Sagamco: 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.
Sagamco
Largest movements
- Stocks and contracts -€8,468
down €8,468 (-9.1%), from €92,789 to €84,321
- Cash -€2,248
down €2,248 (-99.6%), from €2,257 to €9
mainly Net result for the year (-€4,979) and Investment in fixed assets (net) (-€3,000)
- Receivables within one year +€2,089
up €2,089 (+74.9%), from €2,788 to €4,877
of which Trade receivables: +€1,541
- Tangible fixed assets +€1,515
up €1,515 (+137%), from €1,106 to €2,621
of which Furniture and vehicles: +€1,786
- Profit (loss) carried forward -€4,979
down €4,979 (-72.9%), from €6,829 to €1,850
- Other debts -€2,443
down €2,443 (-3.6%), from €68,783 to €66,340
- Accrued charges and deferred income -€2,145
no longer reported in 2025 (was €2,145)
- Trade debts +€1,817
up €1,817 (+245%), from €743 to €2,560
- Gross operating margin -€10,592
down €10,592, from €7,714 to -€2,878
- Taxes -€2,239
no longer reported in 2025 (was €2,239)
- Depreciation -€2,070
down €2,070 (-58.2%), from €3,555 to €1,485
- Other operating charges -€557
down €557 (-49.8%), from €1,118 to €561
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 | €99,339 | €92,234 | -€7,104 | -7.2% |
| Fixed assets | 21/28 | €1,106 | €2,621 | +€1,515 | +137% |
| Tangible fixed assets | 22/27 | €1,106 | €2,621 | +€1,515 | +137% |
| Plant, machinery and equipment | 23 | €602 | €332 | -€271 | -45.0% |
| Furniture and vehicles | 24 | €504 | €2,289 | +€1,786 | +354% |
| Current assets | 29/58 | €98,232 | €89,613 | -€8,619 | -8.8% |
| Stocks and contracts in progress | 3 | €92,789 | €84,321 | -€8,468 | -9.1% |
| Stocks | 30/36 | €92,789 | €84,321 | -€8,468 | -9.1% |
| Amounts receivable within one year | 40/41 | €2,788 | €4,877 | +€2,089 | +74.9% |
| Trade receivables | 40 | €2,227 | €3,768 | +€1,541 | +69.2% |
| Other amounts receivable | 41 | €562 | €1,110 | +€548 | +97.6% |
| Cash at bank and in hand | 54/58 | €2,257 | €9 | -€2,248 | -99.6% |
| Deferred charges and accrued income | 490/1 | €398 | €406 | +€8 | +2.0% |
| Total equity and liabilities | 10/49 | €99,339 | €92,234 | -€7,104 | -7.2% |
| Equity | 10/15 | €25,429 | €20,450 | -€4,979 | -19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,829 | €1,850 | -€4,979 | -72.9% |
| Amounts payable | 17/49 | €73,909 | €71,784 | -€2,125 | -2.9% |
| Amounts payable within one year | 42/48 | €71,764 | €71,784 | +€20 | 0.0% |
| Trade debts | 44 | €743 | €2,560 | +€1,817 | +245% |
| Suppliers | 440/4 | €743 | €2,560 | +€1,817 | +245% |
| Taxes, remuneration and social security | 45 | €2,239 | €2,884 | +€645 | +28.8% |
| Taxes | 450/3 | €2,239 | €2,884 | +€645 | +28.8% |
| Other amounts payable | 47/48 | €68,783 | €66,340 | -€2,443 | -3.6% |
| Accrued charges and deferred income | 492/3 | €2,145 | - | -€2,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,555 | €1,485 | -€2,070 | -58.2% |
| Other operating charges | 640/8 | €1,118 | €561 | -€557 | -49.8% |
| Gross operating margin | 9900 | €7,714 | -€2,878 | -€10,592 | |
| Operating profit (loss) | 9901 | €3,040 | -€4,924 | -€7,964 | |
| Financial charges | 65/66B | €48 | €55 | +€6 | +13.4% |
| Recurring financial charges | 65 | €48 | €55 | +€6 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €2,992 | -€4,979 | -€7,971 | |
| Income taxes | 67/77 | €2,239 | - | -€2,239 | |
| Profit (loss) for the period | 9904 | €753 | -€4,979 | -€5,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €753 | -€4,979 | -€5,732 |
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 14 October 2026 via checked.be.