SAGEFAB: 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.
SAGEFAB
Largest movements
- Tangible fixed assets +€39,758
up €39,758 (+271.5%), from €14,644 to €54,402
of which Leasing and similar rights: +€27,461
- Deferred charges and accrued income -€3,557
down €3,557 (-51.6%), from €6,888 to €3,331
- Other debts +€51,294
up €51,294 (+103.5%), from €49,553 to €100,848
- Profit (loss) carried forward -€41,225
down €41,225 (-99.3%), from €41,523 to €298
- Debts after one year +€27,794
new in 2025: €27,794
- Current portion of long-term debt +€4,881
up €4,881 (+91.0%), from €5,366 to €10,247
- Trade debts -€4,539
down €4,539 (-77.6%), from €5,852 to €1,313
- Gross operating margin +€10,854
up €10,854 (+13.7%), from €78,946 to €89,801
- Taxes +€2,531
up €2,531 (+15.1%), from €16,790 to €19,322
- Depreciation -€2,435
down €2,435 (-20.3%), from €11,982 to €9,547
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 | €115,532 | €152,460 | +€36,929 | +32.0% |
| Fixed assets | 21/28 | €14,644 | €54,402 | +€39,758 | +271.5% |
| Tangible fixed assets | 22/27 | €14,644 | €54,402 | +€39,758 | +271.5% |
| Plant, machinery and equipment | 23 | €1,142 | €2,898 | +€1,755 | +153.6% |
| Furniture and vehicles | 24 | €3,310 | €13,852 | +€10,542 | +318.5% |
| Leasing and similar rights | 25 | €10,192 | €37,653 | +€27,461 | +269.4% |
| Current assets | 29/58 | €100,888 | €98,059 | -€2,830 | -2.8% |
| Amounts receivable within one year | 40/41 | €333 | €1,355 | +€1,022 | +307.2% |
| Other amounts receivable | 41 | €333 | €1,355 | +€1,022 | +307.2% |
| Cash at bank and in hand | 54/58 | €93,668 | €93,373 | -€294 | -0.3% |
| Deferred charges and accrued income | 490/1 | €6,888 | €3,331 | -€3,557 | -51.6% |
| Total equity and liabilities | 10/49 | €115,532 | €152,460 | +€36,929 | +32.0% |
| Equity | 10/15 | €46,523 | €5,298 | -€41,225 | -88.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,523 | €298 | -€41,225 | -99.3% |
| Amounts payable | 17/49 | €69,009 | €147,163 | +€78,153 | +113.3% |
| Amounts payable after more than one year | 17 | - | €27,794 | +€27,794 | |
| Financial debts | 170/4 | - | €27,794 | +€27,794 | |
| Amounts payable within one year | 42/48 | €69,009 | €119,369 | +€50,360 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €5,366 | €10,247 | +€4,881 | +91.0% |
| Trade debts | 44 | €5,852 | €1,313 | -€4,539 | -77.6% |
| Suppliers | 440/4 | €5,852 | €1,313 | -€4,539 | -77.6% |
| Taxes, remuneration and social security | 45 | €8,238 | €6,962 | -€1,276 | -15.5% |
| Taxes | 450/3 | €8,238 | €6,962 | -€1,276 | -15.5% |
| Other amounts payable | 47/48 | €49,553 | €100,848 | +€51,294 | +103.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,982 | €9,547 | -€2,435 | -20.3% |
| Other operating charges | 640/8 | €3,103 | €3,353 | +€250 | +8.1% |
| Gross operating margin | 9900 | €78,946 | €89,801 | +€10,854 | +13.7% |
| Operating profit (loss) | 9901 | €63,861 | €76,900 | +€13,039 | +20.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -55.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -55.6% |
| Financial charges | 65/66B | €338 | €803 | +€465 | +137.6% |
| Recurring financial charges | 65 | €338 | €803 | +€465 | +137.6% |
| Profit (loss) for the period before taxes | 9903 | €63,523 | €76,097 | +€12,573 | +19.8% |
| Income taxes | 67/77 | €16,790 | €19,322 | +€2,531 | +15.1% |
| Profit (loss) for the period | 9904 | €46,733 | €56,775 | +€10,042 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,733 | €56,775 | +€10,042 | +21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.