SGL3217: 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.
SGL3217
Largest movements
- Tangible fixed assets -€105,913
down €105,913 (-10.5%), from €1.0m to €901,482
of which Furniture and vehicles: -€85,084
- Receivables within one year -€66,114
down €66,114 (-70.1%), from €94,344 to €28,229
of which Other amounts receivable: -€33,114
- Debts after one year -€337,512
down €337,512 (-13.2%), from €2.6m to €2.2m
- Reserves +€211,867
up €211,867 (+15.8%), from €1.3m to €1.5m
of which Distributable reserves: +€219,014
- Gross operating margin +€67,617
up €67,617 (+44.2%), from €153,004 to €220,621
- Financial income +€40,486
up €40,486 (+20.0%), from €202,514 to €243,000
- Taxes +€32,563
up €32,563 (+46.7%), from €69,689 to €102,252
- Depreciation +€21,521
up €21,521 (+25.5%), from €84,392 to €105,913
- Financial charges -€12,737
down €12,737 (-23.1%), from €55,038 to €42,300
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 | €4,827,711 | €4,712,466 | -€115,244 | -2.4% |
| Fixed assets | 21/28 | €4,723,135 | €4,617,222 | -€105,913 | -2.2% |
| Tangible fixed assets | 22/27 | €1,007,395 | €901,482 | -€105,913 | -10.5% |
| Land and buildings | 22 | €699,144 | €678,315 | -€20,829 | -3.0% |
| Furniture and vehicles | 24 | €308,252 | €223,167 | -€85,084 | -27.6% |
| Financial fixed assets | 28 | €3,715,740 | €3,715,740 | = | 0.0% |
| Current assets | 29/58 | €104,576 | €95,244 | -€9,331 | -8.9% |
| Amounts receivable within one year | 40/41 | €94,344 | €28,229 | -€66,114 | -70.1% |
| Trade receivables | 40 | €59,497 | €26,496 | -€33,001 | -55.5% |
| Other amounts receivable | 41 | €34,847 | €1,734 | -€33,114 | -95.0% |
| Cash at bank and in hand | 54/58 | €9,690 | €47,941 | +€38,251 | +395% |
| Deferred charges and accrued income | 490/1 | €542 | €19,074 | +€18,532 | +3,419% |
| Total equity and liabilities | 10/49 | €4,827,711 | €4,712,466 | -€115,244 | -2.4% |
| Equity | 10/15 | €1,463,028 | €1,674,895 | +€211,867 | +14.5% |
| Contributions | 10/11 | €109,170 | €109,170 | = | 0.0% |
| Capital | 10 | €109,170 | €109,170 | = | 0.0% |
| Issued capital | 100 | €109,170 | €109,170 | = | 0.0% |
| Reserves | 13 | €1,337,504 | €1,549,370 | +€211,867 | +15.8% |
| Non-distributable reserves | 130/1 | €19,971 | €19,971 | = | 0.0% |
| Legal reserve | 130 | €19,971 | €19,971 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,994 | €156,847 | -€7,148 | -4.4% |
| Distributable reserves | 133 | €1,153,539 | €1,372,553 | +€219,014 | +19.0% |
| Profit (loss) carried forward | 14 | €16,354 | €16,354 | = | 0.0% |
| Provisions and deferred taxes | 16 | €54,665 | €52,282 | -€2,383 | -4.4% |
| Deferred taxes | 168 | €54,665 | €52,282 | -€2,383 | -4.4% |
| Amounts payable | 17/49 | €3,310,018 | €2,985,289 | -€324,729 | -9.8% |
| Amounts payable after more than one year | 17 | €2,563,061 | €2,225,549 | -€337,512 | -13.2% |
| Financial debts | 170/4 | €2,563,061 | €2,225,549 | -€337,512 | -13.2% |
| Amounts payable within one year | 42/48 | €706,497 | €745,264 | +€38,767 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €345,953 | €345,953 | = | 0.0% |
| Trade debts | 44 | €100 | €1,875 | +€1,774 | +1,767% |
| Suppliers | 440/4 | €100 | €1,875 | +€1,774 | +1,767% |
| Taxes, remuneration and social security | 45 | €15,409 | €21,901 | +€6,492 | +42.1% |
| Taxes | 450/3 | €15,409 | €21,901 | +€6,492 | +42.1% |
| Other amounts payable | 47/48 | €345,035 | €375,535 | +€30,500 | +8.8% |
| Accrued charges and deferred income | 492/3 | €40,460 | €14,476 | -€25,983 | -64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,392 | €105,913 | +€21,521 | +25.5% |
| Other operating charges | 640/8 | €8,694 | €3,671 | -€5,023 | -57.8% |
| Gross operating margin | 9900 | €153,004 | €220,621 | +€67,617 | +44.2% |
| Operating profit (loss) | 9901 | €59,918 | €111,036 | +€51,118 | +85.3% |
| Financial income | 75/76B | €202,514 | €243,000 | +€40,486 | +20.0% |
| Recurring financial income | 75 | €202,514 | €243,000 | +€40,486 | +20.0% |
| Financial charges | 65/66B | €55,038 | €42,300 | -€12,737 | -23.1% |
| Recurring financial charges | 65 | €55,038 | €42,300 | -€12,737 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €207,394 | €311,736 | +€104,342 | +50.3% |
| Transfer from deferred taxes | 780 | €4,097 | €2,383 | -€1,714 | -41.8% |
| Income taxes | 67/77 | €69,689 | €102,252 | +€32,563 | +46.7% |
| Profit (loss) for the period | 9904 | €141,802 | €211,867 | +€70,065 | +49.4% |
| Transfer from tax-exempt reserves | 789 | €12,290 | €7,148 | -€5,142 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,092 | €219,014 | +€64,922 | +42.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.