SG MANAGEMENT & PARTNERS: what changed
What changed
SG MANAGEMENT & PARTNERS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€194,017
2024 · €346,727-€152,710
Equity
€559,832
2024 · €365,815+€194,017
Cash
€10,364
2024 · €86,413-€76,049
Balance sheet total
€5.9m
2024 · €5.9m-€67,225
Largest movements
Assets
- Receivables within one year -€330,804
down €330,804 (-8.1%), from €4.1m to €3.8m
of which Trade receivables: -€1.6m
- Financial fixed assets +€254,200
new in 2025: €254,200
- Cash -€76,049
down €76,049 (-88.0%), from €86,413 to €10,364
mainly Investment in fixed assets (net) (-€355,745) and Tax, wage and social debts (-€155,745)
Equity and liabilities
- Profit (loss) carried forward +€194,017
up €194,017 (+55.0%), from €352,815 to €546,832
- Tax, wage and social debts -€155,745
down €155,745 (-50.3%), from €309,467 to €153,722
of which Taxes: -€154,291
- Other debts -€115,971
down €115,971 (-3.0%), from €3.8m to €3.7m
Income statement
- Financial charges +€119,339
up €119,339 (+208%), from €57,267 to €176,606
- Gross operating margin -€94,633
down €94,633 (-12.4%), from €765,691 to €671,058
- Other operating charges +€41,339
up €41,339 (+36.6%), from €112,940 to €154,279
- Taxes -€41,005
down €41,005 (-28.3%), from €145,084 to €104,080
- Depreciation -€40,125
down €40,125 (-40.4%), from €99,244 to €59,119
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€346,727
Gross operating margin
-€94,633
Staff costs
+€8,192
Depreciation
+€40,125
Other operating charges
-€41,339
Financial income
+€13,280
Financial charges
-€119,339
Taxes
+€41,005
Result 2025
€194,017
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€289,145
Investment
-€355,745
Financing
-€9,450
Cash 2024
€86,413
From operations (derived)
+€289,145
Net result for the year
+€194,017
Depreciation
+€59,119
Receivables within one year
+€330,804
Deferred charges and accrued income
-€43,001
Trade debts
+€19,924
Tax, wage and social debts
-€155,745
Other debts
-€115,971
Investment (derived)
-€355,745
Investment in fixed assets (net)
-€355,745
Financing
-€9,450
Debts after one year
-€40,780
Current portion of long-term debt
+€31,331
Cash 2025
€10,364
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,932,133 | €5,864,908 | -€67,225 | -1.1% |
| Fixed assets | 21/28 | €1,756,820 | €2,053,446 | +€296,626 | +16.9% |
| Tangible fixed assets | 22/27 | €1,756,820 | €1,799,246 | +€42,426 | +2.4% |
| Land and buildings | 22 | €1,746,238 | €1,696,541 | -€49,697 | -2.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,402 | €23,950 | +€19,548 | +444% |
| Other tangible fixed assets | 26 | €6,180 | €78,754 | +€72,575 | +1,174% |
| Financial fixed assets | 28 | - | €254,200 | +€254,200 | |
| Current assets | 29/58 | €4,175,313 | €3,811,462 | -€363,851 | -8.7% |
| Amounts receivable within one year | 40/41 | €4,080,933 | €3,750,130 | -€330,804 | -8.1% |
| Trade receivables | 40 | €3,587,573 | €1,948,721 | -€1.6m | -45.7% |
| Other amounts receivable | 41 | €493,360 | €1,801,409 | +€1.3m | +265% |
| Cash at bank and in hand | 54/58 | €86,413 | €10,364 | -€76,049 | -88.0% |
| Deferred charges and accrued income | 490/1 | €7,967 | €50,968 | +€43,001 | +540% |
| Total equity and liabilities | 10/49 | €5,932,133 | €5,864,908 | -€67,225 | -1.1% |
| Equity | 10/15 | €365,815 | €559,832 | +€194,017 | +53.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,815 | €546,832 | +€194,017 | +55.0% |
| Amounts payable | 17/49 | €5,566,318 | €5,305,076 | -€261,242 | -4.7% |
| Amounts payable after more than one year | 17 | €1,028,130 | €987,350 | -€40,780 | -4.0% |
| Financial debts | 170/4 | €1,028,130 | €987,350 | -€40,780 | -4.0% |
| Amounts payable within one year | 42/48 | €4,538,188 | €4,317,726 | -€220,462 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €126,851 | €158,182 | +€31,331 | +24.7% |
| Trade debts | 44 | €264,639 | €284,563 | +€19,924 | +7.5% |
| Suppliers | 440/4 | €264,639 | €284,563 | +€19,924 | +7.5% |
| Taxes, remuneration and social security | 45 | €309,467 | €153,722 | -€155,745 | -50.3% |
| Taxes | 450/3 | €307,555 | €153,264 | -€154,291 | -50.2% |
| Remuneration and social security | 454/9 | €1,913 | €458 | -€1,455 | -76.1% |
| Other amounts payable | 47/48 | €3,837,230 | €3,721,259 | -€115,971 | -3.0% |
| Remuneration, social security and pensions | 62 | €8,192 | €0 | -€8,192 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,244 | €59,119 | -€40,125 | -40.4% |
| Other operating charges | 640/8 | €112,940 | €154,279 | +€41,339 | +36.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €765,691 | €671,058 | -€94,633 | -12.4% |
| Operating profit (loss) | 9901 | €545,315 | €457,660 | -€87,655 | -16.1% |
| Financial income | 75/76B | €3,762 | €17,042 | +€13,280 | +353% |
| Recurring financial income | 75 | €3,762 | €17,042 | +€13,280 | +353% |
| Financial charges | 65/66B | €57,267 | €176,606 | +€119,339 | +208% |
| Recurring financial charges | 65 | €57,267 | €176,606 | +€119,339 | +208% |
| Profit (loss) for the period before taxes | 9903 | €491,811 | €298,096 | -€193,714 | -39.4% |
| Income taxes | 67/77 | €145,084 | €104,080 | -€41,005 | -28.3% |
| Profit (loss) for the period | 9904 | €346,727 | €194,017 | -€152,710 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €346,727 | €194,017 | -€152,710 | -44.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.