SG-Engineering: 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-Engineering
Largest movements
- Tangible fixed assets -€6,070
down €6,070 (-20.1%), from €30,132 to €24,063
- Cash -€3,305
down €3,305 (-13.5%), from €24,519 to €21,214
mainly Other debts (-€23,307) and Advances received (-€7,155)
- Receivables within one year +€3,048
up €3,048 (+20.1%), from €15,156 to €18,204
of which Trade receivables: +€4,797
- Other debts -€23,307
down €23,307 (-100.0%), from €23,307 to €0
- Profit (loss) carried forward +€17,729
up €17,729 (+111.0%), from €15,975 to €33,704
- Tax, wage and social debts +€8,348
up €8,348 (+156.6%), from €5,330 to €13,677
- Advances received -€7,155
down €7,155 (-73.9%), from €9,680 to €2,525
- Debts after one year -€4,034
down €4,034 (-53.2%), from €7,580 to €3,546
- Gross operating margin +€4,658
up €4,658 (+15.3%), from €30,488 to €35,146
- Depreciation +€3,908
up €3,908 (+180.7%), from €2,162 to €6,070
- Other operating charges -€3,098
down €3,098 (-93.8%), from €3,304 to €206
- Taxes +€1,305
up €1,305 (+24.7%), from €5,294 to €6,599
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 | €69,808 | €63,593 | -€6,215 | -8.9% |
| Fixed assets | 21/28 | €30,132 | €24,063 | -€6,070 | -20.1% |
| Tangible fixed assets | 22/27 | €30,132 | €24,063 | -€6,070 | -20.1% |
| Furniture and vehicles | 24 | €30,132 | €24,063 | -€6,070 | -20.1% |
| Current assets | 29/58 | €39,675 | €39,530 | -€145 | -0.4% |
| Amounts receivable within one year | 40/41 | €15,156 | €18,204 | +€3,048 | +20.1% |
| Trade receivables | 40 | €13,407 | €18,204 | +€4,797 | +35.8% |
| Other amounts receivable | 41 | €1,749 | €0 | -€1,749 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,519 | €21,214 | -€3,305 | -13.5% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €69,808 | €63,593 | -€6,215 | -8.9% |
| Equity | 10/15 | €18,975 | €36,704 | +€17,729 | +93.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,975 | €33,704 | +€17,729 | +111.0% |
| Amounts payable | 17/49 | €50,832 | €26,888 | -€23,944 | -47.1% |
| Amounts payable after more than one year | 17 | €7,580 | €3,546 | -€4,034 | -53.2% |
| Financial debts | 170/4 | €7,580 | €3,546 | -€4,034 | -53.2% |
| Amounts payable within one year | 42/48 | €43,252 | €23,342 | -€19,910 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €3,806 | €4,034 | +€228 | +6.0% |
| Trade debts | 44 | €1,129 | €3,106 | +€1,977 | +175.1% |
| Suppliers | 440/4 | €1,129 | €3,106 | +€1,977 | +175.1% |
| Advances received on contracts in progress | 46 | €9,680 | €2,525 | -€7,155 | -73.9% |
| Taxes, remuneration and social security | 45 | €5,330 | €13,677 | +€8,348 | +156.6% |
| Taxes | 450/3 | €5,330 | €13,677 | +€8,348 | +156.6% |
| Other amounts payable | 47/48 | €23,307 | €0 | -€23,307 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €6,070 | +€3,908 | +180.7% |
| Other operating charges | 640/8 | €3,304 | €206 | -€3,098 | -93.8% |
| Non-recurring operating charges | 66A | - | €1,265 | +€1,265 | |
| Gross operating margin | 9900 | €30,488 | €35,146 | +€4,658 | +15.3% |
| Operating profit (loss) | 9901 | €25,022 | €27,605 | +€2,583 | +10.3% |
| Financial income | 75/76B | €0 | €37 | +€37 | +37020.0% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +37020.0% |
| Financial charges | 65/66B | €3,087 | €3,314 | +€227 | +7.4% |
| Recurring financial charges | 65 | €3,087 | €3,314 | +€227 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €21,935 | €24,328 | +€2,393 | +10.9% |
| Income taxes | 67/77 | €5,294 | €6,599 | +€1,305 | +24.7% |
| Profit (loss) for the period | 9904 | €16,641 | €17,729 | +€1,088 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,641 | €17,729 | +€1,088 | +6.5% |
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 12 October 2026 via checked.be.