SGC 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.
SGC Consulting
Largest movements
- Current investments +€75,000
up €75,000 (+300%), from €25,000 to €100,000
- Cash -€20,395
down €20,395 (-38.8%), from €52,504 to €32,108
mainly Current investments (-€75,000) and Receivables within one year (-€3,021)
- Receivables within one year +€3,021
up €3,021 (+20.1%), from €15,007 to €18,028
of which Trade receivables: +€2,927
- Tangible fixed assets -€1,772
down €1,772 (-28.8%), from €6,164 to €4,391
of which Furniture and vehicles: -€1,086
- Profit (loss) carried forward +€44,607
up €44,607 (+83.8%), from €53,222 to €97,829
- Other debts +€8,330
up €8,330 (+54.4%), from €15,304 to €23,634
- Tax, wage and social debts +€2,262
up €2,262 (+9.5%), from €23,751 to €26,014
- Trade debts +€1,980
up €1,980 (+142%), from €1,397 to €3,377
- Gross operating margin +€39,374
up €39,374 (+158%), from €24,930 to €64,304
- Taxes +€7,651
up €7,651 (+173%), from €4,432 to €12,083
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 | €98,675 | €155,854 | +€57,179 | +57.9% |
| Fixed assets | 21/28 | €6,164 | €4,391 | -€1,772 | -28.8% |
| Tangible fixed assets | 22/27 | €6,164 | €4,391 | -€1,772 | -28.8% |
| Furniture and vehicles | 24 | €3,191 | €2,104 | -€1,086 | -34.0% |
| Other tangible fixed assets | 26 | €2,973 | €2,287 | -€686 | -23.1% |
| Current assets | 29/58 | €92,511 | €151,462 | +€58,951 | +63.7% |
| Amounts receivable within one year | 40/41 | €15,007 | €18,028 | +€3,021 | +20.1% |
| Trade receivables | 40 | €15,007 | €17,934 | +€2,927 | +19.5% |
| Other amounts receivable | 41 | - | €94 | +€94 | |
| Current investments | 50/53 | €25,000 | €100,000 | +€75,000 | +300% |
| Cash at bank and in hand | 54/58 | €52,504 | €32,108 | -€20,395 | -38.8% |
| Deferred charges and accrued income | 490/1 | - | €1,326 | +€1,326 | |
| Total equity and liabilities | 10/49 | €98,675 | €155,854 | +€57,179 | +57.9% |
| Equity | 10/15 | €58,222 | €102,829 | +€44,607 | +76.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,222 | €97,829 | +€44,607 | +83.8% |
| Amounts payable | 17/49 | €40,452 | €53,025 | +€12,572 | +31.1% |
| Amounts payable within one year | 42/48 | €40,452 | €53,025 | +€12,572 | +31.1% |
| Trade debts | 44 | €1,397 | €3,377 | +€1,980 | +142% |
| Suppliers | 440/4 | €1,397 | €3,377 | +€1,980 | +142% |
| Taxes, remuneration and social security | 45 | €23,751 | €26,014 | +€2,262 | +9.5% |
| Taxes | 450/3 | €23,751 | €26,014 | +€2,262 | +9.5% |
| Other amounts payable | 47/48 | €15,304 | €23,634 | +€8,330 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,264 | €2,440 | +€176 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €450 | +€450 | |
| Other operating charges | 640/8 | €544 | €549 | +€5 | +0.8% |
| Gross operating margin | 9900 | €24,930 | €64,304 | +€39,374 | +158% |
| Operating profit (loss) | 9901 | €22,122 | €60,866 | +€38,743 | +175% |
| Financial income | 75/76B | €408 | €149 | -€260 | -63.6% |
| Recurring financial income | 75 | €408 | €149 | -€260 | -63.6% |
| Financial charges | 65/66B | €4,090 | €4,325 | +€235 | +5.8% |
| Recurring financial charges | 65 | €4,090 | €4,325 | +€235 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €18,441 | €56,689 | +€38,249 | +207% |
| Income taxes | 67/77 | €4,432 | €12,083 | +€7,651 | +173% |
| Profit (loss) for the period | 9904 | €14,009 | €44,607 | +€30,598 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €14,009 | €44,607 | +€30,598 | +218% |
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 26 October 2026 via checked.be.