SAPASVER'T: what changed
What changed
SAPASVER'T
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
-€8,611
2024 · €15,018-€23,629
Equity
€269,803
2024 · €278,414-€8,611
Cash
€55,664
2024 · €62,577-€6,913
Balance sheet total
€404,206
2024 · €433,613-€29,407
Largest movements
Assets
- Tangible fixed assets -€9,286
down €9,286 (-5.6%), from €164,357 to €155,071
of which Leasing and similar rights: -€48,071
- Cash -€6,913
down €6,913 (-11.0%), from €62,577 to €55,664
mainly Net result for the year (-€8,611) and Other debts (-€8,433)
- Stocks and contracts -€6,345
down €6,345 (-4.5%), from €140,500 to €134,155
Equity and liabilities
- Profit (loss) carried forward -€8,611
down €8,611 (-4.5%), from €190,354 to €181,743
- Other debts -€8,433
down €8,433 (-19.0%), from €44,333 to €35,900
- Current portion of long-term debt -€6,757
down €6,757 (-38.7%), from €17,439 to €10,681
Income statement
- Gross operating margin -€32,543
down €32,543 (-36.1%), from €90,087 to €57,544
- Financial charges +€18,422
up €18,422 (+731%), from €2,519 to €20,941
of which Non-recurring financial charges: +€18,110
- Financial income +€8,403
up €8,403 (+4,268%), from €197 to €8,600
of which Non-recurring financial income: +€8,263
- Write-downs -€8,190
no longer reported in 2025 (was €8,190)
- Staff costs -€6,524
down €6,524 (-16.1%), from €40,426 to €33,902
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,018
Gross operating margin
-€32,543
Staff costs
+€6,524
Depreciation
+€2,606
Write-downs
+€8,190
Other operating charges
-€1,014
Other operating items
-€299
Financial income
+€8,403
Financial charges
-€18,422
Taxes
+€2,926
Result 2025
-€8,611
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,531
Investment
-€6,994
Financing
-€4,450
Cash 2024
€62,577
From operations (derived)
+€4,531
Net result for the year
-€8,611
Depreciation
+€16,280
Stocks and contracts
+€6,345
Receivables within one year
+€4,335
Deferred charges and accrued income
+€2,528
Trade debts
-€3,933
Tax, wage and social debts
-€4,198
Other debts
-€8,433
Accrued charges and deferred income
+€217
Investment (derived)
-€6,994
Investment in fixed assets (net)
-€6,994
Financing
-€4,450
Debts after one year
+€2,308
Current portion of long-term debt
-€6,757
Cash 2025
€55,664
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,613 | €404,206 | -€29,407 | -6.8% |
| Fixed assets | 21/28 | €165,082 | €155,796 | -€9,286 | -5.6% |
| Tangible fixed assets | 22/27 | €164,357 | €155,071 | -€9,286 | -5.6% |
| Land and buildings | 22 | €61,727 | €61,727 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,129 | €10,589 | -€1,539 | -12.7% |
| Furniture and vehicles | 24 | €42,431 | €82,755 | +€40,324 | +95.0% |
| Leasing and similar rights | 25 | €48,071 | - | -€48,071 | |
| Financial fixed assets | 28 | €725 | €725 | = | 0.0% |
| Current assets | 29/58 | €268,531 | €248,410 | -€20,121 | -7.5% |
| Stocks and contracts in progress | 3 | €140,500 | €134,155 | -€6,345 | -4.5% |
| Stocks | 30/36 | €140,500 | €134,155 | -€6,345 | -4.5% |
| Amounts receivable within one year | 40/41 | €59,213 | €54,878 | -€4,335 | -7.3% |
| Trade receivables | 40 | €52,805 | €52,704 | -€101 | -0.2% |
| Other amounts receivable | 41 | €6,408 | €2,175 | -€4,233 | -66.1% |
| Cash at bank and in hand | 54/58 | €62,577 | €55,664 | -€6,913 | -11.0% |
| Deferred charges and accrued income | 490/1 | €6,241 | €3,713 | -€2,528 | -40.5% |
| Total equity and liabilities | 10/49 | €433,613 | €404,206 | -€29,407 | -6.8% |
| Equity | 10/15 | €278,414 | €269,803 | -€8,611 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,860 | €81,860 | = | 0.0% |
| Distributable reserves | 133 | €81,860 | €81,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,354 | €181,743 | -€8,611 | -4.5% |
| Amounts payable | 17/49 | €155,199 | €134,403 | -€20,796 | -13.4% |
| Amounts payable after more than one year | 17 | €67,083 | €69,390 | +€2,308 | +3.4% |
| Financial debts | 170/4 | €67,083 | €69,390 | +€2,308 | +3.4% |
| Amounts payable within one year | 42/48 | €87,226 | €63,905 | -€23,321 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €17,439 | €10,681 | -€6,757 | -38.7% |
| Trade debts | 44 | €20,253 | €16,320 | -€3,933 | -19.4% |
| Suppliers | 440/4 | €20,253 | €16,320 | -€3,933 | -19.4% |
| Taxes, remuneration and social security | 45 | €5,201 | €1,003 | -€4,198 | -80.7% |
| Taxes | 450/3 | €3,732 | - | -€3,732 | |
| Remuneration and social security | 454/9 | €1,469 | €1,003 | -€466 | -31.7% |
| Other amounts payable | 47/48 | €44,333 | €35,900 | -€8,433 | -19.0% |
| Accrued charges and deferred income | 492/3 | €891 | €1,107 | +€217 | +24.4% |
| Non-recurring operating income | 76A | €4,723 | €94 | -€4,629 | -98.0% |
| Remuneration, social security and pensions | 62 | €40,426 | €33,902 | -€6,524 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,886 | €16,280 | -€2,606 | -13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,190 | - | -€8,190 | |
| Other operating charges | 640/8 | €1,971 | €2,985 | +€1,014 | +51.4% |
| Non-recurring operating charges | 66A | €100 | €399 | +€299 | +299% |
| Gross operating margin | 9900 | €90,087 | €57,544 | -€32,543 | -36.1% |
| Operating profit (loss) | 9901 | €20,514 | €3,979 | -€16,535 | -80.6% |
| Financial income | 75/76B | €197 | €8,600 | +€8,403 | +4,268% |
| Recurring financial income | 75 | €197 | €337 | +€140 | +71.0% |
| Non-recurring financial income | 76B | - | €8,263 | +€8,263 | |
| Financial charges | 65/66B | €2,519 | €20,941 | +€18,422 | +731% |
| Recurring financial charges | 65 | €2,239 | €2,552 | +€312 | +13.9% |
| Non-recurring financial charges | 66B | €279 | €18,389 | +€18,110 | +6,489% |
| Profit (loss) for the period before taxes | 9903 | €18,192 | -€8,363 | -€26,555 | |
| Income taxes | 67/77 | €3,174 | €248 | -€2,926 | -92.2% |
| Profit (loss) for the period | 9904 | €15,018 | -€8,611 | -€23,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,018 | -€8,611 | -€23,629 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.