SAP.TRANS: 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.TRANS
Largest movements
- Tangible fixed assets -€24,127
down €24,127 (-99.4%), from €24,284 to €157
of which Leasing and similar rights: -€19,333
- Receivables within one year -€23,413
down €23,413 (-28.9%), from €80,961 to €57,549
of which Trade receivables: -€12,379
- Cash +€16,347
new in 2025: €16,347
mainly Investment in fixed assets (net) (+€25,198) and Receivables within one year (+€23,413)
- Financial fixed assets -€5,865
down €5,865 (-93.6%), from €6,267 to €402
- Trade debts -€35,870
down €35,870 (-36.4%), from €98,487 to €62,617
- Profit (loss) carried forward +€21,172
up €21,172 (+28.6%), from -€74,112 to -€52,940
- Tax, wage and social debts -€19,892
down €19,892 (-45.2%), from €43,962 to €24,069
of which Remuneration and social security: -€16,027
- Other debts +€13,586
new in 2025: €13,586
- Current portion of long-term debt -€11,930
down €11,930 (-100.0%), from €11,930 to €0
- Staff costs -€46,145
down €46,145, from €44,283 to -€1,862
- Gross operating margin -€18,597
down €18,597 (-32.3%), from €57,553 to €38,956
- Depreciation -€10,218
down €10,218 (-67.0%), from €15,247 to €5,028
- Financial charges -€9,355
down €9,355 (-55.3%), from €16,914 to €7,560
- Other operating charges -€8,247
down €8,247 (-92.3%), from €8,939 to €691
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 | €112,011 | €74,530 | -€37,481 | -33.5% |
| Formation expenses | 20 | €235 | €0 | -€235 | -100.0% |
| Fixed assets | 21/28 | €30,551 | €559 | -€29,992 | -98.2% |
| Tangible fixed assets | 22/27 | €24,284 | €157 | -€24,127 | -99.4% |
| Plant, machinery and equipment | 23 | €74 | €37 | -€37 | -50.0% |
| Furniture and vehicles | 24 | €4,624 | €120 | -€4,504 | -97.4% |
| Leasing and similar rights | 25 | €19,333 | €0 | -€19,333 | -100.0% |
| Other tangible fixed assets | 26 | €253 | €0 | -€253 | -100.0% |
| Financial fixed assets | 28 | €6,267 | €402 | -€5,865 | -93.6% |
| Current assets | 29/58 | €81,226 | €73,972 | -€7,254 | -8.9% |
| Amounts receivable within one year | 40/41 | €80,961 | €57,549 | -€23,413 | -28.9% |
| Trade receivables | 40 | €66,338 | €53,959 | -€12,379 | -18.7% |
| Other amounts receivable | 41 | €14,623 | €3,590 | -€11,033 | -75.5% |
| Cash at bank and in hand | 54/58 | - | €16,347 | +€16,347 | |
| Deferred charges and accrued income | 490/1 | €264 | €76 | -€188 | -71.2% |
| Total equity and liabilities | 10/49 | €112,011 | €74,530 | -€37,481 | -33.5% |
| Equity | 10/15 | -€54,237 | -€33,065 | +€21,172 | +39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,275 | €1,275 | = | 0.0% |
| Distributable reserves | 133 | €1,275 | €1,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,112 | -€52,940 | +€21,172 | +28.6% |
| Amounts payable | 17/49 | €166,248 | €107,595 | -€58,653 | -35.3% |
| Amounts payable after more than one year | 17 | €1,005 | €0 | -€1,005 | -100.0% |
| Financial debts | 170/4 | €1,005 | €0 | -€1,005 | -100.0% |
| Amounts payable within one year | 42/48 | €159,632 | €103,117 | -€56,515 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €11,930 | €0 | -€11,930 | -100.0% |
| Financial debts | 43 | €5,253 | €2,844 | -€2,409 | -45.9% |
| Credit institutions | 430/8 | €5,253 | €2,844 | -€2,409 | -45.9% |
| Trade debts | 44 | €98,487 | €62,617 | -€35,870 | -36.4% |
| Suppliers | 440/4 | €98,487 | €62,617 | -€35,870 | -36.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €43,962 | €24,069 | -€19,892 | -45.2% |
| Taxes | 450/3 | €24,415 | €20,550 | -€3,865 | -15.8% |
| Remuneration and social security | 454/9 | €19,547 | €3,519 | -€16,027 | -82.0% |
| Other amounts payable | 47/48 | - | €13,586 | +€13,586 | |
| Accrued charges and deferred income | 492/3 | €5,611 | €4,478 | -€1,133 | -20.2% |
| Non-recurring operating income | 76A | €20,246 | €6,173 | -€14,073 | -69.5% |
| Remuneration, social security and pensions | 62 | €44,283 | -€1,862 | -€46,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,247 | €5,028 | -€10,218 | -67.0% |
| Other operating charges | 640/8 | €8,939 | €691 | -€8,247 | -92.3% |
| Non-recurring operating charges | 66A | €3,090 | €2,857 | -€233 | -7.6% |
| Gross operating margin | 9900 | €57,553 | €38,956 | -€18,597 | -32.3% |
| Operating profit (loss) | 9901 | -€14,005 | €32,242 | +€46,247 | |
| Financial income | 75/76B | €445 | €5 | -€441 | -98.9% |
| Recurring financial income | 75 | €445 | €5 | -€441 | -98.9% |
| Financial charges | 65/66B | €16,914 | €7,560 | -€9,355 | -55.3% |
| Recurring financial charges | 65 | €16,914 | €7,560 | -€9,355 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,474 | €24,687 | +€55,161 | |
| Income taxes | 67/77 | €151 | €3,515 | +€3,364 | +2230.0% |
| Profit (loss) for the period | 9904 | -€30,624 | €21,172 | +€51,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,624 | €21,172 | +€51,797 |
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.