SAGECO: 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.
SAGECO
Largest movements
- Tangible fixed assets -€217,193
down €217,193 (-16.0%), from €1.4m to €1.1m
of which Leasing and similar rights: -€120,479
- Cash +€46,595
up €46,595 (+189%), from €24,656 to €71,251
mainly Depreciation (+€218,331) and Trade debts (+€72,833)
- Receivables within one year +€42,352
up €42,352 (+11.4%), from €372,508 to €414,859
of which Trade receivables: +€75,473
- Stocks and contracts +€31,000
up €31,000 (+31.1%), from €99,550 to €130,550
- Debts after one year -€153,199
down €153,199 (-13.4%), from €1.1m to €990,868
- Trade debts +€72,833
up €72,833 (+42.8%), from €170,141 to €242,974
- Accrued charges and deferred income -€45,427
down €45,427 (-100%), from €45,427 to €0
- Tax, wage and social debts +€30,633
up €30,633 (+50.4%), from €60,738 to €91,371
of which Taxes: +€16,486
- Other operating charges -€113,501
down €113,501 (-81.6%), from €139,074 to €25,573
- Depreciation +€60,987
up €60,987 (+38.8%), from €157,344 to €218,331
- Financial charges +€18,038
up €18,038 (+48.4%), from €37,261 to €55,299
- Financial income -€11,513
down €11,513 (-51.7%), from €22,284 to €10,771
of which Non-recurring financial income: -€10,447
- Taxes +€9,930
up €9,930 (+107%), from €9,287 to €19,217
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 | €1,868,134 | €1,777,923 | -€90,211 | -4.8% |
| Fixed assets | 21/28 | €1,362,903 | €1,144,572 | -€218,331 | -16.0% |
| Intangible fixed assets | 21 | €1,138 | €0 | -€1,138 | -100% |
| Tangible fixed assets | 22/27 | €1,361,630 | €1,144,437 | -€217,193 | -16.0% |
| Land and buildings | 22 | €788,852 | €754,852 | -€34,000 | -4.3% |
| Plant, machinery and equipment | 23 | €161,369 | €102,642 | -€58,728 | -36.4% |
| Furniture and vehicles | 24 | €7,316 | €3,329 | -€3,987 | -54.5% |
| Leasing and similar rights | 25 | €404,092 | €283,613 | -€120,479 | -29.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €505,231 | €633,351 | +€128,121 | +25.4% |
| Stocks and contracts in progress | 3 | €99,550 | €130,550 | +€31,000 | +31.1% |
| Stocks | 30/36 | €99,550 | €130,550 | +€31,000 | +31.1% |
| Amounts receivable within one year | 40/41 | €372,508 | €414,859 | +€42,352 | +11.4% |
| Trade receivables | 40 | €121,666 | €197,139 | +€75,473 | +62.0% |
| Other amounts receivable | 41 | €250,842 | €217,720 | -€33,122 | -13.2% |
| Cash at bank and in hand | 54/58 | €24,656 | €71,251 | +€46,595 | +189% |
| Deferred charges and accrued income | 490/1 | €8,518 | €16,691 | +€8,174 | +96.0% |
| Total equity and liabilities | 10/49 | €1,868,134 | €1,777,923 | -€90,211 | -4.8% |
| Equity | 10/15 | €142,013 | €145,700 | +€3,687 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,484 | €35,484 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,684 | €10,684 | = | 0.0% |
| Distributable reserves | 133 | €24,800 | €24,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,929 | €91,616 | +€3,687 | +4.2% |
| Amounts payable | 17/49 | €1,726,121 | €1,632,223 | -€93,897 | -5.4% |
| Amounts payable after more than one year | 17 | €1,144,066 | €990,868 | -€153,199 | -13.4% |
| Financial debts | 170/4 | €1,144,066 | €990,868 | -€153,199 | -13.4% |
| Amounts payable within one year | 42/48 | €536,627 | €641,356 | +€104,729 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €153,405 | €153,199 | -€206 | -0.1% |
| Financial debts | 43 | €152,343 | €153,813 | +€1,469 | +1.0% |
| Credit institutions | 430/8 | €152,343 | €153,813 | +€1,469 | +1.0% |
| Trade debts | 44 | €170,141 | €242,974 | +€72,833 | +42.8% |
| Suppliers | 440/4 | €170,141 | €242,974 | +€72,833 | +42.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €60,738 | €91,371 | +€30,633 | +50.4% |
| Taxes | 450/3 | €25,751 | €42,236 | +€16,486 | +64.0% |
| Remuneration and social security | 454/9 | €34,987 | €49,134 | +€14,148 | +40.4% |
| Accrued charges and deferred income | 492/3 | €45,427 | €0 | -€45,427 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €558,621 | €565,544 | +€6,923 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,344 | €218,331 | +€60,987 | +38.8% |
| Other operating charges | 640/8 | €139,074 | €25,573 | -€113,501 | -81.6% |
| Non-recurring operating charges | 66A | €1,914 | €1,753 | -€161 | -8.4% |
| Gross operating margin | 9900 | €872,165 | €878,634 | +€6,468 | +0.7% |
| Operating profit (loss) | 9901 | €15,212 | €67,432 | +€52,220 | +343% |
| Financial income | 75/76B | €22,284 | €10,771 | -€11,513 | -51.7% |
| Recurring financial income | 75 | €11,837 | €10,771 | -€1,066 | -9.0% |
| Non-recurring financial income | 76B | €10,447 | €0 | -€10,447 | -100% |
| Financial charges | 65/66B | €37,261 | €55,299 | +€18,038 | +48.4% |
| Recurring financial charges | 65 | €37,261 | €55,299 | +€18,038 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €236 | €22,904 | +€22,668 | +9,624% |
| Income taxes | 67/77 | €9,287 | €19,217 | +€9,930 | +107% |
| Profit (loss) for the period | 9904 | -€9,052 | €3,687 | +€12,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,052 | €3,687 | +€12,738 |
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 29 October 2026 via checked.be.