SGMD CONSULT: what changed
Two fiscal 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.
SGMD CONSULT
Largest movements
- Tangible fixed assets +€70,354
new in 2025: €70,354
of which Furniture and vehicles: +€57,161
- Cash +€57,328
new in 2025: €57,328
mainly Net result for the year (+€88,288) and Tax, wage and social debts (+€42,813)
- Receivables within one year +€4,137
up €4,137 (+75.7%), from €5,464 to €9,602
- Profit (loss) carried forward +€87,429
up €87,429, from -€5,097 to €82,332
- Tax, wage and social debts +€42,813
new in 2025: €42,813
of which Taxes: +€32,051
- Contributions -€4,500
down €4,500 (-90.0%), from €5,000 to €500
- Trade debts +€3,984
up €3,984 (+61.8%), from €6,448 to €10,431
- Other debts +€1,540
up €1,540 (+729.3%), from €211 to €1,752
- Gross operating margin +€121,408
up €121,408, from -€5,050 to €116,358
- Taxes +€26,040
new in 2025: €26,040
- Depreciation +€1,178
up €1,178 (+2503.7%), from €47 to €1,225
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.
Cash bridge derived
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 | €6,562 | €137,829 | +€131,266 | +2000.4% |
| Formation expenses | 20 | €1,098 | €525 | -€572 | -52.1% |
| Fixed assets | 21/28 | - | €70,354 | +€70,354 | |
| Tangible fixed assets | 22/27 | - | €70,354 | +€70,354 | |
| Furniture and vehicles | 24 | - | €57,161 | +€57,161 | |
| Other tangible fixed assets | 26 | - | €13,193 | +€13,193 | |
| Current assets | 29/58 | €5,464 | €66,949 | +€61,485 | +1125.2% |
| Amounts receivable within one year | 40/41 | €5,464 | €9,602 | +€4,137 | +75.7% |
| Other amounts receivable | 41 | €5,464 | €9,602 | +€4,137 | +75.7% |
| Cash at bank and in hand | 54/58 | - | €57,328 | +€57,328 | |
| Deferred charges and accrued income | 490/1 | - | €20 | +€20 | |
| Total equity and liabilities | 10/49 | €6,562 | €137,829 | +€131,266 | +2000.4% |
| Equity | 10/15 | -€97 | €82,832 | +€82,929 | |
| Contributions | 10/11 | €5,000 | €500 | -€4,500 | -90.0% |
| Profit (loss) carried forward | 14 | -€5,097 | €82,332 | +€87,429 | |
| Amounts payable | 17/49 | €6,659 | €54,996 | +€48,337 | +725.9% |
| Amounts payable within one year | 42/48 | €6,659 | €54,996 | +€48,337 | +725.9% |
| Trade debts | 44 | €6,448 | €10,431 | +€3,984 | +61.8% |
| Suppliers | 440/4 | €6,448 | €10,431 | +€3,984 | +61.8% |
| Taxes, remuneration and social security | 45 | - | €42,813 | +€42,813 | |
| Taxes | 450/3 | - | €32,051 | +€32,051 | |
| Remuneration and social security | 454/9 | - | €10,762 | +€10,762 | |
| Other amounts payable | 47/48 | €211 | €1,752 | +€1,540 | +729.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €1,225 | +€1,178 | +2503.7% |
| Other operating charges | 640/8 | - | €678 | +€678 | |
| Gross operating margin | 9900 | -€5,050 | €116,358 | +€121,408 | |
| Operating profit (loss) | 9901 | -€5,097 | €114,456 | +€119,552 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €128 | +€128 | |
| Recurring financial charges | 65 | - | €128 | +€128 | |
| Profit (loss) for the period before taxes | 9903 | -€5,097 | €114,328 | +€119,425 | |
| Income taxes | 67/77 | - | €26,040 | +€26,040 | |
| Profit (loss) for the period | 9904 | -€5,097 | €88,288 | +€93,385 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,097 | €88,288 | +€93,385 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.