SGMT + WORKS: 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.
SGMT + WORKS
Largest movements
- Receivables within one year +€29,791
up €29,791 (+51.8%), from €57,522 to €87,313
of which Other amounts receivable: +€29,524
- Cash -€20,586
down €20,586 (-87.3%), from €23,591 to €3,005
mainly Receivables within one year (-€29,791) and Deferred charges and accrued income (-€5,498)
- Deferred charges and accrued income +€5,498
up €5,498 (+1,134%), from €485 to €5,983
- Profit (loss) carried forward +€14,681
up €14,681 (+35.2%), from €41,661 to €56,342
- Trade debts +€4,885
up €4,885 (+224%), from €2,183 to €7,069
- Debts after one year -€3,481
down €3,481 (-20.6%), from €16,935 to €13,455
- Gross operating margin -€25,645
down €25,645 (-55.3%), from €46,387 to €20,741
- Other operating charges -€7,148
down €7,148 (-93.2%), from €7,666 to €518
- Taxes -€4,357
down €4,357 (-48.0%), from €9,080 to €4,723
- Financial charges -€703
down €703 (-63.4%), from €1,108 to €406
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 | €82,510 | €97,768 | +€15,258 | +18.5% |
| Fixed assets | 21/28 | €912 | €1,467 | +€555 | +60.9% |
| Tangible fixed assets | 22/27 | €912 | €1,467 | +€555 | +60.9% |
| Plant, machinery and equipment | 23 | €912 | €1,467 | +€555 | +60.9% |
| Current assets | 29/58 | €81,598 | €96,301 | +€14,702 | +18.0% |
| Amounts receivable within one year | 40/41 | €57,522 | €87,313 | +€29,791 | +51.8% |
| Trade receivables | 40 | €6,089 | €6,357 | +€267 | +4.4% |
| Other amounts receivable | 41 | €51,433 | €80,956 | +€29,524 | +57.4% |
| Cash at bank and in hand | 54/58 | €23,591 | €3,005 | -€20,586 | -87.3% |
| Deferred charges and accrued income | 490/1 | €485 | €5,983 | +€5,498 | +1,134% |
| Total equity and liabilities | 10/49 | €82,510 | €97,768 | +€15,258 | +18.5% |
| Equity | 10/15 | €44,661 | €59,342 | +€14,681 | +32.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,661 | €56,342 | +€14,681 | +35.2% |
| Amounts payable | 17/49 | €37,849 | €38,426 | +€577 | +1.5% |
| Amounts payable after more than one year | 17 | €16,935 | €13,455 | -€3,481 | -20.6% |
| Financial debts | 170/4 | €16,935 | €13,455 | -€3,481 | -20.6% |
| Amounts payable within one year | 42/48 | €20,914 | €24,971 | +€4,058 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €3,678 | €3,135 | -€543 | -14.8% |
| Trade debts | 44 | €2,183 | €7,069 | +€4,885 | +224% |
| Suppliers | 440/4 | €2,183 | €7,069 | +€4,885 | +224% |
| Taxes, remuneration and social security | 45 | €15,052 | €14,768 | -€285 | -1.9% |
| Taxes | 450/3 | €15,052 | €14,768 | -€285 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190 | €477 | +€288 | +152% |
| Other operating charges | 640/8 | €7,666 | €518 | -€7,148 | -93.2% |
| Gross operating margin | 9900 | €46,387 | €20,741 | -€25,645 | -55.3% |
| Operating profit (loss) | 9901 | €38,531 | €19,746 | -€18,786 | -48.8% |
| Financial income | 75/76B | €44 | €64 | +€20 | +44.0% |
| Recurring financial income | 75 | €44 | €64 | +€20 | +44.0% |
| Financial charges | 65/66B | €1,108 | €406 | -€703 | -63.4% |
| Recurring financial charges | 65 | €1,108 | €406 | -€703 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €37,467 | €19,404 | -€18,063 | -48.2% |
| Income taxes | 67/77 | €9,080 | €4,723 | -€4,357 | -48.0% |
| Profit (loss) for the period | 9904 | €28,387 | €14,681 | -€13,706 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,387 | €14,681 | -€13,706 | -48.3% |
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 13 October 2026 via checked.be.