SAPCOM: 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.
SAPCOM
Largest movements
- Current investments +€45,148
up €45,148 (+84.4%), from €53,482 to €98,631
- Profit (loss) carried forward +€47,162
up €47,162 (+49.7%), from -€94,952 to -€47,790
- Financial income +€48,505
up €48,505 (+2034.7%), from €2,384 to €50,889
- Financial charges +€1,563
up €1,563 (+1628.2%), from €96 to €1,659
- Gross operating margin -€58
down €58 (-3.7%), from -€1,544 to -€1,602
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 | €55,608 | €101,613 | +€46,005 | +82.7% |
| Current assets | 29/58 | €55,608 | €101,613 | +€46,005 | +82.7% |
| Amounts receivable within one year | 40/41 | €119 | €177 | +€58 | +48.8% |
| Other amounts receivable | 41 | €119 | €177 | +€58 | +48.8% |
| Current investments | 50/53 | €53,482 | €98,631 | +€45,148 | +84.4% |
| Cash at bank and in hand | 54/58 | €2,007 | €2,805 | +€799 | +39.8% |
| Total equity and liabilities | 10/49 | €55,608 | €101,613 | +€46,005 | +82.7% |
| Equity | 10/15 | -€80,552 | -€33,390 | +€47,162 | +58.5% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,952 | -€47,790 | +€47,162 | +49.7% |
| Amounts payable | 17/49 | €136,160 | €135,003 | -€1,157 | -0.8% |
| Amounts payable within one year | 42/48 | €135,773 | €135,003 | -€770 | -0.6% |
| Trade debts | 44 | €469 | €407 | -€62 | -13.3% |
| Suppliers | 440/4 | €469 | €407 | -€62 | -13.3% |
| Other amounts payable | 47/48 | €135,304 | €134,596 | -€708 | -0.5% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | -€1,544 | -€1,602 | -€58 | -3.7% |
| Operating profit (loss) | 9901 | -€1,995 | -€2,067 | -€72 | -3.6% |
| Financial income | 75/76B | €2,384 | €50,889 | +€48,505 | +2034.7% |
| Recurring financial income | 75 | €2,384 | €50,889 | +€48,505 | +2034.7% |
| Financial charges | 65/66B | €96 | €1,659 | +€1,563 | +1628.2% |
| Recurring financial charges | 65 | €96 | €1,659 | +€1,563 | +1628.2% |
| Profit (loss) for the period before taxes | 9903 | €292 | €47,162 | +€46,870 | +16032.6% |
| Profit (loss) for the period | 9904 | €292 | €47,162 | +€46,870 | +16032.6% |
| Profit (loss) for the period to be appropriated | 9905 | €292 | €47,162 | +€46,870 | +16032.6% |
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 29 September 2026 via checked.be.