | €10,017 | +€6,335 | +172% |
| Taxes | 450/3 | €3,683 | €10,017 | +€6,335 | +172% |
| Other amounts payable | 47/48 | €12,610 | €11,063 | -€1,546 | -12.3% |
| Accrued charges and deferred income | 492/3 | €16,856 | €807 | -€16,048 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,285 | €9,432 | +€1,147 | +13.8% |
| Other operating charges | 640/8 | €483 | €499 | +€16 | +3.3% |
| Gross operating margin | 9900 | -€636 | €160,292 | +€160,928 | |
| Operating profit (loss) | 9901 | -€9,404 | €150,361 | +€159,765 | |
| Financial income | 75/76B | €365 | €95 | -€270 | -73.9% |
| Recurring financial income | 75 | €365 | €95 | -€270 | -73.9% |
| Financial charges | 65/66B | €3,320 | €3,093 | -€227 | -6.8% |
| Recurring financial charges | 65 | €3,320 | €3,093 | -€227 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,359 | €147,363 | +€159,722 | |
| Income taxes | 67/77 | -€160 | €39,652 | +€39,812 | |
| Profit (loss) for the period | 9904 | -€12,199 | €107,711 | +€119,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,199 | €107,711 | +€119,910 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.