SGa CONSULT: 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.
SGa CONSULT
Largest movements
- Intangible fixed assets +€117,659
new in 2025: €117,659
- Receivables within one year -€39,561
down €39,561 (-69.1%), from €57,230 to €17,668
of which Trade receivables: -€42,306
- Debts after one year +€108,184
new in 2025: €108,184
- Profit (loss) carried forward -€35,329
down €35,329 (-19.2%), from €183,938 to €148,608
- Current portion of long-term debt +€11,476
new in 2025: €11,476
- Trade debts -€4,871
down €4,871 (-28.4%), from €17,139 to €12,269
- Gross operating margin +€51,676
up €51,676 (+68.4%), from €75,571 to €127,247
- Depreciation +€13,073
new in 2025: €13,073
- Taxes +€7,263
up €7,263 (+42.7%), from €17,026 to €24,289
- Financial charges +€4,149
up €4,149 (+152%), from €2,721 to €6,870
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 | €256,232 | €333,227 | +€76,995 | +30.0% |
| Fixed assets | 21/28 | - | €117,659 | +€117,659 | |
| Intangible fixed assets | 21 | - | €117,659 | +€117,659 | |
| Current assets | 29/58 | €256,232 | €215,568 | -€40,664 | -15.9% |
| Amounts receivable within one year | 40/41 | €57,230 | €17,668 | -€39,561 | -69.1% |
| Trade receivables | 40 | €57,020 | €14,714 | -€42,306 | -74.2% |
| Other amounts receivable | 41 | €210 | €2,955 | +€2,745 | +1,309% |
| Cash at bank and in hand | 54/58 | €199,002 | €197,649 | -€1,353 | -0.7% |
| Deferred charges and accrued income | 490/1 | - | €251 | +€251 | |
| Total equity and liabilities | 10/49 | €256,232 | €333,227 | +€76,995 | +30.0% |
| Equity | 10/15 | €186,438 | €151,108 | -€35,329 | -18.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,938 | €148,608 | -€35,329 | -19.2% |
| Amounts payable | 17/49 | €69,794 | €182,119 | +€112,324 | +161% |
| Amounts payable after more than one year | 17 | - | €108,184 | +€108,184 | |
| Financial debts | 170/4 | - | €108,184 | +€108,184 | |
| Amounts payable within one year | 42/48 | €69,794 | €73,935 | +€4,141 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,476 | +€11,476 | |
| Trade debts | 44 | €17,139 | €12,269 | -€4,871 | -28.4% |
| Suppliers | 440/4 | €17,139 | €12,269 | -€4,871 | -28.4% |
| Taxes, remuneration and social security | 45 | €52,655 | €49,699 | -€2,956 | -5.6% |
| Taxes | 450/3 | €48,728 | €49,616 | +€888 | +1.8% |
| Remuneration and social security | 454/9 | €3,927 | €84 | -€3,843 | -97.9% |
| Other amounts payable | 47/48 | - | €491 | +€491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,073 | +€13,073 | |
| Other operating charges | 640/8 | €1,463 | €696 | -€766 | -52.4% |
| Gross operating margin | 9900 | €75,571 | €127,247 | +€51,676 | +68.4% |
| Operating profit (loss) | 9901 | €74,108 | €113,478 | +€39,369 | +53.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,721 | €6,870 | +€4,149 | +152% |
| Recurring financial charges | 65 | €2,721 | €6,870 | +€4,149 | +152% |
| Profit (loss) for the period before taxes | 9903 | €71,387 | €106,608 | +€35,221 | +49.3% |
| Income taxes | 67/77 | €17,026 | €24,289 | +€7,263 | +42.7% |
| Profit (loss) for the period | 9904 | €54,361 | €82,318 | +€27,958 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,361 | €82,318 | +€27,958 | +51.4% |
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 21 October 2026 via checked.be.