SAGIS: 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.
SAGIS
Largest movements
- Cash +€73,091
up €73,091 (+265.2%), from €27,557 to €100,648
mainly Current investments (+€66,962) and Other debts (+€48,688)
- Current investments -€66,962
down €66,962 (-72.3%), from €92,664 to €25,702
- Tangible fixed assets -€16,341
down €16,341 (-36.5%), from €44,807 to €28,466
of which Furniture and vehicles: -€15,263
- Receivables within one year -€7,557
down €7,557 (-31.7%), from €23,819 to €16,262
of which Trade receivables: -€6,002
- Reserves -€54,636
down €54,636 (-46.7%), from €116,996 to €62,360
- Other debts +€48,688
up €48,688 (+243.4%), from €20,000 to €68,688
- Tax, wage and social debts -€4,589
down €4,589 (-33.9%), from €13,541 to €8,952
- Trade debts -€4,038
down €4,038 (-56.8%), from €7,110 to €3,072
- Advances received -€3,331
no longer reported in 2025 (was €3,331)
- Financial income +€3,455
up €3,455 (+4872.6%), from €71 to €3,526
- Depreciation -€1,444
down €1,444 (-8.1%), from €17,785 to €16,341
- Gross operating margin -€1,398
down €1,398 (-4.7%), from €29,942 to €28,544
- Other operating charges -€685
down €685 (-48.8%), from €1,404 to €719
- Taxes +€658
up €658 (+13.7%), from €4,820 to €5,479
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 | €189,709 | €172,281 | -€17,428 | -9.2% |
| Fixed assets | 21/28 | €44,807 | €28,466 | -€16,341 | -36.5% |
| Tangible fixed assets | 22/27 | €44,807 | €28,466 | -€16,341 | -36.5% |
| Plant, machinery and equipment | 23 | €642 | €181 | -€460 | -71.8% |
| Furniture and vehicles | 24 | €31,122 | €15,859 | -€15,263 | -49.0% |
| Other tangible fixed assets | 26 | €13,043 | €12,426 | -€617 | -4.7% |
| Current assets | 29/58 | €144,902 | €143,816 | -€1,087 | -0.8% |
| Amounts receivable within one year | 40/41 | €23,819 | €16,262 | -€7,557 | -31.7% |
| Trade receivables | 40 | €20,094 | €14,092 | -€6,002 | -29.9% |
| Other amounts receivable | 41 | €3,725 | €2,170 | -€1,555 | -41.8% |
| Current investments | 50/53 | €92,664 | €25,702 | -€66,962 | -72.3% |
| Cash at bank and in hand | 54/58 | €27,557 | €100,648 | +€73,091 | +265.2% |
| Deferred charges and accrued income | 490/1 | €862 | €1,204 | +€341 | +39.6% |
| Total equity and liabilities | 10/49 | €189,709 | €172,281 | -€17,428 | -9.2% |
| Equity | 10/15 | €143,227 | €89,069 | -€54,158 | -37.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €116,996 | €62,360 | -€54,636 | -46.7% |
| Distributable reserves | 133 | €116,996 | €62,360 | -€54,636 | -46.7% |
| Profit (loss) carried forward | 14 | €18,731 | €19,209 | +€478 | +2.6% |
| Amounts payable | 17/49 | €46,482 | €83,212 | +€36,731 | +79.0% |
| Amounts payable within one year | 42/48 | €43,982 | €80,712 | +€36,731 | +83.5% |
| Trade debts | 44 | €7,110 | €3,072 | -€4,038 | -56.8% |
| Suppliers | 440/4 | €7,110 | €3,072 | -€4,038 | -56.8% |
| Advances received on contracts in progress | 46 | €3,331 | - | -€3,331 | |
| Taxes, remuneration and social security | 45 | €13,541 | €8,952 | -€4,589 | -33.9% |
| Taxes | 450/3 | €13,541 | €8,952 | -€4,589 | -33.9% |
| Other amounts payable | 47/48 | €20,000 | €68,688 | +€48,688 | +243.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,785 | €16,341 | -€1,444 | -8.1% |
| Other operating charges | 640/8 | €1,404 | €719 | -€685 | -48.8% |
| Gross operating margin | 9900 | €29,942 | €28,544 | -€1,398 | -4.7% |
| Operating profit (loss) | 9901 | €10,753 | €11,484 | +€732 | +6.8% |
| Financial income | 75/76B | €71 | €3,526 | +€3,455 | +4872.6% |
| Recurring financial income | 75 | €71 | €3,526 | +€3,455 | +4872.6% |
| Financial charges | 65/66B | €245 | €54 | -€191 | -78.1% |
| Recurring financial charges | 65 | €245 | €54 | -€191 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €10,579 | €14,957 | +€4,378 | +41.4% |
| Income taxes | 67/77 | €4,820 | €5,479 | +€658 | +13.7% |
| Profit (loss) for the period | 9904 | €5,759 | €9,478 | +€3,719 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,759 | €9,478 | +€3,719 | +64.6% |
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 2 October 2026 via checked.be.