SAGelectrogène: 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.
SAGelectrogène
Largest movements
- Receivables within one year +€180,687
up €180,687 (+39.2%), from €461,136 to €641,824
of which Trade receivables: +€176,129
- Cash +€129,734
up €129,734 (+31.7%), from €409,274 to €539,009
mainly Trade debts (+€198,113) and Net result for the year (+€169,802)
- Tangible fixed assets -€18,236
down €18,236 (-21.9%), from €83,343 to €65,106
of which Furniture and vehicles: -€18,236
- Trade debts +€198,113
up €198,113 (+561.8%), from €35,266 to €233,378
- Reserves +€72,000
up €72,000 (+14.2%), from €506,659 to €578,659
of which Distributable reserves: +€72,000
- Other debts +€35,000
up €35,000 (+58.3%), from €60,000 to €95,000
- Debts after one year -€19,943
down €19,943 (-34.7%), from €57,411 to €37,468
- Gross operating margin +€178,143
up €178,143 (+115.4%), from €154,309 to €332,451
- Taxes +€49,726
up €49,726 (+189.2%), from €26,283 to €76,009
- Depreciation +€11,710
up €11,710 (+179.4%), from €6,527 to €18,236
- Write-downs +€10,116
up €10,116, from -€5,800 to €4,316
- Other operating charges -€5,754
down €5,754 (-97.0%), from €5,931 to €177
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 | €962,200 | €1,254,130 | +€291,930 | +30.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €83,534 | €65,297 | -€18,236 | -21.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €83,343 | €65,106 | -€18,236 | -21.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €83,343 | €65,106 | -€18,236 | -21.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €878,667 | €1,188,833 | +€310,167 | +35.3% |
| Amounts receivable within one year | 40/41 | €461,136 | €641,824 | +€180,687 | +39.2% |
| Trade receivables | 40 | €373,457 | €549,586 | +€176,129 | +47.2% |
| Other amounts receivable | 41 | €87,679 | €92,238 | +€4,559 | +5.2% |
| Cash at bank and in hand | 54/58 | €409,274 | €539,009 | +€129,734 | +31.7% |
| Deferred charges and accrued income | 490/1 | €8,256 | €8,001 | -€255 | -3.1% |
| Total equity and liabilities | 10/49 | €962,200 | €1,254,130 | +€291,930 | +30.3% |
| Equity | 10/15 | €725,891 | €800,694 | +€74,802 | +10.3% |
| Contributions | 10/11 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €506,659 | €578,659 | +€72,000 | +14.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €504,800 | €576,800 | +€72,000 | +14.3% |
| Profit (loss) carried forward | 14 | €206,840 | €209,642 | +€2,802 | +1.4% |
| Amounts payable | 17/49 | €236,309 | €453,437 | +€217,128 | +91.9% |
| Amounts payable after more than one year | 17 | €57,411 | €37,468 | -€19,943 | -34.7% |
| Financial debts | 170/4 | €57,411 | €37,468 | -€19,943 | -34.7% |
| Amounts payable within one year | 42/48 | €178,740 | €415,838 | +€237,098 | +132.7% |
| Current portion of amounts payable after more than one year | 42 | €20,219 | €20,869 | +€650 | +3.2% |
| Financial debts | 43 | €48,333 | €51,667 | +€3,333 | +6.9% |
| Credit institutions | 430/8 | €48,333 | €51,667 | +€3,333 | +6.9% |
| Trade debts | 44 | €35,266 | €233,378 | +€198,113 | +561.8% |
| Suppliers | 440/4 | €35,266 | €233,378 | +€198,113 | +561.8% |
| Taxes, remuneration and social security | 45 | €14,922 | €14,924 | +€2 | 0.0% |
| Taxes | 450/3 | €3,549 | €3,549 | = | 0.0% |
| Remuneration and social security | 454/9 | €11,373 | €11,375 | +€2 | 0.0% |
| Other amounts payable | 47/48 | €60,000 | €95,000 | +€35,000 | +58.3% |
| Accrued charges and deferred income | 492/3 | €158 | €131 | -€28 | -17.4% |
| Remuneration, social security and pensions | 62 | €57,250 | €62,764 | +€5,514 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,527 | €18,236 | +€11,710 | +179.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,800 | €4,316 | +€10,116 | |
| Other operating charges | 640/8 | €5,931 | €177 | -€5,754 | -97.0% |
| Gross operating margin | 9900 | €154,309 | €332,451 | +€178,143 | +115.4% |
| Operating profit (loss) | 9901 | €90,401 | €246,958 | +€156,557 | +173.2% |
| Financial income | 75/76B | €1,272 | €2,881 | +€1,609 | +126.5% |
| Recurring financial income | 75 | €1,272 | €2,881 | +€1,609 | +126.5% |
| Financial charges | 65/66B | €3,163 | €4,028 | +€865 | +27.4% |
| Recurring financial charges | 65 | €3,163 | €4,028 | +€865 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €88,510 | €245,812 | +€157,302 | +177.7% |
| Income taxes | 67/77 | €26,283 | €76,009 | +€49,726 | +189.2% |
| Profit (loss) for the period | 9904 | €62,227 | €169,802 | +€107,575 | +172.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,227 | €169,802 | +€107,575 | +172.9% |
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 8 October 2026 via checked.be.