Sagak: 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.
Sagak
Largest movements
- Cash +€2,248
up €2,248 (+986.8%), from €228 to €2,475
mainly Trade debts (+€7,200) and Net result for the year (+€4,689)
- Tangible fixed assets +€1,713
new in 2025: €1,713
- Other debts -€7,440
down €7,440 (-9.0%), from €82,370 to €74,930
- Trade debts +€7,200
up €7,200 (+102.3%), from €7,040 to €14,241
- Profit (loss) carried forward +€4,689
up €4,689 (+6.8%), from -€68,769 to -€64,080
- Financial charges -€3,743
down €3,743 (-70.1%), from €5,342 to €1,598
- Gross operating margin +€2,808
up €2,808 (+88.0%), from €3,192 to €5,999
- Financial income +€429
up €429 (+85710.0%), from €1 to €429
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 | €92,575 | €96,188 | +€3,613 | +3.9% |
| Fixed assets | 21/28 | €90,000 | €91,713 | +€1,713 | +1.9% |
| Tangible fixed assets | 22/27 | - | €1,713 | +€1,713 | |
| Plant, machinery and equipment | 23 | - | €1,713 | +€1,713 | |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €2,575 | €4,475 | +€1,900 | +73.8% |
| Amounts receivable within one year | 40/41 | €2,347 | €1,571 | -€776 | -33.1% |
| Trade receivables | 40 | €2,283 | €0 | -€2,283 | -100.0% |
| Other amounts receivable | 41 | €64 | €1,571 | +€1,507 | +2353.2% |
| Cash at bank and in hand | 54/58 | €228 | €2,475 | +€2,248 | +986.8% |
| Deferred charges and accrued income | 490/1 | €0 | €428 | +€428 | |
| Total equity and liabilities | 10/49 | €92,575 | €96,188 | +€3,613 | +3.9% |
| Equity | 10/15 | -€1,105 | €3,584 | +€4,689 | |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Revaluation surpluses | 12 | €24,493 | €24,493 | = | 0.0% |
| Reserves | 13 | €9,705 | €9,705 | = | 0.0% |
| Distributable reserves | 133 | €9,705 | €9,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,769 | -€64,080 | +€4,689 | +6.8% |
| Amounts payable | 17/49 | €93,680 | €92,604 | -€1,076 | -1.1% |
| Amounts payable within one year | 42/48 | €91,836 | €91,096 | -€740 | -0.8% |
| Trade debts | 44 | €7,040 | €14,241 | +€7,200 | +102.3% |
| Suppliers | 440/4 | €7,040 | €14,241 | +€7,200 | +102.3% |
| Taxes, remuneration and social security | 45 | €2,426 | €1,926 | -€500 | -20.6% |
| Taxes | 450/3 | €2,426 | €1,926 | -€500 | -20.6% |
| Other amounts payable | 47/48 | €82,370 | €74,930 | -€7,440 | -9.0% |
| Accrued charges and deferred income | 492/3 | €1,844 | €1,508 | -€336 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13 | +€13 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,192 | €5,999 | +€2,808 | +88.0% |
| Operating profit (loss) | 9901 | €3,066 | €5,858 | +€2,792 | +91.1% |
| Financial income | 75/76B | €1 | €429 | +€429 | +85710.0% |
| Recurring financial income | 75 | €1 | €429 | +€429 | +85710.0% |
| Financial charges | 65/66B | €5,342 | €1,598 | -€3,743 | -70.1% |
| Recurring financial charges | 65 | €5,342 | €1,598 | -€3,743 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,275 | €4,689 | +€6,964 | |
| Profit (loss) for the period | 9904 | -€2,275 | €4,689 | +€6,964 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,275 | €4,689 | +€6,964 |
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 29 September 2026 via checked.be.