SG Perf: 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 Perf
Largest movements
- Cash -€31,154
down €31,154 (-12.7%), from €244,988 to €213,834
mainly Contributions, distributions and other (-€175,665) and Stocks and contracts (-€13,451)
- Stocks and contracts +€13,451
new in 2025: €13,451
- Receivables within one year -€6,497
down €6,497 (-73.7%), from €8,821 to €2,323
- Tangible fixed assets +€3,269
up €3,269 (+41.2%), from €7,945 to €11,214
of which Assets under construction and advance payments: +€4,047
- Reserves -€44,000
down €44,000 (-30.4%), from €144,600 to €100,600
of which Distributable reserves: -€44,000
- Other debts +€25,904
up €25,904 (+23.0%), from €112,595 to €138,498
- Tax, wage and social debts -€3,483
down €3,483 (-22.3%), from €15,608 to €12,125
- Gross operating margin +€40,305
up €40,305 (+30.0%), from €134,396 to €174,701
- Taxes +€17,743
up €17,743 (+84.8%), from €20,934 to €38,677
- Depreciation -€2,239
down €2,239 (-39.2%), from €5,715 to €3,477
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 | €283,251 | €260,841 | -€22,411 | -7.9% |
| Fixed assets | 21/28 | €7,945 | €11,214 | +€3,269 | +41.2% |
| Tangible fixed assets | 22/27 | €7,945 | €11,214 | +€3,269 | +41.2% |
| Furniture and vehicles | 24 | €7,945 | €7,167 | -€777 | -9.8% |
| Assets under construction and advance payments | 27 | - | €4,047 | +€4,047 | |
| Current assets | 29/58 | €275,307 | €249,627 | -€25,680 | -9.3% |
| Stocks and contracts in progress | 3 | - | €13,451 | +€13,451 | |
| Stocks | 30/36 | - | €13,451 | +€13,451 | |
| Amounts receivable within one year | 40/41 | €8,821 | €2,323 | -€6,497 | -73.7% |
| Other amounts receivable | 41 | €8,821 | €2,323 | -€6,497 | -73.7% |
| Cash at bank and in hand | 54/58 | €244,988 | €213,834 | -€31,154 | -12.7% |
| Deferred charges and accrued income | 490/1 | €21,498 | €20,019 | -€1,479 | -6.9% |
| Total equity and liabilities | 10/49 | €283,251 | €260,841 | -€22,411 | -7.9% |
| Equity | 10/15 | €150,600 | €106,600 | -€44,000 | -29.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €144,600 | €100,600 | -€44,000 | -30.4% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €144,000 | €100,000 | -€44,000 | -30.6% |
| Amounts payable | 17/49 | €132,651 | €154,241 | +€21,589 | +16.3% |
| Amounts payable within one year | 42/48 | €132,651 | €154,241 | +€21,589 | +16.3% |
| Trade debts | 44 | €4,449 | €3,618 | -€831 | -18.7% |
| Suppliers | 440/4 | €4,449 | €3,618 | -€831 | -18.7% |
| Taxes, remuneration and social security | 45 | €15,608 | €12,125 | -€3,483 | -22.3% |
| Taxes | 450/3 | €15,608 | €12,125 | -€3,483 | -22.3% |
| Other amounts payable | 47/48 | €112,595 | €138,498 | +€25,904 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,715 | €3,477 | -€2,239 | -39.2% |
| Other operating charges | 640/8 | €510 | €782 | +€271 | +53.2% |
| Gross operating margin | 9900 | €134,396 | €174,701 | +€40,305 | +30.0% |
| Operating profit (loss) | 9901 | €128,170 | €170,443 | +€42,273 | +33.0% |
| Financial income | 75/76B | €4 | €10 | +€6 | +149.4% |
| Recurring financial income | 75 | €4 | €10 | +€6 | +149.4% |
| Financial charges | 65/66B | €88 | €111 | +€23 | +25.8% |
| Recurring financial charges | 65 | €88 | €111 | +€23 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €128,086 | €170,342 | +€42,256 | +33.0% |
| Income taxes | 67/77 | €20,934 | €38,677 | +€17,743 | +84.8% |
| Profit (loss) for the period | 9904 | €107,152 | €131,665 | +€24,513 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,152 | €131,665 | +€24,513 | +22.9% |
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 4 October 2026 via checked.be.