SAGICO: 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.
SAGICO
Largest movements
- Receivables within one year -€21,989
down €21,989 (-82.7%), from €26,591 to €4,602
- Reserves +€180,433
up €180,433 (+16.4%), from €1.1m to €1.3m
- Other debts -€146,500
down €146,500 (-39.7%), from €368,712 to €222,212
- Current portion of long-term debt -€72,223
down €72,223 (-100%), from €72,223 to €0
- Gross operating margin +€80,085
up €80,085 (+249%), from €32,117 to €112,203
- Financial income +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Taxes +€20,801
up €20,801 (+346%), from €6,009 to €26,811
- Financial charges -€3,134
down €3,134 (-44.2%), from €7,094 to €3,961
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,944,339 | €1,906,494 | -€37,845 | -1.9% |
| Fixed assets | 21/28 | €1,877,896 | €1,877,896 | = | 0.0% |
| Financial fixed assets | 28 | €1,877,896 | €1,877,896 | = | 0.0% |
| Current assets | 29/58 | €66,442 | €28,597 | -€37,845 | -57.0% |
| Amounts receivable within one year | 40/41 | €26,591 | €4,602 | -€21,989 | -82.7% |
| Other amounts receivable | 41 | €26,591 | €4,602 | -€21,989 | -82.7% |
| Cash at bank and in hand | 54/58 | €37,851 | €23,995 | -€13,856 | -36.6% |
| Deferred charges and accrued income | 490/1 | €2,000 | €0 | -€2,000 | -100% |
| Total equity and liabilities | 10/49 | €1,944,339 | €1,906,494 | -€37,845 | -1.9% |
| Equity | 10/15 | €1,486,687 | €1,667,121 | +€180,433 | +12.1% |
| Contributions | 10/11 | €388,200 | €388,200 | = | 0.0% |
| Reserves | 13 | €1,098,487 | €1,278,921 | +€180,433 | +16.4% |
| Distributable reserves | 133 | €1,098,487 | €1,278,921 | +€180,433 | +16.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €457,651 | €239,373 | -€218,278 | -47.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €456,981 | €238,703 | -€218,278 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €72,223 | €0 | -€72,223 | -100% |
| Financial debts | 43 | €10,203 | €10,034 | -€169 | -1.7% |
| Credit institutions | 430/8 | €10,203 | €10,034 | -€169 | -1.7% |
| Trade debts | 44 | €5,843 | €6,307 | +€464 | +7.9% |
| Suppliers | 440/4 | €5,843 | €6,307 | +€464 | +7.9% |
| Taxes, remuneration and social security | 45 | - | €150 | +€150 | |
| Taxes | 450/3 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €368,712 | €222,212 | -€146,500 | -39.7% |
| Accrued charges and deferred income | 492/3 | €670 | €670 | = | 0.0% |
| Other operating charges | 640/8 | €986 | €998 | +€13 | +1.3% |
| Gross operating margin | 9900 | €32,117 | €112,203 | +€80,085 | +249% |
| Operating profit (loss) | 9901 | €31,132 | €111,204 | +€80,073 | +257% |
| Financial income | 75/76B | €75,000 | €100,000 | +€25,000 | +33.3% |
| Recurring financial income | 75 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Financial charges | 65/66B | €7,094 | €3,961 | -€3,134 | -44.2% |
| Recurring financial charges | 65 | €7,094 | €3,961 | -€3,134 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €99,037 | €207,244 | +€108,206 | +109% |
| Income taxes | 67/77 | €6,009 | €26,811 | +€20,801 | +346% |
| Profit (loss) for the period | 9904 | €93,028 | €180,433 | +€87,405 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,028 | €180,433 | +€87,405 | +94.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.