SAGITTA: 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.
SAGITTA
Largest movements
- Tangible fixed assets -€224,891
down €224,891 (-3.7%), from €6.1m to €5.9m
- Cash +€164,154
up €164,154 (+157.0%), from €104,525 to €268,679
mainly Depreciation (+€254,581) and Net result for the year (+€102,004)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€16,083
up €16,083 (+2.5%), from €632,725 to €648,808
- Financial charges -€10,527
down €10,527 (-6.0%), from €176,610 to €166,083
- Purchases and services -€10,280
down €10,280 (-15.1%), from €68,138 to €57,858
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 | €6,202,855 | €6,144,339 | -€58,516 | -0.9% |
| Fixed assets | 21/28 | €6,092,111 | €5,867,220 | -€224,891 | -3.7% |
| Tangible fixed assets | 22/27 | €6,092,111 | €5,867,220 | -€224,891 | -3.7% |
| Land and buildings | 22 | €6,092,111 | €5,867,220 | -€224,891 | -3.7% |
| Current assets | 29/58 | €110,744 | €277,119 | +€166,375 | +150.2% |
| Amounts receivable within one year | 40/41 | €1,081 | €1,617 | +€536 | +49.6% |
| Other amounts receivable | 41 | €1,081 | €1,617 | +€536 | +49.6% |
| Cash at bank and in hand | 54/58 | €104,525 | €268,679 | +€164,154 | +157.0% |
| Deferred charges and accrued income | 490/1 | €5,138 | €6,823 | +€1,685 | +32.8% |
| Total equity and liabilities | 10/49 | €6,202,855 | €6,144,339 | -€58,516 | -0.9% |
| Equity | 10/15 | €2,554,305 | €2,506,309 | -€47,996 | -1.9% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,266,322 | €2,212,209 | -€54,113 | -2.4% |
| Reserves | 13 | €47,983 | €54,100 | +€6,117 | +12.7% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Legal reserve | 130 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €23,983 | €30,100 | +€6,117 | +25.5% |
| Amounts payable | 17/49 | €3,648,550 | €3,638,030 | -€10,520 | -0.3% |
| Amounts payable after more than one year | 17 | €3,500,819 | €3,450,819 | -€50,000 | -1.4% |
| Financial debts | 170/4 | €3,500,819 | €3,450,819 | -€50,000 | -1.4% |
| Amounts payable within one year | 42/48 | €146,957 | €187,211 | +€40,254 | +27.4% |
| Trade debts | 44 | €1,365 | €27,350 | +€25,985 | +1903.7% |
| Suppliers | 440/4 | €1,365 | €27,350 | +€25,985 | +1903.7% |
| Taxes, remuneration and social security | 45 | €5,672 | €9,861 | +€4,189 | +73.9% |
| Taxes | 450/3 | €5,672 | €9,861 | +€4,189 | +73.9% |
| Other amounts payable | 47/48 | €139,920 | €150,000 | +€10,080 | +7.2% |
| Accrued charges and deferred income | 492/3 | €774 | - | -€774 | |
| Turnover | 70 | €618,282 | €623,846 | +€5,564 | +0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,138 | €57,858 | -€10,280 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,581 | €254,581 | = | 0.0% |
| Other operating charges | 640/8 | €79,727 | €78,994 | -€733 | -0.9% |
| Gross operating margin | 9900 | €632,725 | €648,808 | +€16,083 | +2.5% |
| Operating profit (loss) | 9901 | €298,417 | €315,233 | +€16,816 | +5.6% |
| Financial income | 75/76B | €5,088 | €3,311 | -€1,777 | -34.9% |
| Recurring financial income | 75 | €5,088 | €3,311 | -€1,777 | -34.9% |
| Financial charges | 65/66B | €176,610 | €166,083 | -€10,527 | -6.0% |
| Recurring financial charges | 65 | €176,610 | €166,083 | -€10,527 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €126,895 | €152,461 | +€25,566 | +20.1% |
| Income taxes | 67/77 | €47,643 | €50,457 | +€2,814 | +5.9% |
| Profit (loss) for the period | 9904 | €79,252 | €102,004 | +€22,752 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,252 | €102,004 | +€22,752 | +28.7% |
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 9 October 2026 via checked.be.