SG-INVEST: 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-INVEST
Largest movements
- Current investments +€257,000
new in 2025: €257,000
- Cash -€92,943
down €92,943 (-89.6%), from €103,724 to €10,781
mainly Current investments (-€257,000) and Debts after one year (-€56,867)
- Receivables within one year -€26,740
down €26,740 (-62.4%), from €42,887 to €16,147
of which Other amounts receivable: -€39,289
- Profit (loss) carried forward +€173,129
up €173,129 (+75.9%), from €228,102 to €401,231
- Debts after one year -€56,867
down €56,867 (-18.2%), from €312,572 to €255,704
- Other debts +€28,335
up €28,335 (+4,578%), from €619 to €28,954
- Financial income -€14,238
down €14,238 (-8.6%), from €165,000 to €150,762
- Gross operating margin +€11,240
up €11,240 (+33.5%), from €33,586 to €44,825
- Taxes +€3,555
up €3,555 (+70.2%), from €5,063 to €8,618
- Financial charges -€3,096
down €3,096 (-21.0%), from €14,712 to €11,616
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 | €621,999 | €762,944 | +€140,944 | +22.7% |
| Fixed assets | 21/28 | €473,317 | €476,883 | +€3,566 | +0.8% |
| Tangible fixed assets | 22/27 | €5,317 | €8,883 | +€3,566 | +67.1% |
| Land and buildings | 22 | €1,786 | €1,574 | -€212 | -11.8% |
| Furniture and vehicles | 24 | €3,531 | €7,309 | +€3,778 | +107% |
| Financial fixed assets | 28 | €468,000 | €468,000 | = | 0.0% |
| Current assets | 29/58 | €148,683 | €286,060 | +€137,378 | +92.4% |
| Amounts receivable within one year | 40/41 | €42,887 | €16,147 | -€26,740 | -62.4% |
| Trade receivables | 40 | - | €12,548 | +€12,548 | |
| Other amounts receivable | 41 | €42,887 | €3,599 | -€39,289 | -91.6% |
| Current investments | 50/53 | - | €257,000 | +€257,000 | |
| Cash at bank and in hand | 54/58 | €103,724 | €10,781 | -€92,943 | -89.6% |
| Deferred charges and accrued income | 490/1 | €2,072 | €2,133 | +€61 | +2.9% |
| Total equity and liabilities | 10/49 | €621,999 | €762,944 | +€140,944 | +22.7% |
| Equity | 10/15 | €233,102 | €406,231 | +€173,129 | +74.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,102 | €401,231 | +€173,129 | +75.9% |
| Amounts payable | 17/49 | €388,897 | €356,712 | -€32,185 | -8.3% |
| Amounts payable after more than one year | 17 | €312,572 | €255,704 | -€56,867 | -18.2% |
| Financial debts | 170/4 | €312,572 | €255,704 | -€56,867 | -18.2% |
| Amounts payable within one year | 42/48 | €75,604 | €100,827 | +€25,223 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €63,837 | €56,867 | -€6,970 | -10.9% |
| Trade debts | 44 | €4,924 | €10,063 | +€5,139 | +104% |
| Suppliers | 440/4 | €4,924 | €10,063 | +€5,139 | +104% |
| Taxes, remuneration and social security | 45 | €6,224 | €4,943 | -€1,281 | -20.6% |
| Taxes | 450/3 | €6,224 | €4,943 | -€1,281 | -20.6% |
| Other amounts payable | 47/48 | €619 | €28,954 | +€28,335 | +4,578% |
| Accrued charges and deferred income | 492/3 | €722 | €180 | -€541 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €988 | €1,088 | +€100 | +10.1% |
| Other operating charges | 640/8 | €1,005 | €1,137 | +€132 | +13.1% |
| Gross operating margin | 9900 | €33,586 | €44,825 | +€11,240 | +33.5% |
| Operating profit (loss) | 9901 | €31,593 | €42,601 | +€11,008 | +34.8% |
| Financial income | 75/76B | €165,000 | €150,762 | -€14,238 | -8.6% |
| Recurring financial income | 75 | €165,000 | €150,762 | -€14,238 | -8.6% |
| Financial charges | 65/66B | €14,712 | €11,616 | -€3,096 | -21.0% |
| Recurring financial charges | 65 | €14,712 | €11,616 | -€3,096 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €181,881 | €181,747 | -€134 | -0.1% |
| Income taxes | 67/77 | €5,063 | €8,618 | +€3,555 | +70.2% |
| Profit (loss) for the period | 9904 | €176,818 | €173,129 | -€3,689 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €176,818 | €173,129 | -€3,689 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.