SARGO TEXTILES: 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 TEXTILES
Largest movements
- Receivables within one year -€8,263
down €8,263 (-78.7%), from €10,503 to €2,240
of which Trade receivables: -€7,987
- Tangible fixed assets -€5,282
down €5,282 (-2.4%), from €219,833 to €214,551
of which Land and buildings: -€5,282
- Cash -€4,126
down €4,126 (-45.1%), from €9,140 to €5,014
mainly Debts after one year (-€11,672) and Net result for the year (-€9,507)
- Debts after one year -€11,672
down €11,672 (-17.4%), from €67,121 to €55,449
- Profit (loss) carried forward -€9,507
down €9,507 (-30.1%), from -€31,623 to -€41,130
- Turnover -€57,191
down €57,191 (-74.6%), from €76,713 to €19,522
- Gross operating margin -€33,883
down €33,883 (-95.7%), from €35,390 to €1,507
- Purchases and services -€23,309
down €23,309 (-56.4%), from €41,324 to €18,015
- Financial charges -€5,410
down €5,410 (-66.2%), from €8,169 to €2,759
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 | €239,476 | €221,805 | -€17,671 | -7.4% |
| Fixed assets | 21/28 | €219,833 | €214,551 | -€5,282 | -2.4% |
| Tangible fixed assets | 22/27 | €219,833 | €214,551 | -€5,282 | -2.4% |
| Land and buildings | 22 | €218,333 | €213,051 | -€5,282 | -2.4% |
| Plant, machinery and equipment | 23 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €19,643 | €7,254 | -€12,389 | -63.1% |
| Amounts receivable within one year | 40/41 | €10,503 | €2,240 | -€8,263 | -78.7% |
| Trade receivables | 40 | €9,610 | €1,623 | -€7,987 | -83.1% |
| Other amounts receivable | 41 | €893 | €617 | -€276 | -30.9% |
| Cash at bank and in hand | 54/58 | €9,140 | €5,014 | -€4,126 | -45.1% |
| Total equity and liabilities | 10/49 | €239,476 | €221,805 | -€17,671 | -7.4% |
| Equity | 10/15 | -€23,563 | -€33,070 | -€9,507 | -40.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,623 | -€41,130 | -€9,507 | -30.1% |
| Amounts payable | 17/49 | €263,039 | €254,875 | -€8,164 | -3.1% |
| Amounts payable after more than one year | 17 | €67,121 | €55,449 | -€11,672 | -17.4% |
| Financial debts | 170/4 | €67,121 | €55,449 | -€11,672 | -17.4% |
| Amounts payable within one year | 42/48 | €195,418 | €196,932 | +€1,514 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €11,280 | €11,672 | +€392 | +3.5% |
| Trade debts | 44 | €593 | €135 | -€458 | -77.2% |
| Suppliers | 440/4 | €593 | €135 | -€458 | -77.2% |
| Taxes, remuneration and social security | 45 | €27,149 | €27,355 | +€206 | +0.8% |
| Remuneration and social security | 454/9 | €27,149 | €27,355 | +€206 | +0.8% |
| Other amounts payable | 47/48 | €156,396 | €157,770 | +€1,374 | +0.9% |
| Accrued charges and deferred income | 492/3 | €500 | €2,494 | +€1,994 | +398.8% |
| Turnover | 70 | €76,713 | €19,522 | -€57,191 | -74.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,324 | €18,015 | -€23,309 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,283 | €5,282 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,746 | €2,561 | -€185 | -6.7% |
| Gross operating margin | 9900 | €35,390 | €1,507 | -€33,883 | -95.7% |
| Operating profit (loss) | 9901 | €27,361 | -€6,336 | -€33,697 | |
| Financial charges | 65/66B | €8,169 | €2,759 | -€5,410 | -66.2% |
| Recurring financial charges | 65 | €8,169 | €2,759 | -€5,410 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €19,192 | -€9,095 | -€28,287 | |
| Income taxes | 67/77 | - | €412 | +€412 | |
| Profit (loss) for the period | 9904 | €19,192 | -€9,507 | -€28,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,192 | -€9,507 | -€28,699 |
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 5 October 2026 via checked.be.