SAIL AGENCY: 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.
SAIL AGENCY
Largest movements
- Receivables within one year -€51,635
down €51,635 (-49.7%), from €103,937 to €52,301
of which Trade receivables: -€52,698
- Stocks and contracts -€14,210
down €14,210 (-35.7%), from €39,832 to €25,622
- Intangible fixed assets +€13,738
up €13,738 (+89.1%), from €15,417 to €29,156
- Tangible fixed assets +€11,067
up €11,067 (+2,903%), from €381 to €11,448
- Deferred charges and accrued income +€10,599
up €10,599 (+1,201%), from €882 to €11,481
- Trade debts -€42,518
down €42,518 (-51.8%), from €82,138 to €39,619
- Short-term financial debts +€12,297
up €12,297 (+37.2%), from €33,075 to €45,373
- Profit (loss) carried forward -€11,553
down €11,553, from €7,336 to -€4,218
- Tax, wage and social debts +€11,262
up €11,262 (+34.1%), from €33,007 to €44,270
of which Taxes: +€12,679
- Gross operating margin +€28,013
up €28,013, from -€7,453 to €20,560
- Depreciation +€6,766
up €6,766 (+203%), from €3,329 to €10,095
- Financial income +€5,995
up €5,995 (+307%), from €1,953 to €7,949
- Financial charges +€1,843
up €1,843 (+6.8%), from €27,285 to €29,128
- Taxes -€417
down €417 (-100%), from €417 to €0
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 | €160,556 | €130,044 | -€30,512 | -19.0% |
| Fixed assets | 21/28 | €15,799 | €40,604 | +€24,805 | +157% |
| Intangible fixed assets | 21 | €15,417 | €29,156 | +€13,738 | +89.1% |
| Tangible fixed assets | 22/27 | €381 | €11,448 | +€11,067 | +2,903% |
| Furniture and vehicles | 24 | €381 | €11,448 | +€11,067 | +2,903% |
| Current assets | 29/58 | €144,757 | €89,440 | -€55,317 | -38.2% |
| Stocks and contracts in progress | 3 | €39,832 | €25,622 | -€14,210 | -35.7% |
| Stocks | 30/36 | €39,832 | €25,622 | -€14,210 | -35.7% |
| Amounts receivable within one year | 40/41 | €103,937 | €52,301 | -€51,635 | -49.7% |
| Trade receivables | 40 | €72,231 | €19,532 | -€52,698 | -73.0% |
| Other amounts receivable | 41 | €31,706 | €32,769 | +€1,063 | +3.4% |
| Cash at bank and in hand | 54/58 | €106 | €36 | -€70 | -66.2% |
| Deferred charges and accrued income | 490/1 | €882 | €11,481 | +€10,599 | +1,201% |
| Total equity and liabilities | 10/49 | €160,556 | €130,044 | -€30,512 | -19.0% |
| Equity | 10/15 | €12,336 | €782 | -€11,553 | -93.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,336 | -€4,218 | -€11,553 | |
| Amounts payable | 17/49 | €148,220 | €129,261 | -€18,959 | -12.8% |
| Amounts payable within one year | 42/48 | €148,220 | €129,261 | -€18,959 | -12.8% |
| Financial debts | 43 | €33,075 | €45,373 | +€12,297 | +37.2% |
| Credit institutions | 430/8 | €33,075 | €45,373 | +€12,297 | +37.2% |
| Trade debts | 44 | €82,138 | €39,619 | -€42,518 | -51.8% |
| Suppliers | 440/4 | €82,138 | €39,619 | -€42,518 | -51.8% |
| Taxes, remuneration and social security | 45 | €33,007 | €44,270 | +€11,262 | +34.1% |
| Taxes | 450/3 | €29,407 | €42,086 | +€12,679 | +43.1% |
| Remuneration and social security | 454/9 | €3,600 | €2,184 | -€1,416 | -39.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,329 | €10,095 | +€6,766 | +203% |
| Other operating charges | 640/8 | €1,046 | €839 | -€207 | -19.8% |
| Gross operating margin | 9900 | -€7,453 | €20,560 | +€28,013 | |
| Operating profit (loss) | 9901 | -€11,829 | €9,626 | +€21,454 | |
| Financial income | 75/76B | €1,953 | €7,949 | +€5,995 | +307% |
| Recurring financial income | 75 | €1,953 | €7,949 | +€5,995 | +307% |
| Financial charges | 65/66B | €27,285 | €29,128 | +€1,843 | +6.8% |
| Recurring financial charges | 65 | €27,285 | €29,128 | +€1,843 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,160 | -€11,553 | +€25,607 | +68.9% |
| Income taxes | 67/77 | €417 | €0 | -€417 | -100% |
| Profit (loss) for the period | 9904 | -€37,577 | -€11,553 | +€26,024 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,577 | -€11,553 | +€26,024 | +69.3% |
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 27 October 2026 via checked.be.