SGM Technics: what changed
What changed
SGM Technics
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€6,240
2024 · €9,287-€3,048
Equity
€48,713
2024 · €42,473+€6,240
Cash
€44,560
2024 · €28,971+€15,589
Balance sheet total
€103,025
2024 · €72,170+€30,855
Largest movements
Assets
- Cash +€15,589
up €15,589 (+53.8%), from €28,971 to €44,560
mainly Debts after one year (+€14,251) and Depreciation (+€9,089)
- Current investments +€7,250
new in 2025: €7,250
- Tangible fixed assets +€6,466
up €6,466 (+16.3%), from €39,661 to €46,127
of which Leasing and similar rights: +€25,960
- Receivables within one year +€1,327
up €1,327 (+48.9%), from €2,715 to €4,043
of which Trade receivables: +€1,941
Equity and liabilities
- Debts after one year +€14,251
up €14,251 (+137%), from €10,437 to €24,688
- Other debts +€7,302
up €7,302 (+73.0%), from €10,009 to €17,311
- Reserves +€6,240
up €6,240 (+15.8%), from €39,473 to €45,713
- Current portion of long-term debt +€4,500
up €4,500 (+62.1%), from €7,251 to €11,751
- Trade debts -€1,659
down €1,659 (-82.9%), from €2,000 to €341
Income statement
- Depreciation -€6,309
down €6,309 (-41.0%), from €15,398 to €9,089
- Gross operating margin -€793
down €793 (-2.5%), from €32,188 to €31,395
- Write-downs +€417
new in 2025: €417
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,287
Gross operating margin
-€793
Depreciation
+€6,309
Write-downs
-€417
Other operating charges
-€79
Other operating items
-€7,874
Financial income
+€10
Financial charges
-€9
Taxes
-€194
Result 2025
€6,240
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19,643
Investment
-€22,805
Financing
+€18,751
Cash 2024
€28,971
From operations (derived)
+€19,643
Net result for the year
+€6,240
Depreciation
+€9,089
Receivables within one year
-€1,327
Deferred charges and accrued income
-€223
Trade debts
-€1,659
Tax, wage and social debts
+€221
Other debts
+€7,302
Investment (derived)
-€22,805
Investment in fixed assets (net)
-€15,555
Current investments
-€7,250
Financing
+€18,751
Debts after one year
+€14,251
Current portion of long-term debt
+€4,500
Cash 2025
€44,560
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,170 | €103,025 | +€30,855 | +42.8% |
| Fixed assets | 21/28 | €39,661 | €46,127 | +€6,466 | +16.3% |
| Tangible fixed assets | 22/27 | €39,661 | €46,127 | +€6,466 | +16.3% |
| Land and buildings | 22 | €5,528 | €4,851 | -€677 | -12.2% |
| Plant, machinery and equipment | 23 | €8,983 | €7,743 | -€1,240 | -13.8% |
| Furniture and vehicles | 24 | €24,283 | €6,705 | -€17,577 | -72.4% |
| Leasing and similar rights | 25 | - | €25,960 | +€25,960 | |
| Other tangible fixed assets | 26 | €868 | €868 | = | 0.0% |
| Current assets | 29/58 | €32,509 | €56,898 | +€24,389 | +75.0% |
| Amounts receivable within one year | 40/41 | €2,715 | €4,043 | +€1,327 | +48.9% |
| Trade receivables | 40 | €1,859 | €3,800 | +€1,941 | +104% |
| Other amounts receivable | 41 | €856 | €243 | -€613 | -71.7% |
| Current investments | 50/53 | - | €7,250 | +€7,250 | |
| Cash at bank and in hand | 54/58 | €28,971 | €44,560 | +€15,589 | +53.8% |
| Deferred charges and accrued income | 490/1 | €823 | €1,046 | +€223 | +27.1% |
| Total equity and liabilities | 10/49 | €72,170 | €103,025 | +€30,855 | +42.8% |
| Equity | 10/15 | €42,473 | €48,713 | +€6,240 | +14.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,473 | €45,713 | +€6,240 | +15.8% |
| Distributable reserves | 133 | €39,473 | €45,713 | +€6,240 | +15.8% |
| Amounts payable | 17/49 | €29,697 | €54,313 | +€24,615 | +82.9% |
| Amounts payable after more than one year | 17 | €10,437 | €24,688 | +€14,251 | +137% |
| Financial debts | 170/4 | €10,437 | €24,688 | +€14,251 | +137% |
| Amounts payable within one year | 42/48 | €19,260 | €29,624 | +€10,364 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €7,251 | €11,751 | +€4,500 | +62.1% |
| Trade debts | 44 | €2,000 | €341 | -€1,659 | -82.9% |
| Suppliers | 440/4 | €2,000 | €341 | -€1,659 | -82.9% |
| Taxes, remuneration and social security | 45 | - | €221 | +€221 | |
| Taxes | 450/3 | - | €221 | +€221 | |
| Other amounts payable | 47/48 | €10,009 | €17,311 | +€7,302 | +73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,398 | €9,089 | -€6,309 | -41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €417 | +€417 | |
| Other operating charges | 640/8 | €838 | €917 | +€79 | +9.5% |
| Non-recurring operating charges | 66A | - | €7,874 | +€7,874 | |
| Gross operating margin | 9900 | €32,188 | €31,395 | -€793 | -2.5% |
| Operating profit (loss) | 9901 | €15,952 | €13,098 | -€2,854 | -17.9% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €2,020 | €2,029 | +€9 | +0.4% |
| Recurring financial charges | 65 | €2,020 | €2,029 | +€9 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €13,932 | €11,078 | -€2,853 | -20.5% |
| Income taxes | 67/77 | €4,645 | €4,839 | +€194 | +4.2% |
| Profit (loss) for the period | 9904 | €9,287 | €6,240 | -€3,048 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,287 | €6,240 | -€3,048 | -32.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.