SAG CONSULTING: 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 CONSULTING
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€97,055
down €97,055 (-23.7%), from €409,414 to €312,359
- Receivables within one year +€14,484
up €14,484 (+12.1%), from €119,753 to €134,237
of which Trade receivables: +€21,050
- Reserves +€118,000
up €118,000 (+101%), from €116,860 to €234,860
of which Distributable reserves: +€118,000
- Tax, wage and social debts +€67,237
up €67,237 (+2,051%), from €3,278 to €70,516
- Trade debts -€39,588
down €39,588 (-90.6%), from €43,673 to €4,086
- Profit (loss) carried forward +€17,162
up €17,162 (+4.8%), from €360,061 to €377,222
- Other debts +€10,001
up €10,001 (+64.6%), from €15,487 to €25,488
- Gross operating margin +€65,923
up €65,923 (+89.9%), from €73,348 to €139,271
- Taxes +€7,259
up €7,259 (+21.7%), from €33,521 to €40,780
- Other operating charges -€4,310
down €4,310 (-83.2%), from €5,183 to €873
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,859 | €726,671 | +€174,812 | +31.7% |
| Fixed assets | 21/28 | €22,692 | €28,323 | +€5,631 | +24.8% |
| Tangible fixed assets | 22/27 | €2,692 | €8,323 | +€5,631 | +209% |
| Plant, machinery and equipment | 23 | €1,587 | €2,077 | +€490 | +30.9% |
| Furniture and vehicles | 24 | €1,105 | €6,246 | +€5,141 | +465% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €529,167 | €698,348 | +€169,181 | +32.0% |
| Amounts receivable within one year | 40/41 | €119,753 | €134,237 | +€14,484 | +12.1% |
| Trade receivables | 40 | €13,186 | €34,236 | +€21,050 | +160% |
| Other amounts receivable | 41 | €106,567 | €100,001 | -€6,566 | -6.2% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €409,414 | €312,359 | -€97,055 | -23.7% |
| Deferred charges and accrued income | 490/1 | - | €1,752 | +€1,752 | |
| Total equity and liabilities | 10/49 | €551,859 | €726,671 | +€174,812 | +31.7% |
| Equity | 10/15 | €489,421 | €624,582 | +€135,162 | +27.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €116,860 | €234,860 | +€118,000 | +101% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €233,000 | +€118,000 | +103% |
| Profit (loss) carried forward | 14 | €360,061 | €377,222 | +€17,162 | +4.8% |
| Amounts payable | 17/49 | €62,438 | €102,089 | +€39,651 | +63.5% |
| Amounts payable within one year | 42/48 | €62,438 | €102,089 | +€39,651 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,000 | +€2,000 | |
| Trade debts | 44 | €43,673 | €4,086 | -€39,588 | -90.6% |
| Suppliers | 440/4 | €43,673 | €4,086 | -€39,588 | -90.6% |
| Taxes, remuneration and social security | 45 | €3,278 | €70,516 | +€67,237 | +2,051% |
| Taxes | 450/3 | €3,278 | €70,516 | +€67,237 | +2,051% |
| Other amounts payable | 47/48 | €15,487 | €25,488 | +€10,001 | +64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,844 | €2,992 | +€1,148 | +62.3% |
| Other operating charges | 640/8 | €5,183 | €873 | -€4,310 | -83.2% |
| Gross operating margin | 9900 | €73,348 | €139,271 | +€65,923 | +89.9% |
| Operating profit (loss) | 9901 | €66,321 | €135,406 | +€69,084 | +104% |
| Financial income | 75/76B | €0 | €31 | +€31 | +308,100% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +308,100% |
| Financial charges | 65/66B | €1,760 | €1,019 | -€741 | -42.1% |
| Recurring financial charges | 65 | €1,760 | €1,019 | -€741 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €64,562 | €134,418 | +€69,856 | +108% |
| Income taxes | 67/77 | €33,521 | €40,780 | +€7,259 | +21.7% |
| Profit (loss) for the period | 9904 | €31,041 | €93,637 | +€62,597 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €31,041 | €93,637 | +€62,597 | +202% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.