SAGAHUY: 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.
SAGAHUY
Largest movements
- Tangible fixed assets -€26,998
down €26,998 (-36.7%), from €73,608 to €46,610
of which Other tangible fixed assets: -€19,693
- Receivables within one year -€3,840
down €3,840 (-41.7%), from €9,204 to €5,364
of which Trade receivables: -€7,999
- Tax, wage and social debts +€61,406
up €61,406 (+144%), from €42,783 to €104,189
of which Taxes: +€36,829
- Profit (loss) carried forward -€39,556
down €39,556 (-101%), from -€39,206 to -€78,762
- Debts after one year -€29,574
down €29,574 (-73.2%), from €40,414 to €10,839
- Other debts -€9,952
down €9,952 (-78.3%), from €12,710 to €2,758
- Trade debts -€9,518
down €9,518 (-97.0%), from €9,808 to €290
- Staff costs -€32,548
down €32,548 (-20.3%), from €160,512 to €127,963
- Gross operating margin -€14,512
down €14,512 (-9.3%), from €155,527 to €141,016
- Financial charges +€13,566
up €13,566 (+210%), from €6,462 to €20,029
- Depreciation -€4,748
down €4,748 (-31.6%), from €15,043 to €10,295
- Other operating charges +€1,660
up €1,660 (+148%), from €1,123 to €2,783
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 | €94,457 | €63,419 | -€31,038 | -32.9% |
| Fixed assets | 21/28 | €73,758 | €46,760 | -€26,998 | -36.6% |
| Tangible fixed assets | 22/27 | €73,608 | €46,610 | -€26,998 | -36.7% |
| Plant, machinery and equipment | 23 | €1,844 | €875 | -€969 | -52.5% |
| Furniture and vehicles | 24 | €9,123 | €2,787 | -€6,336 | -69.5% |
| Other tangible fixed assets | 26 | €62,642 | €42,948 | -€19,693 | -31.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €20,699 | €16,659 | -€4,040 | -19.5% |
| Stocks and contracts in progress | 3 | €9,087 | €9,002 | -€85 | -0.9% |
| Stocks | 30/36 | €9,087 | €9,002 | -€85 | -0.9% |
| Amounts receivable within one year | 40/41 | €9,204 | €5,364 | -€3,840 | -41.7% |
| Trade receivables | 40 | €8,841 | €842 | -€7,999 | -90.5% |
| Other amounts receivable | 41 | €363 | €4,523 | +€4,160 | +1,146% |
| Cash at bank and in hand | 54/58 | €2,367 | €2,293 | -€75 | -3.2% |
| Deferred charges and accrued income | 490/1 | €41 | - | -€41 | |
| Total equity and liabilities | 10/49 | €94,457 | €63,419 | -€31,038 | -32.9% |
| Equity | 10/15 | -€33,006 | -€72,562 | -€39,556 | -120% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,206 | -€78,762 | -€39,556 | -101% |
| Amounts payable | 17/49 | €127,463 | €135,981 | +€8,518 | +6.7% |
| Amounts payable after more than one year | 17 | €40,414 | €10,839 | -€29,574 | -73.2% |
| Financial debts | 170/4 | €40,414 | €10,839 | -€29,574 | -73.2% |
| Amounts payable within one year | 42/48 | €87,049 | €125,142 | +€38,093 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €19,349 | €11,994 | -€7,355 | -38.0% |
| Financial debts | 43 | €2,398 | €5,910 | +€3,512 | +146% |
| Credit institutions | 430/8 | €1,099 | €5,910 | +€4,812 | +438% |
| Other loans | 439 | €1,300 | - | -€1,300 | |
| Trade debts | 44 | €9,808 | €290 | -€9,518 | -97.0% |
| Suppliers | 440/4 | €9,808 | €290 | -€9,518 | -97.0% |
| Taxes, remuneration and social security | 45 | €42,783 | €104,189 | +€61,406 | +144% |
| Taxes | 450/3 | €19,555 | €56,384 | +€36,829 | +188% |
| Remuneration and social security | 454/9 | €23,229 | €47,805 | +€24,577 | +106% |
| Other amounts payable | 47/48 | €12,710 | €2,758 | -€9,952 | -78.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €160,512 | €127,963 | -€32,548 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,043 | €10,295 | -€4,748 | -31.6% |
| Other operating charges | 640/8 | €1,123 | €2,783 | +€1,660 | +148% |
| Gross operating margin | 9900 | €155,527 | €141,016 | -€14,512 | -9.3% |
| Operating profit (loss) | 9901 | -€21,151 | -€26 | +€21,125 | +99.9% |
| Financial income | 75/76B | €8 | €52 | +€44 | +521% |
| Recurring financial income | 75 | €8 | €52 | +€44 | +521% |
| Financial charges | 65/66B | €6,462 | €20,029 | +€13,566 | +210% |
| Recurring financial charges | 65 | €6,462 | €20,029 | +€13,566 | +210% |
| Profit (loss) for the period before taxes | 9903 | -€27,605 | -€20,003 | +€7,603 | +27.5% |
| Income taxes | 67/77 | €352 | €449 | +€97 | +27.6% |
| Profit (loss) for the period | 9904 | -€27,957 | -€20,452 | +€7,505 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,957 | -€20,452 | +€7,505 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.