SGM 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.
SGM MANAGEMENT
Largest movements
- Deferred charges and accrued income +€12,603
new in 2022: €12,603
- Tangible fixed assets -€10,936
down €10,936 (-34.4%), from €31,763 to €20,826
of which Plant, machinery and equipment: -€6,103
- Receivables within one year +€5,605
up €5,605 (+12.6%), from €44,510 to €50,115
- Cash -€1,532
down €1,532 (-75.3%), from €2,035 to €503
mainly Deferred charges and accrued income (-€12,603) and Receivables within one year (-€5,605)
- Other debts +€7,601
up €7,601 (+3.3%), from €227,209 to €234,810
- Trade debts -€2,425
down €2,425 (-14.7%), from €16,487 to €14,062
- Gross operating margin +€6,765
up €6,765 (+70.6%), from €9,585 to €16,350
- Other operating charges +€3,520
up €3,520 (+1,013%), from €348 to €3,867
- Financial charges -€1,469
down €1,469 (-69.8%), from €2,104 to €635
- Depreciation -€828
down €828 (-7.0%), from €11,764 to €10,936
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,308 | €111,047 | +€5,739 | +5.4% |
| Fixed assets | 21/28 | €58,763 | €47,826 | -€10,936 | -18.6% |
| Tangible fixed assets | 22/27 | €31,763 | €20,826 | -€10,936 | -34.4% |
| Plant, machinery and equipment | 23 | €17,263 | €11,160 | -€6,103 | -35.4% |
| Furniture and vehicles | 24 | €14,500 | €9,666 | -€4,833 | -33.3% |
| Financial fixed assets | 28 | €27,000 | €27,000 | = | 0.0% |
| Current assets | 29/58 | €46,545 | €63,220 | +€16,676 | +35.8% |
| Amounts receivable within one year | 40/41 | €44,510 | €50,115 | +€5,605 | +12.6% |
| Trade receivables | 40 | €44,510 | €50,115 | +€5,605 | +12.6% |
| Cash at bank and in hand | 54/58 | €2,035 | €503 | -€1,532 | -75.3% |
| Deferred charges and accrued income | 490/1 | - | €12,603 | +€12,603 | |
| Total equity and liabilities | 10/49 | €105,308 | €111,047 | +€5,739 | +5.4% |
| Equity | 10/15 | -€164,157 | -€163,246 | +€912 | +0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,557 | -€175,646 | +€912 | +0.5% |
| Amounts payable | 17/49 | €269,465 | €274,293 | +€4,828 | +1.8% |
| Amounts payable after more than one year | 17 | €25,420 | €25,420 | = | 0.0% |
| Financial debts | 170/4 | €25,420 | €25,420 | = | 0.0% |
| Amounts payable within one year | 42/48 | €243,696 | €248,873 | +€5,176 | +2.1% |
| Trade debts | 44 | €16,487 | €14,062 | -€2,425 | -14.7% |
| Suppliers | 440/4 | €16,487 | €14,062 | -€2,425 | -14.7% |
| Other amounts payable | 47/48 | €227,209 | €234,810 | +€7,601 | +3.3% |
| Accrued charges and deferred income | 492/3 | €349 | - | -€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,764 | €10,936 | -€828 | -7.0% |
| Other operating charges | 640/8 | €348 | €3,867 | +€3,520 | +1,013% |
| Gross operating margin | 9900 | €9,585 | €16,350 | +€6,765 | +70.6% |
| Operating profit (loss) | 9901 | -€2,526 | €1,546 | +€4,072 | |
| Financial charges | 65/66B | €2,104 | €635 | -€1,469 | -69.8% |
| Recurring financial charges | 65 | €2,104 | €635 | -€1,469 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,630 | €912 | +€5,542 | |
| Profit (loss) for the period | 9904 | -€4,630 | €912 | +€5,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,630 | €912 | +€5,542 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.