SAGA ORTHO: 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.
SAGA ORTHO
Largest movements
- Current investments -€204,020
down €204,020 (-96.2%), from €212,020 to €8,000
- Cash +€149,759
up €149,759 (+2,084%), from €7,186 to €156,945
mainly Current investments (+€204,020) and Net result for the year (+€169,604)
- Tangible fixed assets -€22,511
down €22,511 (-20.8%), from €108,243 to €85,732
of which Land and buildings: -€13,240
- Other debts -€76,247
down €76,247 (-79.5%), from €95,903 to €19,656
- Tax, wage and social debts +€6,185
up €6,185 (+38.0%), from €16,287 to €22,472
of which Taxes: +€4,439
- Reserves -€3,667
down €3,667 (-2.1%), from €173,271 to €169,604
- Gross operating margin -€3,940
down €3,940 (-1.5%), from €266,062 to €262,122
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.
Derived cash bridge
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 | €332,370 | €258,273 | -€74,097 | -22.3% |
| Fixed assets | 21/28 | €108,293 | €85,782 | -€22,511 | -20.8% |
| Tangible fixed assets | 22/27 | €108,243 | €85,732 | -€22,511 | -20.8% |
| Land and buildings | 22 | €70,295 | €57,055 | -€13,240 | -18.8% |
| Plant, machinery and equipment | 23 | €286 | €201 | -€85 | -29.7% |
| Furniture and vehicles | 24 | €30,981 | €21,778 | -€9,203 | -29.7% |
| Other tangible fixed assets | 26 | €6,681 | €6,698 | +€17 | +0.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €224,077 | €172,491 | -€51,586 | -23.0% |
| Amounts receivable within one year | 40/41 | €1,326 | €3,974 | +€2,648 | +200% |
| Trade receivables | 40 | €1,326 | €3,974 | +€2,648 | +200% |
| Current investments | 50/53 | €212,020 | €8,000 | -€204,020 | -96.2% |
| Cash at bank and in hand | 54/58 | €7,186 | €156,945 | +€149,759 | +2,084% |
| Deferred charges and accrued income | 490/1 | €3,545 | €3,572 | +€27 | +0.8% |
| Total equity and liabilities | 10/49 | €332,370 | €258,273 | -€74,097 | -22.3% |
| Equity | 10/15 | €216,671 | €213,004 | -€3,667 | -1.7% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €173,271 | €169,604 | -€3,667 | -2.1% |
| Distributable reserves | 133 | €173,271 | €169,604 | -€3,667 | -2.1% |
| Amounts payable | 17/49 | €115,699 | €45,269 | -€70,430 | -60.9% |
| Amounts payable within one year | 42/48 | €115,699 | €45,269 | -€70,430 | -60.9% |
| Trade debts | 44 | €3,509 | €3,141 | -€368 | -10.5% |
| Suppliers | 440/4 | €3,509 | €3,141 | -€368 | -10.5% |
| Taxes, remuneration and social security | 45 | €16,287 | €22,472 | +€6,185 | +38.0% |
| Taxes | 450/3 | €16,287 | €20,726 | +€4,439 | +27.3% |
| Remuneration and social security | 454/9 | €0 | €1,746 | +€1,746 | |
| Other amounts payable | 47/48 | €95,903 | €19,656 | -€76,247 | -79.5% |
| Remuneration, social security and pensions | 62 | €13,028 | €14,646 | +€1,618 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,191 | €24,606 | -€585 | -2.3% |
| Other operating charges | 640/8 | €3,653 | €3,745 | +€92 | +2.5% |
| Gross operating margin | 9900 | €266,062 | €262,122 | -€3,940 | -1.5% |
| Operating profit (loss) | 9901 | €224,190 | €219,125 | -€5,065 | -2.3% |
| Financial income | 75/76B | €3,418 | €2,226 | -€1,192 | -34.9% |
| Recurring financial income | 75 | €3,418 | €2,226 | -€1,192 | -34.9% |
| Financial charges | 65/66B | €1,457 | €926 | -€531 | -36.4% |
| Recurring financial charges | 65 | €1,457 | €926 | -€531 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €226,151 | €220,425 | -€5,726 | -2.5% |
| Income taxes | 67/77 | €52,911 | €50,821 | -€2,090 | -4.0% |
| Profit (loss) for the period | 9904 | €173,240 | €169,604 | -€3,636 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €173,240 | €169,604 | -€3,636 | -2.1% |
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 27 October 2026 via checked.be.