SG GROUPE: 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 GROUPE
Largest movements
- Receivables within one year -€253,881
down €253,881 (-96.4%), from €263,397 to €9,517
- Cash -€63,935
down €63,935 (-70.8%), from €90,348 to €26,413
mainly Contributions, distributions and other (-€275,000) and Other debts (-€125,000)
- Tangible fixed assets -€54,410
down €54,410 (-11.4%), from €476,965 to €422,555
- Profit (loss) carried forward -€256,245
down €256,245, from €190,228 to -€66,017
- Other debts -€125,000
down €125,000 (-25.0%), from €500,000 to €375,000
- Trade debts +€16,594
up €16,594 (+5,270%), from €315 to €16,909
- Financial income -€140,990
down €140,990 (-95.8%), from €147,190 to €6,200
of which Non-recurring financial income: -€140,996
- Gross operating margin -€19,128
down €19,128 (-17.4%), from €110,040 to €90,912
- Taxes -€5,208
down €5,208 (-37.9%), from €13,728 to €8,520
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 | €837,359 | €464,685 | -€372,674 | -44.5% |
| Fixed assets | 21/28 | €476,965 | €422,555 | -€54,410 | -11.4% |
| Tangible fixed assets | 22/27 | €476,965 | €422,555 | -€54,410 | -11.4% |
| Land and buildings | 22 | €476,965 | €422,555 | -€54,410 | -11.4% |
| Current assets | 29/58 | €360,395 | €42,130 | -€318,265 | -88.3% |
| Amounts receivable within one year | 40/41 | €263,397 | €9,517 | -€253,881 | -96.4% |
| Trade receivables | 40 | €263,397 | €9,517 | -€253,881 | -96.4% |
| Cash at bank and in hand | 54/58 | €90,348 | €26,413 | -€63,935 | -70.8% |
| Deferred charges and accrued income | 490/1 | €6,649 | €6,200 | -€449 | -6.8% |
| Total equity and liabilities | 10/49 | €837,359 | €464,685 | -€372,674 | -44.5% |
| Equity | 10/15 | €318,055 | €53,560 | -€264,495 | -83.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €109,235 | €100,985 | -€8,250 | -7.6% |
| Tax-exempt reserves | 132 | €33,000 | €24,750 | -€8,250 | -25.0% |
| Distributable reserves | 133 | €76,235 | €76,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,228 | -€66,017 | -€256,245 | |
| Provisions and deferred taxes | 16 | €17,000 | €12,750 | -€4,250 | -25.0% |
| Deferred taxes | 168 | €17,000 | €12,750 | -€4,250 | -25.0% |
| Amounts payable | 17/49 | €502,305 | €398,375 | -€103,930 | -20.7% |
| Amounts payable within one year | 42/48 | €502,305 | €398,112 | -€104,193 | -20.7% |
| Trade debts | 44 | €315 | €16,909 | +€16,594 | +5,270% |
| Suppliers | 440/4 | €315 | €16,909 | +€16,594 | +5,270% |
| Taxes, remuneration and social security | 45 | €1,990 | €6,203 | +€4,213 | +212% |
| Taxes | 450/3 | €1,990 | €6,203 | +€4,213 | +212% |
| Other amounts payable | 47/48 | €500,000 | €375,000 | -€125,000 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €263 | +€263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,320 | €56,798 | +€478 | +0.8% |
| Other operating charges | 640/8 | €24,569 | €25,088 | +€518 | +2.1% |
| Gross operating margin | 9900 | €110,040 | €90,912 | -€19,128 | -17.4% |
| Operating profit (loss) | 9901 | €29,150 | €9,026 | -€20,125 | -69.0% |
| Financial income | 75/76B | €147,190 | €6,200 | -€140,990 | -95.8% |
| Recurring financial income | 75 | €6,195 | €6,200 | +€5 | +0.1% |
| Non-recurring financial income | 76B | €140,996 | - | -€140,996 | |
| Financial charges | 65/66B | €150 | €450 | +€300 | +200% |
| Recurring financial charges | 65 | €150 | €450 | +€300 | +200% |
| Profit (loss) for the period before taxes | 9903 | €176,191 | €14,775 | -€161,415 | -91.6% |
| Transfer from deferred taxes | 780 | €4,250 | €4,250 | = | 0.0% |
| Income taxes | 67/77 | €13,728 | €8,520 | -€5,208 | -37.9% |
| Profit (loss) for the period | 9904 | €166,713 | €10,505 | -€156,207 | -93.7% |
| Transfer from tax-exempt reserves | 789 | €8,250 | €8,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €174,963 | €18,755 | -€156,207 | -89.3% |
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 24 October 2026 via checked.be.