SGK MANAGEMENT: 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.
SGK MANAGEMENT
Largest movements
- Tangible fixed assets -€579
down €579 (-100%), from €579 to €0
- Cash -€230
down €230 (-7.6%), from €3,021 to €2,791
mainly Net result for the year (-€1,485)
- Intangible fixed assets -€221
down €221 (-11.9%), from €1,856 to €1,636
- Profit (loss) carried forward -€1,485
down €1,485 (-8.5%), from -€17,466 to -€18,951
- Trade debts +€456
new in 2025: €456
- Gross operating margin +€552
up €552 (+46.3%), from -€1,191 to -€639
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 | €5,597 | €4,568 | -€1,029 | -18.4% |
| Fixed assets | 21/28 | €2,435 | €1,636 | -€799 | -32.8% |
| Intangible fixed assets | 21 | €1,856 | €1,636 | -€221 | -11.9% |
| Tangible fixed assets | 22/27 | €579 | €0 | -€579 | -100% |
| Furniture and vehicles | 24 | €579 | €0 | -€579 | -100% |
| Current assets | 29/58 | €3,162 | €2,932 | -€230 | -7.3% |
| Amounts receivable within one year | 40/41 | €141 | €141 | = | 0.0% |
| Other amounts receivable | 41 | €141 | €141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,021 | €2,791 | -€230 | -7.6% |
| Total equity and liabilities | 10/49 | €5,597 | €4,568 | -€1,029 | -18.4% |
| Equity | 10/15 | €5,534 | €4,049 | -€1,485 | -26.8% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,466 | -€18,951 | -€1,485 | -8.5% |
| Amounts payable | 17/49 | €64 | €519 | +€456 | +716% |
| Amounts payable within one year | 42/48 | €64 | €519 | +€456 | +716% |
| Trade debts | 44 | - | €456 | +€456 | |
| Suppliers | 440/4 | - | €456 | +€456 | |
| Other amounts payable | 47/48 | €64 | €64 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €799 | €799 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€1,191 | -€639 | +€552 | +46.3% |
| Operating profit (loss) | 9901 | -€1,990 | -€1,439 | +€552 | +27.7% |
| Financial charges | 65/66B | €35 | €46 | +€12 | +33.3% |
| Recurring financial charges | 65 | €35 | €46 | +€12 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,025 | -€1,485 | +€540 | +26.7% |
| Profit (loss) for the period | 9904 | -€2,025 | -€1,485 | +€540 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,025 | -€1,485 | +€540 | +26.7% |
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 26 October 2026 via checked.be.