SGPRO: 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.
SGPRO
Largest movements
- Receivables within one year -€100,875
down €100,875 (-81.7%), from €123,398 to €22,523
of which Other amounts receivable: -€77,699
- Tangible fixed assets -€95,897
down €95,897 (-14.5%), from €660,382 to €564,485
of which Plant, machinery and equipment: -€88,289
- Stocks and contracts +€22,667
up €22,667 (+6.3%), from €362,345 to €385,012
- Debts after one year -€74,664
down €74,664 (-15.4%), from €484,753 to €410,089
- Other debts -€67,322
no longer reported in 2025 (was €67,322)
- Trade debts -€59,565
down €59,565 (-17.7%), from €336,837 to €277,272
- Short-term financial debts +€39,540
up €39,540 (+177.8%), from €22,240 to €61,780
- Profit (loss) carried forward +€12,295
up €12,295 (+25.2%), from €48,780 to €61,075
- Gross operating margin -€77,747
down €77,747 (-17.5%), from €444,306 to €366,559
- Staff costs -€32,873
down €32,873 (-13.6%), from €242,195 to €209,323
- Depreciation +€5,391
up €5,391 (+5.5%), from €97,524 to €102,915
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 | €1,168,626 | €998,195 | -€170,432 | -14.6% |
| Fixed assets | 21/28 | €662,189 | €567,536 | -€94,653 | -14.3% |
| Tangible fixed assets | 22/27 | €660,382 | €564,485 | -€95,897 | -14.5% |
| Plant, machinery and equipment | 23 | €643,726 | €555,436 | -€88,289 | -13.7% |
| Furniture and vehicles | 24 | €16,656 | €9,048 | -€7,608 | -45.7% |
| Financial fixed assets | 28 | €1,807 | €3,051 | +€1,244 | +68.8% |
| Current assets | 29/58 | €506,438 | €430,659 | -€75,779 | -15.0% |
| Stocks and contracts in progress | 3 | €362,345 | €385,012 | +€22,667 | +6.3% |
| Stocks | 30/36 | €362,345 | €385,012 | +€22,667 | +6.3% |
| Amounts receivable within one year | 40/41 | €123,398 | €22,523 | -€100,875 | -81.7% |
| Trade receivables | 40 | €24,319 | €1,142 | -€23,176 | -95.3% |
| Other amounts receivable | 41 | €99,079 | €21,380 | -€77,699 | -78.4% |
| Cash at bank and in hand | 54/58 | €17,648 | €23,124 | +€5,477 | +31.0% |
| Deferred charges and accrued income | 490/1 | €3,047 | - | -€3,047 | |
| Total equity and liabilities | 10/49 | €1,168,626 | €998,195 | -€170,432 | -14.6% |
| Equity | 10/15 | €125,558 | €137,853 | +€12,295 | +9.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €14,777 | €14,777 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €8,577 | €8,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,780 | €61,075 | +€12,295 | +25.2% |
| Amounts payable | 17/49 | €1,043,069 | €860,342 | -€182,727 | -17.5% |
| Amounts payable after more than one year | 17 | €484,753 | €410,089 | -€74,664 | -15.4% |
| Financial debts | 170/4 | €484,753 | €410,089 | -€74,664 | -15.4% |
| Amounts payable within one year | 42/48 | €550,877 | €442,839 | -€108,039 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €89,431 | €80,548 | -€8,884 | -9.9% |
| Financial debts | 43 | €22,240 | €61,780 | +€39,540 | +177.8% |
| Credit institutions | 430/8 | €22,240 | €61,780 | +€39,540 | +177.8% |
| Trade debts | 44 | €336,837 | €277,272 | -€59,565 | -17.7% |
| Suppliers | 440/4 | €336,837 | €277,272 | -€59,565 | -17.7% |
| Taxes, remuneration and social security | 45 | €35,047 | €23,239 | -€11,808 | -33.7% |
| Remuneration and social security | 454/9 | €35,047 | €23,239 | -€11,808 | -33.7% |
| Other amounts payable | 47/48 | €67,322 | - | -€67,322 | |
| Accrued charges and deferred income | 492/3 | €7,438 | €7,414 | -€24 | -0.3% |
| Remuneration, social security and pensions | 62 | €242,195 | €209,323 | -€32,873 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,524 | €102,915 | +€5,391 | +5.5% |
| Other operating charges | 640/8 | €14,638 | €18,899 | +€4,261 | +29.1% |
| Gross operating margin | 9900 | €444,306 | €366,559 | -€77,747 | -17.5% |
| Operating profit (loss) | 9901 | €89,948 | €35,422 | -€54,526 | -60.6% |
| Financial income | 75/76B | €3 | €5 | +€2 | +62.9% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +62.9% |
| Financial charges | 65/66B | €19,596 | €23,079 | +€3,483 | +17.8% |
| Recurring financial charges | 65 | €19,596 | €23,079 | +€3,483 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €70,355 | €12,348 | -€58,007 | -82.4% |
| Income taxes | 67/77 | €189 | €53 | -€136 | -72.2% |
| Profit (loss) for the period | 9904 | €70,166 | €12,295 | -€57,871 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,166 | €12,295 | -€57,871 | -82.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.