SAGITTAS: 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.
SAGITTAS
Largest movements
- Cash +€110,650
up €110,650 (+1,466%), from €7,549 to €118,199
mainly Net result for the year (+€83,453) and Other debts (+€45,395)
- Receivables within one year +€83,079
up €83,079 (+25.4%), from €326,666 to €409,746
of which Trade receivables: +€67,450
- Tangible fixed assets -€19,683
down €19,683 (-3.0%), from €663,829 to €644,146
of which Land and buildings: -€13,566
- Reserves +€76,187
new in 2025: €76,187
- Other debts +€45,395
up €45,395 (+6.8%), from €664,517 to €709,912
- Tax, wage and social debts +€44,067
up €44,067 (+621%), from €7,096 to €51,163
- Gross operating margin +€88,320
up €88,320 (+75.3%), from €117,222 to €205,542
- Taxes +€40,705
up €40,705 (+2,448%), from €1,663 to €42,368
- Financial charges +€11,541
up €11,541 (+47.6%), from €24,230 to €35,770
- Depreciation +€3,297
up €3,297 (+8.7%), from €38,094 to €41,391
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 | €998,044 | €1,172,091 | +€174,046 | +17.4% |
| Fixed assets | 21/28 | €663,829 | €644,146 | -€19,683 | -3.0% |
| Tangible fixed assets | 22/27 | €663,829 | €644,146 | -€19,683 | -3.0% |
| Land and buildings | 22 | €352,726 | €339,160 | -€13,566 | -3.8% |
| Furniture and vehicles | 24 | €66,661 | €54,809 | -€11,852 | -17.8% |
| Other tangible fixed assets | 26 | €244,442 | €250,177 | +€5,735 | +2.3% |
| Current assets | 29/58 | €334,216 | €527,945 | +€193,729 | +58.0% |
| Amounts receivable within one year | 40/41 | €326,666 | €409,746 | +€83,079 | +25.4% |
| Trade receivables | 40 | €320,831 | €388,281 | +€67,450 | +21.0% |
| Other amounts receivable | 41 | €5,835 | €21,465 | +€15,629 | +268% |
| Cash at bank and in hand | 54/58 | €7,549 | €118,199 | +€110,650 | +1,466% |
| Total equity and liabilities | 10/49 | €998,044 | €1,172,091 | +€174,046 | +17.4% |
| Equity | 10/15 | €322,734 | €406,187 | +€83,453 | +25.9% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | - | €76,187 | +€76,187 | |
| Distributable reserves | 133 | - | €76,187 | +€76,187 | |
| Profit (loss) carried forward | 14 | -€7,266 | - | +€7,266 | |
| Amounts payable | 17/49 | €675,310 | €765,904 | +€90,594 | +13.4% |
| Amounts payable within one year | 42/48 | €675,310 | €765,904 | +€90,594 | +13.4% |
| Trade debts | 44 | €3,697 | €4,829 | +€1,132 | +30.6% |
| Suppliers | 440/4 | €3,697 | €4,829 | +€1,132 | +30.6% |
| Taxes, remuneration and social security | 45 | €7,096 | €51,163 | +€44,067 | +621% |
| Taxes | 450/3 | €7,096 | €51,163 | +€44,067 | +621% |
| Other amounts payable | 47/48 | €664,517 | €709,912 | +€45,395 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,094 | €41,391 | +€3,297 | +8.7% |
| Other operating charges | 640/8 | €1,297 | €2,560 | +€1,263 | +97.4% |
| Gross operating margin | 9900 | €117,222 | €205,542 | +€88,320 | +75.3% |
| Operating profit (loss) | 9901 | €77,831 | €161,591 | +€83,760 | +108% |
| Financial charges | 65/66B | €24,230 | €35,770 | +€11,541 | +47.6% |
| Recurring financial charges | 65 | €24,230 | €35,770 | +€11,541 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €53,601 | €125,820 | +€72,219 | +135% |
| Income taxes | 67/77 | €1,663 | €42,368 | +€40,705 | +2,448% |
| Profit (loss) for the period | 9904 | €51,938 | €83,453 | +€31,514 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,938 | €83,453 | +€31,514 | +60.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.