SG5: 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.
SG5
Largest movements
- Cash +€21,266
up €21,266 (+190%), from €11,216 to €32,482
mainly Net result for the year (+€9,246) and Other debts (+€5,557)
- Tangible fixed assets -€2,466
down €2,466 (-69.1%), from €3,568 to €1,102
- Reserves +€8,900
new in 2025: €8,900
- Other debts +€5,557
up €5,557 (+45.7%), from €12,164 to €17,721
- Tax, wage and social debts +€3,959
up €3,959 (+163%), from €2,423 to €6,382
of which Taxes: +€3,273
- Profit (loss) carried forward +€346
up €346, from -€231 to €115
- Gross operating margin +€21,505
up €21,505 (+476%), from €4,514 to €26,019
- Staff costs +€8,484
up €8,484 (+451%), from €1,880 to €10,364
- Taxes +€3,468
up €3,468 (+991%), from €350 to €3,818
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 | €14,890 | €33,901 | +€19,011 | +128% |
| Fixed assets | 21/28 | €3,568 | €1,102 | -€2,466 | -69.1% |
| Tangible fixed assets | 22/27 | €3,568 | €1,102 | -€2,466 | -69.1% |
| Furniture and vehicles | 24 | €3,568 | €1,102 | -€2,466 | -69.1% |
| Current assets | 29/58 | €11,321 | €32,798 | +€21,477 | +190% |
| Amounts receivable within one year | 40/41 | €105 | €316 | +€211 | +201% |
| Other amounts receivable | 41 | €105 | €316 | +€211 | +201% |
| Cash at bank and in hand | 54/58 | €11,216 | €32,482 | +€21,266 | +190% |
| Total equity and liabilities | 10/49 | €14,890 | €33,901 | +€19,011 | +128% |
| Equity | 10/15 | -€231 | €9,015 | +€9,246 | |
| Reserves | 13 | - | €8,900 | +€8,900 | |
| Distributable reserves | 133 | - | €8,900 | +€8,900 | |
| Profit (loss) carried forward | 14 | -€231 | €115 | +€346 | |
| Amounts payable | 17/49 | €15,120 | €24,885 | +€9,765 | +64.6% |
| Amounts payable within one year | 42/48 | €15,120 | €24,885 | +€9,765 | +64.6% |
| Trade debts | 44 | €533 | €782 | +€249 | +46.6% |
| Suppliers | 440/4 | €533 | €782 | +€249 | +46.6% |
| Taxes, remuneration and social security | 45 | €2,423 | €6,382 | +€3,959 | +163% |
| Taxes | 450/3 | €2,423 | €5,696 | +€3,273 | +135% |
| Remuneration and social security | 454/9 | - | €686 | +€686 | |
| Other amounts payable | 47/48 | €12,164 | €17,721 | +€5,557 | +45.7% |
| Remuneration, social security and pensions | 62 | €1,880 | €10,364 | +€8,484 | +451% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,466 | €2,466 | -€0 | 0.0% |
| Gross operating margin | 9900 | €4,514 | €26,019 | +€21,505 | +476% |
| Operating profit (loss) | 9901 | €168 | €13,189 | +€13,021 | +7,734% |
| Financial charges | 65/66B | €91 | €125 | +€34 | +36.7% |
| Recurring financial charges | 65 | €91 | €125 | +€34 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €77 | €13,064 | +€12,987 | +16,858% |
| Income taxes | 67/77 | €350 | €3,818 | +€3,468 | +991% |
| Profit (loss) for the period | 9904 | -€273 | €9,246 | +€9,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€273 | €9,246 | +€9,519 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.