SAPERE AUDE: 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.
SAPERE AUDE
Largest movements
- Current investments +€40,057
new in 2025: €40,057
- Tangible fixed assets +€18,507
up €18,507 (+12.9%), from €143,185 to €161,692
of which Furniture and vehicles: +€25,773
- Receivables within one year +€17,910
up €17,910 (+9.3%), from €191,558 to €209,468
of which Other amounts receivable: +€43,658
- Receivables after one year -€17,612
no longer reported in 2025 (was €17,612)
- Deferred charges and accrued income -€7,987
down €7,987 (-38.9%), from €20,509 to €12,521
- Profit (loss) carried forward -€98,641
down €98,641 (-54.5%), from €180,944 to €82,303
- Debts after one year +€80,347
up €80,347 (+73.3%), from €109,633 to €189,980
- Contributions +€49,600
up €49,600 (+400%), from €12,400 to €62,000
- Other debts +€27,686
up €27,686 (+4,312%), from €642 to €28,328
- Tax, wage and social debts -€7,250
down €7,250 (-80.3%), from €9,030 to €1,779
- Gross operating margin -€2,821
down €2,821 (-3.1%), from €92,332 to €89,511
- Financial charges +€2,815
up €2,815 (+57.2%), from €4,917 to €7,732
- Depreciation -€1,682
down €1,682 (-9.7%), from €17,404 to €15,722
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 | €374,963 | €427,991 | +€53,028 | +14.1% |
| Fixed assets | 21/28 | €143,185 | €161,692 | +€18,507 | +12.9% |
| Tangible fixed assets | 22/27 | €143,185 | €161,692 | +€18,507 | +12.9% |
| Land and buildings | 22 | €98,392 | €92,190 | -€6,202 | -6.3% |
| Plant, machinery and equipment | 23 | €4,556 | €3,492 | -€1,064 | -23.4% |
| Furniture and vehicles | 24 | €40,237 | €66,010 | +€25,773 | +64.1% |
| Current assets | 29/58 | €231,778 | €266,299 | +€34,521 | +14.9% |
| Amounts receivable after more than one year | 29 | €17,612 | - | -€17,612 | |
| Trade receivables | 290 | €17,612 | - | -€17,612 | |
| Amounts receivable within one year | 40/41 | €191,558 | €209,468 | +€17,910 | +9.3% |
| Trade receivables | 40 | €58,924 | €33,177 | -€25,748 | -43.7% |
| Other amounts receivable | 41 | €132,634 | €176,292 | +€43,658 | +32.9% |
| Current investments | 50/53 | - | €40,057 | +€40,057 | |
| Cash at bank and in hand | 54/58 | €2,100 | €4,253 | +€2,153 | +103% |
| Deferred charges and accrued income | 490/1 | €20,509 | €12,521 | -€7,987 | -38.9% |
| Total equity and liabilities | 10/49 | €374,963 | €427,991 | +€53,028 | +14.1% |
| Equity | 10/15 | €214,647 | €165,606 | -€49,041 | -22.8% |
| Contributions | 10/11 | €12,400 | €62,000 | +€49,600 | +400% |
| Reserves | 13 | €21,303 | €21,303 | = | 0.0% |
| Distributable reserves | 133 | €21,303 | €21,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,944 | €82,303 | -€98,641 | -54.5% |
| Amounts payable | 17/49 | €160,316 | €262,386 | +€102,070 | +63.7% |
| Amounts payable after more than one year | 17 | €109,633 | €189,980 | +€80,347 | +73.3% |
| Financial debts | 170/4 | €109,633 | €189,980 | +€80,347 | +73.3% |
| Amounts payable within one year | 42/48 | €47,433 | €68,735 | +€21,302 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €30,028 | €31,217 | +€1,189 | +4.0% |
| Trade debts | 44 | €7,733 | €7,410 | -€323 | -4.2% |
| Suppliers | 440/4 | €7,733 | €7,410 | -€323 | -4.2% |
| Taxes, remuneration and social security | 45 | €9,030 | €1,779 | -€7,250 | -80.3% |
| Taxes | 450/3 | €9,030 | €1,779 | -€7,250 | -80.3% |
| Other amounts payable | 47/48 | €642 | €28,328 | +€27,686 | +4,312% |
| Accrued charges and deferred income | 492/3 | €3,251 | €3,671 | +€420 | +12.9% |
| Non-recurring operating income | 76A | - | €3,379 | +€3,379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,404 | €15,722 | -€1,682 | -9.7% |
| Other operating charges | 640/8 | €2,349 | €1,850 | -€499 | -21.2% |
| Non-recurring operating charges | 66A | €20,458 | - | -€20,458 | |
| Gross operating margin | 9900 | €92,332 | €89,511 | -€2,821 | -3.1% |
| Operating profit (loss) | 9901 | €52,121 | €71,938 | +€19,818 | +38.0% |
| Financial income | 75/76B | €999 | €229 | -€771 | -77.1% |
| Recurring financial income | 75 | €999 | €229 | -€771 | -77.1% |
| Financial charges | 65/66B | €4,917 | €7,732 | +€2,815 | +57.2% |
| Recurring financial charges | 65 | €4,917 | €7,732 | +€2,815 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €48,203 | €64,435 | +€16,232 | +33.7% |
| Income taxes | 67/77 | €15,407 | €14,928 | -€478 | -3.1% |
| Profit (loss) for the period | 9904 | €32,796 | €49,507 | +€16,710 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,796 | €49,507 | +€16,710 | +51.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.