SG Gestion: 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 Gestion
Largest movements
- Cash -€3,878
down €3,878 (-38.7%), from €10,020 to €6,143
mainly Net result for the year (-€3,824) and Trade debts (-€54)
- Profit (loss) carried forward -€3,824
down €3,824 (-32.1%), from -€11,920 to -€15,744
- Gross operating margin +€5,116
up €5,116 (+61.6%), from -€8,308 to -€3,192
- Other operating charges -€380
down €380 (-48.7%), from €779 to €400
- Financial charges -€123
down €123 (-34.7%), from €355 to €232
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 | €85,020 | €81,143 | -€3,878 | -4.6% |
| Fixed assets | 21/28 | €75,000 | €75,000 | = | 0.0% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €10,020 | €6,143 | -€3,878 | -38.7% |
| Cash at bank and in hand | 54/58 | €10,020 | €6,143 | -€3,878 | -38.7% |
| Total equity and liabilities | 10/49 | €85,020 | €81,143 | -€3,878 | -4.6% |
| Equity | 10/15 | €78,080 | €74,256 | -€3,824 | -4.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,920 | -€15,744 | -€3,824 | -32.1% |
| Amounts payable | 17/49 | €6,940 | €6,886 | -€54 | -0.8% |
| Amounts payable within one year | 42/48 | €6,940 | €6,886 | -€54 | -0.8% |
| Trade debts | 44 | €2,940 | €2,886 | -€54 | -1.8% |
| Suppliers | 440/4 | €2,940 | €2,886 | -€54 | -1.8% |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -100% |
| Other operating charges | 640/8 | €779 | €400 | -€380 | -48.7% |
| Gross operating margin | 9900 | -€8,308 | -€3,192 | +€5,116 | +61.6% |
| Operating profit (loss) | 9901 | -€9,087 | -€3,592 | +€5,495 | +60.5% |
| Financial charges | 65/66B | €355 | €232 | -€123 | -34.7% |
| Recurring financial charges | 65 | €355 | €232 | -€123 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,442 | -€3,824 | +€5,618 | +59.5% |
| Profit (loss) for the period | 9904 | -€9,442 | -€3,824 | +€5,618 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,442 | -€3,824 | +€5,618 | +59.5% |
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 19 October 2026 via checked.be.