SG BENE: 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 BENE
Largest movements
- Tangible fixed assets +€27,153
up €27,153 (+30.5%), from €89,006 to €116,160
of which Furniture and vehicles: +€29,051
- Receivables within one year +€3,679
up €3,679 (+8.6%), from €43,018 to €46,697
of which Other amounts receivable: +€14,901
- Cash +€3,478
up €3,478 (+5.5%), from €62,907 to €66,385
mainly Debts after one year (+€26,739) and Depreciation (+€25,799)
- Deferred charges and accrued income +€3,400
up €3,400 (+41.1%), from €8,265 to €11,665
- Debts after one year +€26,739
up €26,739 (+45.8%), from €58,389 to €85,128
- Tax, wage and social debts -€11,538
down €11,538 (-40.2%), from €28,733 to €17,195
of which Taxes: -€6,215
- Current portion of long-term debt +€9,868
up €9,868 (+78.1%), from €12,628 to €22,496
- Other debts +€6,532
up €6,532 (+42.7%), from €15,314 to €21,847
- Trade debts +€5,072
up €5,072 (+87.8%), from €5,776 to €10,848
- Staff costs +€34,732
up €34,732 (+34.5%), from €100,697 to €135,429
- Gross operating margin +€20,135
up €20,135 (+11.1%), from €181,981 to €202,116
- Other operating charges +€10,839
up €10,839 (+519.9%), from €2,085 to €12,924
- Taxes -€5,924
down €5,924 (-48.3%), from €12,272 to €6,348
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 | €204,851 | €242,007 | +€37,156 | +18.1% |
| Fixed assets | 21/28 | €90,660 | €117,259 | +€26,599 | +29.3% |
| Intangible fixed assets | 21 | €1,654 | €1,100 | -€554 | -33.5% |
| Tangible fixed assets | 22/27 | €89,006 | €116,160 | +€27,153 | +30.5% |
| Plant, machinery and equipment | 23 | €11,745 | €7,826 | -€3,919 | -33.4% |
| Furniture and vehicles | 24 | €77,262 | €106,312 | +€29,051 | +37.6% |
| Other tangible fixed assets | 26 | - | €2,022 | +€2,022 | |
| Current assets | 29/58 | €114,190 | €124,748 | +€10,557 | +9.2% |
| Amounts receivable within one year | 40/41 | €43,018 | €46,697 | +€3,679 | +8.6% |
| Trade receivables | 40 | €41,033 | €29,811 | -€11,222 | -27.3% |
| Other amounts receivable | 41 | €1,986 | €16,886 | +€14,901 | +750.4% |
| Cash at bank and in hand | 54/58 | €62,907 | €66,385 | +€3,478 | +5.5% |
| Deferred charges and accrued income | 490/1 | €8,265 | €11,665 | +€3,400 | +41.1% |
| Total equity and liabilities | 10/49 | €204,851 | €242,007 | +€37,156 | +18.1% |
| Equity | 10/15 | €84,010 | €84,494 | +€483 | +0.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €160 | €160 | = | 0.0% |
| Distributable reserves | 133 | €160 | €160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,850 | €54,333 | +€483 | +0.9% |
| Amounts payable | 17/49 | €120,840 | €157,514 | +€36,673 | +30.3% |
| Amounts payable after more than one year | 17 | €58,389 | €85,128 | +€26,739 | +45.8% |
| Financial debts | 170/4 | €58,389 | €85,128 | +€26,739 | +45.8% |
| Amounts payable within one year | 42/48 | €62,451 | €72,385 | +€9,934 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €12,628 | €22,496 | +€9,868 | +78.1% |
| Trade debts | 44 | €5,776 | €10,848 | +€5,072 | +87.8% |
| Suppliers | 440/4 | €5,776 | €10,848 | +€5,072 | +87.8% |
| Taxes, remuneration and social security | 45 | €28,733 | €17,195 | -€11,538 | -40.2% |
| Taxes | 450/3 | €10,568 | €4,353 | -€6,215 | -58.8% |
| Remuneration and social security | 454/9 | €18,165 | €12,842 | -€5,323 | -29.3% |
| Other amounts payable | 47/48 | €15,314 | €21,847 | +€6,532 | +42.7% |
| Remuneration, social security and pensions | 62 | €100,697 | €135,429 | +€34,732 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,612 | €25,799 | +€1,187 | +4.8% |
| Other operating charges | 640/8 | €2,085 | €12,924 | +€10,839 | +519.9% |
| Gross operating margin | 9900 | €181,981 | €202,116 | +€20,135 | +11.1% |
| Operating profit (loss) | 9901 | €54,587 | €27,965 | -€26,622 | -48.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,274 | €3,134 | -€140 | -4.3% |
| Recurring financial charges | 65 | €3,274 | €3,134 | -€140 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €51,313 | €24,831 | -€26,482 | -51.6% |
| Income taxes | 67/77 | €12,272 | €6,348 | -€5,924 | -48.3% |
| Profit (loss) for the period | 9904 | €39,041 | €18,483 | -€20,558 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,041 | €18,483 | -€20,558 | -52.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.