SGS TECH: 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.
SGS TECH
Largest movements
- Receivables after one year -€44,249
down €44,249 (-23.5%), from €188,202 to €143,953
- Tangible fixed assets +€5,942
up €5,942 (+127%), from €4,685 to €10,627
of which Land and buildings: +€5,214
- Cash +€5,019
up €5,019 (+25.2%), from €19,909 to €24,928
mainly Receivables after one year (+€44,249) and Net result for the year (+€26,103)
- Reserves -€21,707
down €21,707 (-9.2%), from €236,949 to €215,242
- Trade debts -€8,138
down €8,138 (-70.7%), from €11,507 to €3,369
- Tax, wage and social debts -€3,696
down €3,696 (-20.4%), from €18,118 to €14,421
of which Taxes: -€3,396
- Current portion of long-term debt -€3,529
down €3,529 (-26.1%), from €13,529 to €10,000
- Gross operating margin -€33,956
down €33,956 (-37.4%), from €90,882 to €56,926
- Taxes -€9,340
down €9,340 (-36.5%), from €25,558 to €16,218
- Staff costs +€2,031
up €2,031 (+41.0%), from €4,949 to €6,980
- Financial income +€1,484
up €1,484 (+511,593%), from €0 to €1,484
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 | €292,452 | €258,191 | -€34,260 | -11.7% |
| Fixed assets | 21/28 | €5,375 | €11,317 | +€5,942 | +111% |
| Tangible fixed assets | 22/27 | €4,685 | €10,627 | +€5,942 | +127% |
| Land and buildings | 22 | - | €5,214 | +€5,214 | |
| Plant, machinery and equipment | 23 | €1,436 | €1,007 | -€429 | -29.9% |
| Furniture and vehicles | 24 | €3,249 | €4,407 | +€1,158 | +35.6% |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €287,077 | €246,874 | -€40,203 | -14.0% |
| Amounts receivable after more than one year | 29 | €188,202 | €143,953 | -€44,249 | -23.5% |
| Other amounts receivable | 291 | €188,202 | €143,953 | -€44,249 | -23.5% |
| Amounts receivable within one year | 40/41 | €78,966 | €77,993 | -€973 | -1.2% |
| Trade receivables | 40 | €22,355 | €32,000 | +€9,645 | +43.1% |
| Other amounts receivable | 41 | €56,611 | €45,993 | -€10,618 | -18.8% |
| Cash at bank and in hand | 54/58 | €19,909 | €24,928 | +€5,019 | +25.2% |
| Total equity and liabilities | 10/49 | €292,452 | €258,191 | -€34,260 | -11.7% |
| Equity | 10/15 | €248,682 | €228,079 | -€20,604 | -8.3% |
| Reserves | 13 | €236,949 | €215,242 | -€21,707 | -9.2% |
| Distributable reserves | 133 | €236,949 | €215,242 | -€21,707 | -9.2% |
| Profit (loss) carried forward | 14 | €11,734 | €12,837 | +€1,103 | +9.4% |
| Amounts payable | 17/49 | €43,769 | €30,113 | -€13,657 | -31.2% |
| Amounts payable within one year | 42/48 | €43,769 | €30,113 | -€13,657 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €13,529 | €10,000 | -€3,529 | -26.1% |
| Financial debts | 43 | - | €2,284 | +€2,284 | |
| Credit institutions | 430/8 | - | €2,284 | +€2,284 | |
| Trade debts | 44 | €11,507 | €3,369 | -€8,138 | -70.7% |
| Suppliers | 440/4 | €11,507 | €3,369 | -€8,138 | -70.7% |
| Taxes, remuneration and social security | 45 | €18,118 | €14,421 | -€3,696 | -20.4% |
| Taxes | 450/3 | €17,818 | €14,421 | -€3,396 | -19.1% |
| Remuneration and social security | 454/9 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €616 | €38 | -€578 | -93.8% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €4,949 | €6,980 | +€2,031 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €3,767 | +€388 | +11.5% |
| Other operating charges | 640/8 | €2,994 | €3,016 | +€22 | +0.7% |
| Gross operating margin | 9900 | €90,882 | €56,926 | -€33,956 | -37.4% |
| Operating profit (loss) | 9901 | €79,560 | €43,163 | -€36,397 | -45.7% |
| Financial income | 75/76B | €0 | €1,484 | +€1,484 | +511,593% |
| Recurring financial income | 75 | €0 | €1,484 | +€1,484 | +511,593% |
| Financial charges | 65/66B | €3,136 | €2,325 | -€811 | -25.9% |
| Recurring financial charges | 65 | €3,136 | €2,325 | -€811 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €76,424 | €42,322 | -€34,102 | -44.6% |
| Income taxes | 67/77 | €25,558 | €16,218 | -€9,340 | -36.5% |
| Profit (loss) for the period | 9904 | €50,866 | €26,103 | -€24,763 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,866 | €26,103 | -€24,763 | -48.7% |
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 25 October 2026 via checked.be.