Sagmarius: 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.
Sagmarius
Largest movements
- Receivables within one year +€80,464
up €80,464 (+152%), from €52,826 to €133,290
of which Other amounts receivable: +€80,599
- Cash +€49,391
up €49,391 (+196%), from €25,149 to €74,541
mainly Net result for the year (+€145,334) and Investment in fixed assets (net) (+€23,370)
- Current investments +€40,930
new in 2025: €40,930
- Tangible fixed assets -€29,959
down €29,959 (-79.0%), from €37,917 to €7,957
of which Furniture and vehicles: -€29,811
- Deferred charges and accrued income +€27,988
up €27,988 (+3,063%), from €914 to €28,902
- Reserves +€145,334
up €145,334 (+194%), from €74,955 to €220,289
- Tax, wage and social debts +€23,236
up €23,236 (+59.3%), from €39,177 to €62,413
- Gross operating margin +€186,215
up €186,215 (+1,901%), from €9,798 to €196,012
- Taxes +€41,479
up €41,479 (+1,404%), from €2,955 to €44,434
- Other operating charges +€3,567
new in 2025: €3,567
- Financial income +€2,751
up €2,751 (+150%), from €1,832 to €4,583
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 | €116,806 | €285,620 | +€168,814 | +145% |
| Fixed assets | 21/28 | €37,917 | €7,957 | -€29,959 | -79.0% |
| Tangible fixed assets | 22/27 | €37,917 | €7,957 | -€29,959 | -79.0% |
| Plant, machinery and equipment | 23 | €2,237 | €2,089 | -€148 | -6.6% |
| Furniture and vehicles | 24 | €35,680 | €5,869 | -€29,811 | -83.6% |
| Current assets | 29/58 | €78,890 | €277,663 | +€198,773 | +252% |
| Amounts receivable within one year | 40/41 | €52,826 | €133,290 | +€80,464 | +152% |
| Trade receivables | 40 | €22,641 | €22,506 | -€135 | -0.6% |
| Other amounts receivable | 41 | €30,186 | €110,784 | +€80,599 | +267% |
| Current investments | 50/53 | - | €40,930 | +€40,930 | |
| Cash at bank and in hand | 54/58 | €25,149 | €74,541 | +€49,391 | +196% |
| Deferred charges and accrued income | 490/1 | €914 | €28,902 | +€27,988 | +3,063% |
| Total equity and liabilities | 10/49 | €116,806 | €285,620 | +€168,814 | +145% |
| Equity | 10/15 | €77,455 | €222,789 | +€145,334 | +188% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €74,955 | €220,289 | +€145,334 | +194% |
| Distributable reserves | 133 | €74,955 | €220,289 | +€145,334 | +194% |
| Amounts payable | 17/49 | €39,352 | €62,832 | +€23,480 | +59.7% |
| Amounts payable within one year | 42/48 | €39,352 | €62,832 | +€23,480 | +59.7% |
| Trade debts | 44 | €175 | €418 | +€244 | +140% |
| Suppliers | 440/4 | €175 | €418 | +€244 | +140% |
| Taxes, remuneration and social security | 45 | €39,177 | €62,413 | +€23,236 | +59.3% |
| Taxes | 450/3 | €39,177 | €62,413 | +€23,236 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,755 | €6,589 | -€1,166 | -15.0% |
| Other operating charges | 640/8 | - | €3,567 | +€3,567 | |
| Gross operating margin | 9900 | €9,798 | €196,012 | +€186,215 | +1,901% |
| Operating profit (loss) | 9901 | €2,043 | €185,856 | +€183,813 | +8,998% |
| Financial income | 75/76B | €1,832 | €4,583 | +€2,751 | +150% |
| Recurring financial income | 75 | €1,832 | €4,583 | +€2,751 | +150% |
| Financial charges | 65/66B | €154 | €670 | +€516 | +335% |
| Recurring financial charges | 65 | €154 | €670 | +€516 | +335% |
| Profit (loss) for the period before taxes | 9903 | €3,720 | €189,768 | +€186,048 | +5,001% |
| Income taxes | 67/77 | €2,955 | €44,434 | +€41,479 | +1,404% |
| Profit (loss) for the period | 9904 | €765 | €145,334 | +€144,568 | +18,886% |
| Profit (loss) for the period to be appropriated | 9905 | €765 | €145,334 | +€144,568 | +18,886% |
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 30 October 2026 via checked.be.