SGRT: 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.
SGRT
Largest movements
- Cash +€31,928
up €31,928 (+133.1%), from €23,989 to €55,917
mainly Net result for the year (+€24,436) and Investment in fixed assets (net) (+€9,988)
- Tangible fixed assets -€10,190
down €10,190 (-88.9%), from €11,466 to €1,275
- Reserves +€24,436
up €24,436 (+193.3%), from €12,641 to €37,077
- Other debts -€9,445
down €9,445 (-98.1%), from €9,631 to €186
- Tax, wage and social debts +€6,533
up €6,533 (+63.2%), from €10,343 to €16,876
- Gross operating margin +€12,966
up €12,966 (+53.3%), from €24,307 to €37,273
- Taxes +€4,081
up €4,081 (+68.7%), from €5,941 to €10,022
- Depreciation -€3,332
down €3,332 (-94.3%), from €3,534 to €202
- Financial charges +€1,185
up €1,185 (+3948.4%), from €30 to €1,215
- Other operating charges -€612
down €612 (-47.0%), from €1,301 to €690
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 | €35,675 | €57,566 | +€21,891 | +61.4% |
| Fixed assets | 21/28 | €11,466 | €1,275 | -€10,190 | -88.9% |
| Tangible fixed assets | 22/27 | €11,466 | €1,275 | -€10,190 | -88.9% |
| Furniture and vehicles | 24 | €11,466 | €1,275 | -€10,190 | -88.9% |
| Current assets | 29/58 | €24,209 | €56,290 | +€32,081 | +132.5% |
| Cash at bank and in hand | 54/58 | €23,989 | €55,917 | +€31,928 | +133.1% |
| Deferred charges and accrued income | 490/1 | €221 | €374 | +€153 | +69.3% |
| Total equity and liabilities | 10/49 | €35,675 | €57,566 | +€21,891 | +61.4% |
| Equity | 10/15 | €15,641 | €40,077 | +€24,436 | +156.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,641 | €37,077 | +€24,436 | +193.3% |
| Distributable reserves | 133 | €12,641 | €37,077 | +€24,436 | +193.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,034 | €17,488 | -€2,546 | -12.7% |
| Amounts payable within one year | 42/48 | €20,034 | €17,168 | -€2,866 | -14.3% |
| Trade debts | 44 | €59 | €106 | +€47 | +79.4% |
| Suppliers | 440/4 | €59 | €106 | +€47 | +79.4% |
| Taxes, remuneration and social security | 45 | €10,343 | €16,876 | +€6,533 | +63.2% |
| Taxes | 450/3 | €10,343 | €16,876 | +€6,533 | +63.2% |
| Other amounts payable | 47/48 | €9,631 | €186 | -€9,445 | -98.1% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,534 | €202 | -€3,332 | -94.3% |
| Other operating charges | 640/8 | €1,301 | €690 | -€612 | -47.0% |
| Non-recurring operating charges | 66A | - | €708 | +€708 | |
| Gross operating margin | 9900 | €24,307 | €37,273 | +€12,966 | +53.3% |
| Operating profit (loss) | 9901 | €19,471 | €35,673 | +€16,202 | +83.2% |
| Financial charges | 65/66B | €30 | €1,215 | +€1,185 | +3948.4% |
| Recurring financial charges | 65 | €30 | €1,215 | +€1,185 | +3948.4% |
| Profit (loss) for the period before taxes | 9903 | €19,441 | €34,458 | +€15,017 | +77.2% |
| Income taxes | 67/77 | €5,941 | €10,022 | +€4,081 | +68.7% |
| Profit (loss) for the period | 9904 | €13,500 | €24,436 | +€10,936 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,500 | €24,436 | +€10,936 | +81.0% |
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 9 October 2026 via checked.be.