SGH: 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.
SGH
Largest movements
- Current assets +€4,028
up €4,028 (+14.8%), from €27,239 to €31,267
of which Cash: +€9,748
- Tangible fixed assets -€3,399
down €3,399 (-13.3%), from €25,500 to €22,101
- Profit (loss) carried forward +€16,711
up €16,711 (+1,965%), from €851 to €17,561
- Debts within one year -€16,082
down €16,082 (-36.7%), from €43,829 to €27,746
- Gross operating margin +€28,734
up €28,734 (+296%), from €9,698 to €38,433
- Taxes +€7,802
new in 2019: €7,802
- Depreciation +€2,293
up €2,293 (+27.0%), from €8,500 to €10,793
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,739 | €53,368 | +€629 | +1.2% |
| Fixed assets | 21/28 | €25,500 | €22,101 | -€3,399 | -13.3% |
| Tangible fixed assets | 22/27 | €25,500 | €22,101 | -€3,399 | -13.3% |
| Current assets | 29/58 | €27,239 | €31,267 | +€4,028 | +14.8% |
| Amounts receivable within one year | 40/41 | €22,685 | €16,686 | -€5,999 | -26.4% |
| Cash at bank and in hand | 54/58 | €4,554 | €14,302 | +€9,748 | +214% |
| Total equity and liabilities | 10/49 | €52,739 | €53,368 | +€629 | +1.2% |
| Equity | 10/15 | €8,911 | €25,621 | +€16,711 | +188% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €851 | €17,561 | +€16,711 | +1,965% |
| Amounts payable | 17/49 | €43,829 | €27,746 | -€16,082 | -36.7% |
| Amounts payable within one year | 42/48 | €43,829 | €27,746 | -€16,082 | -36.7% |
| Trade debts | 44 | €194 | €5,137 | +€4,943 | +2,544% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,500 | €10,793 | +€2,293 | +27.0% |
| Gross operating margin | 9900 | €9,698 | €38,433 | +€28,734 | +296% |
| Operating profit (loss) | 9901 | €851 | €25,741 | +€24,890 | +2,926% |
| Profit (loss) for the period before taxes | 9903 | €851 | €24,513 | +€23,662 | +2,782% |
| Income taxes | 67/77 | - | €7,802 | +€7,802 | |
| Profit (loss) for the period | 9904 | €851 | €16,711 | +€15,860 | +1,865% |
| Profit (loss) for the period to be appropriated | 9905 | €851 | €16,711 | +€15,860 | +1,865% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.