SG Diving: 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 Diving
Largest movements
- Receivables within one year +€10,768
up €10,768 (+66.8%), from €16,108 to €26,876
of which Trade receivables: +€9,393
- Cash -€6,694
down €6,694 (-8.2%), from €81,661 to €74,968
mainly Contributions, distributions and other (-€22,500) and Other debts (-€19,942)
- Tangible fixed assets -€1,397
down €1,397 (-19.5%), from €7,181 to €5,784
of which Furniture and vehicles: -€831
- Other debts -€19,942
down €19,942 (-93.1%), from €21,415 to €1,473
- Profit (loss) carried forward +€9,101
up €9,101 (+15.1%), from €60,393 to €69,494
- Tax, wage and social debts +€8,665
up €8,665 (+43.1%), from €20,115 to €28,780
- Trade debts +€3,435
up €3,435 (+773.0%), from €444 to €3,879
- Gross operating margin -€47,047
down €47,047 (-50.9%), from €92,409 to €45,362
- Taxes -€11,118
down €11,118 (-55.9%), from €19,899 to €8,780
- Depreciation +€1,888
up €1,888 (+246.8%), from €765 to €2,653
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 | €105,367 | €107,627 | +€2,260 | +2.1% |
| Fixed assets | 21/28 | €7,181 | €5,784 | -€1,397 | -19.5% |
| Tangible fixed assets | 22/27 | €7,181 | €5,784 | -€1,397 | -19.5% |
| Plant, machinery and equipment | 23 | €4,864 | €4,298 | -€566 | -11.6% |
| Furniture and vehicles | 24 | €2,316 | €1,485 | -€831 | -35.9% |
| Current assets | 29/58 | €98,186 | €101,844 | +€3,658 | +3.7% |
| Amounts receivable within one year | 40/41 | €16,108 | €26,876 | +€10,768 | +66.8% |
| Trade receivables | 40 | €14,460 | €23,853 | +€9,393 | +65.0% |
| Other amounts receivable | 41 | €1,648 | €3,023 | +€1,375 | +83.4% |
| Cash at bank and in hand | 54/58 | €81,661 | €74,968 | -€6,694 | -8.2% |
| Deferred charges and accrued income | 490/1 | €416 | - | -€416 | |
| Total equity and liabilities | 10/49 | €105,367 | €107,627 | +€2,260 | +2.1% |
| Equity | 10/15 | €63,393 | €72,494 | +€9,101 | +14.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,393 | €69,494 | +€9,101 | +15.1% |
| Amounts payable | 17/49 | €41,974 | €35,134 | -€6,841 | -16.3% |
| Amounts payable within one year | 42/48 | €41,974 | €34,133 | -€7,842 | -18.7% |
| Trade debts | 44 | €444 | €3,879 | +€3,435 | +773.0% |
| Suppliers | 440/4 | €444 | €3,879 | +€3,435 | +773.0% |
| Taxes, remuneration and social security | 45 | €20,115 | €28,780 | +€8,665 | +43.1% |
| Taxes | 450/3 | €20,115 | €28,780 | +€8,665 | +43.1% |
| Other amounts payable | 47/48 | €21,415 | €1,473 | -€19,942 | -93.1% |
| Accrued charges and deferred income | 492/3 | - | €1,001 | +€1,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €2,653 | +€1,888 | +246.8% |
| Other operating charges | 640/8 | €383 | €751 | +€368 | +95.9% |
| Gross operating margin | 9900 | €92,409 | €45,362 | -€47,047 | -50.9% |
| Operating profit (loss) | 9901 | €91,260 | €41,958 | -€49,303 | -54.0% |
| Financial charges | 65/66B | €1,912 | €1,576 | -€335 | -17.5% |
| Recurring financial charges | 65 | €1,912 | €1,576 | -€335 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €89,349 | €40,381 | -€48,967 | -54.8% |
| Income taxes | 67/77 | €19,899 | €8,780 | -€11,118 | -55.9% |
| Profit (loss) for the period | 9904 | €69,450 | €31,601 | -€37,849 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,450 | €31,601 | -€37,849 | -54.5% |
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 8 October 2026 via checked.be.