SG THERAPIE: 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 THERAPIE
Largest movements
- Tangible fixed assets +€27,838
new in 2025: €27,838
of which Other tangible fixed assets: +€26,670
- Receivables within one year +€10,897
up €10,897 (+308%), from €3,535 to €14,432
- Cash -€8,035
down €8,035 (-55.1%), from €14,588 to €6,553
mainly Investment in fixed assets (net) (-€28,209) and Receivables within one year (-€10,897)
- Current portion of long-term debt +€24,445
new in 2025: €24,445
- Trade debts +€6,062
up €6,062 (+1,121%), from €541 to €6,603
- Profit (loss) carried forward +€2,867
up €2,867 (+24.1%), from €11,892 to €14,759
- Tax, wage and social debts -€2,617
down €2,617 (-78.4%), from €3,340 to €723
- Gross operating margin -€15,204
down €15,204 (-73.4%), from €20,708 to €5,504
- Taxes -€2,221
down €2,221 (-52.3%), from €4,246 to €2,025
- Financial charges +€579
up €579 (+322%), from €180 to €759
- Staff costs -€460
no longer reported in 2025 (was €460)
- Depreciation +€314
new in 2025: €314
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 | €18,953 | €49,710 | +€30,757 | +162% |
| Fixed assets | 21/28 | €830 | €28,725 | +€27,895 | +3,361% |
| Tangible fixed assets | 22/27 | - | €27,838 | +€27,838 | |
| Furniture and vehicles | 24 | - | €1,168 | +€1,168 | |
| Other tangible fixed assets | 26 | - | €26,670 | +€26,670 | |
| Financial fixed assets | 28 | €830 | €887 | +€57 | +6.9% |
| Current assets | 29/58 | €18,123 | €20,985 | +€2,862 | +15.8% |
| Amounts receivable within one year | 40/41 | €3,535 | €14,432 | +€10,897 | +308% |
| Other amounts receivable | 41 | €3,535 | €14,432 | +€10,897 | +308% |
| Cash at bank and in hand | 54/58 | €14,588 | €6,553 | -€8,035 | -55.1% |
| Total equity and liabilities | 10/49 | €18,953 | €49,710 | +€30,757 | +162% |
| Equity | 10/15 | €14,392 | €17,259 | +€2,867 | +19.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,892 | €14,759 | +€2,867 | +24.1% |
| Amounts payable | 17/49 | €4,561 | €32,451 | +€27,890 | +611% |
| Amounts payable within one year | 42/48 | €4,561 | €32,451 | +€27,890 | +611% |
| Current portion of amounts payable after more than one year | 42 | - | €24,445 | +€24,445 | |
| Trade debts | 44 | €541 | €6,603 | +€6,062 | +1,121% |
| Suppliers | 440/4 | €541 | €6,603 | +€6,062 | +1,121% |
| Advances received on contracts in progress | 46 | €680 | €680 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,340 | €723 | -€2,617 | -78.4% |
| Taxes | 450/3 | €3,340 | €723 | -€2,617 | -78.4% |
| Remuneration, social security and pensions | 62 | €460 | - | -€460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €314 | +€314 | |
| Other operating charges | 640/8 | €62 | €47 | -€15 | -24.2% |
| Non-recurring operating charges | 66A | €222 | - | -€222 | |
| Gross operating margin | 9900 | €20,708 | €5,504 | -€15,204 | -73.4% |
| Operating profit (loss) | 9901 | €19,964 | €5,143 | -€14,821 | -74.2% |
| Financial income | 75/76B | €313 | €508 | +€195 | +62.3% |
| Recurring financial income | 75 | €313 | €508 | +€195 | +62.3% |
| Financial charges | 65/66B | €180 | €759 | +€579 | +322% |
| Recurring financial charges | 65 | €180 | €759 | +€579 | +322% |
| Profit (loss) for the period before taxes | 9903 | €20,097 | €4,892 | -€15,205 | -75.7% |
| Income taxes | 67/77 | €4,246 | €2,025 | -€2,221 | -52.3% |
| Profit (loss) for the period | 9904 | €15,851 | €2,867 | -€12,984 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,851 | €2,867 | -€12,984 | -81.9% |
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.