SG OPTICS: what changed
Two fiscal 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 OPTICS
Largest movements
- Tangible fixed assets -€10,844
down €10,844 (-21.8%), from €49,805 to €38,961
of which Furniture and vehicles: -€10,181
- Receivables within one year +€10,087
up €10,087 (+91.1%), from €11,078 to €21,166
of which Trade receivables: +€9,995
- Cash +€3,897
up €3,897 (+515.5%), from €756 to €4,653
mainly Depreciation (+€10,844) and Net result for the year (+€9,352)
- Profit (loss) carried forward +€9,352
up €9,352 (+102.6%), from €9,112 to €18,463
- Debts after one year -€8,511
down €8,511 (-27.8%), from €30,630 to €22,119
- Short-term financial debts +€3,000
new in 2025: €3,000
- Tax, wage and social debts -€800
down €800 (-7.4%), from €10,845 to €10,045
of which Remuneration and social security: -€4,333
- Gross operating margin +€5,023
up €5,023 (+25.0%), from €20,075 to €25,098
- Depreciation +€3,753
up €3,753 (+52.9%), from €7,091 to €10,844
- Financial charges +€562
up €562 (+48.5%), from €1,159 to €1,721
- Taxes +€413
up €413 (+15.9%), from €2,588 to €3,000
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 | €61,639 | €64,848 | +€3,209 | +5.2% |
| Fixed assets | 21/28 | €49,805 | €38,961 | -€10,844 | -21.8% |
| Tangible fixed assets | 22/27 | €49,805 | €38,961 | -€10,844 | -21.8% |
| Furniture and vehicles | 24 | €43,314 | €33,133 | -€10,181 | -23.5% |
| Other tangible fixed assets | 26 | €6,491 | €5,828 | -€663 | -10.2% |
| Current assets | 29/58 | €11,834 | €25,887 | +€14,053 | +118.8% |
| Amounts receivable within one year | 40/41 | €11,078 | €21,166 | +€10,087 | +91.1% |
| Trade receivables | 40 | €11,058 | €21,052 | +€9,995 | +90.4% |
| Other amounts receivable | 41 | €21 | €113 | +€93 | +448.7% |
| Cash at bank and in hand | 54/58 | €756 | €4,653 | +€3,897 | +515.5% |
| Deferred charges and accrued income | 490/1 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €61,639 | €64,848 | +€3,209 | +5.2% |
| Equity | 10/15 | €10,112 | €19,463 | +€9,352 | +92.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,112 | €18,463 | +€9,352 | +102.6% |
| Amounts payable | 17/49 | €51,527 | €45,385 | -€6,142 | -11.9% |
| Amounts payable after more than one year | 17 | €30,630 | €22,119 | -€8,511 | -27.8% |
| Financial debts | 170/4 | €30,630 | €22,119 | -€8,511 | -27.8% |
| Amounts payable within one year | 42/48 | €20,897 | €23,266 | +€2,369 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €8,158 | €8,511 | +€353 | +4.3% |
| Financial debts | 43 | - | €3,000 | +€3,000 | |
| Credit institutions | 430/8 | - | €3,000 | +€3,000 | |
| Trade debts | 44 | €1,397 | €1,710 | +€313 | +22.4% |
| Suppliers | 440/4 | €1,397 | €1,710 | +€313 | +22.4% |
| Taxes, remuneration and social security | 45 | €10,845 | €10,045 | -€800 | -7.4% |
| Taxes | 450/3 | €5,375 | €8,908 | +€3,533 | +65.7% |
| Remuneration and social security | 454/9 | €5,470 | €1,137 | -€4,333 | -79.2% |
| Other amounts payable | 47/48 | €497 | €0 | -€497 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,091 | €10,844 | +€3,753 | +52.9% |
| Other operating charges | 640/8 | €126 | €228 | +€102 | +81.0% |
| Gross operating margin | 9900 | €20,075 | €25,098 | +€5,023 | +25.0% |
| Operating profit (loss) | 9901 | €12,858 | €14,026 | +€1,168 | +9.1% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €1,159 | €1,721 | +€562 | +48.5% |
| Recurring financial charges | 65 | €1,159 | €1,721 | +€562 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €11,699 | €12,352 | +€652 | +5.6% |
| Income taxes | 67/77 | €2,588 | €3,000 | +€413 | +15.9% |
| Profit (loss) for the period | 9904 | €9,112 | €9,352 | +€240 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,112 | €9,352 | +€240 | +2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.