SGT: 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.
SGT
Largest movements
- Cash +€5,826
up €5,826 (+331%), from €1,759 to €7,585
mainly Other debts (+€38,714) and Net result for the year (+€2,593)
- Stocks and contracts +€2,580
up €2,580 (+7.4%), from €35,000 to €37,580
- Receivables within one year -€1,483
down €1,483 (-11.5%), from €12,912 to €11,429
- Financial fixed assets +€1,000
up €1,000 (+2,000%), from €50 to €1,050
- Other debts +€38,714
up €38,714 (+76.0%), from €50,908 to €89,622
- Trade debts -€33,869
down €33,869 (-79.4%), from €42,637 to €8,768
- Profit (loss) carried forward +€2,593
up €2,593 (+4.0%), from -€64,289 to -€61,696
- Gross operating margin +€27,837
up €27,837, from -€22,571 to €5,266
- Financial charges -€4,120
down €4,120 (-81.2%), from €5,075 to €956
- Staff costs +€1,892
up €1,892, from -€1,892 to €0
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 | €49,982 | €57,687 | +€7,705 | +15.4% |
| Fixed assets | 21/28 | €50 | €1,050 | +€1,000 | +2,000% |
| Financial fixed assets | 28 | €50 | €1,050 | +€1,000 | +2,000% |
| Current assets | 29/58 | €49,932 | €56,637 | +€6,705 | +13.4% |
| Stocks and contracts in progress | 3 | €35,000 | €37,580 | +€2,580 | +7.4% |
| Stocks | 30/36 | €35,000 | €37,580 | +€2,580 | +7.4% |
| Amounts receivable within one year | 40/41 | €12,912 | €11,429 | -€1,483 | -11.5% |
| Trade receivables | 40 | €12,912 | €11,429 | -€1,483 | -11.5% |
| Cash at bank and in hand | 54/58 | €1,759 | €7,585 | +€5,826 | +331% |
| Deferred charges and accrued income | 490/1 | €261 | €42 | -€219 | -83.9% |
| Total equity and liabilities | 10/49 | €49,982 | €57,687 | +€7,705 | +15.4% |
| Equity | 10/15 | -€43,829 | -€41,236 | +€2,593 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,289 | -€61,696 | +€2,593 | +4.0% |
| Amounts payable | 17/49 | €93,811 | €98,923 | +€5,112 | +5.4% |
| Amounts payable within one year | 42/48 | €93,811 | €98,923 | +€5,112 | +5.4% |
| Trade debts | 44 | €42,637 | €8,768 | -€33,869 | -79.4% |
| Suppliers | 440/4 | €42,637 | €8,768 | -€33,869 | -79.4% |
| Taxes, remuneration and social security | 45 | €266 | €533 | +€267 | +100% |
| Taxes | 450/3 | €266 | €533 | +€267 | +100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €50,908 | €89,622 | +€38,714 | +76.0% |
| Remuneration, social security and pensions | 62 | -€1,892 | €0 | +€1,892 | |
| Other operating charges | 640/8 | €1,749 | €1,837 | +€88 | +5.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€22,571 | €5,266 | +€27,837 | |
| Operating profit (loss) | 9901 | -€22,428 | €3,429 | +€25,857 | |
| Financial income | 75/76B | €81 | €120 | +€39 | +48.6% |
| Recurring financial income | 75 | €81 | €120 | +€39 | +48.6% |
| Financial charges | 65/66B | €5,075 | €956 | -€4,120 | -81.2% |
| Recurring financial charges | 65 | €5,075 | €956 | -€4,120 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,423 | €2,593 | +€30,016 | |
| Profit (loss) for the period | 9904 | -€27,423 | €2,593 | +€30,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,423 | €2,593 | +€30,016 |
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 25 October 2026 via checked.be.