SAGOE: 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.
SAGOE
Largest movements
- Receivables within one year +€1,904
up €1,904 (+307.1%), from €620 to €2,525
of which Trade receivables: +€2,000
- Cash +€1,858
up €1,858 (+19.8%), from €9,394 to €11,252
mainly Other debts (+€6,016) and Depreciation (+€1,431)
- Deferred charges and accrued income -€597
down €597 (-81.2%), from €735 to €138
- Other debts +€6,016
up €6,016 (+23.0%), from €26,178 to €32,194
- Trade debts -€2,731
down €2,731 (-90.7%), from €3,013 to €282
- Short-term financial debts -€327
down €327 (-77.8%), from €420 to €93
- Tax, wage and social debts +€295
up €295 (+9.2%), from €3,206 to €3,501
- Profit (loss) carried forward -€242
down €242 (-0.7%), from -€36,018 to -€36,259
- Gross operating margin +€13,758
up €13,758, from -€11,029 to €2,730
- Other operating charges -€985
down €985 (-46.1%), from €2,137 to €1,152
- Depreciation -€875
down €875 (-37.9%), from €2,306 to €1,431
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 | €13,145 | €16,157 | +€3,012 | +22.9% |
| Fixed assets | 21/28 | €2,396 | €2,243 | -€153 | -6.4% |
| Tangible fixed assets | 22/27 | €2,396 | €2,243 | -€153 | -6.4% |
| Land and buildings | 22 | €809 | €404 | -€404 | -50.0% |
| Plant, machinery and equipment | 23 | €344 | €29 | -€315 | -91.6% |
| Furniture and vehicles | 24 | €1,243 | €1,810 | +€567 | +45.6% |
| Current assets | 29/58 | €10,750 | €13,914 | +€3,165 | +29.4% |
| Amounts receivable within one year | 40/41 | €620 | €2,525 | +€1,904 | +307.1% |
| Trade receivables | 40 | €514 | €2,514 | +€2,000 | +388.9% |
| Other amounts receivable | 41 | €106 | €10 | -€96 | -90.2% |
| Cash at bank and in hand | 54/58 | €9,394 | €11,252 | +€1,858 | +19.8% |
| Deferred charges and accrued income | 490/1 | €735 | €138 | -€597 | -81.2% |
| Total equity and liabilities | 10/49 | €13,145 | €16,157 | +€3,012 | +22.9% |
| Equity | 10/15 | -€19,672 | -€19,913 | -€242 | -1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,946 | €3,946 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,631 | €1,631 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,631 | €1,631 | = | 0.0% |
| Distributable reserves | 133 | €2,315 | €2,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,018 | -€36,259 | -€242 | -0.7% |
| Amounts payable | 17/49 | €32,817 | €36,070 | +€3,254 | +9.9% |
| Amounts payable within one year | 42/48 | €32,817 | €36,070 | +€3,254 | +9.9% |
| Financial debts | 43 | €420 | €93 | -€327 | -77.8% |
| Credit institutions | 430/8 | €420 | €93 | -€327 | -77.8% |
| Trade debts | 44 | €3,013 | €282 | -€2,731 | -90.7% |
| Suppliers | 440/4 | €3,013 | €282 | -€2,731 | -90.7% |
| Taxes, remuneration and social security | 45 | €3,206 | €3,501 | +€295 | +9.2% |
| Taxes | 450/3 | €3,206 | €3,501 | +€295 | +9.2% |
| Other amounts payable | 47/48 | €26,178 | €32,194 | +€6,016 | +23.0% |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,306 | €1,431 | -€875 | -37.9% |
| Other operating charges | 640/8 | €2,137 | €1,152 | -€985 | -46.1% |
| Gross operating margin | 9900 | -€11,029 | €2,730 | +€13,758 | |
| Operating profit (loss) | 9901 | -€15,472 | €147 | +€15,619 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -67.2% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -67.2% |
| Financial charges | 65/66B | €249 | €210 | -€39 | -15.7% |
| Recurring financial charges | 65 | €249 | €210 | -€39 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,720 | -€63 | +€15,657 | +99.6% |
| Income taxes | 67/77 | €175 | €179 | +€4 | +2.1% |
| Profit (loss) for the period | 9904 | -€15,896 | -€242 | +€15,654 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,896 | -€242 | +€15,654 | +98.5% |
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 11 October 2026 via checked.be.