SAGAU CONSULTING: 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.
SAGAU CONSULTING
Largest movements
- Tangible fixed assets +€365,858
up €365,858 (+84.6%), from €432,230 to €798,088
of which Land and buildings: +€364,700
- Receivables within one year -€89,228
down €89,228 (-66.2%), from €134,793 to €45,566
of which Trade receivables: -€77,952
- Cash -€80,000
down €80,000 (-45.9%), from €174,236 to €94,236
mainly Investment in fixed assets (net) (-€492,533) and Debts after one year (-€31,428)
- Reserves +€155,250
up €155,250 (+39.9%), from €389,210 to €544,460
of which Tax-exempt reserves: +€105,250
- Profit (loss) carried forward +€54,739
up €54,739 (+29.7%), from €184,440 to €239,179
- Debts after one year -€31,428
down €31,428 (-60.0%), from €52,381 to €20,953
- Gross operating margin +€212,384
up €212,384 (+93.6%), from €226,938 to €439,322
- Depreciation +€67,782
up €67,782 (+113%), from €59,885 to €127,666
- Taxes +€39,265
up €39,265 (+86.0%), from €45,639 to €84,904
- Write-downs +€9,500
new in 2025: €9,500
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 | €758,389 | €954,028 | +€195,639 | +25.8% |
| Fixed assets | 21/28 | €449,309 | €814,176 | +€364,867 | +81.2% |
| Intangible fixed assets | 21 | €1,579 | €587 | -€992 | -62.8% |
| Tangible fixed assets | 22/27 | €432,230 | €798,088 | +€365,858 | +84.6% |
| Land and buildings | 22 | €338,994 | €703,694 | +€364,700 | +108% |
| Furniture and vehicles | 24 | €93,235 | €94,394 | +€1,158 | +1.2% |
| Financial fixed assets | 28 | €15,501 | €15,501 | = | 0.0% |
| Current assets | 29/58 | €309,079 | €139,852 | -€169,228 | -54.8% |
| Amounts receivable within one year | 40/41 | €134,793 | €45,566 | -€89,228 | -66.2% |
| Trade receivables | 40 | €110,149 | €32,197 | -€77,952 | -70.8% |
| Other amounts receivable | 41 | €24,644 | €13,369 | -€11,275 | -45.8% |
| Cash at bank and in hand | 54/58 | €174,236 | €94,236 | -€80,000 | -45.9% |
| Deferred charges and accrued income | 490/1 | €50 | €50 | = | 0.0% |
| Total equity and liabilities | 10/49 | €758,389 | €954,028 | +€195,639 | +25.8% |
| Equity | 10/15 | €592,150 | €802,139 | +€209,989 | +35.5% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €389,210 | €544,460 | +€155,250 | +39.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,350 | €252,600 | +€105,250 | +71.4% |
| Distributable reserves | 133 | €240,000 | €290,000 | +€50,000 | +20.8% |
| Profit (loss) carried forward | 14 | €184,440 | €239,179 | +€54,739 | +29.7% |
| Amounts payable | 17/49 | €166,238 | €151,889 | -€14,350 | -8.6% |
| Amounts payable after more than one year | 17 | €52,381 | €20,953 | -€31,428 | -60.0% |
| Financial debts | 170/4 | €52,381 | €20,953 | -€31,428 | -60.0% |
| Amounts payable within one year | 42/48 | €113,824 | €130,903 | +€17,079 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €31,428 | €31,428 | = | 0.0% |
| Financial debts | 43 | €9,500 | €10,199 | +€699 | +7.4% |
| Credit institutions | 430/8 | €9,500 | €10,199 | +€699 | +7.4% |
| Trade debts | 44 | €7,959 | €9,196 | +€1,238 | +15.5% |
| Suppliers | 440/4 | €7,959 | €9,196 | +€1,238 | +15.5% |
| Taxes, remuneration and social security | 45 | €56,319 | €65,538 | +€9,219 | +16.4% |
| Taxes | 450/3 | €56,319 | €65,538 | +€9,219 | +16.4% |
| Other amounts payable | 47/48 | €8,618 | €14,541 | +€5,923 | +68.7% |
| Accrued charges and deferred income | 492/3 | €33 | €33 | = | 0.0% |
| Non-recurring operating income | 76A | - | €45,638 | +€45,638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,885 | €127,666 | +€67,782 | +113% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,500 | +€9,500 | |
| Other operating charges | 640/8 | €3,010 | €2,894 | -€116 | -3.8% |
| Gross operating margin | 9900 | €226,938 | €439,322 | +€212,384 | +93.6% |
| Operating profit (loss) | 9901 | €164,044 | €299,262 | +€135,218 | +82.4% |
| Financial income | 75/76B | €50 | €2 | -€48 | -95.9% |
| Recurring financial income | 75 | €50 | €2 | -€48 | -95.9% |
| Financial charges | 65/66B | €1,575 | €4,371 | +€2,796 | +178% |
| Recurring financial charges | 65 | €1,575 | €4,371 | +€2,796 | +178% |
| Profit (loss) for the period before taxes | 9903 | €162,519 | €294,893 | +€132,374 | +81.5% |
| Income taxes | 67/77 | €45,639 | €84,904 | +€39,265 | +86.0% |
| Profit (loss) for the period | 9904 | €116,881 | €209,989 | +€93,108 | +79.7% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €105,250 | +€42,100 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,731 | €104,739 | +€51,008 | +94.9% |
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 24 October 2026 via checked.be.