SAGA Estate: what changed
SAGA Estate
Largest movements
- Cash -€15,023
down €15,023 (-61.5%), from €24,424 to €9,401
mainly Net result for the year (-€8,303) and Debts after one year (-€3,670)
- Tangible fixed assets -€3,778
down €3,778 (-29.3%), from €12,878 to €9,100
- Receivables within one year +€3,370
up €3,370 (+97.9%), from €3,441 to €6,811
of which Other amounts receivable: +€4,295
- Deferred charges and accrued income -€579
down €579 (-71.9%), from €805 to €226
- Profit (loss) carried forward -€8,303
down €8,303 (-36.9%), from €22,483 to €14,180
- Debts after one year -€3,670
down €3,670 (-100%), from €3,670 to €0
- Current portion of long-term debt -€2,347
down €2,347 (-39.0%), from €6,017 to €3,670
- Tax, wage and social debts -€1,352
down €1,352 (-47.6%), from €2,842 to €1,490
- Other debts -€1,143
down €1,143 (-59.4%), from €1,925 to €782
- Gross operating margin -€12,915
down €12,915, from €9,586 to -€3,329
- Taxes +€2,333
up €2,333, from -€2,118 to €214
- Depreciation +€1,764
up €1,764 (+87.6%), from €2,014 to €3,778
- Financial charges -€666
down €666 (-53.5%), from €1,244 to €579
- Other operating charges +€405
up €405 (+161%), from €251 to €656
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,773 | €25,763 | -€16,010 | -38.3% |
| Fixed assets | 21/28 | €13,103 | €9,325 | -€3,778 | -28.8% |
| Tangible fixed assets | 22/27 | €12,878 | €9,100 | -€3,778 | -29.3% |
| Furniture and vehicles | 24 | €12,878 | €9,100 | -€3,778 | -29.3% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €28,670 | €16,438 | -€12,232 | -42.7% |
| Amounts receivable within one year | 40/41 | €3,441 | €6,811 | +€3,370 | +97.9% |
| Trade receivables | 40 | €947 | €22 | -€925 | -97.7% |
| Other amounts receivable | 41 | €2,494 | €6,790 | +€4,295 | +172% |
| Cash at bank and in hand | 54/58 | €24,424 | €9,401 | -€15,023 | -61.5% |
| Deferred charges and accrued income | 490/1 | €805 | €226 | -€579 | -71.9% |
| Total equity and liabilities | 10/49 | €41,773 | €25,763 | -€16,010 | -38.3% |
| Equity | 10/15 | €24,983 | €16,680 | -€8,303 | -33.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,483 | €14,180 | -€8,303 | -36.9% |
| Amounts payable | 17/49 | €16,789 | €9,083 | -€7,706 | -45.9% |
| Amounts payable after more than one year | 17 | €3,670 | €0 | -€3,670 | -100% |
| Financial debts | 170/4 | €3,670 | €0 | -€3,670 | -100% |
| Amounts payable within one year | 42/48 | €13,119 | €9,083 | -€4,037 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €6,017 | €3,670 | -€2,347 | -39.0% |
| Trade debts | 44 | €2,335 | €3,141 | +€806 | +34.5% |
| Suppliers | 440/4 | €2,335 | €3,141 | +€806 | +34.5% |
| Taxes, remuneration and social security | 45 | €2,842 | €1,490 | -€1,352 | -47.6% |
| Taxes | 450/3 | €2,842 | €1,490 | -€1,352 | -47.6% |
| Other amounts payable | 47/48 | €1,925 | €782 | -€1,143 | -59.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,014 | €3,778 | +€1,764 | +87.6% |
| Other operating charges | 640/8 | €251 | €656 | +€405 | +161% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,586 | -€3,329 | -€12,915 | |
| Operating profit (loss) | 9901 | €7,322 | -€7,762 | -€15,083 | |
| Financial income | 75/76B | €98 | €252 | +€153 | +156% |
| Recurring financial income | 75 | €98 | €252 | +€153 | +156% |
| Financial charges | 65/66B | €1,244 | €579 | -€666 | -53.5% |
| Recurring financial charges | 65 | €1,244 | €579 | -€666 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €6,176 | -€8,089 | -€14,264 | |
| Income taxes | 67/77 | -€2,118 | €214 | +€2,333 | |
| Profit (loss) for the period | 9904 | €8,294 | -€8,303 | -€16,597 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,294 | -€8,303 | -€16,597 |
Next steps
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 2 November 2026 via checked.be.