SG7: 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.
SG7
Largest movements
- Tangible fixed assets -€55,671
down €55,671 (-9.4%), from €594,423 to €538,752
of which Land and buildings: -€55,523
- Receivables within one year +€19,540
up €19,540 (+29.6%), from €65,979 to €85,519
of which Other amounts receivable: +€19,561
- Deferred charges and accrued income +€10,335
up €10,335 (+943.5%), from €1,095 to €11,430
- Tax, wage and social debts -€38,000
down €38,000 (-95.3%), from €39,890 to €1,890
- Profit (loss) carried forward +€34,730
up €34,730 (+17.8%), from -€195,387 to -€160,656
- Other debts -€30,016
down €30,016 (-46.2%), from €64,935 to €34,918
- Current portion of long-term debt +€7,133
up €7,133 (+17.0%), from €41,961 to €49,094
- Gross operating margin +€47,852
up €47,852 (+58.0%), from €82,553 to €130,406
- Taxes -€39,206
down €39,206 (-100.0%), from €39,206 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €661,906 | €638,477 | -€23,429 | -3.5% |
| Formation expenses | 20 | €294 | €0 | -€294 | -100.0% |
| Fixed assets | 21/28 | €594,423 | €538,752 | -€55,671 | -9.4% |
| Tangible fixed assets | 22/27 | €594,423 | €538,752 | -€55,671 | -9.4% |
| Land and buildings | 22 | €593,048 | €537,525 | -€55,523 | -9.4% |
| Plant, machinery and equipment | 23 | €1,374 | €1,227 | -€147 | -10.7% |
| Current assets | 29/58 | €67,189 | €99,725 | +€32,536 | +48.4% |
| Amounts receivable within one year | 40/41 | €65,979 | €85,519 | +€19,540 | +29.6% |
| Trade receivables | 40 | €21 | €0 | -€21 | -100.0% |
| Other amounts receivable | 41 | €65,958 | €85,519 | +€19,561 | +29.7% |
| Cash at bank and in hand | 54/58 | €115 | €2,775 | +€2,661 | +2323.0% |
| Deferred charges and accrued income | 490/1 | €1,095 | €11,430 | +€10,335 | +943.5% |
| Total equity and liabilities | 10/49 | €661,906 | €638,477 | -€23,429 | -3.5% |
| Equity | 10/15 | -€145,387 | -€110,656 | +€34,730 | +23.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,387 | -€160,656 | +€34,730 | +17.8% |
| Amounts payable | 17/49 | €807,292 | €749,133 | -€58,159 | -7.2% |
| Amounts payable after more than one year | 17 | €648,776 | €649,481 | +€705 | +0.1% |
| Financial debts | 170/4 | €648,776 | €649,481 | +€705 | +0.1% |
| Amounts payable within one year | 42/48 | €158,516 | €99,652 | -€58,864 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €41,961 | €49,094 | +€7,133 | +17.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,731 | €13,750 | +€2,020 | +17.2% |
| Suppliers | 440/4 | €11,731 | €13,750 | +€2,020 | +17.2% |
| Taxes, remuneration and social security | 45 | €39,890 | €1,890 | -€38,000 | -95.3% |
| Taxes | 450/3 | €39,890 | €1,890 | -€38,000 | -95.3% |
| Other amounts payable | 47/48 | €64,935 | €34,918 | -€30,016 | -46.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,941 | €55,965 | +€24 | 0.0% |
| Other operating charges | 640/8 | €12,290 | €11,974 | -€316 | -2.6% |
| Non-recurring operating charges | 66A | - | €9,912 | +€9,912 | |
| Gross operating margin | 9900 | €82,553 | €130,406 | +€47,852 | +58.0% |
| Operating profit (loss) | 9901 | €14,322 | €52,556 | +€38,234 | +267.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €17,018 | €17,825 | +€807 | +4.7% |
| Recurring financial charges | 65 | €17,018 | €17,825 | +€807 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,696 | €34,730 | +€37,426 | |
| Income taxes | 67/77 | €39,206 | €0 | -€39,206 | -100.0% |
| Profit (loss) for the period | 9904 | -€41,902 | €34,730 | +€76,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,902 | €34,730 | +€76,632 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.