SAGAX: 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.
SAGAX
Largest movements
- Cash +€429,306
up €429,306 (+525.3%), from €81,733 to €511,039
mainly Current investments (+€350,000) and Net result for the year (+€287,266)
- Current investments -€350,000
no longer reported in 2026 (was €350,000)
- Tangible fixed assets -€28,747
down €28,747 (-33.6%), from €85,540 to €56,793
of which Furniture and vehicles: -€30,731
- Receivables within one year -€20,000
no longer reported in 2026 (was €20,000)
- Tax, wage and social debts +€44,653
up €44,653 (+1136.2%), from €3,930 to €48,583
- Other debts -€42,776
down €42,776 (-39.3%), from €108,877 to €66,101
- Reserves +€27,382
up €27,382 (+6.6%), from €412,027 to €439,408
- Gross operating margin +€344,297
up €344,297 (+438.6%), from €78,506 to €422,803
- Taxes +€118,593
up €118,593 (+787.9%), from €15,052 to €133,645
- Financial income +€32,565
up €32,565 (+16142.8%), from €202 to €32,767
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,273 | €567,832 | +€30,559 | +5.7% |
| Fixed assets | 21/28 | €85,540 | €56,793 | -€28,747 | -33.6% |
| Tangible fixed assets | 22/27 | €85,540 | €56,793 | -€28,747 | -33.6% |
| Plant, machinery and equipment | 23 | €1,328 | €3,313 | +€1,985 | +149.4% |
| Furniture and vehicles | 24 | €84,212 | €53,480 | -€30,731 | -36.5% |
| Current assets | 29/58 | €451,734 | €511,039 | +€59,306 | +13.1% |
| Amounts receivable within one year | 40/41 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 41 | €20,000 | - | -€20,000 | |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €81,733 | €511,039 | +€429,306 | +525.3% |
| Total equity and liabilities | 10/49 | €537,273 | €567,832 | +€30,559 | +5.7% |
| Equity | 10/15 | €424,427 | €451,808 | +€27,382 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €412,027 | €439,408 | +€27,382 | +6.6% |
| Distributable reserves | 133 | €412,027 | €439,408 | +€27,382 | +6.6% |
| Amounts payable | 17/49 | €112,846 | €116,024 | +€3,177 | +2.8% |
| Amounts payable within one year | 42/48 | €112,807 | €116,024 | +€3,216 | +2.9% |
| Trade debts | 44 | - | €1,340 | +€1,340 | |
| Suppliers | 440/4 | - | €1,340 | +€1,340 | |
| Taxes, remuneration and social security | 45 | €3,930 | €48,583 | +€44,653 | +1136.2% |
| Taxes | 450/3 | €3,930 | €48,583 | +€44,653 | +1136.2% |
| Other amounts payable | 47/48 | €108,877 | €66,101 | -€42,776 | -39.3% |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,392 | €31,914 | +€522 | +1.7% |
| Other operating charges | 640/8 | €612 | €2,532 | +€1,920 | +313.5% |
| Gross operating margin | 9900 | €78,506 | €422,803 | +€344,297 | +438.6% |
| Operating profit (loss) | 9901 | €46,502 | €388,357 | +€341,855 | +735.1% |
| Financial income | 75/76B | €202 | €32,767 | +€32,565 | +16142.8% |
| Recurring financial income | 75 | €202 | €32,767 | +€32,565 | +16142.8% |
| Financial charges | 65/66B | €251 | €212 | -€39 | -15.6% |
| Recurring financial charges | 65 | €251 | €212 | -€39 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €46,453 | €420,911 | +€374,459 | +806.1% |
| Income taxes | 67/77 | €15,052 | €133,645 | +€118,593 | +787.9% |
| Profit (loss) for the period | 9904 | €31,401 | €287,266 | +€255,866 | +814.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,401 | €287,266 | +€255,866 | +814.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.