SG Retail Brussels: 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 Retail Brussels
Largest movements
- Receivables within one year +€98,951
up €98,951 (+344%), from €28,741 to €127,693
of which Other amounts receivable: +€95,657
- Cash -€19,941
down €19,941 (-9.6%), from €206,643 to €186,702
mainly Other debts (-€249,355) and Receivables within one year (-€98,951)
- Stocks and contracts +€14,466
up €14,466 (+12.2%), from €118,851 to €133,317
- Trade debts +€341,202
up €341,202 (+369%), from €92,398 to €433,600
- Other debts -€249,355
down €249,355 (-71.6%), from €348,149 to €98,794
- Gross operating margin +€41,852
up €41,852 (+21.0%), from €199,114 to €240,967
- Staff costs +€31,261
up €31,261 (+19.9%), from €157,465 to €188,727
- Financial charges +€13,806
up €13,806 (+94.7%), from €14,585 to €28,392
- Financial income +€9,826
up €9,826 (+15,506%), from €63 to €9,890
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 | €477,373 | €579,126 | +€101,753 | +21.3% |
| Fixed assets | 21/28 | €88,279 | €92,748 | +€4,469 | +5.1% |
| Tangible fixed assets | 22/27 | €5,779 | €10,248 | +€4,469 | +77.3% |
| Plant, machinery and equipment | 23 | €5,779 | €4,334 | -€1,445 | -25.0% |
| Other tangible fixed assets | 26 | - | €5,914 | +€5,914 | |
| Financial fixed assets | 28 | €82,500 | €82,500 | = | 0.0% |
| Current assets | 29/58 | €389,094 | €486,378 | +€97,284 | +25.0% |
| Stocks and contracts in progress | 3 | €118,851 | €133,317 | +€14,466 | +12.2% |
| Stocks | 30/36 | €118,851 | €133,317 | +€14,466 | +12.2% |
| Amounts receivable within one year | 40/41 | €28,741 | €127,693 | +€98,951 | +344% |
| Trade receivables | 40 | - | €3,294 | +€3,294 | |
| Other amounts receivable | 41 | €28,741 | €124,398 | +€95,657 | +333% |
| Cash at bank and in hand | 54/58 | €206,643 | €186,702 | -€19,941 | -9.6% |
| Deferred charges and accrued income | 490/1 | €34,859 | €38,666 | +€3,807 | +10.9% |
| Total equity and liabilities | 10/49 | €477,373 | €579,126 | +€101,753 | +21.3% |
| Equity | 10/15 | €4,566 | €7,748 | +€3,182 | +69.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €2,748 | +€2,748 | |
| Distributable reserves | 133 | - | €2,748 | +€2,748 | |
| Profit (loss) carried forward | 14 | -€434 | €0 | +€434 | |
| Amounts payable | 17/49 | €472,807 | €571,378 | +€98,571 | +20.8% |
| Amounts payable within one year | 42/48 | €472,807 | €565,943 | +€93,137 | +19.7% |
| Trade debts | 44 | €92,398 | €433,600 | +€341,202 | +369% |
| Suppliers | 440/4 | €92,398 | €433,600 | +€341,202 | +369% |
| Taxes, remuneration and social security | 45 | €32,259 | €33,549 | +€1,290 | +4.0% |
| Taxes | 450/3 | €15,639 | €11,312 | -€4,328 | -27.7% |
| Remuneration and social security | 454/9 | €16,620 | €22,238 | +€5,618 | +33.8% |
| Other amounts payable | 47/48 | €348,149 | €98,794 | -€249,355 | -71.6% |
| Accrued charges and deferred income | 492/3 | - | €5,434 | +€5,434 | |
| Remuneration, social security and pensions | 62 | €157,465 | €188,727 | +€31,261 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,445 | €2,184 | +€739 | +51.2% |
| Other operating charges | 640/8 | €25,116 | €25,721 | +€605 | +2.4% |
| Gross operating margin | 9900 | €199,114 | €240,967 | +€41,852 | +21.0% |
| Operating profit (loss) | 9901 | €15,088 | €24,335 | +€9,247 | +61.3% |
| Financial income | 75/76B | €63 | €9,890 | +€9,826 | +15,506% |
| Recurring financial income | 75 | €63 | €9,890 | +€9,826 | +15,506% |
| Financial charges | 65/66B | €14,585 | €28,392 | +€13,806 | +94.7% |
| Recurring financial charges | 65 | €14,585 | €28,392 | +€13,806 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €566 | €5,833 | +€5,267 | +930% |
| Income taxes | 67/77 | €1,000 | €2,651 | +€1,651 | +165% |
| Profit (loss) for the period | 9904 | -€434 | €3,182 | +€3,616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€434 | €3,182 | +€3,616 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.