SAGI EXPORT: 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.
SAGI EXPORT
Largest movements
- Stocks and contracts -€177,219
down €177,219 (-47.6%), from €372,304 to €195,085
- Financial fixed assets +€95,656
up €95,656 (+464.7%), from €20,586 to €116,242
- Cash +€67,305
up €67,305 (+54.7%), from €123,020 to €190,325
mainly Debts after one year (+€516,035) and Net result for the year (+€251,737)
- Receivables within one year +€37,690
up €37,690 (+3.3%), from €1.1m to €1.2m
of which Other amounts receivable: +€1.1m
- Debts after one year +€516,035
up €516,035 (+56.0%), from €921,373 to €1.4m
- Short-term financial debts -€474,876
down €474,876 (-92.0%), from €516,035 to €41,158
- Profit (loss) carried forward +€251,737
up €251,737 (+69.3%), from -€363,106 to -€111,369
- Trade debts -€165,026
down €165,026 (-67.4%), from €244,743 to €79,718
- Tax, wage and social debts -€84,880
down €84,880 (-29.8%), from €285,228 to €200,348
of which Taxes: -€60,846
- Taxes -€134,502
down €134,502 (-93.3%), from €144,153 to €9,651
- Gross operating margin +€123,356
up €123,356 (+8.6%), from €1.4m to €1.6m
- Financial charges -€52,286
down €52,286 (-54.1%), from €96,570 to €44,284
- Other operating charges +€43,833
up €43,833 (+235.5%), from €18,613 to €62,447
- Financial income +€21,527
up €21,527 (+107637250.0%), from €0 to €21,527
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 | €1,693,633 | €1,726,062 | +€32,429 | +1.9% |
| Fixed assets | 21/28 | €45,381 | €144,396 | +€99,015 | +218.2% |
| Tangible fixed assets | 22/27 | €24,795 | €28,154 | +€3,359 | +13.5% |
| Plant, machinery and equipment | 23 | €345 | €0 | -€345 | -100.0% |
| Furniture and vehicles | 24 | €24,451 | €28,154 | +€3,704 | +15.1% |
| Financial fixed assets | 28 | €20,586 | €116,242 | +€95,656 | +464.7% |
| Current assets | 29/58 | €1,648,252 | €1,581,665 | -€66,586 | -4.0% |
| Stocks and contracts in progress | 3 | €372,304 | €195,085 | -€177,219 | -47.6% |
| Stocks | 30/36 | €372,304 | €195,085 | -€177,219 | -47.6% |
| Amounts receivable within one year | 40/41 | €1,148,006 | €1,185,696 | +€37,690 | +3.3% |
| Trade receivables | 40 | €1,025,777 | €6,308 | -€1.0m | -99.4% |
| Other amounts receivable | 41 | €122,229 | €1,179,388 | +€1.1m | +864.9% |
| Cash at bank and in hand | 54/58 | €123,020 | €190,325 | +€67,305 | +54.7% |
| Deferred charges and accrued income | 490/1 | €4,922 | €10,560 | +€5,638 | +114.5% |
| Total equity and liabilities | 10/49 | €1,693,633 | €1,726,062 | +€32,429 | +1.9% |
| Equity | 10/15 | -€294,906 | -€43,169 | +€251,737 | +85.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€363,106 | -€111,369 | +€251,737 | +69.3% |
| Amounts payable | 17/49 | €1,988,539 | €1,769,231 | -€219,308 | -11.0% |
| Amounts payable after more than one year | 17 | €921,373 | €1,437,408 | +€516,035 | +56.0% |
| Other amounts payable | 178/9 | €921,373 | €1,437,408 | +€516,035 | +56.0% |
| Amounts payable within one year | 42/48 | €1,046,006 | €321,224 | -€724,782 | -69.3% |
| Financial debts | 43 | €516,035 | €41,158 | -€474,876 | -92.0% |
| Credit institutions | 430/8 | €516,035 | €41,158 | -€474,876 | -92.0% |
| Trade debts | 44 | €244,743 | €79,718 | -€165,026 | -67.4% |
| Suppliers | 440/4 | €244,743 | €79,718 | -€165,026 | -67.4% |
| Taxes, remuneration and social security | 45 | €285,228 | €200,348 | -€84,880 | -29.8% |
| Taxes | 450/3 | €100,396 | €39,550 | -€60,846 | -60.6% |
| Remuneration and social security | 454/9 | €184,832 | €160,798 | -€24,034 | -13.0% |
| Accrued charges and deferred income | 492/3 | €21,160 | €10,599 | -€10,561 | -49.9% |
| Non-recurring operating income | 76A | - | €36,629 | +€36,629 | |
| Remuneration, social security and pensions | 62 | €1,207,302 | €1,191,638 | -€15,664 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,712 | €20,854 | +€3,141 | +17.7% |
| Other operating charges | 640/8 | €18,613 | €62,447 | +€43,833 | +235.5% |
| Non-recurring operating charges | 66A | €2,983 | €1,887 | -€1,096 | -36.7% |
| Gross operating margin | 9900 | €1,437,613 | €1,560,970 | +€123,356 | +8.6% |
| Operating profit (loss) | 9901 | €191,003 | €284,145 | +€93,141 | +48.8% |
| Financial income | 75/76B | €0 | €21,527 | +€21,527 | +107637250.0% |
| Recurring financial income | 75 | €0 | €21,527 | +€21,527 | +107637250.0% |
| Financial charges | 65/66B | €96,570 | €44,284 | -€52,286 | -54.1% |
| Recurring financial charges | 65 | €96,570 | €44,284 | -€52,286 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €94,433 | €261,388 | +€166,955 | +176.8% |
| Income taxes | 67/77 | €144,153 | €9,651 | -€134,502 | -93.3% |
| Profit (loss) for the period | 9904 | -€49,720 | €251,737 | +€301,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,720 | €251,737 | +€301,457 |
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 3 October 2026 via checked.be.