SAP PROJECTS: 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 PROJECTS
Largest movements
- Current investments +€95,593
new in 2025: €95,593
- Cash -€46,862
down €46,862 (-83.4%), from €56,167 to €9,305
mainly Current investments (-€95,593) and Investment in fixed assets (net) (-€2,774)
- Tangible fixed assets +€1,849
new in 2025: €1,849
- Reserves +€49,019
up €49,019 (+111.8%), from €43,850 to €92,869
- Tax, wage and social debts +€3,480
up €3,480 (+24.5%), from €14,222 to €17,702
- Gross operating margin +€5,671
up €5,671 (+10.2%), from €55,787 to €61,458
- Depreciation +€925
new in 2025: €925
- Financial income +€898
up €898 (+8982800.0%), from €0 to €898
- Taxes +€812
up €812 (+7.0%), from €11,551 to €12,364
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 | €66,888 | €118,466 | +€51,578 | +77.1% |
| Fixed assets | 21/28 | - | €1,849 | +€1,849 | |
| Tangible fixed assets | 22/27 | - | €1,849 | +€1,849 | |
| Furniture and vehicles | 24 | - | €1,849 | +€1,849 | |
| Current assets | 29/58 | €66,888 | €116,617 | +€49,729 | +74.3% |
| Amounts receivable within one year | 40/41 | €10,721 | €10,932 | +€211 | +2.0% |
| Trade receivables | 40 | €10,721 | €10,932 | +€211 | +2.0% |
| Current investments | 50/53 | - | €95,593 | +€95,593 | |
| Cash at bank and in hand | 54/58 | €56,167 | €9,305 | -€46,862 | -83.4% |
| Deferred charges and accrued income | 490/1 | - | €787 | +€787 | |
| Total equity and liabilities | 10/49 | €66,888 | €118,466 | +€51,578 | +77.1% |
| Equity | 10/15 | €46,350 | €95,369 | +€49,019 | +105.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €43,850 | €92,869 | +€49,019 | +111.8% |
| Distributable reserves | 133 | €43,850 | €92,869 | +€49,019 | +111.8% |
| Amounts payable | 17/49 | €20,538 | €23,097 | +€2,559 | +12.5% |
| Amounts payable within one year | 42/48 | €20,538 | €23,097 | +€2,559 | +12.5% |
| Trade debts | 44 | €404 | €159 | -€245 | -60.7% |
| Suppliers | 440/4 | €404 | €159 | -€245 | -60.7% |
| Taxes, remuneration and social security | 45 | €14,222 | €17,702 | +€3,480 | +24.5% |
| Taxes | 450/3 | €14,222 | €17,702 | +€3,480 | +24.5% |
| Other amounts payable | 47/48 | €5,912 | €5,237 | -€676 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €925 | +€925 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | +€0 | |
| Other operating charges | 640/8 | €384 | €7 | -€377 | -98.2% |
| Gross operating margin | 9900 | €55,787 | €61,458 | +€5,671 | +10.2% |
| Operating profit (loss) | 9901 | €55,403 | €60,526 | +€5,124 | +9.2% |
| Financial income | 75/76B | €0 | €898 | +€898 | +8982800.0% |
| Recurring financial income | 75 | €0 | €898 | +€898 | +8982800.0% |
| Financial charges | 65/66B | €2 | €42 | +€40 | +2688.7% |
| Recurring financial charges | 65 | €2 | €42 | +€40 | +2688.7% |
| Profit (loss) for the period before taxes | 9903 | €55,401 | €61,383 | +€5,982 | +10.8% |
| Income taxes | 67/77 | €11,551 | €12,364 | +€812 | +7.0% |
| Profit (loss) for the period | 9904 | €43,850 | €49,019 | +€5,169 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,850 | €49,019 | +€5,169 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.