SADIPIN: what changed
Two fiscal 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.
SADIPIN
Largest movements
- Cash -€2,066
down €2,066 (-56.8%), from €3,638 to €1,572
mainly Other debts (-€2,376) and Trade debts (-€396)
- Receivables within one year -€297
down €297 (-20.6%), from €1,443 to €1,145
of which Other amounts receivable: -€1,102
- Formation expenses -€167
no longer reported in 2025 (was €167)
- Other debts -€2,376
down €2,376 (-8.4%), from €28,217 to €25,840
- Trade debts -€396
down €396 (-98.5%), from €402 to €6
- Profit (loss) carried forward +€127
up €127 (+0.2%), from -€60,508 to -€60,382
- Tax, wage and social debts +€117
new in 2025: €117
- Gross operating margin -€27,204
down €27,204 (-96.4%), from €28,216 to €1,013
- Taxes -€5,752
down €5,752 (-98.1%), from €5,865 to €113
- Staff costs -€4,335
no longer reported in 2025 (was €4,335)
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 | €5,310 | €2,782 | -€2,528 | -47.6% |
| Formation expenses | 20 | €167 | - | -€167 | |
| Current assets | 29/58 | €5,143 | €2,782 | -€2,361 | -45.9% |
| Amounts receivable within one year | 40/41 | €1,443 | €1,145 | -€297 | -20.6% |
| Trade receivables | 40 | €254 | €1,059 | +€805 | +316.7% |
| Other amounts receivable | 41 | €1,189 | €87 | -€1,102 | -92.7% |
| Cash at bank and in hand | 54/58 | €3,638 | €1,572 | -€2,066 | -56.8% |
| Deferred charges and accrued income | 490/1 | €63 | €65 | +€2 | +3.0% |
| Total equity and liabilities | 10/49 | €5,310 | €2,782 | -€2,528 | -47.6% |
| Equity | 10/15 | -€23,308 | -€23,182 | +€127 | +0.5% |
| Contributions | 10/11 | €19,336 | €19,336 | = | 0.0% |
| Reserves | 13 | €17,864 | €17,864 | = | 0.0% |
| Distributable reserves | 133 | €17,864 | €17,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,508 | -€60,382 | +€127 | +0.2% |
| Amounts payable | 17/49 | €28,619 | €25,964 | -€2,655 | -9.3% |
| Amounts payable within one year | 42/48 | €28,619 | €25,964 | -€2,655 | -9.3% |
| Trade debts | 44 | €402 | €6 | -€396 | -98.5% |
| Suppliers | 440/4 | €402 | €6 | -€396 | -98.5% |
| Taxes, remuneration and social security | 45 | - | €117 | +€117 | |
| Taxes | 450/3 | - | €117 | +€117 | |
| Other amounts payable | 47/48 | €28,217 | €25,840 | -€2,376 | -8.4% |
| Non-recurring operating income | 76A | €40 | - | -€40 | |
| Remuneration, social security and pensions | 62 | €4,335 | - | -€4,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €167 | -€220 | -56.8% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €28,216 | €1,013 | -€27,204 | -96.4% |
| Operating profit (loss) | 9901 | €22,981 | €318 | -€22,663 | -98.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €72 | €78 | +€6 | +8.3% |
| Recurring financial charges | 65 | €72 | €78 | +€6 | +8.3% |
| Non-recurring financial charges | 66B | €72 | €78 | +€6 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €22,909 | €240 | -€22,669 | -99.0% |
| Income taxes | 67/77 | €5,865 | €113 | -€5,752 | -98.1% |
| Profit (loss) for the period | 9904 | €17,044 | €127 | -€16,918 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,044 | €127 | -€16,918 | -99.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.