SARGON: 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.
SARGON
Largest movements
- Receivables after one year -€362,746
down €362,746 (-100.0%), from €362,746 to €0
- Cash +€251,022
up €251,022 (+197530.4%), from €127 to €251,149
mainly Receivables after one year (+€362,746) and Receivables within one year (+€18,137)
- Receivables within one year -€18,137
down €18,137 (-98.4%), from €18,428 to €291
- Reserves -€108,000
down €108,000 (-88.9%), from €121,500 to €13,500
of which Distributable reserves: -€108,000
- Tax, wage and social debts -€14,561
down €14,561 (-81.8%), from €17,808 to €3,247
- Trade debts -€5,906
down €5,906 (-74.6%), from €7,914 to €2,009
- Gross operating margin -€32,108
down €32,108 (-44.0%), from -€73,012 to -€105,121
- Financial charges +€7,251
up €7,251 (+955.2%), from €759 to €8,010
- Financial income -€4,484
down €4,484 (-43.7%), from €10,266 to €5,781
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 | €382,091 | €252,061 | -€130,030 | -34.0% |
| Current assets | 29/58 | €382,091 | €252,061 | -€130,030 | -34.0% |
| Amounts receivable after more than one year | 29 | €362,746 | €0 | -€362,746 | -100.0% |
| Other amounts receivable | 291 | €362,746 | €0 | -€362,746 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,428 | €291 | -€18,137 | -98.4% |
| Other amounts receivable | 41 | €18,428 | €291 | -€18,137 | -98.4% |
| Cash at bank and in hand | 54/58 | €127 | €251,149 | +€251,022 | +197530.4% |
| Deferred charges and accrued income | 490/1 | €790 | €621 | -€169 | -21.4% |
| Total equity and liabilities | 10/49 | €382,091 | €252,061 | -€130,030 | -34.0% |
| Equity | 10/15 | €197,414 | €89,216 | -€108,197 | -54.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €121,500 | €13,500 | -€108,000 | -88.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €114,000 | €6,000 | -€108,000 | -94.7% |
| Profit (loss) carried forward | 14 | €914 | €716 | -€197 | -21.6% |
| Provisions and deferred taxes | 16 | €147,950 | €147,950 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €147,950 | €147,950 | = | 0.0% |
| Pensions and similar obligations | 160 | €147,950 | €147,950 | = | 0.0% |
| Amounts payable | 17/49 | €36,727 | €14,894 | -€21,833 | -59.4% |
| Amounts payable within one year | 42/48 | €36,727 | €14,894 | -€21,833 | -59.4% |
| Trade debts | 44 | €7,914 | €2,009 | -€5,906 | -74.6% |
| Suppliers | 440/4 | €7,914 | €2,009 | -€5,906 | -74.6% |
| Taxes, remuneration and social security | 45 | €17,808 | €3,247 | -€14,561 | -81.8% |
| Taxes | 450/3 | €17,808 | €3,247 | -€14,561 | -81.8% |
| Other amounts payable | 47/48 | €11,004 | €9,638 | -€1,366 | -12.4% |
| Other operating charges | 640/8 | €1,453 | €785 | -€667 | -45.9% |
| Gross operating margin | 9900 | -€73,012 | -€105,121 | -€32,108 | -44.0% |
| Operating profit (loss) | 9901 | -€74,465 | -€105,906 | -€31,441 | -42.2% |
| Financial income | 75/76B | €10,266 | €5,781 | -€4,484 | -43.7% |
| Recurring financial income | 75 | €10,266 | €5,781 | -€4,484 | -43.7% |
| Financial charges | 65/66B | €759 | €8,010 | +€7,251 | +955.2% |
| Recurring financial charges | 65 | €759 | €8,010 | +€7,251 | +955.2% |
| Profit (loss) for the period before taxes | 9903 | -€64,958 | -€108,135 | -€43,176 | -66.5% |
| Income taxes | 67/77 | €60 | €63 | +€3 | +4.5% |
| Profit (loss) for the period | 9904 | -€65,018 | -€108,197 | -€43,179 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,018 | -€108,197 | -€43,179 | -66.4% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.