Siegfried Van Sas & Co: what changed
What changed
Siegfried Van Sas & Co
NACE 74.991, Agents and managers of artists, athletes and other public figures
filed annual accounts (NBB)
Net result for the year
€48,828
2024 · -€126,873+€175,701
Equity
€64,506
2024 · €15,678+€48,828
Cash
-
not filed
Balance sheet total
€278,673
2024 · €286,448-€7,775
Largest movements
Assets
- Tangible fixed assets -€29,438
down €29,438 (-14.0%), from €210,625 to €181,188
of which Leasing and similar rights: -€16,153
- Receivables within one year +€23,561
up €23,561 (+32.6%), from €72,374 to €95,935
of which Other amounts receivable: +€12,485
Equity and liabilities
- Profit (loss) carried forward +€48,828
up €48,828 (+42.1%), from -€115,922 to -€67,094
- Other debts -€44,283
no longer reported in 2025 (was €44,283)
- Current portion of long-term debt -€19,274
down €19,274 (-89.9%), from €21,449 to €2,175
- Trade debts +€14,109
up €14,109 (+26.5%), from €53,183 to €67,292
- Debts after one year -€6,272
down €6,272 (-6.5%), from €96,064 to €89,792
Income statement
- Gross operating margin +€176,464
up €176,464, from -€84,403 to €92,061
- Financial charges +€2,013
up €2,013 (+31.9%), from €6,318 to €8,331
- Depreciation -€1,430
down €1,430 (-4.3%), from €33,107 to €31,678
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.
Result 2024
-€126,873
Gross operating margin
+€176,464
Staff costs
-€912
Depreciation
+€1,430
Other operating charges
+€895
Financial income
-€163
Financial charges
-€2,013
Result 2025
€48,828
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,448 | €278,673 | -€7,775 | -2.7% |
| Fixed assets | 21/28 | €210,625 | €181,188 | -€29,438 | -14.0% |
| Tangible fixed assets | 22/27 | €210,625 | €181,188 | -€29,438 | -14.0% |
| Land and buildings | 22 | €193,406 | €179,549 | -€13,857 | -7.2% |
| Plant, machinery and equipment | 23 | €1,066 | - | -€1,066 | |
| Furniture and vehicles | 24 | - | €1,639 | +€1,639 | |
| Leasing and similar rights | 25 | €16,153 | - | -€16,153 | |
| Current assets | 29/58 | €75,823 | €97,486 | +€21,663 | +28.6% |
| Amounts receivable after more than one year | 29 | €208 | - | -€208 | |
| Other amounts receivable | 291 | €208 | - | -€208 | |
| Amounts receivable within one year | 40/41 | €72,374 | €95,935 | +€23,561 | +32.6% |
| Trade receivables | 40 | €60,751 | €71,827 | +€11,076 | +18.2% |
| Other amounts receivable | 41 | €11,623 | €24,108 | +€12,485 | +107% |
| Deferred charges and accrued income | 490/1 | €3,240 | €1,550 | -€1,690 | -52.2% |
| Total equity and liabilities | 10/49 | €286,448 | €278,673 | -€7,775 | -2.7% |
| Equity | 10/15 | €15,678 | €64,506 | +€48,828 | +311% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125,400 | €125,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €118,400 | €118,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,922 | -€67,094 | +€48,828 | +42.1% |
| Amounts payable | 17/49 | €270,770 | €214,167 | -€56,603 | -20.9% |
| Amounts payable after more than one year | 17 | €96,064 | €89,792 | -€6,272 | -6.5% |
| Financial debts | 170/4 | €96,064 | €89,792 | -€6,272 | -6.5% |
| Amounts payable within one year | 42/48 | €174,706 | €124,375 | -€50,331 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €21,449 | €2,175 | -€19,274 | -89.9% |
| Financial debts | 43 | €53,729 | €54,560 | +€832 | +1.5% |
| Credit institutions | 430/8 | €53,729 | €54,560 | +€832 | +1.5% |
| Trade debts | 44 | €53,183 | €67,292 | +€14,109 | +26.5% |
| Suppliers | 440/4 | €53,183 | €67,292 | +€14,109 | +26.5% |
| Advances received on contracts in progress | 46 | €1,926 | - | -€1,926 | |
| Taxes, remuneration and social security | 45 | €137 | €348 | +€211 | +154% |
| Taxes | 450/3 | €137 | €137 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €211 | +€211 | |
| Other amounts payable | 47/48 | €44,283 | - | -€44,283 | |
| Non-recurring operating income | 76A | - | €38,685 | +€38,685 | |
| Remuneration, social security and pensions | 62 | €1,527 | €2,439 | +€912 | +59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,107 | €31,678 | -€1,430 | -4.3% |
| Other operating charges | 640/8 | €3,212 | €2,317 | -€895 | -27.9% |
| Gross operating margin | 9900 | -€84,403 | €92,061 | +€176,464 | |
| Operating profit (loss) | 9901 | -€122,249 | €55,628 | +€177,877 | |
| Financial income | 75/76B | €1,830 | €1,667 | -€163 | -8.9% |
| Recurring financial income | 75 | €1,830 | €1,667 | -€163 | -8.9% |
| Financial charges | 65/66B | €6,318 | €8,331 | +€2,013 | +31.9% |
| Recurring financial charges | 65 | €6,318 | €8,331 | +€2,013 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | -€126,737 | €48,964 | +€175,701 | |
| Income taxes | 67/77 | €137 | €137 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€126,873 | €48,828 | +€175,701 | |
| Profit (loss) for the period to be appropriated | 9905 | -€126,873 | €48,828 | +€175,701 |
Next steps
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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 5 November 2026 via checked.be.