SGR CONSULT: 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.
SGR CONSULT
Largest movements
- Receivables within one year -€34,619
down €34,619 (-72.4%), from €47,816 to €13,197
of which Trade receivables: -€34,610
- Cash +€24,940
up €24,940 (+177.0%), from €14,088 to €39,028
mainly Other debts (+€39,434) and Receivables within one year (+€34,619)
- Tangible fixed assets +€8,402
up €8,402 (+15.3%), from €54,909 to €63,311
of which Plant, machinery and equipment: +€21,744
- Other debts +€39,434
up €39,434 (+295.8%), from €13,329 to €52,763
- Profit (loss) carried forward -€21,883
down €21,883 (-51.4%), from €42,599 to €20,716
- Debts after one year -€11,590
down €11,590 (-85.6%), from €13,536 to €1,946
- Trade debts -€6,298
down €6,298 (-65.5%), from €9,616 to €3,318
- Gross operating margin -€21,225
down €21,225 (-87.3%), from €24,322 to €3,097
- Depreciation +€3,480
up €3,480 (+17.5%), from €19,864 to €23,344
- Taxes -€1,231
down €1,231 (-89.7%), from €1,372 to €141
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 | €116,852 | €115,570 | -€1,282 | -1.1% |
| Fixed assets | 21/28 | €54,909 | €63,311 | +€8,402 | +15.3% |
| Tangible fixed assets | 22/27 | €54,909 | €63,311 | +€8,402 | +15.3% |
| Plant, machinery and equipment | 23 | €22,401 | €44,145 | +€21,744 | +97.1% |
| Furniture and vehicles | 24 | €32,508 | €19,166 | -€13,342 | -41.0% |
| Current assets | 29/58 | €61,943 | €52,259 | -€9,684 | -15.6% |
| Amounts receivable within one year | 40/41 | €47,816 | €13,197 | -€34,619 | -72.4% |
| Trade receivables | 40 | €47,776 | €13,166 | -€34,610 | -72.4% |
| Other amounts receivable | 41 | €40 | €32 | -€8 | -20.6% |
| Cash at bank and in hand | 54/58 | €14,088 | €39,028 | +€24,940 | +177.0% |
| Deferred charges and accrued income | 490/1 | €39 | €34 | -€6 | -14.1% |
| Total equity and liabilities | 10/49 | €116,852 | €115,570 | -€1,282 | -1.1% |
| Equity | 10/15 | €48,799 | €26,916 | -€21,883 | -44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,599 | €20,716 | -€21,883 | -51.4% |
| Amounts payable | 17/49 | €68,054 | €88,655 | +€20,601 | +30.3% |
| Amounts payable after more than one year | 17 | €13,536 | €1,946 | -€11,590 | -85.6% |
| Financial debts | 170/4 | €13,536 | €1,946 | -€11,590 | -85.6% |
| Amounts payable within one year | 42/48 | €54,517 | €86,708 | +€32,191 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €11,443 | €11,590 | +€147 | +1.3% |
| Trade debts | 44 | €9,616 | €3,318 | -€6,298 | -65.5% |
| Suppliers | 440/4 | €9,616 | €3,318 | -€6,298 | -65.5% |
| Taxes, remuneration and social security | 45 | €20,129 | €19,037 | -€1,092 | -5.4% |
| Taxes | 450/3 | €11,870 | €10,837 | -€1,033 | -8.7% |
| Remuneration and social security | 454/9 | €8,259 | €8,200 | -€59 | -0.7% |
| Other amounts payable | 47/48 | €13,329 | €52,763 | +€39,434 | +295.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,864 | €23,344 | +€3,480 | +17.5% |
| Other operating charges | 640/8 | €504 | €413 | -€91 | -18.1% |
| Gross operating margin | 9900 | €24,322 | €3,097 | -€21,225 | -87.3% |
| Operating profit (loss) | 9901 | €3,954 | -€20,660 | -€24,614 | |
| Financial income | 75/76B | €5 | €1 | -€5 | -83.2% |
| Recurring financial income | 75 | €5 | €1 | -€5 | -83.2% |
| Financial charges | 65/66B | €1,210 | €1,083 | -€127 | -10.5% |
| Recurring financial charges | 65 | €1,210 | €1,083 | -€127 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €2,750 | -€21,742 | -€24,492 | |
| Income taxes | 67/77 | €1,372 | €141 | -€1,231 | -89.7% |
| Profit (loss) for the period | 9904 | €1,378 | -€21,883 | -€23,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,378 | -€21,883 | -€23,261 |
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 12 October 2026 via checked.be.