SG Automobile: what changed
SG Automobile
Largest movements
- Stocks and contracts +€178,523
up €178,523 (+337%), from €52,946 to €231,469
- Receivables within one year +€23,304
up €23,304 (+131%), from €17,769 to €41,073
of which Trade receivables: +€24,860
- Cash -€17,264
down €17,264 (-41.9%), from €41,217 to €23,954
mainly Stocks and contracts (-€178,523) and Short-term financial debts (-€87,040)
- Tangible fixed assets -€3,158
down €3,158 (-43.4%), from €7,281 to €4,123
of which Furniture and vehicles: -€3,846
- Other debts +€140,999
up €140,999, from €0 to €140,999
- Current portion of long-term debt +€125,169
up €125,169 (+5,298%), from €2,363 to €127,532
- Short-term financial debts -€87,040
down €87,040 (-100%), from €87,040 to €0
- Reserves +€5,206
new in 2025: €5,206
- Advances received +€3,651
up €3,651 (+100%), from €3,651 to €7,302
- Financial income -€3,191
down €3,191 (-99.1%), from €3,219 to €28
- Gross operating margin +€2,195
up €2,195 (+11.8%), from €18,590 to €20,785
- Other operating charges +€894
up €894 (+39.3%), from €2,278 to €3,172
- Financial charges +€570
up €570 (+11.1%), from €5,142 to €5,712
- Depreciation +€283
up €283 (+7.9%), from €3,577 to €3,860
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 | €119,258 | €300,665 | +€181,406 | +152% |
| Fixed assets | 21/28 | €7,281 | €4,123 | -€3,158 | -43.4% |
| Tangible fixed assets | 22/27 | €7,281 | €4,123 | -€3,158 | -43.4% |
| Plant, machinery and equipment | 23 | - | €688 | +€688 | |
| Furniture and vehicles | 24 | €7,281 | €3,435 | -€3,846 | -52.8% |
| Current assets | 29/58 | €111,977 | €296,541 | +€184,565 | +165% |
| Stocks and contracts in progress | 3 | €52,946 | €231,469 | +€178,523 | +337% |
| Stocks | 30/36 | €52,946 | €231,469 | +€178,523 | +337% |
| Amounts receivable within one year | 40/41 | €17,769 | €41,073 | +€23,304 | +131% |
| Trade receivables | 40 | €0 | €24,860 | +€24,860 | |
| Other amounts receivable | 41 | €17,769 | €16,214 | -€1,556 | -8.8% |
| Cash at bank and in hand | 54/58 | €41,217 | €23,954 | -€17,264 | -41.9% |
| Deferred charges and accrued income | 490/1 | €44 | €45 | +€1 | +1.8% |
| Total equity and liabilities | 10/49 | €119,258 | €300,665 | +€181,406 | +152% |
| Equity | 10/15 | €7,898 | €13,104 | +€5,206 | +65.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €5,206 | +€5,206 | |
| Distributable reserves | 133 | - | €5,206 | +€5,206 | |
| Profit (loss) carried forward | 14 | €5,398 | €5,398 | +€0 | 0.0% |
| Amounts payable | 17/49 | €111,360 | €287,561 | +€176,201 | +158% |
| Amounts payable after more than one year | 17 | €4,780 | €2,248 | -€2,532 | -53.0% |
| Financial debts | 170/4 | €4,780 | €2,248 | -€2,532 | -53.0% |
| Amounts payable within one year | 42/48 | €106,580 | €285,313 | +€178,732 | +168% |
| Current portion of amounts payable after more than one year | 42 | €2,363 | €127,532 | +€125,169 | +5,298% |
| Financial debts | 43 | €87,040 | €0 | -€87,040 | -100% |
| Credit institutions | 430/8 | €87,040 | €0 | -€87,040 | -100% |
| Trade debts | 44 | €6,690 | €3,518 | -€3,172 | -47.4% |
| Suppliers | 440/4 | €6,690 | €3,518 | -€3,172 | -47.4% |
| Advances received on contracts in progress | 46 | €3,651 | €7,302 | +€3,651 | +100% |
| Taxes, remuneration and social security | 45 | €6,837 | €5,962 | -€875 | -12.8% |
| Taxes | 450/3 | €6,837 | €5,962 | -€875 | -12.8% |
| Other amounts payable | 47/48 | €0 | €140,999 | +€140,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,577 | €3,860 | +€283 | +7.9% |
| Other operating charges | 640/8 | €2,278 | €3,172 | +€894 | +39.3% |
| Gross operating margin | 9900 | €18,590 | €20,785 | +€2,195 | +11.8% |
| Operating profit (loss) | 9901 | €12,736 | €13,754 | +€1,018 | +8.0% |
| Financial income | 75/76B | €3,219 | €28 | -€3,191 | -99.1% |
| Recurring financial income | 75 | €3,219 | €28 | -€3,191 | -99.1% |
| Financial charges | 65/66B | €5,142 | €5,712 | +€570 | +11.1% |
| Recurring financial charges | 65 | €5,142 | €5,712 | +€570 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €10,813 | €8,070 | -€2,744 | -25.4% |
| Income taxes | 67/77 | €3,137 | €2,864 | -€273 | -8.7% |
| Profit (loss) for the period | 9904 | €7,676 | €5,206 | -€2,470 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,676 | €5,206 | -€2,470 | -32.2% |
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 2 November 2026 via checked.be.