SAP HOOGSTADE: 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.
SAP HOOGSTADE
Largest movements
- Receivables within one year +€27,717
up €27,717 (+71.5%), from €38,766 to €66,483
of which Trade receivables: +€21,495
- Tangible fixed assets -€26,247
down €26,247 (-52.5%), from €49,949 to €23,702
- Cash -€11,836
down €11,836 (-43.9%), from €26,980 to €15,145
mainly Receivables within one year (-€27,717) and Other debts (-€16,857)
- Stocks and contracts -€5,641
down €5,641 (-7.7%), from €72,920 to €67,278
- Other debts -€16,857
down €16,857 (-38.0%), from €44,327 to €27,471
- Debts after one year +€9,000
up €9,000, from €0 to €9,000
- Trade debts -€4,613
down €4,613 (-24.1%), from €19,159 to €14,546
- Current portion of long-term debt -€2,596
down €2,596 (-100%), from €2,596 to €0
- Financial income +€4,870
up €4,870 (+23,134%), from €21 to €4,891
- Gross operating margin -€2,429
down €2,429 (-9.5%), from €25,671 to €23,242
- Other operating charges +€967
up €967 (+89.5%), from €1,080 to €2,047
- Staff costs +€773
new in 2025: €773
- Depreciation +€555
up €555 (+2.2%), from €25,692 to €26,247
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 | €196,011 | €181,260 | -€14,750 | -7.5% |
| Fixed assets | 21/28 | €50,284 | €24,037 | -€26,247 | -52.2% |
| Tangible fixed assets | 22/27 | €49,949 | €23,702 | -€26,247 | -52.5% |
| Furniture and vehicles | 24 | €49,949 | €23,702 | -€26,247 | -52.5% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €145,726 | €157,223 | +€11,497 | +7.9% |
| Stocks and contracts in progress | 3 | €72,920 | €67,278 | -€5,641 | -7.7% |
| Stocks | 30/36 | €72,920 | €67,278 | -€5,641 | -7.7% |
| Amounts receivable within one year | 40/41 | €38,766 | €66,483 | +€27,717 | +71.5% |
| Trade receivables | 40 | €38,766 | €60,261 | +€21,495 | +55.4% |
| Other amounts receivable | 41 | €0 | €6,222 | +€6,222 | |
| Cash at bank and in hand | 54/58 | €26,980 | €15,145 | -€11,836 | -43.9% |
| Deferred charges and accrued income | 490/1 | €7,060 | €8,318 | +€1,257 | +17.8% |
| Total equity and liabilities | 10/49 | €196,011 | €181,260 | -€14,750 | -7.5% |
| Equity | 10/15 | €129,010 | €127,443 | -€1,567 | -1.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,490 | -€10,057 | -€1,567 | -18.5% |
| Amounts payable | 17/49 | €67,000 | €53,817 | -€13,183 | -19.7% |
| Amounts payable after more than one year | 17 | €0 | €9,000 | +€9,000 | |
| Financial debts | 170/4 | €0 | €9,000 | +€9,000 | |
| Amounts payable within one year | 42/48 | €67,000 | €44,817 | -€22,183 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €2,596 | €0 | -€2,596 | -100% |
| Trade debts | 44 | €19,159 | €14,546 | -€4,613 | -24.1% |
| Suppliers | 440/4 | €19,159 | €14,546 | -€4,613 | -24.1% |
| Taxes, remuneration and social security | 45 | €918 | €2,800 | +€1,882 | +205% |
| Taxes | 450/3 | €918 | €2,800 | +€1,882 | +205% |
| Other amounts payable | 47/48 | €44,327 | €27,471 | -€16,857 | -38.0% |
| Remuneration, social security and pensions | 62 | - | €773 | +€773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,692 | €26,247 | +€555 | +2.2% |
| Other operating charges | 640/8 | €1,080 | €2,047 | +€967 | +89.5% |
| Gross operating margin | 9900 | €25,671 | €23,242 | -€2,429 | -9.5% |
| Operating profit (loss) | 9901 | -€1,102 | -€5,825 | -€4,724 | -429% |
| Financial income | 75/76B | €21 | €4,891 | +€4,870 | +23,134% |
| Recurring financial income | 75 | €21 | €4,891 | +€4,870 | +23,134% |
| Financial charges | 65/66B | €909 | €632 | -€277 | -30.4% |
| Recurring financial charges | 65 | €909 | €309 | -€600 | -66.0% |
| Non-recurring financial charges | 66B | - | €323 | +€323 | |
| Profit (loss) for the period before taxes | 9903 | -€1,989 | -€1,567 | +€423 | +21.2% |
| Profit (loss) for the period | 9904 | -€1,989 | -€1,567 | +€423 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,989 | -€1,567 | +€423 | +21.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.