SAGACIFY: what changed
Two fiscal 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.
SAGACIFY
Largest movements
- Receivables within one year -€1.6m
down €1.6m (-64.0%), from €2.5m to €882,126
of which Other amounts receivable: -€829,240
- Cash +€615,958
up €615,958 (+87.8%), from €701,261 to €1.3m
mainly Receivables within one year (+€1.6m) and Net result for the year (+€703,679)
- Intangible fixed assets +€355,834
up €355,834 (+31.4%), from €1.1m to €1.5m
- Deferred charges and accrued income +€302,516
up €302,516 (+3392.2%), from €8,918 to €311,434
- Investment grants -€712,494
down €712,494 (-82.4%), from €864,959 to €152,465
- Profit (loss) carried forward +€703,679
up €703,679 (+65.0%), from €1.1m to €1.8m
- Accrued charges and deferred income -€300,643
down €300,643 (-63.5%), from €473,594 to €172,951
- Tax, wage and social debts -€189,104
down €189,104 (-51.8%), from €365,336 to €176,231
of which Taxes: -€197,838
- Trade debts +€91,465
up €91,465 (+42.5%), from €215,108 to €306,573
of which Suppliers: +€86,965
- Gross operating margin -€423,718
down €423,718 (-13.2%), from €3.2m to €2.8m
- Staff costs +€163,442
up €163,442 (+12.0%), from €1.4m to €1.5m
- Depreciation +€82,938
up €82,938 (+20.0%), from €413,903 to €496,841
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 | €4,330,360 | €4,040,247 | -€290,112 | -6.7% |
| Formation expenses | 20 | €4,297 | €5,869 | +€1,572 | +36.6% |
| Fixed assets | 21/28 | €1,165,455 | €1,523,599 | +€358,145 | +30.7% |
| Intangible fixed assets | 21 | €1,134,014 | €1,489,848 | +€355,834 | +31.4% |
| Tangible fixed assets | 22/27 | €24,096 | €26,407 | +€2,310 | +9.6% |
| Plant, machinery and equipment | 23 | €15,669 | €12,046 | -€3,623 | -23.1% |
| Furniture and vehicles | 24 | €1,728 | €9,534 | +€7,806 | +451.7% |
| Other tangible fixed assets | 26 | €6,699 | €4,826 | -€1,872 | -28.0% |
| Financial fixed assets | 28 | €7,344 | €7,344 | = | 0.0% |
| Current assets | 29/58 | €3,160,608 | €2,510,780 | -€649,829 | -20.6% |
| Amounts receivable within one year | 40/41 | €2,450,429 | €882,126 | -€1.6m | -64.0% |
| Trade receivables | 40 | €1,115,184 | €376,121 | -€739,063 | -66.3% |
| Other amounts receivable | 41 | €1,335,245 | €506,005 | -€829,240 | -62.1% |
| Cash at bank and in hand | 54/58 | €701,261 | €1,317,219 | +€615,958 | +87.8% |
| Deferred charges and accrued income | 490/1 | €8,918 | €311,434 | +€302,516 | +3392.2% |
| Total equity and liabilities | 10/49 | €4,330,360 | €4,040,247 | -€290,112 | -6.7% |
| Equity | 10/15 | €2,004,814 | €2,025,300 | +€20,486 | +1.0% |
| Contributions | 10/11 | €53,512 | €82,813 | +€29,300 | +54.8% |
| Reserves | 13 | €3,542 | €3,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,542 | €3,542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,542 | €3,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,082,801 | €1,786,480 | +€703,679 | +65.0% |
| Investment grants | 15 | €864,959 | €152,465 | -€712,494 | -82.4% |
| Amounts payable | 17/49 | €2,325,546 | €2,014,948 | -€310,598 | -13.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,851,952 | €1,841,997 | -€9,955 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €80,459 | €170,193 | +€89,734 | +111.5% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €215,108 | €306,573 | +€91,465 | +42.5% |
| Suppliers | 440/4 | €215,108 | €302,073 | +€86,965 | +40.4% |
| Bills of exchange payable | 441 | - | €4,500 | +€4,500 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €365,336 | €176,231 | -€189,104 | -51.8% |
| Taxes | 450/3 | €213,975 | €16,137 | -€197,838 | -92.5% |
| Remuneration and social security | 454/9 | €151,361 | €160,095 | +€8,734 | +5.8% |
| Other amounts payable | 47/48 | €1,191,049 | €1,189,000 | -€2,049 | -0.2% |
| Accrued charges and deferred income | 492/3 | €473,594 | €172,951 | -€300,643 | -63.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,363,983 | €1,527,425 | +€163,442 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413,903 | €496,841 | +€82,938 | +20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | €0 | -€3,000 | -100.0% |
| Other operating charges | 640/8 | €3,560 | €864 | -€2,696 | -75.7% |
| Non-recurring operating charges | 66A | €197 | €34,807 | +€34,610 | +17579.3% |
| Gross operating margin | 9900 | €3,207,540 | €2,783,822 | -€423,718 | -13.2% |
| Operating profit (loss) | 9901 | €1,422,897 | €723,885 | -€699,012 | -49.1% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €32,997 | €18,799 | -€14,197 | -43.0% |
| Recurring financial charges | 65 | €32,997 | €18,799 | -€14,197 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €1,389,909 | €705,086 | -€684,823 | -49.3% |
| Income taxes | 67/77 | €1,197 | €1,406 | +€209 | +17.5% |
| Profit (loss) for the period | 9904 | €1,388,711 | €703,679 | -€685,032 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,388,711 | €703,679 | -€685,032 | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.