SARGON 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.
SARGON MANAGEMENT
Largest movements
- Tangible fixed assets +€1.3m
new in 2025: €1.3m
of which Assets under construction and advance payments: +€951,931
- Financial fixed assets +€310,000
new in 2025: €310,000
- Receivables within one year +€163,724
new in 2025: €163,724
of which Trade receivables: +€150,000
- Cash +€51,024
up €51,024 (+36.4%), from €140,072 to €191,095
mainly Debts after one year (+€1.1m) and Other debts (+€375,928)
- Debts after one year +€1.1m
new in 2025: €1.1m
- Other debts +€375,928
up €375,928 (+251020.1%), from €150 to €376,077
- Profit (loss) carried forward +€183,519
up €183,519 (+183.5%), from €100,025 to €283,543
- Trade debts +€120,723
up €120,723 (+46839.2%), from €258 to €120,981
- Current portion of long-term debt +€47,793
new in 2025: €47,793
- Gross operating margin +€173,111
up €173,111 (+135.7%), from €127,531 to €300,642
- Depreciation +€45,313
new in 2025: €45,313
- Taxes +€27,408
up €27,408 (+101.9%), from €26,890 to €54,298
- Financial charges +€16,658
up €16,658 (+43976.2%), from €38 to €16,696
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 | €140,072 | €1,979,336 | +€1.8m | +1313.1% |
| Fixed assets | 21/28 | - | €1,624,431 | +€1.6m | |
| Tangible fixed assets | 22/27 | - | €1,314,431 | +€1.3m | |
| Land and buildings | 22 | - | €362,500 | +€362,500 | |
| Assets under construction and advance payments | 27 | - | €951,931 | +€951,931 | |
| Financial fixed assets | 28 | - | €310,000 | +€310,000 | |
| Current assets | 29/58 | €140,072 | €354,905 | +€214,833 | +153.4% |
| Amounts receivable within one year | 40/41 | - | €163,724 | +€163,724 | |
| Trade receivables | 40 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 41 | - | €13,724 | +€13,724 | |
| Cash at bank and in hand | 54/58 | €140,072 | €191,095 | +€51,024 | +36.4% |
| Deferred charges and accrued income | 490/1 | - | €85 | +€85 | |
| Total equity and liabilities | 10/49 | €140,072 | €1,979,336 | +€1.8m | +1313.1% |
| Equity | 10/15 | €102,525 | €286,043 | +€183,519 | +179.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,025 | €283,543 | +€183,519 | +183.5% |
| Amounts payable | 17/49 | €37,547 | €1,693,292 | +€1.7m | +4409.8% |
| Amounts payable after more than one year | 17 | - | €1,137,830 | +€1.1m | |
| Financial debts | 170/4 | - | €1,137,830 | +€1.1m | |
| Amounts payable within one year | 42/48 | €37,547 | €552,310 | +€514,763 | +1371.0% |
| Current portion of amounts payable after more than one year | 42 | - | €47,793 | +€47,793 | |
| Trade debts | 44 | €258 | €120,981 | +€120,723 | +46839.2% |
| Suppliers | 440/4 | €258 | €120,981 | +€120,723 | +46839.2% |
| Taxes, remuneration and social security | 45 | €37,140 | €7,459 | -€29,681 | -79.9% |
| Taxes | 450/3 | €37,140 | €7,459 | -€29,681 | -79.9% |
| Other amounts payable | 47/48 | €150 | €376,077 | +€375,928 | +251020.1% |
| Accrued charges and deferred income | 492/3 | - | €3,152 | +€3,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €45,313 | +€45,313 | |
| Other operating charges | 640/8 | €578 | €817 | +€239 | +41.3% |
| Gross operating margin | 9900 | €127,531 | €300,642 | +€173,111 | +135.7% |
| Operating profit (loss) | 9901 | €126,953 | €254,512 | +€127,560 | +100.5% |
| Financial charges | 65/66B | €38 | €16,696 | +€16,658 | +43976.2% |
| Recurring financial charges | 65 | €38 | €16,696 | +€16,658 | +43976.2% |
| Profit (loss) for the period before taxes | 9903 | €126,915 | €237,816 | +€110,901 | +87.4% |
| Income taxes | 67/77 | €26,890 | €54,298 | +€27,408 | +101.9% |
| Profit (loss) for the period | 9904 | €100,025 | €183,519 | +€83,494 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,025 | €183,519 | +€83,494 | +83.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.