SBG CONSEIL: 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.
SBG CONSEIL
Largest movements
- Receivables within one year +€204,067
up €204,067 (+5,732%), from €3,560 to €207,627
of which Other amounts receivable: +€205,179
- Cash -€125,677
down €125,677 (-96.6%), from €130,158 to €4,480
mainly Receivables within one year (-€204,067) and Other debts (-€45,904)
- Financial fixed assets -€94,965
down €94,965 (-96.6%), from €98,300 to €3,335
- Tangible fixed assets +€84,587
up €84,587 (+4,273%), from €1,980 to €86,567
of which Land and buildings: +€85,000
- Current investments -€28,250
down €28,250 (-98.4%), from €28,715 to €465
- Profit (loss) carried forward +€69,219
up €69,219 (+261%), from €26,504 to €95,722
- Other debts -€45,904
no longer reported in 2025 (was €45,904)
- Tax, wage and social debts +€8,978
up €8,978 (+30.7%), from €29,260 to €38,237
- Debts after one year +€5,207
up €5,207 (+4.1%), from €127,921 to €133,128
- Gross operating margin +€51,512
up €51,512 (+92.9%), from €55,476 to €106,987
- Taxes +€17,496
up €17,496 (+152%), from €11,515 to €29,012
- Financial income +€10,602
up €10,602 (+16,187%), from €66 to €10,668
- Other operating charges -€6,781
down €6,781 (-59.2%), from €11,461 to €4,680
- Staff costs +€2,716
new in 2025: €2,716
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 | €270,312 | €310,386 | +€40,074 | +14.8% |
| Fixed assets | 21/28 | €100,280 | €89,902 | -€10,378 | -10.3% |
| Tangible fixed assets | 22/27 | €1,980 | €86,567 | +€84,587 | +4,273% |
| Land and buildings | 22 | - | €85,000 | +€85,000 | |
| Furniture and vehicles | 24 | - | €621 | +€621 | |
| Other tangible fixed assets | 26 | €1,980 | €946 | -€1,034 | -52.2% |
| Financial fixed assets | 28 | €98,300 | €3,335 | -€94,965 | -96.6% |
| Current assets | 29/58 | €170,033 | €220,484 | +€50,452 | +29.7% |
| Stocks and contracts in progress | 3 | €7,600 | €7,912 | +€312 | +4.1% |
| Stocks | 30/36 | €7,600 | €7,912 | +€312 | +4.1% |
| Amounts receivable within one year | 40/41 | €3,560 | €207,627 | +€204,067 | +5,732% |
| Trade receivables | 40 | €1,112 | - | -€1,112 | |
| Other amounts receivable | 41 | €2,448 | €207,627 | +€205,179 | +8,382% |
| Current investments | 50/53 | €28,715 | €465 | -€28,250 | -98.4% |
| Cash at bank and in hand | 54/58 | €130,158 | €4,480 | -€125,677 | -96.6% |
| Total equity and liabilities | 10/49 | €270,312 | €310,386 | +€40,074 | +14.8% |
| Equity | 10/15 | €46,964 | €116,182 | +€69,219 | +147% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,504 | €95,722 | +€69,219 | +261% |
| Amounts payable | 17/49 | €223,349 | €194,204 | -€29,145 | -13.0% |
| Amounts payable after more than one year | 17 | €127,921 | €133,128 | +€5,207 | +4.1% |
| Financial debts | 170/4 | €127,921 | €133,128 | +€5,207 | +4.1% |
| Amounts payable within one year | 42/48 | €95,428 | €61,076 | -€34,352 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €18,990 | €19,793 | +€803 | +4.2% |
| Trade debts | 44 | €1,274 | €3,046 | +€1,772 | +139% |
| Suppliers | 440/4 | €1,274 | €3,046 | +€1,772 | +139% |
| Taxes, remuneration and social security | 45 | €29,260 | €38,237 | +€8,978 | +30.7% |
| Taxes | 450/3 | €29,260 | €38,237 | +€8,978 | +30.7% |
| Other amounts payable | 47/48 | €45,904 | - | -€45,904 | |
| Non-recurring operating income | 76A | - | €65,172 | +€65,172 | |
| Remuneration, social security and pensions | 62 | - | €2,716 | +€2,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,034 | €1,112 | +€78 | +7.5% |
| Other operating charges | 640/8 | €11,461 | €4,680 | -€6,781 | -59.2% |
| Non-recurring operating charges | 66A | €1,606 | - | -€1,606 | |
| Gross operating margin | 9900 | €55,476 | €106,987 | +€51,512 | +92.9% |
| Operating profit (loss) | 9901 | €41,374 | €98,480 | +€57,106 | +138% |
| Financial income | 75/76B | €66 | €10,668 | +€10,602 | +16,187% |
| Recurring financial income | 75 | €66 | €10,668 | +€10,602 | +16,187% |
| Financial charges | 65/66B | €13,145 | €10,917 | -€2,227 | -16.9% |
| Recurring financial charges | 65 | €13,145 | €10,917 | -€2,227 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €28,295 | €98,231 | +€69,936 | +247% |
| Income taxes | 67/77 | €11,515 | €29,012 | +€17,496 | +152% |
| Profit (loss) for the period | 9904 | €16,780 | €69,219 | +€52,439 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €16,780 | €69,219 | +€52,439 | +313% |
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 20 October 2026 via checked.be.