SGBB INVEST: 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.
SGBB INVEST
Largest movements
- Tangible fixed assets -€12,198
down €12,198 (-7.2%), from €170,585 to €158,387
of which Land and buildings: -€12,663
- Deferred charges and accrued income +€4,288
up €4,288 (+247%), from €1,736 to €6,024
- Profit (loss) carried forward +€6,958
up €6,958 (+19.4%), from €35,879 to €42,837
- Debts after one year -€6,740
down €6,740 (-38.1%), from €17,689 to €10,949
- Other debts -€5,464
down €5,464 (-9.9%), from €55,398 to €49,934
- Reserves -€3,210
down €3,210 (-11.8%), from €27,129 to €23,919
of which Tax-exempt reserves: -€3,210
- Financial income +€5,059
new in 2025: €5,059
of which Financial income: +€5,059
- Gross operating margin -€4,104
down €4,104 (-18.7%), from €21,995 to €17,891
- Depreciation +€1,125
up €1,125 (+8.1%), from €13,843 to €14,968
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 | €175,245 | €168,068 | -€7,176 | -4.1% |
| Fixed assets | 21/28 | €170,681 | €158,483 | -€12,198 | -7.1% |
| Tangible fixed assets | 22/27 | €170,585 | €158,387 | -€12,198 | -7.2% |
| Land and buildings | 22 | €168,319 | €155,655 | -€12,663 | -7.5% |
| Furniture and vehicles | 24 | €2,266 | €2,731 | +€465 | +20.5% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €4,563 | €9,585 | +€5,022 | +110% |
| Cash at bank and in hand | 54/58 | €2,828 | €3,561 | +€733 | +25.9% |
| Deferred charges and accrued income | 490/1 | €1,736 | €6,024 | +€4,288 | +247% |
| Total equity and liabilities | 10/49 | €175,245 | €168,068 | -€7,176 | -4.1% |
| Equity | 10/15 | €75,410 | €79,159 | +€3,749 | +5.0% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Capital | 10 | €12,403 | €12,403 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €27,129 | €23,919 | -€3,210 | -11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,269 | €22,059 | -€3,210 | -12.7% |
| Profit (loss) carried forward | 14 | €35,879 | €42,837 | +€6,958 | +19.4% |
| Provisions and deferred taxes | 16 | €14,838 | €13,490 | -€1,348 | -9.1% |
| Deferred taxes | 168 | €14,838 | €13,490 | -€1,348 | -9.1% |
| Amounts payable | 17/49 | €84,996 | €75,419 | -€9,577 | -11.3% |
| Amounts payable after more than one year | 17 | €17,689 | €10,949 | -€6,740 | -38.1% |
| Financial debts | 170/4 | €17,689 | €10,949 | -€6,740 | -38.1% |
| Amounts payable within one year | 42/48 | €67,307 | €62,927 | -€4,380 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €6,607 | €7,325 | +€718 | +10.9% |
| Trade debts | 44 | €2,726 | €3,091 | +€365 | +13.4% |
| Suppliers | 440/4 | €2,726 | €3,091 | +€365 | +13.4% |
| Taxes, remuneration and social security | 45 | €2,577 | €2,577 | +€1 | 0.0% |
| Taxes | 450/3 | €2,577 | €2,577 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €55,398 | €49,934 | -€5,464 | -9.9% |
| Accrued charges and deferred income | 492/3 | - | €1,543 | +€1,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,843 | €14,968 | +€1,125 | +8.1% |
| Other operating charges | 640/8 | €2,395 | €2,463 | +€68 | +2.8% |
| Gross operating margin | 9900 | €21,995 | €17,891 | -€4,104 | -18.7% |
| Operating profit (loss) | 9901 | €5,757 | €460 | -€5,297 | -92.0% |
| Financial income | 75/76B | - | €5,059 | +€5,059 | |
| Recurring financial income | 75 | - | €5,059 | +€5,059 | |
| Non-recurring financial income | 76B | - | €5,059 | +€5,059 | |
| Financial charges | 65/66B | €767 | €619 | -€148 | -19.3% |
| Recurring financial charges | 65 | €767 | €619 | -€148 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €4,990 | €4,900 | -€91 | -1.8% |
| Transfer from deferred taxes | 780 | €1,348 | €1,348 | = | 0.0% |
| Income taxes | 67/77 | €2,470 | €2,499 | +€29 | +1.2% |
| Profit (loss) for the period | 9904 | €3,868 | €3,749 | -€120 | -3.1% |
| Transfer from tax-exempt reserves | 789 | €3,210 | €3,210 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,078 | €6,958 | -€120 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.