LES SAGAS: what changed
What changed
LES SAGAS
NACE 47.791, Retail sale of antiques
filed annual accounts (NBB)
Net result for the year
€449,311
2024 · -€27,063+€476,374
Equity
€462,448
2024 · €13,137+€449,311
Cash
€114,006
2024 · €8,978+€105,028
Balance sheet total
€2.9m
2024 · €82,488+€2.8m
Largest movements
Assets
- Financial fixed assets +€2.6m
new in 2025: €2.6m
- Receivables within one year +€189,989
up €189,989 (+862%), from €22,033 to €212,021
of which Other amounts receivable: +€145,542
- Cash +€105,028
up €105,028 (+1,170%), from €8,978 to €114,006
mainly Debts after one year (+€1.8m) and Net result for the year (+€449,311)
- Deferred charges and accrued income -€40,454
down €40,454 (-99.4%), from €40,684 to €230
Equity and liabilities
- Debts after one year +€1.8m
new in 2025: €1.8m
- Reserves +€443,898
up €443,898, from €0 to €443,898
- Current portion of long-term debt +€214,743
new in 2025: €214,743
- Short-term financial debts +€165,000
new in 2025: €165,000
- Other debts +€68,320
up €68,320 (+269%), from €25,417 to €93,737
Income statement
- Financial income +€499,894
up €499,894 (+429,573%), from €116 to €500,010
- Gross operating margin +€140,062
up €140,062 (+856%), from €16,366 to €156,428
- Financial charges +€119,109
up €119,109 (+279%), from €42,667 to €161,776
- Taxes +€44,958
up €44,958, from €0 to €44,958
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€27,063
Gross operating margin
+€140,062
Depreciation
+€199
Other operating charges
+€286
Financial income
+€499,894
Financial charges
-€119,109
Taxes
-€44,958
Result 2025
€449,311
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€439,498
Investment
-€2.6m
Financing
+€2.2m
Cash 2024
€8,978
From operations (derived)
+€439,498
Net result for the year
+€449,311
Stocks and contracts
+€4,529
Receivables within one year
-€189,989
Deferred charges and accrued income
+€40,454
Trade debts
-€30,388
Tax, wage and social debts
+€65,297
Other debts
+€68,320
Accrued charges and deferred income
+€31,963
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€2.2m
Debts after one year
+€1.8m
Current portion of long-term debt
+€214,743
Short-term financial debts
+€165,000
Cash 2025
€114,006
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,488 | €2,882,521 | +€2.8m | +3,394% |
| Fixed assets | 21/28 | €0 | €2,550,000 | +€2.6m | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €2,550,000 | +€2.6m | |
| Current assets | 29/58 | €82,488 | €332,521 | +€250,034 | +303% |
| Stocks and contracts in progress | 3 | €10,793 | €6,264 | -€4,529 | -42.0% |
| Stocks | 30/36 | €10,793 | €6,264 | -€4,529 | -42.0% |
| Amounts receivable within one year | 40/41 | €22,033 | €212,021 | +€189,989 | +862% |
| Trade receivables | 40 | €14,143 | €58,589 | +€44,446 | +314% |
| Other amounts receivable | 41 | €7,890 | €153,432 | +€145,542 | +1,845% |
| Cash at bank and in hand | 54/58 | €8,978 | €114,006 | +€105,028 | +1,170% |
| Deferred charges and accrued income | 490/1 | €40,684 | €230 | -€40,454 | -99.4% |
| Total equity and liabilities | 10/49 | €82,488 | €2,882,521 | +€2.8m | +3,394% |
| Equity | 10/15 | €13,137 | €462,448 | +€449,311 | +3,420% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | €443,898 | +€443,898 | |
| Distributable reserves | 133 | €0 | €443,898 | +€443,898 | |
| Profit (loss) carried forward | 14 | -€5,413 | €0 | +€5,413 | |
| Amounts payable | 17/49 | €69,351 | €2,420,073 | +€2.4m | +3,390% |
| Amounts payable after more than one year | 17 | - | €1,835,788 | +€1.8m | |
| Financial debts | 170/4 | - | €1,835,788 | +€1.8m | |
| Amounts payable within one year | 42/48 | €68,517 | €551,489 | +€482,972 | +705% |
| Current portion of amounts payable after more than one year | 42 | - | €214,743 | +€214,743 | |
| Financial debts | 43 | - | €165,000 | +€165,000 | |
| Credit institutions | 430/8 | - | €165,000 | +€165,000 | |
| Trade debts | 44 | €36,200 | €5,812 | -€30,388 | -83.9% |
| Suppliers | 440/4 | €36,200 | €5,812 | -€30,388 | -83.9% |
| Taxes, remuneration and social security | 45 | €6,900 | €72,197 | +€65,297 | +946% |
| Taxes | 450/3 | €5,400 | €68,983 | +€63,583 | +1,177% |
| Remuneration and social security | 454/9 | €1,500 | €3,214 | +€1,714 | +114% |
| Other amounts payable | 47/48 | €25,417 | €93,737 | +€68,320 | +269% |
| Accrued charges and deferred income | 492/3 | €834 | €32,797 | +€31,963 | +3,835% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199 | €0 | -€199 | -100% |
| Other operating charges | 640/8 | €679 | €393 | -€286 | -42.1% |
| Gross operating margin | 9900 | €16,366 | €156,428 | +€140,062 | +856% |
| Operating profit (loss) | 9901 | €15,487 | €156,035 | +€140,548 | +908% |
| Financial income | 75/76B | €116 | €500,010 | +€499,894 | +429,573% |
| Recurring financial income | 75 | €116 | €500,010 | +€499,894 | +429,573% |
| Financial charges | 65/66B | €42,667 | €161,776 | +€119,109 | +279% |
| Recurring financial charges | 65 | €42,667 | €161,776 | +€119,109 | +279% |
| Profit (loss) for the period before taxes | 9903 | -€27,063 | €494,269 | +€521,332 | |
| Income taxes | 67/77 | €0 | €44,958 | +€44,958 | |
| Profit (loss) for the period | 9904 | -€27,063 | €449,311 | +€476,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,063 | €449,311 | +€476,374 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.