SAGE HORECA: 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 HORECA
Largest movements
- Stocks and contracts +€21,339
up €21,339 (+544%), from €3,925 to €25,264
- Receivables within one year +€7,316
up €7,316 (+39.6%), from €18,468 to €25,784
of which Other amounts receivable: +€11,151
- Tangible fixed assets -€6,978
down €6,978 (-34.5%), from €20,229 to €13,251
- Cash +€6,923
up €6,923 (+97.0%), from €7,140 to €14,063
mainly Tax, wage and social debts (+€31,024) and Current portion of long-term debt (+€7,957)
- Deferred charges and accrued income -€3,221
down €3,221 (-77.8%), from €4,138 to €917
- Tax, wage and social debts +€31,024
up €31,024 (+1,777%), from €1,746 to €32,771
of which Taxes: +€30,366
- Profit (loss) carried forward -€20,142
down €20,142 (-356%), from -€5,653 to -€25,796
- Current portion of long-term debt +€7,957
new in 2025: €7,957
- Debts after one year +€7,955
up €7,955 (+82.6%), from €9,628 to €17,583
- Other debts -€7,923
down €7,923 (-80.3%), from €9,861 to €1,938
- Staff costs +€85,876
up €85,876 (+1,695%), from €5,066 to €90,941
- Gross operating margin +€65,230
up €65,230 (+411%), from €15,855 to €81,085
- Financial charges +€1,713
up €1,713 (+264%), from €650 to €2,363
- Depreciation +€1,179
up €1,179 (+20.3%), from €5,799 to €6,978
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 | €53,900 | €79,279 | +€25,380 | +47.1% |
| Fixed assets | 21/28 | €20,229 | €13,251 | -€6,978 | -34.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €20,229 | €13,251 | -€6,978 | -34.5% |
| Plant, machinery and equipment | 23 | €8,806 | €6,194 | -€2,612 | -29.7% |
| Furniture and vehicles | 24 | €4,821 | €1,540 | -€3,281 | -68.1% |
| Other tangible fixed assets | 26 | €6,601 | €5,517 | -€1,085 | -16.4% |
| Current assets | 29/58 | €33,671 | €66,028 | +€32,357 | +96.1% |
| Stocks and contracts in progress | 3 | €3,925 | €25,264 | +€21,339 | +544% |
| Stocks | 30/36 | €3,925 | €25,264 | +€21,339 | +544% |
| Amounts receivable within one year | 40/41 | €18,468 | €25,784 | +€7,316 | +39.6% |
| Trade receivables | 40 | €8,705 | €4,869 | -€3,836 | -44.1% |
| Other amounts receivable | 41 | €9,764 | €20,915 | +€11,151 | +114% |
| Cash at bank and in hand | 54/58 | €7,140 | €14,063 | +€6,923 | +97.0% |
| Deferred charges and accrued income | 490/1 | €4,138 | €917 | -€3,221 | -77.8% |
| Total equity and liabilities | 10/49 | €53,900 | €79,279 | +€25,380 | +47.1% |
| Equity | 10/15 | €13,019 | -€7,124 | -€20,142 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72 | €72 | = | 0.0% |
| Distributable reserves | 133 | €72 | €72 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,653 | -€25,796 | -€20,142 | -356% |
| Amounts payable | 17/49 | €40,881 | €86,403 | +€45,522 | +111% |
| Amounts payable after more than one year | 17 | €9,628 | €17,583 | +€7,955 | +82.6% |
| Financial debts | 170/4 | €9,628 | €17,583 | +€7,955 | +82.6% |
| Amounts payable within one year | 42/48 | €31,221 | €68,684 | +€37,462 | +120% |
| Current portion of amounts payable after more than one year | 42 | - | €7,957 | +€7,957 | |
| Financial debts | 43 | - | €2,230 | +€2,230 | |
| Credit institutions | 430/8 | - | €2,230 | +€2,230 | |
| Trade debts | 44 | €15,282 | €11,555 | -€3,726 | -24.4% |
| Suppliers | 440/4 | €15,282 | €11,555 | -€3,726 | -24.4% |
| Advances received on contracts in progress | 46 | €4,333 | €12,233 | +€7,900 | +182% |
| Taxes, remuneration and social security | 45 | €1,746 | €32,771 | +€31,024 | +1,777% |
| Taxes | 450/3 | €659 | €31,025 | +€30,366 | +4,607% |
| Remuneration and social security | 454/9 | €1,087 | €1,746 | +€659 | +60.6% |
| Other amounts payable | 47/48 | €9,861 | €1,938 | -€7,923 | -80.3% |
| Accrued charges and deferred income | 492/3 | €31 | €136 | +€105 | +336% |
| Remuneration, social security and pensions | 62 | €5,066 | €90,941 | +€85,876 | +1,695% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,799 | €6,978 | +€1,179 | +20.3% |
| Other operating charges | 640/8 | €141 | €621 | +€480 | +342% |
| Gross operating margin | 9900 | €15,855 | €81,085 | +€65,230 | +411% |
| Operating profit (loss) | 9901 | €4,850 | -€17,455 | -€22,304 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €650 | €2,363 | +€1,713 | +264% |
| Recurring financial charges | 65 | €650 | €2,363 | +€1,713 | +264% |
| Profit (loss) for the period before taxes | 9903 | €4,200 | -€19,809 | -€24,009 | |
| Income taxes | 67/77 | €308 | €333 | +€25 | +7.9% |
| Profit (loss) for the period | 9904 | €3,891 | -€20,142 | -€24,034 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,891 | -€20,142 | -€24,034 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.