SG: 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.
SG
Largest movements
- Current investments +€2.5m
new in 2024: €2.5m
- Financial fixed assets +€2.1m
up €2.1m (+87.0%), from €2.5m to €4.6m
- Other debts +€6.5m
new in 2024: €6.5m
- Debts after one year -€1.4m
no longer reported in 2024 (was €1.4m)
- Profit (loss) carried forward -€304,716
down €304,716, from €241,765 to -€62,951
- Tax, wage and social debts -€215,450
down €215,450 (-85.8%), from €251,181 to €35,732
- Financial charges +€523,039
up €523,039 (+8699.8%), from €6,012 to €529,051
of which Non-recurring financial charges: +€521,436
- Financial income -€504,644
down €504,644 (-62.1%), from €813,200 to €308,556
- Taxes -€215,450
down €215,450 (-85.8%), from €251,181 to €35,732
- Gross operating margin -€2,265
down €2,265 (-29.2%), from -€7,746 to -€10,010
- Other operating charges +€396
up €396 (+15.2%), from €2,609 to €3,004
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,505,588 | €7,140,899 | +€4.6m | +185.0% |
| Fixed assets | 21/28 | €2,451,424 | €4,583,562 | +€2.1m | +87.0% |
| Financial fixed assets | 28 | €2,451,424 | €4,583,562 | +€2.1m | +87.0% |
| Current assets | 29/58 | €54,165 | €2,557,336 | +€2.5m | +4621.4% |
| Current investments | 50/53 | - | €2,527,087 | +€2.5m | |
| Cash at bank and in hand | 54/58 | €54,165 | - | -€54,165 | |
| Deferred charges and accrued income | 490/1 | - | €30,249 | +€30,249 | |
| Total equity and liabilities | 10/49 | €2,505,588 | €7,140,899 | +€4.6m | +185.0% |
| Equity | 10/15 | €897,415 | €592,699 | -€304,716 | -34.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €555,650 | €555,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €545,650 | €545,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,765 | -€62,951 | -€304,716 | |
| Amounts payable | 17/49 | €1,608,173 | €6,548,199 | +€4.9m | +307.2% |
| Amounts payable after more than one year | 17 | €1,355,589 | - | -€1.4m | |
| Financial debts | 170/4 | €1,355,589 | - | -€1.4m | |
| Amounts payable within one year | 42/48 | €252,541 | €6,546,370 | +€6.3m | +2492.2% |
| Trade debts | 44 | €1,360 | €1,277 | -€83 | -6.1% |
| Suppliers | 440/4 | €1,360 | €1,277 | -€83 | -6.1% |
| Taxes, remuneration and social security | 45 | €251,181 | €35,732 | -€215,450 | -85.8% |
| Taxes | 450/3 | €251,181 | €35,732 | -€215,450 | -85.8% |
| Other amounts payable | 47/48 | - | €6,509,361 | +€6.5m | |
| Accrued charges and deferred income | 492/3 | €43 | €1,829 | +€1,786 | +4125.1% |
| Other operating charges | 640/8 | €2,609 | €3,004 | +€396 | +15.2% |
| Non-recurring operating charges | 66A | - | €35,474 | +€35,474 | |
| Gross operating margin | 9900 | -€7,746 | -€10,010 | -€2,265 | -29.2% |
| Operating profit (loss) | 9901 | -€10,354 | -€48,489 | -€38,135 | -368.3% |
| Financial income | 75/76B | €813,200 | €308,556 | -€504,644 | -62.1% |
| Recurring financial income | 75 | €813,200 | €308,556 | -€504,644 | -62.1% |
| Financial charges | 65/66B | €6,012 | €529,051 | +€523,039 | +8699.8% |
| Recurring financial charges | 65 | €6,012 | €7,615 | +€1,603 | +26.7% |
| Non-recurring financial charges | 66B | - | €521,436 | +€521,436 | |
| Profit (loss) for the period before taxes | 9903 | €796,834 | -€268,984 | -€1.1m | |
| Income taxes | 67/77 | €251,181 | €35,732 | -€215,450 | -85.8% |
| Profit (loss) for the period | 9904 | €545,653 | -€304,716 | -€850,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €545,653 | -€304,716 | -€850,368 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.