SG CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€36,016
down €36,016 (-49.1%), from €73,348 to €37,333
of which Trade receivables: -€21,509
- Tangible fixed assets +€18,143
up €18,143 (+119.2%), from €15,221 to €33,363
of which Plant, machinery and equipment: +€20,763
- Deferred charges and accrued income +€7,071
up €7,071 (+1357.8%), from €521 to €7,591
- Cash -€6,965
down €6,965 (-82.1%), from €8,482 to €1,517
mainly Net result for the year (-€48,979) and Investment in fixed assets (net) (-€31,100)
- Profit (loss) carried forward -€48,979
down €48,979, from €1,434 to -€47,545
- Trade debts +€15,945
up €15,945 (+55.2%), from €28,908 to €44,853
- Other debts +€12,274
new in 2024: €12,274
- Advances received +€9,500
new in 2024: €9,500
- Tax, wage and social debts -€8,508
down €8,508 (-20.1%), from €42,230 to €33,722
of which Taxes: -€26,387
- Financial charges -€54,766
down €54,766 (-94.9%), from €57,685 to €2,919
of which Non-recurring financial charges: -€49,545
- Gross operating margin -€42,196
down €42,196 (-96.4%), from €43,762 to €1,566
- Staff costs +€31,369
new in 2024: €31,369
- Depreciation +€8,903
up €8,903 (+219.6%), from €4,055 to €12,957
- Taxes -€5,821
down €5,821 (-86.5%), from €6,728 to €907
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 | €97,572 | €79,804 | -€17,767 | -18.2% |
| Fixed assets | 21/28 | €15,221 | €33,363 | +€18,143 | +119.2% |
| Tangible fixed assets | 22/27 | €15,221 | €33,363 | +€18,143 | +119.2% |
| Plant, machinery and equipment | 23 | €4,607 | €25,371 | +€20,763 | +450.7% |
| Furniture and vehicles | 24 | €10,613 | €7,993 | -€2,621 | -24.7% |
| Current assets | 29/58 | €82,351 | €46,441 | -€35,910 | -43.6% |
| Amounts receivable within one year | 40/41 | €73,348 | €37,333 | -€36,016 | -49.1% |
| Trade receivables | 40 | €33,556 | €12,047 | -€21,509 | -64.1% |
| Other amounts receivable | 41 | €39,792 | €25,286 | -€14,506 | -36.5% |
| Cash at bank and in hand | 54/58 | €8,482 | €1,517 | -€6,965 | -82.1% |
| Deferred charges and accrued income | 490/1 | €521 | €7,591 | +€7,071 | +1357.8% |
| Total equity and liabilities | 10/49 | €97,572 | €79,804 | -€17,767 | -18.2% |
| Equity | 10/15 | €26,434 | -€22,545 | -€48,979 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,434 | -€47,545 | -€48,979 | |
| Amounts payable | 17/49 | €71,138 | €102,349 | +€31,211 | +43.9% |
| Amounts payable within one year | 42/48 | €71,138 | €100,349 | +€29,211 | +41.1% |
| Trade debts | 44 | €28,908 | €44,853 | +€15,945 | +55.2% |
| Suppliers | 440/4 | €28,908 | €44,853 | +€15,945 | +55.2% |
| Advances received on contracts in progress | 46 | - | €9,500 | +€9,500 | |
| Taxes, remuneration and social security | 45 | €42,230 | €33,722 | -€8,508 | -20.1% |
| Taxes | 450/3 | €39,830 | €13,442 | -€26,387 | -66.3% |
| Remuneration and social security | 454/9 | €2,400 | €20,280 | +€17,880 | +745.0% |
| Other amounts payable | 47/48 | - | €12,274 | +€12,274 | |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | - | €31,369 | +€31,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,055 | €12,957 | +€8,903 | +219.6% |
| Other operating charges | 640/8 | €3,660 | €1,319 | -€2,341 | -64.0% |
| Non-recurring operating charges | 66A | €6,385 | €1,073 | -€5,312 | -83.2% |
| Gross operating margin | 9900 | €43,762 | €1,566 | -€42,196 | -96.4% |
| Operating profit (loss) | 9901 | €29,662 | -€45,152 | -€74,814 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +166.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +166.7% |
| Financial charges | 65/66B | €57,685 | €2,919 | -€54,766 | -94.9% |
| Recurring financial charges | 65 | €8,140 | €2,919 | -€5,221 | -64.1% |
| Non-recurring financial charges | 66B | €49,545 | - | -€49,545 | |
| Profit (loss) for the period before taxes | 9903 | -€28,023 | -€48,071 | -€20,048 | -71.5% |
| Income taxes | 67/77 | €6,728 | €907 | -€5,821 | -86.5% |
| Profit (loss) for the period | 9904 | -€34,751 | -€48,979 | -€14,227 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,751 | -€48,979 | -€14,227 | -40.9% |
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 3 October 2026 via checked.be.