Emmanuel Saporito: 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.
Emmanuel Saporito
Largest movements
- Cash +€56,565
up €56,565 (+53.8%), from €105,190 to €161,755
mainly Net result for the year (+€87,995) and Tax, wage and social debts (+€9,521)
- Receivables after one year +€25,000
new in 2025: €25,000
- Deferred charges and accrued income +€8,613
up €8,613 (+3,913%), from €220 to €8,833
- Tangible fixed assets -€5,714
down €5,714 (-20.5%), from €27,873 to €22,160
of which Furniture and vehicles: -€4,966
- Profit (loss) carried forward +€87,136
up €87,136 (+109%), from €80,301 to €167,437
- Current portion of long-term debt -€12,758
no longer reported in 2025 (was €12,758)
- Tax, wage and social debts +€9,521
up €9,521 (+26.1%), from €36,408 to €45,929
- Gross operating margin +€20,337
up €20,337 (+19.9%), from €102,376 to €122,714
- Taxes +€5,521
up €5,521 (+27.6%), from €19,982 to €25,502
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.
Derived cash bridge
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 | €133,283 | €217,823 | +€84,540 | +63.4% |
| Fixed assets | 21/28 | €27,873 | €22,160 | -€5,714 | -20.5% |
| Tangible fixed assets | 22/27 | €27,873 | €22,160 | -€5,714 | -20.5% |
| Furniture and vehicles | 24 | €24,696 | €19,730 | -€4,966 | -20.1% |
| Other tangible fixed assets | 26 | €3,177 | €2,429 | -€748 | -23.5% |
| Current assets | 29/58 | €105,410 | €195,664 | +€90,254 | +85.6% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Trade receivables | 290 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | - | €75 | +€75 | |
| Trade receivables | 40 | - | €75 | +€75 | |
| Cash at bank and in hand | 54/58 | €105,190 | €161,755 | +€56,565 | +53.8% |
| Deferred charges and accrued income | 490/1 | €220 | €8,833 | +€8,613 | +3,913% |
| Total equity and liabilities | 10/49 | €133,283 | €217,823 | +€84,540 | +63.4% |
| Equity | 10/15 | €82,801 | €169,937 | +€87,136 | +105% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,301 | €167,437 | +€87,136 | +109% |
| Amounts payable | 17/49 | €50,482 | €47,886 | -€2,597 | -5.1% |
| Amounts payable within one year | 42/48 | €50,482 | €47,886 | -€2,597 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €12,758 | - | -€12,758 | |
| Trade debts | 44 | €446 | €1,098 | +€652 | +146% |
| Suppliers | 440/4 | €446 | €1,098 | +€652 | +146% |
| Taxes, remuneration and social security | 45 | €36,408 | €45,929 | +€9,521 | +26.1% |
| Taxes | 450/3 | €36,408 | €45,929 | +€9,521 | +26.1% |
| Other amounts payable | 47/48 | €870 | €859 | -€11 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,635 | €7,498 | +€863 | +13.0% |
| Other operating charges | 640/8 | €583 | €1,404 | +€820 | +141% |
| Gross operating margin | 9900 | €102,376 | €122,714 | +€20,337 | +19.9% |
| Operating profit (loss) | 9901 | €95,158 | €113,812 | +€18,654 | +19.6% |
| Financial income | 75/76B | - | €916 | +€916 | |
| Recurring financial income | 75 | - | €916 | +€916 | |
| Financial charges | 65/66B | €912 | €1,230 | +€318 | +34.8% |
| Recurring financial charges | 65 | €912 | €1,230 | +€318 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €94,246 | €113,498 | +€19,252 | +20.4% |
| Income taxes | 67/77 | €19,982 | €25,502 | +€5,521 | +27.6% |
| Profit (loss) for the period | 9904 | €74,265 | €87,995 | +€13,731 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,265 | €87,995 | +€13,731 | +18.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.