SGConsulting: 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.
SGConsulting
Largest movements
- Cash -€103,402
down €103,402 (-15.9%), from €650,310 to €546,908
mainly Other debts (-€93,677) and Receivables after one year (-€85,000)
- Receivables after one year +€85,000
up €85,000 (+850%), from €10,000 to €95,000
- Financial fixed assets -€83,499
down €83,499 (-100%), from €83,499 to €0
- Receivables within one year -€23,653
down €23,653 (-46.2%), from €51,166 to €27,513
of which Trade receivables: -€25,246
- Tangible fixed assets -€12,856
down €12,856 (-62.8%), from €20,458 to €7,601
of which Furniture and vehicles: -€11,675
- Other debts -€93,677
down €93,677 (-12.9%), from €724,080 to €630,402
- Tax, wage and social debts -€37,275
down €37,275 (-71.6%), from €52,066 to €14,791
- Reserves -€32,000
down €32,000 (-100%), from €32,000 to €0
- Profit (loss) carried forward +€23,725
up €23,725, from €0 to €23,725
- Gross operating margin -€171,318
down €171,318 (-51.0%), from €335,775 to €164,456
- Financial charges +€83,521
up €83,521 (+46,798%), from €178 to €83,699
of which Non-recurring financial charges: +€83,499
- Taxes -€44,529
down €44,529 (-56.7%), from €78,520 to €33,990
- Write-downs +€10,000
new in 2025: €10,000
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 | €821,477 | €681,269 | -€140,207 | -17.1% |
| Fixed assets | 21/28 | €103,957 | €7,601 | -€96,355 | -92.7% |
| Tangible fixed assets | 22/27 | €20,458 | €7,601 | -€12,856 | -62.8% |
| Plant, machinery and equipment | 23 | €1,853 | €672 | -€1,182 | -63.8% |
| Furniture and vehicles | 24 | €18,604 | €6,930 | -€11,675 | -62.8% |
| Financial fixed assets | 28 | €83,499 | €0 | -€83,499 | -100% |
| Current assets | 29/58 | €717,520 | €673,668 | -€43,852 | -6.1% |
| Amounts receivable after more than one year | 29 | €10,000 | €95,000 | +€85,000 | +850% |
| Other amounts receivable | 291 | €10,000 | €95,000 | +€85,000 | +850% |
| Amounts receivable within one year | 40/41 | €51,166 | €27,513 | -€23,653 | -46.2% |
| Trade receivables | 40 | €25,246 | €0 | -€25,246 | -100% |
| Other amounts receivable | 41 | €25,920 | €27,513 | +€1,593 | +6.1% |
| Cash at bank and in hand | 54/58 | €650,310 | €546,908 | -€103,402 | -15.9% |
| Deferred charges and accrued income | 490/1 | €6,044 | €4,247 | -€1,797 | -29.7% |
| Total equity and liabilities | 10/49 | €821,477 | €681,269 | -€140,207 | -17.1% |
| Equity | 10/15 | €42,000 | €33,725 | -€8,275 | -19.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €0 | -€32,000 | -100% |
| Distributable reserves | 133 | €32,000 | €0 | -€32,000 | -100% |
| Profit (loss) carried forward | 14 | €0 | €23,725 | +€23,725 | |
| Amounts payable | 17/49 | €779,477 | €647,544 | -€131,932 | -16.9% |
| Amounts payable within one year | 42/48 | €777,977 | €647,544 | -€130,432 | -16.8% |
| Financial debts | 43 | €281 | €499 | +€218 | +77.5% |
| Credit institutions | 430/8 | €281 | €0 | -€281 | -100% |
| Other loans | 439 | - | €499 | +€499 | |
| Trade debts | 44 | €1,550 | €1,851 | +€302 | +19.5% |
| Suppliers | 440/4 | €1,550 | €1,851 | +€302 | +19.5% |
| Taxes, remuneration and social security | 45 | €52,066 | €14,791 | -€37,275 | -71.6% |
| Taxes | 450/3 | €52,066 | €14,791 | -€37,275 | -71.6% |
| Other amounts payable | 47/48 | €724,080 | €630,402 | -€93,677 | -12.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,465 | €12,856 | +€391 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €1,344 | €590 | -€754 | -56.1% |
| Gross operating margin | 9900 | €335,775 | €164,456 | -€171,318 | -51.0% |
| Operating profit (loss) | 9901 | €321,966 | €141,010 | -€180,956 | -56.2% |
| Financial income | 75/76B | €94 | €404 | +€310 | +330% |
| Recurring financial income | 75 | €94 | €404 | +€310 | +330% |
| Financial charges | 65/66B | €178 | €83,699 | +€83,521 | +46,798% |
| Recurring financial charges | 65 | €178 | €200 | +€22 | +12.2% |
| Non-recurring financial charges | 66B | - | €83,499 | +€83,499 | |
| Profit (loss) for the period before taxes | 9903 | €321,881 | €57,715 | -€264,166 | -82.1% |
| Income taxes | 67/77 | €78,520 | €33,990 | -€44,529 | -56.7% |
| Profit (loss) for the period | 9904 | €243,362 | €23,725 | -€219,637 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €243,362 | €23,725 | -€219,637 | -90.3% |
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 25 October 2026 via checked.be.