SG NEURO: 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 NEURO
Largest movements
- Tangible fixed assets -€7,703
down €7,703 (-24.3%), from €31,697 to €23,995
of which Furniture and vehicles: -€8,025
- Cash +€6,221
up €6,221 (+7.7%), from €80,780 to €87,001
mainly Net result for the year (+€26,560) and Depreciation (+€9,024)
- Receivables within one year +€3,134
up €3,134, from €0 to €3,134
- Profit (loss) carried forward +€26,560
up €26,560 (+34.2%), from €77,549 to €104,109
- Other debts -€21,138
down €21,138 (-83.6%), from €25,282 to €4,144
- Tax, wage and social debts -€4,052
down €4,052 (-68.8%), from €5,892 to €1,840
of which Taxes: -€4,066
- Gross operating margin +€14,130
up €14,130 (+48.9%), from €28,899 to €43,029
- Taxes +€2,974
up €2,974 (+76.4%), from €3,892 to €6,866
- Other operating charges -€557
down €557 (-52.7%), from €1,058 to €501
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,778 | €115,869 | +€1,091 | +1.0% |
| Formation expenses | 20 | €386 | €66 | -€320 | -83.0% |
| Fixed assets | 21/28 | €32,726 | €25,023 | -€7,703 | -23.5% |
| Tangible fixed assets | 22/27 | €31,697 | €23,995 | -€7,703 | -24.3% |
| Plant, machinery and equipment | 23 | - | €917 | +€917 | |
| Furniture and vehicles | 24 | €28,030 | €20,005 | -€8,025 | -28.6% |
| Other tangible fixed assets | 26 | €3,667 | €3,073 | -€595 | -16.2% |
| Financial fixed assets | 28 | €1,029 | €1,029 | = | 0.0% |
| Current assets | 29/58 | €81,667 | €90,780 | +€9,113 | +11.2% |
| Amounts receivable within one year | 40/41 | €0 | €3,134 | +€3,134 | |
| Other amounts receivable | 41 | €0 | €3,134 | +€3,134 | |
| Cash at bank and in hand | 54/58 | €80,780 | €87,001 | +€6,221 | +7.7% |
| Deferred charges and accrued income | 490/1 | €887 | €645 | -€241 | -27.2% |
| Total equity and liabilities | 10/49 | €114,778 | €115,869 | +€1,091 | +1.0% |
| Equity | 10/15 | €80,549 | €107,109 | +€26,560 | +33.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,549 | €104,109 | +€26,560 | +34.2% |
| Amounts payable | 17/49 | €34,229 | €8,760 | -€25,469 | -74.4% |
| Amounts payable within one year | 42/48 | €33,330 | €7,860 | -€25,469 | -76.4% |
| Trade debts | 44 | €2,156 | €1,877 | -€279 | -12.9% |
| Suppliers | 440/4 | €2,156 | €1,877 | -€279 | -12.9% |
| Taxes, remuneration and social security | 45 | €5,892 | €1,840 | -€4,052 | -68.8% |
| Taxes | 450/3 | €4,066 | €0 | -€4,066 | -100% |
| Remuneration and social security | 454/9 | €1,826 | €1,840 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €25,282 | €4,144 | -€21,138 | -83.6% |
| Accrued charges and deferred income | 492/3 | €899 | €899 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,973 | €9,024 | +€51 | +0.6% |
| Other operating charges | 640/8 | €1,058 | €501 | -€557 | -52.7% |
| Non-recurring operating charges | 66A | €49 | €0 | -€49 | -100% |
| Gross operating margin | 9900 | €28,899 | €43,029 | +€14,130 | +48.9% |
| Operating profit (loss) | 9901 | €18,819 | €33,505 | +€14,686 | +78.0% |
| Financial charges | 65/66B | €77 | €79 | +€3 | +3.3% |
| Recurring financial charges | 65 | €77 | €79 | +€3 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €18,743 | €33,426 | +€14,683 | +78.3% |
| Income taxes | 67/77 | €3,892 | €6,866 | +€2,974 | +76.4% |
| Profit (loss) for the period | 9904 | €14,851 | €26,560 | +€11,709 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,851 | €26,560 | +€11,709 | +78.8% |
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 20 October 2026 via checked.be.