SGSERVICE: 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.
SGSERVICE
Largest movements
- Receivables within one year +€184,881
up €184,881 (+1074.5%), from €17,206 to €202,087
of which Other amounts receivable: +€181,692
- Cash -€104,752
down €104,752 (-98.8%), from €105,997 to €1,245
mainly Receivables within one year (-€184,881) and Investment in fixed assets (net) (-€24,760)
- Profit (loss) carried forward +€58,270
up €58,270 (+84.1%), from €69,309 to €127,579
- Current portion of long-term debt +€33,048
new in 2025: €33,048
- Tax, wage and social debts +€23,863
up €23,863 (+86.1%), from €27,700 to €51,564
- Trade debts -€22,637
down €22,637 (-91.6%), from €24,719 to €2,082
- Debts after one year -€14,707
down €14,707 (-3.3%), from €450,000 to €435,293
- Other operating charges -€68,702
down €68,702 (-99.8%), from €68,850 to €148
- Gross operating margin -€39,959
down €39,959 (-25.4%), from €157,151 to €117,192
- Depreciation +€26,073
up €26,073 (+1817.8%), from €1,434 to €27,507
- Financial charges +€16,332
up €16,332 (+13240.3%), from €123 to €16,455
- Taxes -€2,623
down €2,623 (-15.0%), from €17,435 to €14,811
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 | €574,228 | €652,066 | +€77,838 | +13.6% |
| Fixed assets | 21/28 | €451,025 | €448,278 | -€2,747 | -0.6% |
| Tangible fixed assets | 22/27 | €451,025 | €448,278 | -€2,747 | -0.6% |
| Land and buildings | 22 | €450,000 | €382,590 | -€67,410 | -15.0% |
| Plant, machinery and equipment | 23 | - | €31,268 | +€31,268 | |
| Furniture and vehicles | 24 | €1,025 | €34,420 | +€33,395 | +3258.9% |
| Current assets | 29/58 | €123,203 | €203,788 | +€80,585 | +65.4% |
| Amounts receivable within one year | 40/41 | €17,206 | €202,087 | +€184,881 | +1074.5% |
| Trade receivables | 40 | €17,206 | €20,395 | +€3,189 | +18.5% |
| Other amounts receivable | 41 | - | €181,692 | +€181,692 | |
| Cash at bank and in hand | 54/58 | €105,997 | €1,245 | -€104,752 | -98.8% |
| Deferred charges and accrued income | 490/1 | - | €456 | +€456 | |
| Total equity and liabilities | 10/49 | €574,228 | €652,066 | +€77,838 | +13.6% |
| Equity | 10/15 | €71,809 | €130,079 | +€58,270 | +81.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,309 | €127,579 | +€58,270 | +84.1% |
| Amounts payable | 17/49 | €502,419 | €521,987 | +€19,568 | +3.9% |
| Amounts payable after more than one year | 17 | €450,000 | €435,293 | -€14,707 | -3.3% |
| Financial debts | 170/4 | €450,000 | €435,293 | -€14,707 | -3.3% |
| Amounts payable within one year | 42/48 | €52,419 | €86,694 | +€34,275 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | - | €33,048 | +€33,048 | |
| Trade debts | 44 | €24,719 | €2,082 | -€22,637 | -91.6% |
| Suppliers | 440/4 | €24,719 | €2,082 | -€22,637 | -91.6% |
| Taxes, remuneration and social security | 45 | €27,700 | €51,564 | +€23,863 | +86.1% |
| Taxes | 450/3 | €27,700 | €51,564 | +€23,863 | +86.1% |
| Non-recurring operating income | 76A | - | €17,854 | +€17,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €27,507 | +€26,073 | +1817.8% |
| Other operating charges | 640/8 | €68,850 | €148 | -€68,702 | -99.8% |
| Gross operating margin | 9900 | €157,151 | €117,192 | -€39,959 | -25.4% |
| Operating profit (loss) | 9901 | €86,867 | €89,537 | +€2,670 | +3.1% |
| Financial charges | 65/66B | €123 | €16,455 | +€16,332 | +13240.3% |
| Recurring financial charges | 65 | €123 | €16,455 | +€16,332 | +13240.3% |
| Profit (loss) for the period before taxes | 9903 | €86,744 | €73,082 | -€13,662 | -15.7% |
| Income taxes | 67/77 | €17,435 | €14,811 | -€2,623 | -15.0% |
| Profit (loss) for the period | 9904 | €69,309 | €58,270 | -€11,039 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,309 | €58,270 | -€11,039 | -15.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.