SAG CONSTRUCTIONS: 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.
SAG CONSTRUCTIONS
Largest movements
- Cash -€36,227
down €36,227 (-95.5%), from €37,933 to €1,706
mainly Deferred charges and accrued income (-€34,465) and Trade debts (-€10,848)
- Deferred charges and accrued income +€34,465
up €34,465 (+3,068%), from €1,123 to €35,588
- Tangible fixed assets -€15,736
down €15,736 (-29.5%), from €53,260 to €37,524
- Receivables within one year +€9,971
up €9,971 (+16.0%), from €62,282 to €72,254
of which Trade receivables: +€7,641
- Trade debts -€10,848
down €10,848 (-28.0%), from €38,798 to €27,951
- Debts after one year -€7,037
down €7,037 (-24.9%), from €28,283 to €21,247
- Other debts +€6,552
up €6,552 (+1,461%), from €448 to €7,000
- Current portion of long-term debt -€5,126
down €5,126 (-42.1%), from €12,163 to €7,037
- Profit (loss) carried forward +€4,497
up €4,497 (+8.1%), from €55,395 to €59,892
- Gross operating margin +€23,074
up €23,074 (+66.4%), from €34,735 to €57,809
- Financial charges +€10,290
up €10,290 (+191%), from €5,377 to €15,667
- Depreciation +€9,293
up €9,293 (+60.9%), from €15,252 to €24,545
- Other operating charges -€605
down €605 (-22.9%), from €2,640 to €2,034
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,599 | €147,072 | -€7,527 | -4.9% |
| Fixed assets | 21/28 | €53,260 | €37,524 | -€15,736 | -29.5% |
| Tangible fixed assets | 22/27 | €53,260 | €37,524 | -€15,736 | -29.5% |
| Furniture and vehicles | 24 | €53,260 | €37,524 | -€15,736 | -29.5% |
| Current assets | 29/58 | €101,339 | €109,548 | +€8,210 | +8.1% |
| Amounts receivable within one year | 40/41 | €62,282 | €72,254 | +€9,971 | +16.0% |
| Trade receivables | 40 | €51,042 | €58,683 | +€7,641 | +15.0% |
| Other amounts receivable | 41 | €11,240 | €13,571 | +€2,331 | +20.7% |
| Cash at bank and in hand | 54/58 | €37,933 | €1,706 | -€36,227 | -95.5% |
| Deferred charges and accrued income | 490/1 | €1,123 | €35,588 | +€34,465 | +3,068% |
| Total equity and liabilities | 10/49 | €154,599 | €147,072 | -€7,527 | -4.9% |
| Equity | 10/15 | €69,655 | €74,152 | +€4,497 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,395 | €59,892 | +€4,497 | +8.1% |
| Amounts payable | 17/49 | €84,944 | €72,920 | -€12,024 | -14.2% |
| Amounts payable after more than one year | 17 | €28,283 | €21,247 | -€7,037 | -24.9% |
| Financial debts | 170/4 | €28,283 | €21,247 | -€7,037 | -24.9% |
| Amounts payable within one year | 42/48 | €56,661 | €51,674 | -€4,987 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €12,163 | €7,037 | -€5,126 | -42.1% |
| Trade debts | 44 | €38,798 | €27,951 | -€10,848 | -28.0% |
| Suppliers | 440/4 | €38,798 | €27,951 | -€10,848 | -28.0% |
| Taxes, remuneration and social security | 45 | €5,251 | €9,686 | +€4,435 | +84.5% |
| Taxes | 450/3 | €5,251 | €9,686 | +€4,435 | +84.5% |
| Other amounts payable | 47/48 | €448 | €7,000 | +€6,552 | +1,461% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,252 | €24,545 | +€9,293 | +60.9% |
| Other operating charges | 640/8 | €2,640 | €2,034 | -€605 | -22.9% |
| Gross operating margin | 9900 | €34,735 | €57,809 | +€23,074 | +66.4% |
| Operating profit (loss) | 9901 | €16,844 | €31,231 | +€14,386 | +85.4% |
| Financial income | 75/76B | €874 | €1,368 | +€494 | +56.5% |
| Recurring financial income | 75 | €874 | €1,368 | +€494 | +56.5% |
| Financial charges | 65/66B | €5,377 | €15,667 | +€10,290 | +191% |
| Recurring financial charges | 65 | €5,377 | €15,667 | +€10,290 | +191% |
| Profit (loss) for the period before taxes | 9903 | €12,342 | €16,932 | +€4,590 | +37.2% |
| Income taxes | 67/77 | €5,620 | €5,435 | -€185 | -3.3% |
| Profit (loss) for the period | 9904 | €6,722 | €11,497 | +€4,775 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,722 | €11,497 | +€4,775 | +71.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.