SAPHAM: 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.
SAPHAM
Largest movements
- Receivables within one year -€53,834
down €53,834 (-28.8%), from €187,049 to €133,215
of which Other amounts receivable: -€152,130
- Cash +€36,155
up €36,155 (+10.5%), from €345,719 to €381,875
mainly Receivables within one year (+€53,834) and Depreciation (+€8,534)
- Profit (loss) carried forward -€20,873
down €20,873 (-85.0%), from €24,548 to €3,674
- Gross operating margin +€138,769
up €138,769 (+12.6%), from €1.1m to €1.2m
- Other operating charges +€137,351
up €137,351 (+22815.1%), from €602 to €137,954
- Staff costs +€32,901
up €32,901 (+3.0%), from €1.1m to €1.1m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €868,531 | €851,624 | -€16,907 | -1.9% |
| Fixed assets | 21/28 | €16,170 | €16,459 | +€289 | +1.8% |
| Tangible fixed assets | 22/27 | €16,170 | €16,459 | +€289 | +1.8% |
| Furniture and vehicles | 24 | €16,170 | €16,459 | +€289 | +1.8% |
| Current assets | 29/58 | €852,361 | €835,166 | -€17,196 | -2.0% |
| Amounts receivable within one year | 40/41 | €187,049 | €133,215 | -€53,834 | -28.8% |
| Trade receivables | 40 | €34,244 | €132,540 | +€98,296 | +287.0% |
| Other amounts receivable | 41 | €152,805 | €675 | -€152,130 | -99.6% |
| Cash at bank and in hand | 54/58 | €345,719 | €381,875 | +€36,155 | +10.5% |
| Deferred charges and accrued income | 490/1 | €319,593 | €320,076 | +€483 | +0.2% |
| Total equity and liabilities | 10/49 | €868,531 | €851,624 | -€16,907 | -1.9% |
| Equity | 10/15 | €24,548 | €3,674 | -€20,873 | -85.0% |
| Profit (loss) carried forward | 14 | €24,548 | €3,674 | -€20,873 | -85.0% |
| Provisions and deferred taxes | 16 | €134,487 | €134,487 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €134,487 | €134,487 | = | 0.0% |
| Other liabilities and charges | 164/5 | €134,487 | €134,487 | = | 0.0% |
| Amounts payable | 17/49 | €709,497 | €713,463 | +€3,966 | +0.6% |
| Amounts payable within one year | 42/48 | €709,497 | €710,327 | +€830 | +0.1% |
| Trade debts | 44 | €47,838 | €12,639 | -€35,199 | -73.6% |
| Suppliers | 440/4 | €47,838 | €12,639 | -€35,199 | -73.6% |
| Taxes, remuneration and social security | 45 | €231,354 | €177,697 | -€53,657 | -23.2% |
| Taxes | 450/3 | €54,494 | €1,223 | -€53,270 | -97.8% |
| Remuneration and social security | 454/9 | €176,861 | €176,474 | -€387 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €3,136 | +€3,136 | |
| Non-recurring operating income | 76A | €4,025 | €2,522 | -€1,503 | -37.3% |
| Remuneration, social security and pensions | 62 | €1,081,269 | €1,114,170 | +€32,901 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,307 | €8,534 | +€1,227 | +16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,929 | - | +€1,929 | |
| Other operating charges | 640/8 | €602 | €137,954 | +€137,351 | +22815.1% |
| Non-recurring operating charges | 66A | €1,009 | €28 | -€981 | -97.2% |
| Gross operating margin | 9900 | €1,100,999 | €1,239,768 | +€138,769 | +12.6% |
| Operating profit (loss) | 9901 | €12,741 | -€20,917 | -€33,659 | |
| Financial income | 75/76B | €374 | €273 | -€101 | -27.0% |
| Recurring financial income | 75 | €374 | €273 | -€101 | -27.0% |
| Financial charges | 65/66B | €211 | €229 | +€18 | +8.3% |
| Recurring financial charges | 65 | €211 | €229 | +€18 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €12,904 | -€20,873 | -€33,777 | |
| Profit (loss) for the period | 9904 | €12,904 | -€20,873 | -€33,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,904 | -€20,873 | -€33,777 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.