SAGAR: 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.
What changed
SAGAR
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€513,452
2023 · -€1,027-€512,425
Equity
€1.1m
2023 · €1.7m-€513,452
Cash
€31,711
2023 · €57,159-€25,448
Balance sheet total
€6.7m
2023 · €4.8m+€1.9m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+93.6%), from €3.1m to €6.1m
of which Trade receivables: +€2.8m
- Stocks and contracts -€1.0m
down €1.0m (-63.5%), from €1.6m to €588,077
Equity and liabilities
- Trade debts +€2.4m
up €2.4m (+78.2%), from €3.0m to €5.4m
- Profit (loss) carried forward -€513,452
down €513,452 (-50016.2%), from -€1,027 to -€514,478
Income statement
- Gross operating margin -€517,994
down €517,994, from €48,170 to -€469,824
- Financial income +€12,569
up €12,569 (+39.8%), from €31,582 to €44,151
- Taxes +€6,314
up €6,314 (+44.6%), from €14,156 to €20,471
From the 2023 result to the 2024 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.
Result 2023
-€1,027
Gross operating margin
-€517,994
Staff costs
-€1,728
Depreciation
+€103
Other operating charges
-€1,161
Financial income
+€12,569
Financial charges
+€2,101
Taxes
-€6,314
Result 2024
-€513,452
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€15,415
Investment
-€1,245
Financing
-€8,789
Cash 2023
€57,159
From operations (derived)
-€15,415
Net result for the year
-€513,452
Depreciation
+€5,698
Stocks and contracts
+€1.0m
Receivables within one year
-€2.9m
Deferred charges and accrued income
+€267
Trade debts
+€2.4m
Tax, wage and social debts
+€20,045
Investment (derived)
-€1,245
Investment in fixed assets (net)
-€1,245
Financing
-€8,789
Debts after one year
-€12,142
Current portion of long-term debt
+€213
Short-term financial debts
+€3,140
Cash 2024
€31,711
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,828,906 | €6,709,091 | +€1.9m | +38.9% |
| Fixed assets | 21/28 | €22,636 | €18,183 | -€4,453 | -19.7% |
| Tangible fixed assets | 22/27 | €21,892 | €17,439 | -€4,453 | -20.3% |
| Land and buildings | 22 | €21,892 | €16,318 | -€5,574 | -25.5% |
| Furniture and vehicles | 24 | €0 | €1,121 | +€1,121 | +11211700.0% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €4,806,270 | €6,690,909 | +€1.9m | +39.2% |
| Stocks and contracts in progress | 3 | €1,611,989 | €588,077 | -€1.0m | -63.5% |
| Stocks | 30/36 | €1,611,989 | €588,077 | -€1.0m | -63.5% |
| Amounts receivable within one year | 40/41 | €3,136,264 | €6,070,531 | +€2.9m | +93.6% |
| Trade receivables | 40 | €2,466,915 | €5,266,896 | +€2.8m | +113.5% |
| Other amounts receivable | 41 | €669,349 | €803,635 | +€134,286 | +20.1% |
| Cash at bank and in hand | 54/58 | €57,159 | €31,711 | -€25,448 | -44.5% |
| Deferred charges and accrued income | 490/1 | €857 | €590 | -€267 | -31.2% |
| Total equity and liabilities | 10/49 | €4,828,906 | €6,709,091 | +€1.9m | +38.9% |
| Equity | 10/15 | €1,653,915 | €1,140,463 | -€513,452 | -31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,636,342 | €1,636,342 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,634,482 | €1,636,342 | +€1,860 | +0.1% |
| Profit (loss) carried forward | 14 | -€1,027 | -€514,478 | -€513,452 | -50016.2% |
| Amounts payable | 17/49 | €3,174,991 | €5,568,628 | +€2.4m | +75.4% |
| Amounts payable after more than one year | 17 | €60,800 | €48,659 | -€12,142 | -20.0% |
| Financial debts | 170/4 | €60,800 | €48,659 | -€12,142 | -20.0% |
| Amounts payable within one year | 42/48 | €3,114,190 | €5,519,969 | +€2.4m | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €12,454 | €12,667 | +€213 | +1.7% |
| Financial debts | 43 | €5,547 | €8,688 | +€3,140 | +56.6% |
| Credit institutions | 430/8 | €5,547 | €8,688 | +€3,140 | +56.6% |
| Trade debts | 44 | €3,044,887 | €5,427,269 | +€2.4m | +78.2% |
| Suppliers | 440/4 | €3,044,887 | €5,427,269 | +€2.4m | +78.2% |
| Taxes, remuneration and social security | 45 | €51,302 | €71,346 | +€20,045 | +39.1% |
| Taxes | 450/3 | €33,163 | €41,116 | +€7,953 | +24.0% |
| Remuneration and social security | 454/9 | €18,139 | €30,231 | +€12,092 | +66.7% |
| Non-recurring operating income | 76A | - | €14,354 | +€14,354 | |
| Remuneration, social security and pensions | 62 | €44,179 | €45,907 | +€1,728 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,801 | €5,698 | -€103 | -1.8% |
| Other operating charges | 640/8 | €5,256 | €6,417 | +€1,161 | +22.1% |
| Gross operating margin | 9900 | €48,170 | -€469,824 | -€517,994 | |
| Operating profit (loss) | 9901 | -€7,066 | -€527,846 | -€520,780 | -7370.7% |
| Financial income | 75/76B | €31,582 | €44,151 | +€12,569 | +39.8% |
| Recurring financial income | 75 | €31,582 | €44,151 | +€12,569 | +39.8% |
| Financial charges | 65/66B | €11,387 | €9,286 | -€2,101 | -18.5% |
| Recurring financial charges | 65 | €11,387 | €9,286 | -€2,101 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €13,130 | -€492,981 | -€506,111 | |
| Income taxes | 67/77 | €14,156 | €20,471 | +€6,314 | +44.6% |
| Profit (loss) for the period | 9904 | -€1,027 | -€513,452 | -€512,425 | -49916.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,027 | -€513,452 | -€512,425 | -49916.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.