SAGEMAR: 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.
SAGEMAR
Largest movements
- Cash -€1,455
down €1,455 (-96.9%), from €1,501 to €46
mainly Net result for the year (-€2,617)
- Profit (loss) carried forward -€2,617
down €2,617 (-53.0%), from -€4,934 to -€7,551
- Trade debts +€1,070
new in 2025: €1,070
- Gross operating margin -€273
down €273 (-16.7%), from -€1,639 to -€1,912
- Financial charges +€28
up €28 (+18.5%), from €150 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.
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 | €13,757 | €12,302 | -€1,455 | -10.6% |
| Current assets | 29/58 | €13,757 | €12,302 | -€1,455 | -10.6% |
| Amounts receivable within one year | 40/41 | €12,256 | €12,256 | = | 0.0% |
| Other amounts receivable | 41 | €12,256 | €12,256 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,501 | €46 | -€1,455 | -96.9% |
| Total equity and liabilities | 10/49 | €13,757 | €12,302 | -€1,455 | -10.6% |
| Equity | 10/15 | €13,666 | €11,049 | -€2,617 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,934 | -€7,551 | -€2,617 | -53.0% |
| Amounts payable | 17/49 | €91 | €1,253 | +€1,162 | +1,281% |
| Amounts payable within one year | 42/48 | €91 | €1,248 | +€1,158 | +1,275% |
| Trade debts | 44 | - | €1,070 | +€1,070 | |
| Suppliers | 440/4 | - | €1,070 | +€1,070 | |
| Other amounts payable | 47/48 | €91 | €178 | +€88 | +96.6% |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,639 | -€1,912 | -€273 | -16.7% |
| Operating profit (loss) | 9901 | -€2,153 | -€2,440 | -€287 | -13.4% |
| Financial charges | 65/66B | €150 | €177 | +€28 | +18.5% |
| Recurring financial charges | 65 | €150 | €177 | +€28 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,302 | -€2,617 | -€315 | -13.7% |
| Profit (loss) for the period | 9904 | -€2,302 | -€2,617 | -€315 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,302 | -€2,617 | -€315 | -13.7% |
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 16 October 2026 via checked.be.