SG PARK: what changed
Two fiscal 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 PARK
Largest movements
- Tangible fixed assets -€44,304
down €44,304 (-4.5%), from €984,740 to €940,435
of which Land and buildings: -€43,287
- Cash -€13,718
down €13,718 (-73.4%), from €18,694 to €4,976
mainly Debts after one year (-€32,136) and Net result for the year (-€16,157)
- Debts after one year -€32,136
down €32,136 (-3.2%), from €997,997 to €965,860
of which Financial debts: -€34,959
- Profit (loss) carried forward -€16,157
down €16,157 (-18.0%), from -€89,910 to -€106,067
- Trade debts -€11,098
down €11,098 (-35.3%), from €31,415 to €20,317
- Gross operating margin +€8,007
up €8,007 (+14.9%), from €53,754 to €61,761
- Other operating charges +€918
up €918 (+5.8%), from €15,704 to €16,622
- Financial charges -€646
down €646 (-3.8%), from €17,180 to €16,534
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.
Cash bridge derived
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 | €1,007,606 | €949,221 | -€58,385 | -5.8% |
| Formation expenses | 20 | €793 | €334 | -€458 | -57.8% |
| Fixed assets | 21/28 | €984,740 | €940,435 | -€44,304 | -4.5% |
| Tangible fixed assets | 22/27 | €984,740 | €940,435 | -€44,304 | -4.5% |
| Land and buildings | 22 | €983,283 | €939,995 | -€43,287 | -4.4% |
| Plant, machinery and equipment | 23 | €1,457 | €440 | -€1,017 | -69.8% |
| Current assets | 29/58 | €22,074 | €8,451 | -€13,623 | -61.7% |
| Amounts receivable within one year | 40/41 | - | €40 | +€40 | |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €18,694 | €4,976 | -€13,718 | -73.4% |
| Deferred charges and accrued income | 490/1 | €3,380 | €3,435 | +€55 | +1.6% |
| Total equity and liabilities | 10/49 | €1,007,606 | €949,221 | -€58,385 | -5.8% |
| Equity | 10/15 | -€74,910 | -€91,067 | -€16,157 | -21.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,910 | -€106,067 | -€16,157 | -18.0% |
| Amounts payable | 17/49 | €1,082,516 | €1,040,288 | -€42,228 | -3.9% |
| Amounts payable after more than one year | 17 | €997,997 | €965,860 | -€32,136 | -3.2% |
| Financial debts | 170/4 | €983,174 | €948,214 | -€34,959 | -3.6% |
| Other amounts payable | 178/9 | €14,823 | €17,646 | +€2,823 | +19.0% |
| Amounts payable within one year | 42/48 | €79,119 | €69,028 | -€10,092 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €44,143 | €44,959 | +€816 | +1.8% |
| Trade debts | 44 | €31,415 | €20,317 | -€11,098 | -35.3% |
| Suppliers | 440/4 | €31,415 | €20,317 | -€11,098 | -35.3% |
| Taxes, remuneration and social security | 45 | €3,561 | €3,752 | +€191 | +5.4% |
| Taxes | 450/3 | €3,561 | €3,752 | +€191 | +5.4% |
| Accrued charges and deferred income | 492/3 | €5,400 | €5,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,483 | €44,762 | +€279 | +0.6% |
| Other operating charges | 640/8 | €15,704 | €16,622 | +€918 | +5.8% |
| Gross operating margin | 9900 | €53,754 | €61,761 | +€8,007 | +14.9% |
| Operating profit (loss) | 9901 | -€6,433 | €376 | +€6,809 | |
| Financial income | 75/76B | €129 | €0 | -€129 | -100.0% |
| Recurring financial income | 75 | €129 | €0 | -€129 | -100.0% |
| Financial charges | 65/66B | €17,180 | €16,534 | -€646 | -3.8% |
| Recurring financial charges | 65 | €17,180 | €16,534 | -€646 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,485 | -€16,157 | +€7,327 | +31.2% |
| Profit (loss) for the period | 9904 | -€23,485 | -€16,157 | +€7,327 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,485 | -€16,157 | +€7,327 | +31.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.