SADEGGER: 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.
SADEGGER
Largest movements
- Tangible fixed assets +€31,798
up €31,798 (+11.6%), from €274,859 to €306,658
of which Furniture and vehicles: +€54,042
- Other debts +€30,288
up €30,288 (+42.3%), from €71,544 to €101,832
- Debts after one year -€19,633
down €19,633 (-10.8%), from €181,320 to €161,687
of which Financial debts: -€12,133
- Reserves +€18,683
up €18,683 (+14.7%), from €126,670 to €145,353
- Tax, wage and social debts -€12,281
down €12,281 (-71.0%), from €17,293 to €5,012
- Accrued charges and deferred income +€9,377
up €9,377 (+59.9%), from €15,641 to €25,018
- Gross operating margin +€17,526
up €17,526 (+17.1%), from €102,380 to €119,905
- Depreciation +€12,850
up €12,850 (+52.4%), from €24,542 to €37,393
- Taxes +€1,940
up €1,940 (+12.3%), from €15,749 to €17,689
- Financial charges -€1,292
down €1,292 (-9.1%), from €14,183 to €12,891
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 | €427,313 | €454,489 | +€27,176 | +6.4% |
| Fixed assets | 21/28 | €277,316 | €308,915 | +€31,598 | +11.4% |
| Intangible fixed assets | 21 | €357 | €157 | -€200 | -56.0% |
| Tangible fixed assets | 22/27 | €274,859 | €306,658 | +€31,798 | +11.6% |
| Land and buildings | 22 | €253,239 | €237,190 | -€16,049 | -6.3% |
| Plant, machinery and equipment | 23 | €19,702 | €13,508 | -€6,194 | -31.4% |
| Furniture and vehicles | 24 | €1,918 | €55,959 | +€54,042 | +2818.2% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €149,997 | €145,574 | -€4,423 | -2.9% |
| Amounts receivable within one year | 40/41 | €849 | €1,696 | +€847 | +99.9% |
| Trade receivables | 40 | €849 | €1,696 | +€847 | +99.9% |
| Cash at bank and in hand | 54/58 | €145,226 | €143,718 | -€1,507 | -1.0% |
| Deferred charges and accrued income | 490/1 | €3,923 | €160 | -€3,763 | -95.9% |
| Total equity and liabilities | 10/49 | €427,313 | €454,489 | +€27,176 | +6.4% |
| Equity | 10/15 | €129,670 | €148,353 | +€18,683 | +14.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €126,670 | €145,353 | +€18,683 | +14.7% |
| Distributable reserves | 133 | €126,670 | €145,353 | +€18,683 | +14.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €297,643 | €306,136 | +€8,493 | +2.9% |
| Amounts payable after more than one year | 17 | €181,320 | €161,687 | -€19,633 | -10.8% |
| Financial debts | 170/4 | €88,820 | €76,687 | -€12,133 | -13.7% |
| Other amounts payable | 178/9 | €92,500 | €85,000 | -€7,500 | -8.1% |
| Amounts payable within one year | 42/48 | €100,681 | €119,431 | +€18,750 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €11,801 | €12,133 | +€332 | +2.8% |
| Trade debts | 44 | €44 | €454 | +€410 | +936.3% |
| Suppliers | 440/4 | €44 | €454 | +€410 | +936.3% |
| Taxes, remuneration and social security | 45 | €17,293 | €5,012 | -€12,281 | -71.0% |
| Taxes | 450/3 | €17,293 | €5,012 | -€12,281 | -71.0% |
| Other amounts payable | 47/48 | €71,544 | €101,832 | +€30,288 | +42.3% |
| Accrued charges and deferred income | 492/3 | €15,641 | €25,018 | +€9,377 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,542 | €37,393 | +€12,850 | +52.4% |
| Other operating charges | 640/8 | €3,180 | €3,278 | +€98 | +3.1% |
| Gross operating margin | 9900 | €102,380 | €119,905 | +€17,526 | +17.1% |
| Operating profit (loss) | 9901 | €74,658 | €79,235 | +€4,577 | +6.1% |
| Financial income | 75/76B | €0 | €28 | +€28 | +281100.0% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +281100.0% |
| Financial charges | 65/66B | €14,183 | €12,891 | -€1,292 | -9.1% |
| Recurring financial charges | 65 | €14,183 | €12,891 | -€1,292 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €60,474 | €66,372 | +€5,897 | +9.8% |
| Income taxes | 67/77 | €15,749 | €17,689 | +€1,940 | +12.3% |
| Profit (loss) for the period | 9904 | €44,725 | €48,683 | +€3,958 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,725 | €48,683 | +€3,958 | +8.8% |
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 10 October 2026 via checked.be.