SGO CONSULTING: 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.
SGO CONSULTING
Largest movements
- Cash +€33,207
up €33,207 (+38.6%), from €85,919 to €119,126
mainly Other debts (+€88,467) and Net result for the year (+€56,307)
- Deferred charges and accrued income -€1,975
down €1,975 (-26.6%), from €7,419 to €5,444
- Other debts +€88,467
new in 2025: €88,467
- Reserves -€55,690
down €55,690 (-35.8%), from €155,690 to €100,000
- Gross operating margin +€3,021
up €3,021 (+4.2%), from €71,556 to €74,577
- Financial income -€1,167
down €1,167 (-50.5%), from €2,312 to €1,144
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 | €162,070 | €194,871 | +€32,801 | +20.2% |
| Fixed assets | 21/28 | €54,618 | €54,280 | -€339 | -0.6% |
| Tangible fixed assets | 22/27 | €5,204 | €4,865 | -€339 | -6.5% |
| Furniture and vehicles | 24 | €5,204 | €4,865 | -€339 | -6.5% |
| Financial fixed assets | 28 | €49,414 | €49,414 | = | 0.0% |
| Current assets | 29/58 | €107,452 | €140,591 | +€33,139 | +30.8% |
| Amounts receivable within one year | 40/41 | €14,114 | €16,021 | +€1,907 | +13.5% |
| Trade receivables | 40 | €12,705 | €15,473 | +€2,768 | +21.8% |
| Other amounts receivable | 41 | €1,409 | €548 | -€861 | -61.1% |
| Cash at bank and in hand | 54/58 | €85,919 | €119,126 | +€33,207 | +38.6% |
| Deferred charges and accrued income | 490/1 | €7,419 | €5,444 | -€1,975 | -26.6% |
| Total equity and liabilities | 10/49 | €162,070 | €194,871 | +€32,801 | +20.2% |
| Equity | 10/15 | €158,190 | €102,500 | -€55,690 | -35.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €155,690 | €100,000 | -€55,690 | -35.8% |
| Distributable reserves | 133 | €155,690 | €100,000 | -€55,690 | -35.8% |
| Amounts payable | 17/49 | €3,880 | €92,371 | +€88,490 | +2,280% |
| Amounts payable within one year | 42/48 | €3,880 | €92,371 | +€88,490 | +2,280% |
| Trade debts | 44 | €1,633 | €302 | -€1,331 | -81.5% |
| Suppliers | 440/4 | €1,633 | €302 | -€1,331 | -81.5% |
| Taxes, remuneration and social security | 45 | €2,248 | €3,602 | +€1,354 | +60.2% |
| Taxes | 450/3 | €2,248 | €3,602 | +€1,354 | +60.2% |
| Other amounts payable | 47/48 | - | €88,467 | +€88,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,324 | €2,720 | -€604 | -18.2% |
| Other operating charges | 640/8 | €984 | €1,237 | +€253 | +25.7% |
| Gross operating margin | 9900 | €71,556 | €74,577 | +€3,021 | +4.2% |
| Operating profit (loss) | 9901 | €67,247 | €70,620 | +€3,372 | +5.0% |
| Financial income | 75/76B | €2,312 | €1,144 | -€1,167 | -50.5% |
| Recurring financial income | 75 | €2,312 | €1,144 | -€1,167 | -50.5% |
| Financial charges | 65/66B | €1,263 | €858 | -€405 | -32.1% |
| Recurring financial charges | 65 | €1,263 | €858 | -€405 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €68,296 | €70,906 | +€2,610 | +3.8% |
| Income taxes | 67/77 | €14,231 | €14,599 | +€368 | +2.6% |
| Profit (loss) for the period | 9904 | €54,065 | €56,307 | +€2,243 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,065 | €56,307 | +€2,243 | +4.1% |
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.