SGSB HORECA: 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.
SGSB HORECA
Largest movements
- Receivables within one year +€55,088
up €55,088 (+22,303%), from €247 to €55,335
of which Trade receivables: +€55,335
- Cash -€31,383
down €31,383 (-82.2%), from €38,200 to €6,817
mainly Receivables within one year (-€55,088) and Current portion of long-term debt (-€6,694)
- Tangible fixed assets -€7,046
down €7,046 (-10.3%), from €68,396 to €61,350
of which Plant, machinery and equipment: -€4,852
- Stocks and contracts +€2,222
up €2,222 (+27.0%), from €8,220 to €10,442
- Profit (loss) carried forward +€22,691
up €22,691 (+112%), from €20,284 to €42,975
- Current portion of long-term debt -€6,694
down €6,694 (-34.5%), from €19,393 to €12,699
- Trade debts +€4,049
up €4,049 (+6.8%), from €59,976 to €64,025
- Gross operating margin +€81,496
up €81,496 (+1,799%), from €4,531 to €86,027
- Staff costs +€37,402
up €37,402 (+643%), from €5,820 to €43,222
- Taxes +€3,604
new in 2024: €3,604
- Depreciation +€3,158
up €3,158 (+43.5%), from €7,265 to €10,423
- Financial charges +€1,802
up €1,802 (+113%), from €1,591 to €3,393
of which Financial charges: +€1,740
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,044 | €140,404 | +€20,360 | +17.0% |
| Formation expenses | 20 | - | €1,068 | +€1,068 | |
| Fixed assets | 21/28 | €73,377 | €66,742 | -€6,635 | -9.0% |
| Tangible fixed assets | 22/27 | €68,396 | €61,350 | -€7,046 | -10.3% |
| Plant, machinery and equipment | 23 | €39,689 | €34,837 | -€4,852 | -12.2% |
| Furniture and vehicles | 24 | €7,707 | €9,513 | +€1,806 | +23.4% |
| Other tangible fixed assets | 26 | €21,000 | €17,000 | -€4,000 | -19.0% |
| Financial fixed assets | 28 | €4,981 | €5,392 | +€411 | +8.3% |
| Current assets | 29/58 | €46,667 | €72,594 | +€25,927 | +55.6% |
| Stocks and contracts in progress | 3 | €8,220 | €10,442 | +€2,222 | +27.0% |
| Stocks | 30/36 | €8,220 | €10,442 | +€2,222 | +27.0% |
| Amounts receivable within one year | 40/41 | €247 | €55,335 | +€55,088 | +22,303% |
| Trade receivables | 40 | - | €55,335 | +€55,335 | |
| Other amounts receivable | 41 | €247 | - | -€247 | |
| Cash at bank and in hand | 54/58 | €38,200 | €6,817 | -€31,383 | -82.2% |
| Total equity and liabilities | 10/49 | €120,044 | €140,404 | +€20,360 | +17.0% |
| Equity | 10/15 | €26,501 | €49,192 | +€22,691 | +85.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17 | €17 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17 | €17 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17 | €17 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,284 | €42,975 | +€22,691 | +112% |
| Amounts payable | 17/49 | €93,543 | €91,212 | -€2,331 | -2.5% |
| Amounts payable within one year | 42/48 | €93,543 | €91,212 | -€2,331 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €19,393 | €12,699 | -€6,694 | -34.5% |
| Trade debts | 44 | €59,976 | €64,025 | +€4,049 | +6.8% |
| Suppliers | 440/4 | €59,976 | €64,025 | +€4,049 | +6.8% |
| Taxes, remuneration and social security | 45 | €14,174 | €14,488 | +€314 | +2.2% |
| Taxes | 450/3 | €13,501 | €3,942 | -€9,559 | -70.8% |
| Remuneration and social security | 454/9 | €673 | €10,546 | +€9,873 | +1,467% |
| Remuneration, social security and pensions | 62 | €5,820 | €43,222 | +€37,402 | +643% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,265 | €10,423 | +€3,158 | +43.5% |
| Other operating charges | 640/8 | €2,811 | €2,699 | -€112 | -4.0% |
| Non-recurring operating charges | 66A | €9 | - | -€9 | |
| Gross operating margin | 9900 | €4,531 | €86,027 | +€81,496 | +1,799% |
| Operating profit (loss) | 9901 | -€11,374 | €29,683 | +€41,057 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Non-recurring financial income | 76B | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,591 | €3,393 | +€1,802 | +113% |
| Recurring financial charges | 65 | €1,591 | €3,331 | +€1,740 | +109% |
| Non-recurring financial charges | 66B | - | €62 | +€62 | |
| Profit (loss) for the period before taxes | 9903 | -€12,965 | €26,295 | +€39,260 | |
| Income taxes | 67/77 | - | €3,604 | +€3,604 | |
| Profit (loss) for the period | 9904 | -€12,965 | €22,691 | +€35,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,965 | €22,691 | +€35,656 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.