Sagivir: 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.
Sagivir
Largest movements
- Receivables within one year -€34,404
down €34,404 (-64.6%), from €53,240 to €18,836
of which Trade receivables: -€34,566
- Cash +€20,986
up €20,986 (+68.8%), from €30,483 to €51,469
mainly Net result for the year (+€55,741) and Receivables within one year (+€34,404)
- Tangible fixed assets -€5,474
down €5,474 (-33.3%), from €16,432 to €10,959
of which Furniture and vehicles: -€4,280
- Other debts -€28,511
down €28,511 (-100.0%), from €28,511 to €0
- Reserves +€5,741
up €5,741 (+9.9%), from €58,135 to €63,875
- Tax, wage and social debts +€4,483
up €4,483 (+35.0%), from €12,803 to €17,286
- Gross operating margin +€3,458
up €3,458 (+4.6%), from €74,749 to €78,207
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.
Cash bridge derived
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 | €102,935 | €84,581 | -€18,354 | -17.8% |
| Fixed assets | 21/28 | €16,432 | €10,959 | -€5,474 | -33.3% |
| Tangible fixed assets | 22/27 | €16,432 | €10,959 | -€5,474 | -33.3% |
| Furniture and vehicles | 24 | €5,807 | €1,527 | -€4,280 | -73.7% |
| Other tangible fixed assets | 26 | €10,625 | €9,432 | -€1,193 | -11.2% |
| Current assets | 29/58 | €86,503 | €73,622 | -€12,881 | -14.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €53,240 | €18,836 | -€34,404 | -64.6% |
| Trade receivables | 40 | €53,240 | €18,674 | -€34,566 | -64.9% |
| Other amounts receivable | 41 | - | €162 | +€162 | |
| Cash at bank and in hand | 54/58 | €30,483 | €51,469 | +€20,986 | +68.8% |
| Deferred charges and accrued income | 490/1 | €2,779 | €3,317 | +€538 | +19.3% |
| Total equity and liabilities | 10/49 | €102,935 | €84,581 | -€18,354 | -17.8% |
| Equity | 10/15 | €60,135 | €65,875 | +€5,741 | +9.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €58,135 | €63,875 | +€5,741 | +9.9% |
| Distributable reserves | 133 | €58,135 | €63,875 | +€5,741 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,800 | €18,705 | -€24,095 | -56.3% |
| Amounts payable within one year | 42/48 | €42,800 | €18,705 | -€24,095 | -56.3% |
| Trade debts | 44 | €1,486 | €1,419 | -€67 | -4.5% |
| Suppliers | 440/4 | €1,486 | €1,419 | -€67 | -4.5% |
| Taxes, remuneration and social security | 45 | €12,803 | €17,286 | +€4,483 | +35.0% |
| Taxes | 450/3 | €12,803 | €17,286 | +€4,483 | +35.0% |
| Other amounts payable | 47/48 | €28,511 | €0 | -€28,511 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,762 | €5,474 | -€288 | -5.0% |
| Other operating charges | 640/8 | €1,407 | €1,257 | -€151 | -10.7% |
| Gross operating margin | 9900 | €74,749 | €78,207 | +€3,458 | +4.6% |
| Operating profit (loss) | 9901 | €67,580 | €71,477 | +€3,897 | +5.8% |
| Financial income | 75/76B | €645 | €1,195 | +€550 | +85.3% |
| Recurring financial income | 75 | €645 | €1,195 | +€550 | +85.3% |
| Financial charges | 65/66B | €46 | €549 | +€502 | +1080.3% |
| Recurring financial charges | 65 | €46 | €549 | +€502 | +1080.3% |
| Profit (loss) for the period before taxes | 9903 | €68,178 | €72,123 | +€3,945 | +5.8% |
| Income taxes | 67/77 | €15,932 | €16,382 | +€451 | +2.8% |
| Profit (loss) for the period | 9904 | €52,247 | €55,741 | +€3,494 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,247 | €55,741 | +€3,494 | +6.7% |
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 9 October 2026 via checked.be.