SG Consultancy: 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.
SG Consultancy
Largest movements
- Receivables after one year +€80,000
new in 2025: €80,000
- Receivables within one year +€31,600
up €31,600 (+131%), from €24,122 to €55,722
of which Trade receivables: +€49,998
- Cash +€5,976
up €5,976 (+64.6%), from €9,252 to €15,229
mainly Net result for the year (+€55,976) and Other debts (+€36,050)
- Deferred charges and accrued income +€4,800
new in 2025: €4,800
- Tangible fixed assets -€1,785
down €1,785 (-39.3%), from €4,537 to €2,752
- Reserves +€56,786
up €56,786 (+437%), from €13,000 to €69,786
- Other debts +€36,050
new in 2025: €36,050
- Tax, wage and social debts +€21,996
up €21,996 (+222%), from €9,896 to €31,892
of which Taxes: +€18,968
- Trade debts +€7,288
up €7,288 (+88.3%), from €8,251 to €15,539
- Gross operating margin +€62,602
up €62,602 (+733%), from €8,535 to €71,137
- Taxes +€13,072
up €13,072 (+462%), from €2,829 to €15,901
- Financial income +€3,795
up €3,795 (+360%), from €1,056 to €4,851
- Depreciation +€1,114
up €1,114 (+166%), from €671 to €1,785
- Financial charges +€981
up €981 (+244%), from €402 to €1,383
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 | €37,912 | €158,503 | +€120,592 | +318% |
| Fixed assets | 21/28 | €4,537 | €2,752 | -€1,785 | -39.3% |
| Tangible fixed assets | 22/27 | €4,537 | €2,752 | -€1,785 | -39.3% |
| Furniture and vehicles | 24 | €4,537 | €2,752 | -€1,785 | -39.3% |
| Current assets | 29/58 | €33,374 | €155,751 | +€122,377 | +367% |
| Amounts receivable after more than one year | 29 | - | €80,000 | +€80,000 | |
| Trade receivables | 290 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €24,122 | €55,722 | +€31,600 | +131% |
| Trade receivables | 40 | - | €49,998 | +€49,998 | |
| Other amounts receivable | 41 | €24,122 | €5,724 | -€18,398 | -76.3% |
| Cash at bank and in hand | 54/58 | €9,252 | €15,229 | +€5,976 | +64.6% |
| Deferred charges and accrued income | 490/1 | - | €4,800 | +€4,800 | |
| Total equity and liabilities | 10/49 | €37,912 | €158,503 | +€120,592 | +318% |
| Equity | 10/15 | €16,810 | €72,786 | +€55,976 | +333% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €69,786 | +€56,786 | +437% |
| Distributable reserves | 133 | €13,000 | €69,786 | +€56,786 | +437% |
| Profit (loss) carried forward | 14 | €810 | €0 | -€810 | -100% |
| Amounts payable | 17/49 | €21,102 | €85,717 | +€64,615 | +306% |
| Amounts payable after more than one year | 17 | €1,291 | €0 | -€1,291 | -100% |
| Financial debts | 170/4 | €1,291 | €0 | -€1,291 | -100% |
| Amounts payable within one year | 42/48 | €19,811 | €85,717 | +€65,907 | +333% |
| Current portion of amounts payable after more than one year | 42 | €1,664 | €1,291 | -€373 | -22.4% |
| Financial debts | 43 | - | €945 | +€945 | |
| Credit institutions | 430/8 | - | €945 | +€945 | |
| Trade debts | 44 | €8,251 | €15,539 | +€7,288 | +88.3% |
| Suppliers | 440/4 | €8,251 | €15,539 | +€7,288 | +88.3% |
| Taxes, remuneration and social security | 45 | €9,896 | €31,892 | +€21,996 | +222% |
| Taxes | 450/3 | €9,896 | €28,864 | +€18,968 | +192% |
| Remuneration and social security | 454/9 | - | €3,028 | +€3,028 | |
| Other amounts payable | 47/48 | - | €36,050 | +€36,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €671 | €1,785 | +€1,114 | +166% |
| Other operating charges | 640/8 | €1,703 | €942 | -€761 | -44.7% |
| Gross operating margin | 9900 | €8,535 | €71,137 | +€62,602 | +733% |
| Operating profit (loss) | 9901 | €6,161 | €68,410 | +€62,248 | +1,010% |
| Financial income | 75/76B | €1,056 | €4,851 | +€3,795 | +360% |
| Recurring financial income | 75 | €1,056 | €4,851 | +€3,795 | +360% |
| Financial charges | 65/66B | €402 | €1,383 | +€981 | +244% |
| Recurring financial charges | 65 | €402 | €1,383 | +€981 | +244% |
| Profit (loss) for the period before taxes | 9903 | €6,815 | €71,877 | +€65,062 | +955% |
| Income taxes | 67/77 | €2,829 | €15,901 | +€13,072 | +462% |
| Profit (loss) for the period | 9904 | €3,986 | €55,976 | +€51,990 | +1,304% |
| Profit (loss) for the period to be appropriated | 9905 | €3,986 | €55,976 | +€51,990 | +1,304% |
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 18 October 2026 via checked.be.