SAGON-MATTE MANAGEMENT: 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.
SAGON-MATTE MANAGEMENT
Largest movements
- Cash +€600,403
up €600,403 (+491%), from €122,259 to €722,662
mainly Current investments (+€400,000) and Net result for the year (+€161,340)
- Current investments -€400,000
down €400,000 (-100%), from €400,000 to €0
- Receivables within one year -€79,550
down €79,550 (-30.6%), from €260,172 to €180,622
- Reserves +€161,340
up €161,340 (+12.7%), from €1.3m to €1.4m
- Debts after one year -€40,940
down €40,940 (-49.2%), from €83,160 to €42,220
- Financial income +€5,877
up €5,877 (+82.5%), from €7,127 to €13,004
- Gross operating margin +€4,992
up €4,992 (+2.2%), from €221,904 to €226,897
- Taxes +€3,876
up €3,876 (+5.9%), from €65,287 to €69,162
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 | €1,562,783 | €1,683,656 | +€120,872 | +7.7% |
| Fixed assets | 21/28 | €780,000 | €780,000 | = | 0.0% |
| Financial fixed assets | 28 | €780,000 | €780,000 | = | 0.0% |
| Current assets | 29/58 | €782,783 | €903,656 | +€120,872 | +15.4% |
| Amounts receivable within one year | 40/41 | €260,172 | €180,622 | -€79,550 | -30.6% |
| Other amounts receivable | 41 | €260,172 | €180,622 | -€79,550 | -30.6% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100% |
| Cash at bank and in hand | 54/58 | €122,259 | €722,662 | +€600,403 | +491% |
| Deferred charges and accrued income | 490/1 | €353 | €372 | +€20 | +5.6% |
| Total equity and liabilities | 10/49 | €1,562,783 | €1,683,656 | +€120,872 | +7.7% |
| Equity | 10/15 | €1,365,809 | €1,527,149 | +€161,340 | +11.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,265,809 | €1,427,149 | +€161,340 | +12.7% |
| Distributable reserves | 133 | €1,265,809 | €1,427,149 | +€161,340 | +12.7% |
| Amounts payable | 17/49 | €196,974 | €156,507 | -€40,467 | -20.5% |
| Amounts payable after more than one year | 17 | €83,160 | €42,220 | -€40,940 | -49.2% |
| Financial debts | 170/4 | €83,160 | €42,220 | -€40,940 | -49.2% |
| Amounts payable within one year | 42/48 | €112,420 | €112,278 | -€142 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €39,699 | €40,940 | +€1,241 | +3.1% |
| Trade debts | 44 | €1,350 | €2,000 | +€650 | +48.2% |
| Suppliers | 440/4 | €1,350 | €2,000 | +€650 | +48.2% |
| Taxes, remuneration and social security | 45 | €2,609 | €2,641 | +€32 | +1.2% |
| Taxes | 450/3 | €2,609 | €2,641 | +€32 | +1.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €68,762 | €66,697 | -€2,065 | -3.0% |
| Accrued charges and deferred income | 492/3 | €1,395 | €2,009 | +€615 | +44.1% |
| Other operating charges | 640/8 | €1,370 | €1,409 | +€40 | +2.9% |
| Gross operating margin | 9900 | €221,904 | €226,897 | +€4,992 | +2.2% |
| Operating profit (loss) | 9901 | €220,535 | €225,487 | +€4,953 | +2.2% |
| Financial income | 75/76B | €7,127 | €13,004 | +€5,877 | +82.5% |
| Recurring financial income | 75 | €7,127 | €13,004 | +€5,877 | +82.5% |
| Financial charges | 65/66B | €9,681 | €7,990 | -€1,691 | -17.5% |
| Recurring financial charges | 65 | €9,681 | €7,990 | -€1,691 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €217,980 | €230,502 | +€12,522 | +5.7% |
| Income taxes | 67/77 | €65,287 | €69,162 | +€3,876 | +5.9% |
| Profit (loss) for the period | 9904 | €152,694 | €161,340 | +€8,646 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,694 | €161,340 | +€8,646 | +5.7% |
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 30 October 2026 via checked.be.