SAP FORMATION: 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.
SAP FORMATION
Largest movements
- Cash +€28,059
up €28,059 (+179.7%), from €15,615 to €43,675
mainly Other debts (+€14,519) and Net result for the year (+€10,423)
- Receivables within one year -€8,262
down €8,262 (-48.6%), from €16,993 to €8,731
of which Trade receivables: -€8,258
- Tangible fixed assets +€6,357
up €6,357 (+848.2%), from €750 to €7,107
- Other debts +€14,519
up €14,519 (+184.0%), from €7,889 to €22,408
- Profit (loss) carried forward +€10,423
up €10,423 (+68.2%), from €15,283 to €25,706
- Tax, wage and social debts +€1,559
up €1,559 (+20.2%), from €7,729 to €9,288
- Depreciation +€3,226
up €3,226 (+773.3%), from €417 to €3,643
- Gross operating margin -€2,969
down €2,969 (-14.7%), from €20,244 to €17,274
- Taxes -€1,220
down €1,220 (-31.7%), from €3,846 to €2,626
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 | €33,358 | €59,513 | +€26,155 | +78.4% |
| Fixed assets | 21/28 | €750 | €7,107 | +€6,357 | +848.2% |
| Tangible fixed assets | 22/27 | €750 | €7,107 | +€6,357 | +848.2% |
| Furniture and vehicles | 24 | €750 | €7,107 | +€6,357 | +848.2% |
| Current assets | 29/58 | €32,609 | €52,406 | +€19,798 | +60.7% |
| Amounts receivable within one year | 40/41 | €16,993 | €8,731 | -€8,262 | -48.6% |
| Trade receivables | 40 | €16,990 | €8,731 | -€8,258 | -48.6% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €15,615 | €43,675 | +€28,059 | +179.7% |
| Total equity and liabilities | 10/49 | €33,358 | €59,513 | +€26,155 | +78.4% |
| Equity | 10/15 | €17,283 | €27,706 | +€10,423 | +60.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,283 | €25,706 | +€10,423 | +68.2% |
| Amounts payable | 17/49 | €16,075 | €31,807 | +€15,732 | +97.9% |
| Amounts payable within one year | 42/48 | €15,795 | €31,807 | +€16,012 | +101.4% |
| Trade debts | 44 | €178 | €111 | -€67 | -37.7% |
| Suppliers | 440/4 | €178 | €111 | -€67 | -37.7% |
| Taxes, remuneration and social security | 45 | €7,729 | €9,288 | +€1,559 | +20.2% |
| Taxes | 450/3 | €7,729 | €9,288 | +€1,559 | +20.2% |
| Other amounts payable | 47/48 | €7,889 | €22,408 | +€14,519 | +184.0% |
| Accrued charges and deferred income | 492/3 | €280 | - | -€280 | |
| Remuneration, social security and pensions | 62 | €67 | - | -€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €3,643 | +€3,226 | +773.3% |
| Other operating charges | 640/8 | €602 | €517 | -€85 | -14.2% |
| Gross operating margin | 9900 | €20,244 | €17,274 | -€2,969 | -14.7% |
| Operating profit (loss) | 9901 | €19,157 | €13,115 | -€6,042 | -31.5% |
| Financial charges | 65/66B | €29 | €65 | +€37 | +127.2% |
| Recurring financial charges | 65 | €29 | €65 | +€37 | +127.2% |
| Profit (loss) for the period before taxes | 9903 | €19,128 | €13,049 | -€6,079 | -31.8% |
| Income taxes | 67/77 | €3,846 | €2,626 | -€1,220 | -31.7% |
| Profit (loss) for the period | 9904 | €15,283 | €10,423 | -€4,859 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,283 | €10,423 | -€4,859 | -31.8% |
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 5 October 2026 via checked.be.