SAPHALATA: 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.
SAPHALATA
Largest movements
- Cash +€9,422
up €9,422 (+94.0%), from €10,019 to €19,441
mainly Net result for the year (+€8,966) and Receivables within one year (+€5,130)
- Receivables within one year -€5,130
down €5,130 (-29.0%), from €17,661 to €12,531
of which Other amounts receivable: -€6,689
- Tangible fixed assets +€1,752
up €1,752 (+60.5%), from €2,895 to €4,647
- Reserves +€8,151
up €8,151 (+43.3%), from €18,843 to €26,994
of which Distributable reserves: +€8,150
- Other debts -€3,934
down €3,934 (-42.1%), from €9,342 to €5,408
- Short-term financial debts -€2,055
no longer reported in 2025 (was €2,055)
- Current portion of long-term debt +€2,043
new in 2025: €2,043
- Trade debts +€950
up €950 (+380%), from €250 to €1,200
- Taxes +€3,778
up €3,778 (+80.2%), from €4,711 to €8,489
- Other operating charges -€343
down €343 (-17.1%), from €2,009 to €1,666
- Gross operating margin -€298
down €298 (-1.5%), from €20,048 to €19,750
- Depreciation -€289
down €289 (-57.7%), from €501 to €212
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 | €40,649 | €46,693 | +€6,044 | +14.9% |
| Fixed assets | 21/28 | €12,969 | €14,721 | +€1,752 | +13.5% |
| Intangible fixed assets | 21 | €10,074 | €10,074 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €2,895 | €4,647 | +€1,752 | +60.5% |
| Plant, machinery and equipment | 23 | €2,895 | €4,647 | +€1,752 | +60.5% |
| Current assets | 29/58 | €27,680 | €31,972 | +€4,292 | +15.5% |
| Amounts receivable within one year | 40/41 | €17,661 | €12,531 | -€5,130 | -29.0% |
| Trade receivables | 40 | €10,972 | €12,531 | +€1,559 | +14.2% |
| Other amounts receivable | 41 | €6,689 | - | -€6,689 | |
| Cash at bank and in hand | 54/58 | €10,019 | €19,441 | +€9,422 | +94.0% |
| Total equity and liabilities | 10/49 | €40,649 | €46,693 | +€6,044 | +14.9% |
| Equity | 10/15 | €18,843 | €26,994 | +€8,151 | +43.3% |
| Reserves | 13 | €18,843 | €26,994 | +€8,151 | +43.3% |
| Non-distributable reserves | 130/1 | €853 | €853 | +€0 | 0.0% |
| Legal reserve | 130 | €853 | - | -€853 | |
| Reserves not available under the articles | 1311 | - | €853 | +€853 | |
| Distributable reserves | 133 | €17,991 | €26,141 | +€8,150 | +45.3% |
| Amounts payable | 17/49 | €21,806 | €19,699 | -€2,107 | -9.7% |
| Amounts payable within one year | 42/48 | €21,806 | €19,699 | -€2,107 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,043 | +€2,043 | |
| Financial debts | 43 | €2,055 | - | -€2,055 | |
| Other loans | 439 | €2,055 | - | -€2,055 | |
| Trade debts | 44 | €250 | €1,200 | +€950 | +380% |
| Suppliers | 440/4 | €250 | €1,200 | +€950 | +380% |
| Taxes, remuneration and social security | 45 | €10,159 | €11,048 | +€889 | +8.7% |
| Taxes | 450/3 | €4,159 | €11,048 | +€6,889 | +166% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €9,342 | €5,408 | -€3,934 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €212 | -€289 | -57.7% |
| Other operating charges | 640/8 | €2,009 | €1,666 | -€343 | -17.1% |
| Gross operating margin | 9900 | €20,048 | €19,750 | -€298 | -1.5% |
| Operating profit (loss) | 9901 | €17,538 | €17,872 | +€334 | +1.9% |
| Financial charges | 65/66B | €423 | €417 | -€6 | -1.4% |
| Recurring financial charges | 65 | €423 | €417 | -€6 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €17,116 | €17,455 | +€339 | +2.0% |
| Income taxes | 67/77 | €4,711 | €8,489 | +€3,778 | +80.2% |
| Profit (loss) for the period | 9904 | €12,404 | €8,966 | -€3,438 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,404 | €8,966 | -€3,438 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.