SAGIM: 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.
SAGIM
Largest movements
- Cash -€62,006
down €62,006 (-69.5%), from €89,244 to €27,238
mainly Net result for the year (-€34,364) and Tax, wage and social debts (-€23,999)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,736
up €2,736 (+13.1%), from -€20,930 to -€18,194
- Financial charges -€324
down €324 (-3.4%), from €9,642 to €9,318
- Other operating charges +€264
up €264 (+3.8%), from €6,997 to €7,261
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 | €3,499,338 | €3,439,912 | -€59,426 | -1.7% |
| Fixed assets | 21/28 | €1,369,737 | €1,369,737 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,369,737 | €1,369,737 | = | 0.0% |
| Land and buildings | 22 | €1,369,737 | €1,369,737 | = | 0.0% |
| Current assets | 29/58 | €2,129,601 | €2,070,175 | -€59,426 | -2.8% |
| Stocks and contracts in progress | 3 | €2,039,696 | €2,041,544 | +€1,848 | +0.1% |
| Stocks | 30/36 | €2,039,696 | €2,041,544 | +€1,848 | +0.1% |
| Amounts receivable within one year | 40/41 | €92 | - | -€92 | |
| Other amounts receivable | 41 | €92 | - | -€92 | |
| Cash at bank and in hand | 54/58 | €89,244 | €27,238 | -€62,006 | -69.5% |
| Deferred charges and accrued income | 490/1 | €569 | €1,393 | +€824 | +145% |
| Total equity and liabilities | 10/49 | €3,499,338 | €3,439,912 | -€59,426 | -1.7% |
| Equity | 10/15 | €3,198,493 | €3,164,129 | -€34,364 | -1.1% |
| Contributions | 10/11 | €1,519,734 | €1,519,734 | = | 0.0% |
| Capital | 10 | €1,519,734 | €1,519,734 | = | 0.0% |
| Issued capital | 100 | €1,519,734 | €1,519,734 | = | 0.0% |
| Reserves | 13 | €401,850 | €401,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €151,973 | €151,973 | = | 0.0% |
| Legal reserve | 130 | €151,973 | €151,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €99,877 | €99,877 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,276,909 | €1,242,545 | -€34,364 | -2.7% |
| Amounts payable | 17/49 | €300,845 | €275,783 | -€25,062 | -8.3% |
| Amounts payable within one year | 42/48 | €300,845 | €275,783 | -€25,062 | -8.3% |
| Trade debts | 44 | €1,063 | - | -€1,063 | |
| Suppliers | 440/4 | €1,063 | - | -€1,063 | |
| Taxes, remuneration and social security | 45 | €159,782 | €135,783 | -€23,999 | -15.0% |
| Taxes | 450/3 | €159,782 | €135,783 | -€23,999 | -15.0% |
| Other amounts payable | 47/48 | €140,000 | €140,000 | = | 0.0% |
| Other operating charges | 640/8 | €6,997 | €7,261 | +€264 | +3.8% |
| Gross operating margin | 9900 | -€20,930 | -€18,194 | +€2,736 | +13.1% |
| Operating profit (loss) | 9901 | -€27,927 | -€25,455 | +€2,472 | +8.9% |
| Financial income | 75/76B | €329 | €527 | +€198 | +60.2% |
| Recurring financial income | 75 | €329 | €527 | +€198 | +60.2% |
| Financial charges | 65/66B | €9,642 | €9,318 | -€324 | -3.4% |
| Recurring financial charges | 65 | €9,642 | €9,318 | -€324 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,240 | -€34,246 | +€2,994 | +8.0% |
| Income taxes | 67/77 | - | €118 | +€118 | |
| Profit (loss) for the period | 9904 | -€37,240 | -€34,364 | +€2,876 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,240 | -€34,364 | +€2,876 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.