SACOPHAR: 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.
SACOPHAR
Largest movements
- Cash +€114,714
up €114,714 (+135%), from €85,088 to €199,802
mainly Net result for the year (+€103,126) and Tax, wage and social debts (+€37,861)
- Receivables within one year +€14,124
up €14,124 (+111%), from €12,717 to €26,842
of which Trade receivables: +€11,081
- Current investments +€10,868
new in 2025: €10,868
- Reserves +€103,126
up €103,126 (+145%), from €71,008 to €174,135
- Tax, wage and social debts +€37,861
up €37,861 (+115%), from €32,931 to €70,792
of which Taxes: +€36,631
- Gross operating margin +€66,226
up €66,226 (+67.3%), from €98,464 to €164,689
- Taxes +€14,502
up €14,502 (+63.6%), from €22,811 to €37,312
- Staff costs +€10,713
up €10,713 (+105%), from €10,195 to €20,908
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 | €110,953 | €250,378 | +€139,425 | +126% |
| Fixed assets | 21/28 | €1,529 | €3,646 | +€2,117 | +138% |
| Tangible fixed assets | 22/27 | €1,529 | €3,646 | +€2,117 | +138% |
| Plant, machinery and equipment | 23 | €1,039 | €805 | -€234 | -22.5% |
| Furniture and vehicles | 24 | €490 | €2,841 | +€2,351 | +480% |
| Current assets | 29/58 | €109,425 | €246,733 | +€137,308 | +125% |
| Amounts receivable within one year | 40/41 | €12,717 | €26,842 | +€14,124 | +111% |
| Trade receivables | 40 | €12,717 | €23,798 | +€11,081 | +87.1% |
| Other amounts receivable | 41 | - | €3,043 | +€3,043 | |
| Current investments | 50/53 | - | €10,868 | +€10,868 | |
| Cash at bank and in hand | 54/58 | €85,088 | €199,802 | +€114,714 | +135% |
| Deferred charges and accrued income | 490/1 | €11,619 | €9,221 | -€2,398 | -20.6% |
| Total equity and liabilities | 10/49 | €110,953 | €250,378 | +€139,425 | +126% |
| Equity | 10/15 | €74,008 | €177,135 | +€103,126 | +139% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,008 | €174,135 | +€103,126 | +145% |
| Distributable reserves | 133 | €71,008 | €174,135 | +€103,126 | +145% |
| Amounts payable | 17/49 | €36,945 | €73,244 | +€36,298 | +98.2% |
| Amounts payable within one year | 42/48 | €36,945 | €73,244 | +€36,298 | +98.2% |
| Trade debts | 44 | €3,025 | €2,451 | -€574 | -19.0% |
| Suppliers | 440/4 | €3,025 | €2,451 | -€574 | -19.0% |
| Taxes, remuneration and social security | 45 | €32,931 | €70,792 | +€37,861 | +115% |
| Taxes | 450/3 | €31,782 | €68,413 | +€36,631 | +115% |
| Remuneration and social security | 454/9 | €1,149 | €2,379 | +€1,231 | +107% |
| Other amounts payable | 47/48 | €989 | €0 | -€989 | -100% |
| Remuneration, social security and pensions | 62 | €10,195 | €20,908 | +€10,713 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €628 | +€275 | +78.0% |
| Other operating charges | 640/8 | €663 | €605 | -€58 | -8.7% |
| Gross operating margin | 9900 | €98,464 | €164,689 | +€66,226 | +67.3% |
| Operating profit (loss) | 9901 | €87,253 | €142,548 | +€55,295 | +63.4% |
| Financial income | 75/76B | €11 | €56 | +€44 | +402% |
| Recurring financial income | 75 | €11 | €56 | +€44 | +402% |
| Financial charges | 65/66B | €2,040 | €2,165 | +€124 | +6.1% |
| Recurring financial charges | 65 | €2,040 | €2,165 | +€124 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €85,224 | €140,439 | +€55,215 | +64.8% |
| Income taxes | 67/77 | €22,811 | €37,312 | +€14,502 | +63.6% |
| Profit (loss) for the period | 9904 | €62,413 | €103,126 | +€40,713 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,413 | €103,126 | +€40,713 | +65.2% |
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 16 October 2026 via checked.be.