SGVH CONSULTING: what changed
What changed
SGVH CONSULTING
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€126,773
2024 · €68,789+€57,985
Equity
€518,841
2024 · €552,408-€33,567
Cash
€15,194
2024 · €8,855+€6,339
Balance sheet total
€1.9m
2024 · €2.0m-€52,017
Largest movements
Assets
- Receivables within one year -€52,000
down €52,000 (-51.6%), from €100,846 to €48,846
of which Trade receivables: -€51,842
Equity and liabilities
- Reserves -€32,750
down €32,750 (-11.2%), from €293,000 to €260,250
- Debts after one year -€30,823
down €30,823 (-3.2%), from €957,410 to €926,587
Income statement
- Financial income +€42,402
up €42,402 (+127%), from €33,287 to €75,689
- Gross operating margin +€27,008
up €27,008 (+17.3%), from €156,286 to €183,295
- Taxes +€12,933
up €12,933 (+63.4%), from €20,390 to €33,323
- Other operating charges +€5,728
up €5,728 (+38.8%), from €14,746 to €20,473
- Depreciation -€4,018
down €4,018 (-7.3%), from €54,891 to €50,873
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€68,789
Gross operating margin
+€27,008
Depreciation
+€4,018
Other operating charges
-€5,728
Financial income
+€42,402
Financial charges
+€3,218
Taxes
-€12,933
Result 2025
€126,773
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€250,894
Investment
-€54,349
Financing
-€190,206
Cash 2024
€8,855
From operations (derived)
+€250,894
Net result for the year
+€126,773
Depreciation
+€50,873
Receivables within one year
+€52,000
Deferred charges and accrued income
+€9,831
Trade debts
+€531
Tax, wage and social debts
+€14,113
Other debts
+€595
Accrued charges and deferred income
-€3,823
Investment (derived)
-€54,349
Investment in fixed assets (net)
-€54,349
Financing
-€190,206
Debts after one year
-€30,823
Current portion of long-term debt
+€2,771
Short-term financial debts
-€1,815
Contributions, distributions and other
-€160,340
Cash 2025
€15,194
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,961,093 | €1,909,076 | -€52,017 | -2.7% |
| Fixed assets | 21/28 | €1,787,734 | €1,791,209 | +€3,476 | +0.2% |
| Tangible fixed assets | 22/27 | €1,137,833 | €1,141,309 | +€3,476 | +0.3% |
| Land and buildings | 22 | €1,105,793 | €1,063,587 | -€42,206 | -3.8% |
| Furniture and vehicles | 24 | - | €2,067 | +€2,067 | |
| Leasing and similar rights | 25 | €30,363 | €74,380 | +€44,017 | +145% |
| Other tangible fixed assets | 26 | €1,677 | €1,274 | -€403 | -24.0% |
| Financial fixed assets | 28 | €649,900 | €649,900 | = | 0.0% |
| Current assets | 29/58 | €173,359 | €117,867 | -€55,492 | -32.0% |
| Amounts receivable after more than one year | 29 | €53,000 | €53,000 | = | 0.0% |
| Other amounts receivable | 291 | €53,000 | €53,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,846 | €48,846 | -€52,000 | -51.6% |
| Trade receivables | 40 | €97,692 | €45,850 | -€51,842 | -53.1% |
| Other amounts receivable | 41 | €3,154 | €2,996 | -€158 | -5.0% |
| Cash at bank and in hand | 54/58 | €8,855 | €15,194 | +€6,339 | +71.6% |
| Deferred charges and accrued income | 490/1 | €10,658 | €827 | -€9,831 | -92.2% |
| Total equity and liabilities | 10/49 | €1,961,093 | €1,909,076 | -€52,017 | -2.7% |
| Equity | 10/15 | €552,408 | €518,841 | -€33,567 | -6.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €293,000 | €260,250 | -€32,750 | -11.2% |
| Distributable reserves | 133 | €293,000 | €260,250 | -€32,750 | -11.2% |
| Profit (loss) carried forward | 14 | €251,348 | €250,531 | -€817 | -0.3% |
| Amounts payable | 17/49 | €1,408,685 | €1,390,235 | -€18,450 | -1.3% |
| Amounts payable after more than one year | 17 | €957,410 | €926,587 | -€30,823 | -3.2% |
| Financial debts | 170/4 | €957,410 | €926,587 | -€30,823 | -3.2% |
| Amounts payable within one year | 42/48 | €414,833 | €431,029 | +€16,196 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €70,619 | €73,391 | +€2,771 | +3.9% |
| Financial debts | 43 | €3,386 | €1,571 | -€1,815 | -53.6% |
| Credit institutions | 430/8 | €3,386 | €1,571 | -€1,815 | -53.6% |
| Trade debts | 44 | €7,645 | €8,176 | +€531 | +6.9% |
| Suppliers | 440/4 | €7,645 | €8,176 | +€531 | +6.9% |
| Taxes, remuneration and social security | 45 | €43,145 | €57,258 | +€14,113 | +32.7% |
| Taxes | 450/3 | €40,270 | €56,008 | +€15,738 | +39.1% |
| Remuneration and social security | 454/9 | €2,875 | €1,250 | -€1,625 | -56.5% |
| Other amounts payable | 47/48 | €290,038 | €290,633 | +€595 | +0.2% |
| Accrued charges and deferred income | 492/3 | €36,441 | €32,618 | -€3,823 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,891 | €50,873 | -€4,018 | -7.3% |
| Other operating charges | 640/8 | €14,746 | €20,473 | +€5,728 | +38.8% |
| Gross operating margin | 9900 | €156,286 | €183,295 | +€27,008 | +17.3% |
| Operating profit (loss) | 9901 | €86,650 | €111,948 | +€25,299 | +29.2% |
| Financial income | 75/76B | €33,287 | €75,689 | +€42,402 | +127% |
| Recurring financial income | 75 | €33,287 | €75,689 | +€42,402 | +127% |
| Financial charges | 65/66B | €30,759 | €27,541 | -€3,218 | -10.5% |
| Recurring financial charges | 65 | €30,759 | €27,541 | -€3,218 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €89,178 | €160,096 | +€70,918 | +79.5% |
| Income taxes | 67/77 | €20,390 | €33,323 | +€12,933 | +63.4% |
| Profit (loss) for the period | 9904 | €68,789 | €126,773 | +€57,985 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,789 | €126,773 | +€57,985 | +84.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.