SGM PROPERTIES: 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 PROPERTIES
Largest movements
- Cash +€43,590
up €43,590 (+3,070%), from €1,420 to €45,009
mainly Current portion of long-term debt (+€55,000)
- Receivables within one year +€2,783
up €2,783 (+158%), from €1,760 to €4,544
of which Trade receivables: +€2,778
- Current portion of long-term debt +€55,000
new in 2025: €55,000
- Profit (loss) carried forward -€8,605
down €8,605 (-462%), from -€1,861 to -€10,467
- Taxes +€8,067
new in 2025: €8,067
- Purchases and services -€3,177
down €3,177 (-81.5%), from €3,897 to €720
- Gross operating margin +€367
up €367 (+42.8%), from -€857 to -€490
- Turnover +€230
new in 2025: €230
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 | €3,180 | €49,553 | +€46,373 | +1,458% |
| Current assets | 29/58 | €3,180 | €49,553 | +€46,373 | +1,458% |
| Amounts receivable within one year | 40/41 | €1,760 | €4,544 | +€2,783 | +158% |
| Trade receivables | 40 | €1,735 | €4,513 | +€2,778 | +160% |
| Other amounts receivable | 41 | €26 | €31 | +€5 | +21.2% |
| Cash at bank and in hand | 54/58 | €1,420 | €45,009 | +€43,590 | +3,070% |
| Total equity and liabilities | 10/49 | €3,180 | €49,553 | +€46,373 | +1,458% |
| Equity | 10/15 | €3,139 | -€5,467 | -€8,605 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,861 | -€10,467 | -€8,605 | -462% |
| Amounts payable | 17/49 | €42 | €55,020 | +€54,978 | +132,096% |
| Amounts payable within one year | 42/48 | €42 | €55,020 | +€54,978 | +132,096% |
| Current portion of amounts payable after more than one year | 42 | - | €55,000 | +€55,000 | |
| Trade debts | 44 | €42 | €20 | -€22 | -51.9% |
| Suppliers | 440/4 | €42 | - | -€42 | |
| Bills of exchange payable | 441 | - | €20 | +€20 | |
| Turnover | 70 | - | €230 | +€230 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,897 | €720 | -€3,177 | -81.5% |
| Gross operating margin | 9900 | -€857 | -€490 | +€367 | +42.8% |
| Operating profit (loss) | 9901 | -€857 | -€490 | +€367 | +42.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €42 | €48 | +€6 | +15.3% |
| Recurring financial charges | 65 | €42 | €48 | +€6 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€899 | -€538 | +€361 | +40.1% |
| Income taxes | 67/77 | - | €8,067 | +€8,067 | |
| Profit (loss) for the period | 9904 | -€899 | -€8,605 | -€7,706 | -857% |
| Profit (loss) for the period to be appropriated | 9905 | -€899 | -€8,605 | -€7,706 | -857% |
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 14 October 2026 via checked.be.