SG LIGHTING SA/NV: 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.
What changed
SG LIGHTING SA/NV
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.6m+€365,973
Equity
€21.3m
2024 · €19.4m+€1.9m
Cash
€9.8m
2024 · €9.7m+€79,621
Balance sheet total
€27.2m
2024 · €27.3m-€91,743
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-9.8%), from €10.7m to €9.6m
of which Trade receivables: -€1.4m
- Stocks and contracts +€973,011
up €973,011 (+16.4%), from €5.9m to €6.9m
Equity and liabilities
- Profit (loss) carried forward +€1.9m
up €1.9m (+10.4%), from €18.4m to €20.3m
- Trade debts -€1.9m
down €1.9m (-29.6%), from €6.4m to €4.5m
Income statement
- Turnover +€1.6m
up €1.6m (+5.1%), from €32.5m to €34.1m
- Services and other goods +€1.3m
up €1.3m (+27.5%), from €4.7m to €6.0m
- Staff costs +€1.0m
up €1.0m (+18.5%), from €5.5m to €6.5m
- Goods and materials -€938,204
down €938,204 (-4.6%), from €20.5m to €19.6m
of which Change in stocks: decrease (increase): -€3.0m
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.
Result 2024
€1.6m
Turnover
+€1.6m
Other operating income
+€299,364
Goods and materials
+€938,204
Services and other goods
-€1.3m
Staff costs
-€1.0m
Depreciation
-€45,425
Write-downs
-€57,697
Other operating charges
+€62,872
Other operating items
-€41
Financial income
-€33,882
Financial charges
+€7,407
Taxes
-€140,666
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€267,860
Investment
-€188,239
Financing
€0
Cash 2024
€9.7m
From operations (derived)
+€267,860
Net result for the year
+€1.9m
Depreciation
+€213,367
Stocks and contracts
-€973,011
Receivables within one year
+€1.0m
Deferred charges and accrued income
+€70,420
Trade debts
-€1.9m
Tax, wage and social debts
-€32,060
Other debts
-€14,448
Accrued charges and deferred income
-€62,826
Investment (derived)
-€188,239
Investment in fixed assets (net)
-€188,239
Cash 2025
€9.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,278,685 | €27,186,942 | -€91,743 | -0.3% |
| Fixed assets | 21/28 | €647,239 | €622,111 | -€25,128 | -3.9% |
| Intangible fixed assets | 21 | €399,948 | €312,114 | -€87,833 | -22.0% |
| Tangible fixed assets | 22/27 | €219,177 | €263,754 | +€44,577 | +20.3% |
| Plant, machinery and equipment | 23 | €184,825 | €215,342 | +€30,517 | +16.5% |
| Furniture and vehicles | 24 | €34,351 | €48,412 | +€14,061 | +40.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €28,115 | €46,243 | +€18,128 | +64.5% |
| Other financial fixed assets | 284/8 | €28,115 | €46,243 | +€18,128 | +64.5% |
| Amounts receivable and cash guarantees | 285/8 | €28,115 | €46,243 | +€18,128 | +64.5% |
| Current assets | 29/58 | €26,631,446 | €26,564,831 | -€66,615 | -0.3% |
| Stocks and contracts in progress | 3 | €5,948,993 | €6,922,004 | +€973,011 | +16.4% |
| Stocks | 30/36 | €5,948,993 | €6,922,004 | +€973,011 | +16.4% |
| Raw materials and consumables | 30/31 | €5,926,846 | €6,865,065 | +€938,220 | +15.8% |
| Goods purchased for resale | 34 | €22,148 | €56,939 | +€34,791 | +157% |
| Amounts receivable within one year | 40/41 | €10,679,013 | €9,630,186 | -€1.0m | -9.8% |
| Trade receivables | 40 | €7,257,613 | €5,818,557 | -€1.4m | -19.8% |
| Other amounts receivable | 41 | €3,421,400 | €3,811,629 | +€390,230 | +11.4% |
| Cash at bank and in hand | 54/58 | €9,728,599 | €9,808,220 | +€79,621 | +0.8% |
| Deferred charges and accrued income | 490/1 | €274,840 | €204,420 | -€70,420 | -25.6% |
| Total equity and liabilities | 10/49 | €27,278,685 | €27,186,942 | -€91,743 | -0.3% |
| Equity | 10/15 | €19,369,990 | €21,290,177 | +€1.9m | +9.9% |
| Contributions | 10/11 | €870,000 | €870,000 | = | 0.0% |
| Capital | 10 | €870,000 | €870,000 | = | 0.0% |
| Issued capital | 100 | €870,000 | €870,000 | = | 0.0% |
| Reserves | 13 | €87,000 | €87,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €87,000 | €87,000 | = | 0.0% |
| Legal reserve | 130 | €87,000 | €87,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,412,990 | €20,333,177 | +€1.9m | +10.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €7,908,695 | €5,896,765 | -€2.0m | -25.4% |
| Amounts payable within one year | 42/48 | €7,845,300 | €5,896,197 | -€1.9m | -24.8% |
| Trade debts | 44 | €6,423,978 | €4,521,383 | -€1.9m | -29.6% |
| Suppliers | 440/4 | €6,423,978 | €4,521,383 | -€1.9m | -29.6% |
| Taxes, remuneration and social security | 45 | €1,406,819 | €1,374,759 | -€32,060 | -2.3% |
| Taxes | 450/3 | €414,833 | €326,926 | -€87,907 | -21.2% |
| Remuneration and social security | 454/9 | €991,987 | €1,047,834 | +€55,847 | +5.6% |
| Other amounts payable | 47/48 | €14,503 | €54 | -€14,448 | -99.6% |
| Accrued charges and deferred income | 492/3 | €63,394 | €568 | -€62,826 | -99.1% |
| Operating income | 70/76A | €33,044,536 | €34,993,199 | +€1.9m | +5.9% |
| Turnover | 70 | €32,492,060 | €34,141,400 | +€1.6m | +5.1% |
| Other operating income | 74 | €552,435 | €851,799 | +€299,364 | +54.2% |
| Non-recurring operating income | 76A | €41 | €0 | -€41 | -100% |
| Operating charges | 60/66A | €30,961,619 | €32,377,168 | +€1.4m | +4.6% |
| Goods for resale, raw materials and consumables | 60 | €20,491,038 | €19,552,833 | -€938,204 | -4.6% |
| Purchases | 600/8 | €18,449,638 | €20,554,275 | +€2.1m | +11.4% |
| Change in stocks: decrease (increase) | 609 | €2,041,400 | -€1,001,442 | -€3.0m | |
| Services and other goods | 61 | €4,699,870 | €5,991,000 | +€1.3m | +27.5% |
| Remuneration, social security and pensions | 62 | €5,511,559 | €6,533,933 | +€1.0m | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,942 | €213,367 | +€45,425 | +27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,679 | €52,018 | +€57,697 | |
| Other operating charges | 640/8 | €96,889 | €34,018 | -€62,872 | -64.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €2,082,917 | €2,616,031 | +€533,114 | +25.6% |
| Financial income | 75/76B | €142,770 | €108,888 | -€33,882 | -23.7% |
| Recurring financial income | 75 | €142,770 | €108,888 | -€33,882 | -23.7% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €107,563 | €79,081 | -€28,482 | -26.5% |
| Other financial income | 752/9 | €35,207 | €29,807 | -€5,400 | -15.3% |
| Financial charges | 65/66B | €96,167 | €88,760 | -€7,407 | -7.7% |
| Recurring financial charges | 65 | €96,167 | €88,760 | -€7,407 | -7.7% |
| Debt charges | 650 | €0 | €6,814 | +€6,814 | |
| Other financial charges | 652/9 | €96,167 | €81,946 | -€14,221 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €2,129,520 | €2,636,159 | +€506,639 | +23.8% |
| Income taxes | 67/77 | €575,307 | €715,973 | +€140,666 | +24.5% |
| Taxes | 670/3 | €575,307 | €715,973 | +€140,666 | +24.5% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,554,213 | €1,920,187 | +€365,973 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,554,213 | €1,920,187 | +€365,973 | +23.5% |
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 29 October 2026 via checked.be.