SGco: 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.
SGco
Largest movements
- Cash +€18,222
up €18,222 (+20.9%), from €87,100 to €105,322
mainly Net result for the year (+€21,346) and Other debts (+€918)
- Receivables within one year +€2,592
up €2,592 (+23.8%), from €10,890 to €13,482
- Reserves +€21,346
up €21,346 (+40.4%), from €52,822 to €74,168
- Tax, wage and social debts -€1,391
down €1,391 (-3.5%), from €39,476 to €38,085
of which Remuneration and social security: -€10,800
- Gross operating margin -€33,535
down €33,535 (-47.8%), from €70,155 to €36,619
- Taxes -€4,504
down €4,504 (-33.2%), from €13,568 to €9,064
- Financial charges +€2,067
up €2,067 (+66.0%), from €3,133 to €5,199
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.
Cash bridge derived
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 | €99,596 | €120,731 | +€21,135 | +21.2% |
| Fixed assets | 21/28 | €1,606 | €1,001 | -€606 | -37.7% |
| Tangible fixed assets | 22/27 | €1,606 | €1,001 | -€606 | -37.7% |
| Plant, machinery and equipment | 23 | €1,606 | €1,001 | -€606 | -37.7% |
| Current assets | 29/58 | €97,990 | €119,730 | +€21,740 | +22.2% |
| Amounts receivable within one year | 40/41 | €10,890 | €13,482 | +€2,592 | +23.8% |
| Trade receivables | 40 | €10,890 | €13,482 | +€2,592 | +23.8% |
| Cash at bank and in hand | 54/58 | €87,100 | €105,322 | +€18,222 | +20.9% |
| Deferred charges and accrued income | 490/1 | - | €927 | +€927 | |
| Total equity and liabilities | 10/49 | €99,596 | €120,731 | +€21,135 | +21.2% |
| Equity | 10/15 | €57,822 | €79,168 | +€21,346 | +36.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,822 | €74,168 | +€21,346 | +40.4% |
| Distributable reserves | 133 | €52,822 | €74,168 | +€21,346 | +40.4% |
| Amounts payable | 17/49 | €41,775 | €41,563 | -€211 | -0.5% |
| Amounts payable within one year | 42/48 | €41,775 | €41,563 | -€211 | -0.5% |
| Trade debts | 44 | €1,678 | €1,939 | +€261 | +15.6% |
| Suppliers | 440/4 | €1,678 | €1,939 | +€261 | +15.6% |
| Taxes, remuneration and social security | 45 | €39,476 | €38,085 | -€1,391 | -3.5% |
| Taxes | 450/3 | €19,676 | €29,085 | +€9,409 | +47.8% |
| Remuneration and social security | 454/9 | €19,800 | €9,000 | -€10,800 | -54.5% |
| Other amounts payable | 47/48 | €620 | €1,539 | +€918 | +148.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | €606 | +€395 | +187.2% |
| Other operating charges | 640/8 | €426 | €404 | -€22 | -5.2% |
| Gross operating margin | 9900 | €70,155 | €36,619 | -€33,535 | -47.8% |
| Operating profit (loss) | 9901 | €69,517 | €35,609 | -€33,908 | -48.8% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €3,133 | €5,199 | +€2,067 | +66.0% |
| Recurring financial charges | 65 | €3,133 | €5,199 | +€2,067 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €66,390 | €30,410 | -€35,980 | -54.2% |
| Income taxes | 67/77 | €13,568 | €9,064 | -€4,504 | -33.2% |
| Profit (loss) for the period | 9904 | €52,822 | €21,346 | -€31,476 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,822 | €21,346 | -€31,476 | -59.6% |
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 10 October 2026 via checked.be.