SG CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets +€41,747
up €41,747 (+152%), from €27,438 to €69,185
of which Leasing and similar rights: +€52,161
- Receivables within one year -€36,470
down €36,470 (-37.8%), from €96,583 to €60,114
of which Other amounts receivable: -€35,524
- Cash +€16,282
up €16,282 (+31.6%), from €51,576 to €67,859
mainly Receivables within one year (+€36,470) and Net result for the year (+€28,170)
- Deferred charges and accrued income +€2,453
new in 2025: €2,453
- Debts after one year +€22,371
up €22,371 (+178%), from €12,557 to €34,927
- Current portion of long-term debt +€17,946
up €17,946 (+232%), from €7,738 to €25,684
- Reserves -€17,210
down €17,210 (-14.2%), from €121,569 to €104,359
- Tax, wage and social debts +€2,866
up €2,866 (+12.9%), from €22,234 to €25,100
- Trade debts -€2,205
down €2,205 (-69.9%), from €3,156 to €951
- Gross operating margin -€11,886
down €11,886 (-14.8%), from €80,508 to €68,621
- Depreciation +€11,787
up €11,787 (+97.5%), from €12,095 to €23,882
- Taxes -€8,890
down €8,890 (-39.4%), from €22,567 to €13,677
- Financial charges +€1,345
up €1,345 (+232%), from €580 to €1,925
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 | €175,941 | €199,719 | +€23,779 | +13.5% |
| Fixed assets | 21/28 | €27,781 | €69,294 | +€41,513 | +149% |
| Intangible fixed assets | 21 | €343 | €109 | -€234 | -68.1% |
| Tangible fixed assets | 22/27 | €27,438 | €69,185 | +€41,747 | +152% |
| Plant, machinery and equipment | 23 | €6,622 | €4,584 | -€2,038 | -30.8% |
| Leasing and similar rights | 25 | - | €52,161 | +€52,161 | |
| Other tangible fixed assets | 26 | €20,816 | €12,440 | -€8,376 | -40.2% |
| Current assets | 29/58 | €148,160 | €130,425 | -€17,735 | -12.0% |
| Amounts receivable within one year | 40/41 | €96,583 | €60,114 | -€36,470 | -37.8% |
| Trade receivables | 40 | €16,956 | €16,011 | -€945 | -5.6% |
| Other amounts receivable | 41 | €79,627 | €44,103 | -€35,524 | -44.6% |
| Cash at bank and in hand | 54/58 | €51,576 | €67,859 | +€16,282 | +31.6% |
| Deferred charges and accrued income | 490/1 | - | €2,453 | +€2,453 | |
| Total equity and liabilities | 10/49 | €175,941 | €199,719 | +€23,779 | +13.5% |
| Equity | 10/15 | €130,256 | €113,057 | -€17,200 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,569 | €104,359 | -€17,210 | -14.2% |
| Distributable reserves | 133 | €121,569 | €104,359 | -€17,210 | -14.2% |
| Profit (loss) carried forward | 14 | €2,487 | €2,498 | +€10 | +0.4% |
| Amounts payable | 17/49 | €45,684 | €86,663 | +€40,978 | +89.7% |
| Amounts payable after more than one year | 17 | €12,557 | €34,927 | +€22,371 | +178% |
| Financial debts | 170/4 | €12,557 | €34,927 | +€22,371 | +178% |
| Amounts payable within one year | 42/48 | €33,128 | €51,735 | +€18,607 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €7,738 | €25,684 | +€17,946 | +232% |
| Trade debts | 44 | €3,156 | €951 | -€2,205 | -69.9% |
| Suppliers | 440/4 | €3,156 | €951 | -€2,205 | -69.9% |
| Taxes, remuneration and social security | 45 | €22,234 | €25,100 | +€2,866 | +12.9% |
| Taxes | 450/3 | €22,234 | €25,100 | +€2,866 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,095 | €23,882 | +€11,787 | +97.5% |
| Other operating charges | 640/8 | €642 | €967 | +€325 | +50.7% |
| Gross operating margin | 9900 | €80,508 | €68,621 | -€11,886 | -14.8% |
| Operating profit (loss) | 9901 | €67,771 | €43,773 | -€23,999 | -35.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €580 | €1,925 | +€1,345 | +232% |
| Recurring financial charges | 65 | €580 | €1,925 | +€1,345 | +232% |
| Profit (loss) for the period before taxes | 9903 | €67,192 | €41,847 | -€25,345 | -37.7% |
| Income taxes | 67/77 | €22,567 | €13,677 | -€8,890 | -39.4% |
| Profit (loss) for the period | 9904 | €44,625 | €28,170 | -€16,455 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,625 | €28,170 | -€16,455 | -36.9% |
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 20 October 2026 via checked.be.