SG Electro: 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.
SG Electro
Largest movements
- Receivables within one year +€31,405
up €31,405 (+121.8%), from €25,781 to €57,186
of which Trade receivables: +€35,860
- Cash -€654
down €654 (-99.3%), from €658 to €4
mainly Receivables within one year (-€31,405) and Tax, wage and social debts (-€1,763)
- Trade debts +€26,542
up €26,542 (+1713.5%), from €1,549 to €28,091
- Profit (loss) carried forward +€5,991
up €5,991 (+47.5%), from -€12,610 to -€6,619
- Tax, wage and social debts -€1,763
down €1,763 (-27.3%), from €6,451 to €4,688
- Purchases and services +€5,869
up €5,869 (+12.0%), from €48,838 to €54,707
- Gross operating margin -€5,652
down €5,652 (-43.3%), from €13,062 to €7,410
- Taxes -€1,434
down €1,434 (-46.8%), from €3,061 to €1,627
- Other operating charges +€542
up €542 (+180.7%), from €300 to €842
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 | €27,555 | €58,326 | +€30,771 | +111.7% |
| Fixed assets | 21/28 | €87 | €87 | -€0 | -0.5% |
| Financial fixed assets | 28 | €87 | €87 | -€0 | -0.5% |
| Current assets | 29/58 | €27,468 | €58,239 | +€30,771 | +112.0% |
| Amounts receivable within one year | 40/41 | €25,781 | €57,186 | +€31,405 | +121.8% |
| Trade receivables | 40 | - | €35,860 | +€35,860 | |
| Other amounts receivable | 41 | €25,781 | €21,326 | -€4,455 | -17.3% |
| Cash at bank and in hand | 54/58 | €658 | €4 | -€654 | -99.3% |
| Deferred charges and accrued income | 490/1 | €1,029 | €1,049 | +€20 | +1.9% |
| Total equity and liabilities | 10/49 | €27,555 | €58,326 | +€30,771 | +111.7% |
| Equity | 10/15 | €19,555 | €25,547 | +€5,992 | +30.6% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €13,573 | €13,573 | +€0 | 0.0% |
| Distributable reserves | 133 | €13,573 | €13,573 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€12,610 | -€6,619 | +€5,991 | +47.5% |
| Amounts payable | 17/49 | €8,000 | €32,779 | +€24,779 | +309.7% |
| Amounts payable within one year | 42/48 | €8,000 | €32,779 | +€24,779 | +309.7% |
| Trade debts | 44 | €1,549 | €28,091 | +€26,542 | +1713.5% |
| Suppliers | 440/4 | €1,549 | €28,091 | +€26,542 | +1713.5% |
| Taxes, remuneration and social security | 45 | €6,451 | €4,688 | -€1,763 | -27.3% |
| Taxes | 450/3 | €6,451 | €4,688 | -€1,763 | -27.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,838 | €54,707 | +€5,869 | +12.0% |
| Other operating charges | 640/8 | €300 | €842 | +€542 | +180.7% |
| Gross operating margin | 9900 | €13,062 | €7,410 | -€5,652 | -43.3% |
| Operating profit (loss) | 9901 | €12,762 | €6,568 | -€6,194 | -48.5% |
| Financial income | 75/76B | €1,028 | €1,056 | +€28 | +2.8% |
| Recurring financial income | 75 | €1,028 | €1,056 | +€28 | +2.8% |
| Financial charges | 65/66B | €132 | €6 | -€126 | -95.6% |
| Recurring financial charges | 65 | €132 | €6 | -€126 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €13,658 | €7,619 | -€6,039 | -44.2% |
| Income taxes | 67/77 | €3,061 | €1,627 | -€1,434 | -46.8% |
| Profit (loss) for the period | 9904 | €10,597 | €5,991 | -€4,606 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,597 | €5,991 | -€4,606 | -43.5% |
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 10 October 2026 via checked.be.