SGB CONSULTING: 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.
SGB CONSULTING
Largest movements
- Cash +€15,482
up €15,482 (+8.7%), from €177,852 to €193,334
mainly Net result for the year (+€36,840) and Other debts (+€3,051)
- Tangible fixed assets +€11,998
up €11,998 (+481%), from €2,492 to €14,490
of which Furniture and vehicles: +€12,468
- Receivables within one year +€3,460
up €3,460 (+14.9%), from €23,218 to €26,678
of which Other amounts receivable: +€3,272
- Reserves +€27,839
up €27,839 (+16.4%), from €170,108 to €197,947
- Other debts +€3,051
up €3,051 (+57.7%), from €5,292 to €8,343
- Gross operating margin +€11,221
up €11,221 (+25.5%), from €43,983 to €55,203
- Taxes +€3,529
up €3,529 (+31.4%), from €11,233 to €14,761
- Depreciation +€1,019
up €1,019 (+65.6%), from €1,554 to €2,573
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 | €207,923 | €238,876 | +€30,953 | +14.9% |
| Fixed assets | 21/28 | €2,492 | €14,490 | +€11,998 | +481% |
| Tangible fixed assets | 22/27 | €2,492 | €14,490 | +€11,998 | +481% |
| Plant, machinery and equipment | 23 | €946 | €476 | -€470 | -49.7% |
| Furniture and vehicles | 24 | €1,546 | €14,014 | +€12,468 | +807% |
| Current assets | 29/58 | €205,431 | €224,386 | +€18,956 | +9.2% |
| Amounts receivable within one year | 40/41 | €23,218 | €26,678 | +€3,460 | +14.9% |
| Trade receivables | 40 | €18,706 | €18,893 | +€187 | +1.0% |
| Other amounts receivable | 41 | €4,513 | €7,785 | +€3,272 | +72.5% |
| Cash at bank and in hand | 54/58 | €177,852 | €193,334 | +€15,482 | +8.7% |
| Deferred charges and accrued income | 490/1 | €4,360 | €4,374 | +€13 | +0.3% |
| Total equity and liabilities | 10/49 | €207,923 | €238,876 | +€30,953 | +14.9% |
| Equity | 10/15 | €190,709 | €218,548 | +€27,839 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,108 | €197,947 | +€27,839 | +16.4% |
| Distributable reserves | 133 | €170,108 | €197,947 | +€27,839 | +16.4% |
| Profit (loss) carried forward | 14 | €2,001 | €2,001 | = | 0.0% |
| Amounts payable | 17/49 | €17,214 | €20,328 | +€3,114 | +18.1% |
| Amounts payable within one year | 42/48 | €17,202 | €20,328 | +€3,125 | +18.2% |
| Trade debts | 44 | €1,959 | €442 | -€1,517 | -77.4% |
| Suppliers | 440/4 | €1,959 | €442 | -€1,517 | -77.4% |
| Taxes, remuneration and social security | 45 | €9,952 | €11,543 | +€1,591 | +16.0% |
| Taxes | 450/3 | €9,952 | €11,543 | +€1,591 | +16.0% |
| Other amounts payable | 47/48 | €5,292 | €8,343 | +€3,051 | +57.7% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554 | €2,573 | +€1,019 | +65.6% |
| Other operating charges | 640/8 | €809 | €743 | -€66 | -8.2% |
| Gross operating margin | 9900 | €43,983 | €55,203 | +€11,221 | +25.5% |
| Operating profit (loss) | 9901 | €41,620 | €51,888 | +€10,268 | +24.7% |
| Financial income | 75/76B | €294 | €332 | +€38 | +13.1% |
| Recurring financial income | 75 | €294 | €332 | +€38 | +13.1% |
| Financial charges | 65/66B | €814 | €618 | -€196 | -24.0% |
| Recurring financial charges | 65 | €814 | €618 | -€196 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €41,100 | €51,602 | +€10,502 | +25.6% |
| Income taxes | 67/77 | €11,233 | €14,761 | +€3,529 | +31.4% |
| Profit (loss) for the period | 9904 | €29,867 | €36,840 | +€6,973 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,867 | €36,840 | +€6,973 | +23.3% |
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 27 October 2026 via checked.be.