SG Installatiebedrijf: 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 Installatiebedrijf
Largest movements
- Receivables within one year +€26,495
up €26,495 (+213%), from €12,430 to €38,925
of which Other amounts receivable: +€16,061
- Cash +€4,061
up €4,061 (+37.6%), from €10,798 to €14,859
mainly Net result for the year (+€16,293) and Tax, wage and social debts (+€12,977)
- Tangible fixed assets +€818
new in 2025: €818
- Reserves +€16,293
up €16,293 (+190%), from €8,572 to €24,864
- Tax, wage and social debts +€12,977
up €12,977 (+314%), from €4,130 to €17,107
of which Remuneration and social security: +€8,016
- Trade debts +€2,112
up €2,112 (+35.2%), from €6,003 to €8,115
- Gross operating margin +€12,309
up €12,309 (+99.8%), from €12,329 to €24,638
- Financial charges +€2,884
up €2,884 (+1,138%), from €253 to €3,137
- Taxes +€2,052
up €2,052 (+73.9%), from €2,775 to €4,828
- Financial income +€681
up €681 (+323%), from €211 to €891
- Depreciation +€338
new in 2025: €338
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 | €23,705 | €55,087 | +€31,382 | +132% |
| Fixed assets | 21/28 | - | €818 | +€818 | |
| Tangible fixed assets | 22/27 | - | €818 | +€818 | |
| Furniture and vehicles | 24 | - | €818 | +€818 | |
| Current assets | 29/58 | €23,705 | €54,268 | +€30,564 | +129% |
| Amounts receivable within one year | 40/41 | €12,430 | €38,925 | +€26,495 | +213% |
| Trade receivables | 40 | €5,874 | €16,308 | +€10,434 | +178% |
| Other amounts receivable | 41 | €6,556 | €22,617 | +€16,061 | +245% |
| Cash at bank and in hand | 54/58 | €10,798 | €14,859 | +€4,061 | +37.6% |
| Deferred charges and accrued income | 490/1 | €477 | €485 | +€8 | +1.6% |
| Total equity and liabilities | 10/49 | €23,705 | €55,087 | +€31,382 | +132% |
| Equity | 10/15 | €13,572 | €29,864 | +€16,293 | +120% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,572 | €24,864 | +€16,293 | +190% |
| Distributable reserves | 133 | €8,572 | €24,864 | +€16,293 | +190% |
| Amounts payable | 17/49 | €10,133 | €25,222 | +€15,089 | +149% |
| Amounts payable within one year | 42/48 | €10,133 | €25,222 | +€15,089 | +149% |
| Trade debts | 44 | €6,003 | €8,115 | +€2,112 | +35.2% |
| Suppliers | 440/4 | €6,003 | €8,115 | +€2,112 | +35.2% |
| Taxes, remuneration and social security | 45 | €4,130 | €17,107 | +€12,977 | +314% |
| Taxes | 450/3 | €4,130 | €9,091 | +€4,961 | +120% |
| Remuneration and social security | 454/9 | - | €8,016 | +€8,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €338 | +€338 | |
| Other operating charges | 640/8 | €940 | €934 | -€6 | -0.6% |
| Gross operating margin | 9900 | €12,329 | €24,638 | +€12,309 | +99.8% |
| Operating profit (loss) | 9901 | €11,390 | €23,366 | +€11,977 | +105% |
| Financial income | 75/76B | €211 | €891 | +€681 | +323% |
| Recurring financial income | 75 | €211 | €891 | +€681 | +323% |
| Financial charges | 65/66B | €253 | €3,137 | +€2,884 | +1,138% |
| Recurring financial charges | 65 | €253 | €3,137 | +€2,884 | +1,138% |
| Profit (loss) for the period before taxes | 9903 | €11,347 | €21,120 | +€9,773 | +86.1% |
| Income taxes | 67/77 | €2,775 | €4,828 | +€2,052 | +73.9% |
| Profit (loss) for the period | 9904 | €8,572 | €16,293 | +€7,721 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,572 | €16,293 | +€7,721 | +90.1% |
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 28 October 2026 via checked.be.