SADEGRO: 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.
SADEGRO
Largest movements
- Tangible fixed assets -€19,820
down €19,820 (-12.8%), from €155,261 to €135,441
of which Land and buildings: -€15,967
- Current portion of long-term debt -€13,992
down €13,992 (-79.8%), from €17,526 to €3,534
- Other debts -€6,246
down €6,246 (-13.0%), from €48,220 to €41,973
- Profit (loss) carried forward +€5,734
up €5,734 (+49.7%), from €11,537 to €17,271
- Debts after one year -€3,534
down €3,534 (-56.9%), from €6,210 to €2,676
- Trade debts -€1,639
down €1,639 (-54.5%), from €3,006 to €1,367
- Gross operating margin -€8,210
down €8,210 (-20.6%), from €39,930 to €31,721
- Taxes -€1,468
down €1,468 (-34.7%), from €4,233 to €2,765
- Financial charges -€938
down €938 (-71.4%), from €1,313 to €375
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 | €163,457 | €143,658 | -€19,799 | -12.1% |
| Fixed assets | 21/28 | €155,280 | €135,460 | -€19,820 | -12.8% |
| Tangible fixed assets | 22/27 | €155,261 | €135,441 | -€19,820 | -12.8% |
| Land and buildings | 22 | €143,293 | €127,327 | -€15,967 | -11.1% |
| Plant, machinery and equipment | 23 | €2,675 | €2,308 | -€367 | -13.7% |
| Furniture and vehicles | 24 | €9,293 | €5,807 | -€3,486 | -37.5% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €8,177 | €8,198 | +€21 | +0.3% |
| Amounts receivable within one year | 40/41 | €5,614 | €5,164 | -€451 | -8.0% |
| Trade receivables | 40 | €5,614 | €4,429 | -€1,185 | -21.1% |
| Other amounts receivable | 41 | €0 | €735 | +€735 | |
| Cash at bank and in hand | 54/58 | €2,000 | €3,034 | +€1,034 | +51.7% |
| Deferred charges and accrued income | 490/1 | €562 | €0 | -€562 | -100.0% |
| Total equity and liabilities | 10/49 | €163,457 | €143,658 | -€19,799 | -12.1% |
| Equity | 10/15 | €86,060 | €91,793 | +€5,734 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,923 | €55,923 | = | 0.0% |
| Distributable reserves | 133 | €55,923 | €55,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,537 | €17,271 | +€5,734 | +49.7% |
| Amounts payable | 17/49 | €77,397 | €51,864 | -€25,532 | -33.0% |
| Amounts payable after more than one year | 17 | €6,210 | €2,676 | -€3,534 | -56.9% |
| Financial debts | 170/4 | €6,210 | €2,676 | -€3,534 | -56.9% |
| Amounts payable within one year | 42/48 | €71,186 | €49,188 | -€21,998 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €17,526 | €3,534 | -€13,992 | -79.8% |
| Trade debts | 44 | €3,006 | €1,367 | -€1,639 | -54.5% |
| Suppliers | 440/4 | €3,006 | €1,367 | -€1,639 | -54.5% |
| Taxes, remuneration and social security | 45 | €2,435 | €2,314 | -€121 | -5.0% |
| Taxes | 450/3 | €2,435 | €2,314 | -€121 | -5.0% |
| Other amounts payable | 47/48 | €48,220 | €41,973 | -€6,246 | -13.0% |
| Remuneration, social security and pensions | 62 | €428 | €523 | +€95 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,171 | €19,820 | -€352 | -1.7% |
| Other operating charges | 640/8 | €2,248 | €2,547 | +€300 | +13.3% |
| Gross operating margin | 9900 | €39,930 | €31,721 | -€8,210 | -20.6% |
| Operating profit (loss) | 9901 | €17,083 | €8,831 | -€8,252 | -48.3% |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €1,313 | €375 | -€938 | -71.4% |
| Recurring financial charges | 65 | €1,313 | €375 | -€938 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €15,771 | €8,499 | -€7,272 | -46.1% |
| Income taxes | 67/77 | €4,233 | €2,765 | -€1,468 | -34.7% |
| Profit (loss) for the period | 9904 | €11,537 | €5,734 | -€5,804 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,537 | €5,734 | -€5,804 | -50.3% |
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.