SARGO: what changed
Two fiscal 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.
SARGO
Largest movements
- Receivables within one year -€197,204
down €197,204 (-36.5%), from €540,178 to €342,974
of which Trade receivables: -€189,355
- Deferred charges and accrued income -€47,779
down €47,779 (-99.5%), from €48,000 to €221
- Stocks and contracts -€14,966
down €14,966 (-32.4%), from €46,216 to €31,250
- Cash +€8,167
up €8,167 (+59.8%), from €13,655 to €21,822
mainly Receivables within one year (+€197,204) and Deferred charges and accrued income (+€47,779)
- Profit (loss) carried forward -€166,413
down €166,413 (-51.2%), from €325,269 to €158,856
- Trade debts -€86,851
down €86,851 (-43.6%), from €199,225 to €112,374
- Gross operating margin -€176,709
down €176,709, from €77,027 to -€99,682
- Turnover -€91,827
down €91,827 (-16.9%), from €542,762 to €450,935
- Purchases and services +€86,429
up €86,429 (+18.5%), from €467,572 to €554,001
- Taxes -€12,646
down €12,646, from €8,002 to -€4,644
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €652,920 | €401,364 | -€251,556 | -38.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,871 | €5,096 | +€226 | +4.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €4,508 | €4,733 | +€226 | +5.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,508 | €4,733 | +€226 | +5.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €648,049 | €396,268 | -€251,781 | -38.9% |
| Stocks and contracts in progress | 3 | €46,216 | €31,250 | -€14,966 | -32.4% |
| Stocks | 30/36 | €46,216 | €31,250 | -€14,966 | -32.4% |
| Amounts receivable within one year | 40/41 | €540,178 | €342,974 | -€197,204 | -36.5% |
| Trade receivables | 40 | €491,754 | €302,399 | -€189,355 | -38.5% |
| Other amounts receivable | 41 | €48,424 | €40,575 | -€7,849 | -16.2% |
| Cash at bank and in hand | 54/58 | €13,655 | €21,822 | +€8,167 | +59.8% |
| Deferred charges and accrued income | 490/1 | €48,000 | €221 | -€47,779 | -99.5% |
| Total equity and liabilities | 10/49 | €652,920 | €401,364 | -€251,556 | -38.5% |
| Equity | 10/15 | €443,469 | €277,056 | -€166,413 | -37.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €56,200 | €56,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €56,200 | €56,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,269 | €158,856 | -€166,413 | -51.2% |
| Amounts payable | 17/49 | €209,450 | €124,308 | -€85,142 | -40.7% |
| Amounts payable within one year | 42/48 | €209,450 | €124,308 | -€85,142 | -40.7% |
| Trade debts | 44 | €199,225 | €112,374 | -€86,851 | -43.6% |
| Suppliers | 440/4 | €199,225 | €112,374 | -€86,851 | -43.6% |
| Taxes, remuneration and social security | 45 | €8,226 | €8,364 | +€138 | +1.7% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €8,226 | €8,364 | +€138 | +1.7% |
| Other amounts payable | 47/48 | €2,000 | €3,570 | +€1,570 | +78.5% |
| Turnover | 70 | €542,762 | €450,935 | -€91,827 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €467,572 | €554,001 | +€86,429 | +18.5% |
| Remuneration, social security and pensions | 62 | €54,404 | €58,745 | +€4,341 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,853 | €2,902 | +€49 | +1.7% |
| Other operating charges | 640/8 | €1,710 | €6,838 | +€5,128 | +299.9% |
| Gross operating margin | 9900 | €77,027 | -€99,682 | -€176,709 | |
| Operating profit (loss) | 9901 | €18,060 | -€168,167 | -€186,227 | |
| Financial income | 75/76B | €1 | €2,975 | +€2,974 | +297416.0% |
| Recurring financial income | 75 | €1 | €2,975 | +€2,974 | +297416.0% |
| Financial charges | 65/66B | €2,392 | €5,865 | +€3,473 | +145.2% |
| Recurring financial charges | 65 | €2,392 | €5,865 | +€3,473 | +145.2% |
| Profit (loss) for the period before taxes | 9903 | €15,669 | -€171,057 | -€186,726 | |
| Income taxes | 67/77 | €8,002 | -€4,644 | -€12,646 | |
| Profit (loss) for the period | 9904 | €7,667 | -€166,413 | -€174,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,667 | -€166,413 | -€174,080 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.