SAGECOFI: 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.
SAGECOFI
Largest movements
- Cash -€51,564
down €51,564 (-55.8%), from €92,338 to €40,774
mainly Contributions, distributions and other (-€50,000) and Other debts (-€29,400)
- Receivables within one year -€10,110
down €10,110 (-14.4%), from €70,167 to €60,057
of which Trade receivables: -€10,477
- Deferred charges and accrued income +€2,915
new in 2025: €2,915
- Tangible fixed assets +€2,911
new in 2025: €2,911
- Other debts -€29,400
down €29,400 (-98.0%), from €30,000 to €600
- Profit (loss) carried forward -€19,499
down €19,499 (-24.3%), from €80,380 to €60,881
- Trade debts -€6,118
down €6,118 (-25.6%), from €23,873 to €17,755
- Taxes +€9,804
up €9,804 (+1713.8%), from €572 to €10,376
- Gross operating margin +€8,136
up €8,136 (+24.3%), from €33,493 to €41,630
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.
Cash bridge derived
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 | €162,505 | €106,657 | -€55,849 | -34.4% |
| Fixed assets | 21/28 | - | €2,911 | +€2,911 | |
| Tangible fixed assets | 22/27 | - | €2,911 | +€2,911 | |
| Other tangible fixed assets | 26 | - | €2,911 | +€2,911 | |
| Current assets | 29/58 | €162,505 | €103,746 | -€58,759 | -36.2% |
| Amounts receivable within one year | 40/41 | €70,167 | €60,057 | -€10,110 | -14.4% |
| Trade receivables | 40 | €70,167 | €59,690 | -€10,477 | -14.9% |
| Other amounts receivable | 41 | - | €367 | +€367 | |
| Cash at bank and in hand | 54/58 | €92,338 | €40,774 | -€51,564 | -55.8% |
| Deferred charges and accrued income | 490/1 | - | €2,915 | +€2,915 | |
| Total equity and liabilities | 10/49 | €162,505 | €106,657 | -€55,849 | -34.4% |
| Equity | 10/15 | €106,594 | €87,095 | -€19,499 | -18.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €5,754 | €5,754 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,754 | €5,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,380 | €60,881 | -€19,499 | -24.3% |
| Amounts payable | 17/49 | €55,912 | €19,561 | -€36,350 | -65.0% |
| Amounts payable within one year | 42/48 | €55,912 | €19,561 | -€36,350 | -65.0% |
| Trade debts | 44 | €23,873 | €17,755 | -€6,118 | -25.6% |
| Suppliers | 440/4 | €23,873 | €17,755 | -€6,118 | -25.6% |
| Taxes, remuneration and social security | 45 | €2,039 | €1,206 | -€832 | -40.8% |
| Taxes | 450/3 | €2,039 | €1,206 | -€832 | -40.8% |
| Other amounts payable | 47/48 | €30,000 | €600 | -€29,400 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €49 | +€49 | |
| Other operating charges | 640/8 | €431 | €400 | -€32 | -7.3% |
| Gross operating margin | 9900 | €33,493 | €41,630 | +€8,136 | +24.3% |
| Operating profit (loss) | 9901 | €33,062 | €41,181 | +€8,119 | +24.6% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €438 | €309 | -€129 | -29.5% |
| Recurring financial charges | 65 | €438 | €309 | -€129 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €32,624 | €40,878 | +€8,254 | +25.3% |
| Income taxes | 67/77 | €572 | €10,376 | +€9,804 | +1713.8% |
| Profit (loss) for the period | 9904 | €32,052 | €30,501 | -€1,551 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,052 | €30,501 | -€1,551 | -4.8% |
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 11 October 2026 via checked.be.