Sarguwil Rad: what changed
Sarguwil Rad
Largest movements
- Tangible fixed assets -€40,653
down €40,653 (-4.9%), from €830,318 to €789,665
of which Other tangible fixed assets: -€31,042
- Cash -€39,658
down €39,658 (-23.3%), from €170,538 to €130,880
mainly Contributions, distributions and other (-€254,000) and Debts after one year (-€54,381)
- Deferred charges and accrued income -€25,111
down €25,111 (-15.8%), from €158,579 to €133,467
- Debts after one year -€54,381
down €54,381 (-11.7%), from €465,803 to €411,422
- Tax, wage and social debts -€33,741
down €33,741 (-45.6%), from €73,941 to €40,200
- Current portion of long-term debt -€17,279
down €17,279 (-24.1%), from €71,659 to €54,381
- Other debts +€15,136
up €15,136 (+4.0%), from €375,969 to €391,105
- Gross operating margin -€42,682
down €42,682 (-9.7%), from €439,419 to €396,738
- Depreciation -€31,597
down €31,597 (-40.1%), from €78,850 to €47,253
- Financial charges -€10,810
down €10,810 (-67.8%), from €15,942 to €5,133
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,159,679 | €1,058,257 | -€101,422 | -8.7% |
| Fixed assets | 21/28 | €830,563 | €789,910 | -€40,653 | -4.9% |
| Tangible fixed assets | 22/27 | €830,318 | €789,665 | -€40,653 | -4.9% |
| Furniture and vehicles | 24 | €67,365 | €57,754 | -€9,612 | -14.3% |
| Other tangible fixed assets | 26 | €762,953 | €731,911 | -€31,042 | -4.1% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €329,116 | €268,347 | -€60,769 | -18.5% |
| Amounts receivable within one year | 40/41 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €170,538 | €130,880 | -€39,658 | -23.3% |
| Deferred charges and accrued income | 490/1 | €158,579 | €133,467 | -€25,111 | -15.8% |
| Total equity and liabilities | 10/49 | €1,159,679 | €1,058,257 | -€101,422 | -8.7% |
| Equity | 10/15 | €150,451 | €150,943 | +€492 | +0.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351 | €843 | +€492 | +140% |
| Amounts payable | 17/49 | €1,009,228 | €907,315 | -€101,914 | -10.1% |
| Amounts payable after more than one year | 17 | €465,803 | €411,422 | -€54,381 | -11.7% |
| Financial debts | 170/4 | €465,803 | €411,422 | -€54,381 | -11.7% |
| Amounts payable within one year | 42/48 | €533,146 | €495,893 | -€37,253 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €71,659 | €54,381 | -€17,279 | -24.1% |
| Trade debts | 44 | €11,576 | €10,207 | -€1,370 | -11.8% |
| Suppliers | 440/4 | €11,576 | €10,207 | -€1,370 | -11.8% |
| Taxes, remuneration and social security | 45 | €73,941 | €40,200 | -€33,741 | -45.6% |
| Taxes | 450/3 | €73,941 | €40,200 | -€33,741 | -45.6% |
| Other amounts payable | 47/48 | €375,969 | €391,105 | +€15,136 | +4.0% |
| Accrued charges and deferred income | 492/3 | €10,280 | - | -€10,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,850 | €47,253 | -€31,597 | -40.1% |
| Other operating charges | 640/8 | €8,898 | €8,452 | -€446 | -5.0% |
| Gross operating margin | 9900 | €439,419 | €396,738 | -€42,682 | -9.7% |
| Operating profit (loss) | 9901 | €351,671 | €341,032 | -€10,639 | -3.0% |
| Financial income | 75/76B | €4,519 | €800 | -€3,719 | -82.3% |
| Recurring financial income | 75 | €4,519 | €800 | -€3,719 | -82.3% |
| Financial charges | 65/66B | €15,942 | €5,133 | -€10,810 | -67.8% |
| Recurring financial charges | 65 | €15,942 | €5,133 | -€10,810 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €340,248 | €336,700 | -€3,548 | -1.0% |
| Income taxes | 67/77 | €81,897 | €82,208 | +€312 | +0.4% |
| Profit (loss) for the period | 9904 | €258,351 | €254,492 | -€3,860 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €258,351 | €254,492 | -€3,860 | -1.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.