SAGE: 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.
SAGE
Largest movements
- Stocks and contracts -€11,205
down €11,205 (-19.2%), from €58,275 to €47,070
- Cash -€6,877
down €6,877 (-12.5%), from €54,903 to €48,025
mainly Net result for the year (-€24,890) and Trade debts (-€6,896)
- Tangible fixed assets -€4,930
down €4,930 (-13.5%), from €36,654 to €31,724
of which Other tangible fixed assets: -€4,150
- Receivables within one year +€2,763
up €2,763 (+45.0%), from €6,139 to €8,902
of which Other amounts receivable: +€2,293
- Profit (loss) carried forward -€24,890
down €24,890 (-85.8%), from -€29,001 to -€53,891
- Tax, wage and social debts +€13,357
up €13,357 (+33.0%), from €40,534 to €53,891
of which Taxes: +€13,295
- Trade debts -€6,896
down €6,896 (-18.6%), from €37,023 to €30,127
- Short-term financial debts -€2,206
down €2,206 (-28.9%), from €7,637 to €5,431
- Staff costs -€11,426
down €11,426 (-4.3%), from €262,844 to €251,418
- Gross operating margin -€10,158
down €10,158 (-4.1%), from €249,521 to €239,363
- Other operating charges -€4,152
down €4,152 (-74.3%), from €5,590 to €1,437
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,136 | €138,422 | -€21,714 | -13.6% |
| Fixed assets | 21/28 | €39,070 | €33,496 | -€5,574 | -14.3% |
| Intangible fixed assets | 21 | €2,416 | €1,773 | -€643 | -26.6% |
| Tangible fixed assets | 22/27 | €36,654 | €31,724 | -€4,930 | -13.5% |
| Plant, machinery and equipment | 23 | €2,763 | €2,690 | -€72 | -2.6% |
| Furniture and vehicles | 24 | €1,616 | €908 | -€708 | -43.8% |
| Other tangible fixed assets | 26 | €32,275 | €28,125 | -€4,150 | -12.9% |
| Current assets | 29/58 | €121,066 | €104,925 | -€16,141 | -13.3% |
| Stocks and contracts in progress | 3 | €58,275 | €47,070 | -€11,205 | -19.2% |
| Stocks | 30/36 | €58,275 | €47,070 | -€11,205 | -19.2% |
| Amounts receivable within one year | 40/41 | €6,139 | €8,902 | +€2,763 | +45.0% |
| Trade receivables | 40 | €3,192 | €3,663 | +€471 | +14.7% |
| Other amounts receivable | 41 | €2,946 | €5,239 | +€2,293 | +77.8% |
| Cash at bank and in hand | 54/58 | €54,903 | €48,025 | -€6,877 | -12.5% |
| Deferred charges and accrued income | 490/1 | €1,750 | €928 | -€822 | -47.0% |
| Total equity and liabilities | 10/49 | €160,136 | €138,422 | -€21,714 | -13.6% |
| Equity | 10/15 | -€9,201 | -€34,412 | -€25,212 | -274% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,001 | -€53,891 | -€24,890 | -85.8% |
| Investment grants | 15 | €1,208 | €886 | -€322 | -26.6% |
| Amounts payable | 17/49 | €169,337 | €172,834 | +€3,497 | +2.1% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,337 | €97,834 | +€3,497 | +3.7% |
| Financial debts | 43 | €7,637 | €5,431 | -€2,206 | -28.9% |
| Credit institutions | 430/8 | €7,637 | €5,431 | -€2,206 | -28.9% |
| Trade debts | 44 | €37,023 | €30,127 | -€6,896 | -18.6% |
| Suppliers | 440/4 | €37,023 | €30,127 | -€6,896 | -18.6% |
| Taxes, remuneration and social security | 45 | €40,534 | €53,891 | +€13,357 | +33.0% |
| Taxes | 450/3 | €10,240 | €23,536 | +€13,295 | +130% |
| Remuneration and social security | 454/9 | €30,294 | €30,356 | +€62 | +0.2% |
| Other amounts payable | 47/48 | €9,142 | €8,385 | -€758 | -8.3% |
| Remuneration, social security and pensions | 62 | €262,844 | €251,418 | -€11,426 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,925 | €7,534 | -€1,392 | -15.6% |
| Other operating charges | 640/8 | €5,590 | €1,437 | -€4,152 | -74.3% |
| Gross operating margin | 9900 | €249,521 | €239,363 | -€10,158 | -4.1% |
| Operating profit (loss) | 9901 | -€27,838 | -€21,026 | +€6,812 | +24.5% |
| Financial income | 75/76B | €400 | €322 | -€78 | -19.6% |
| Recurring financial income | 75 | €400 | €322 | -€78 | -19.6% |
| Financial charges | 65/66B | €3,586 | €4,032 | +€446 | +12.4% |
| Recurring financial charges | 65 | €3,586 | €4,032 | +€446 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,024 | -€24,736 | +€6,288 | +20.3% |
| Income taxes | 67/77 | €159 | €154 | -€5 | -3.4% |
| Profit (loss) for the period | 9904 | -€31,184 | -€24,890 | +€6,293 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,184 | -€24,890 | +€6,293 | +20.2% |
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 25 October 2026 via checked.be.