SAPHIR PARTNERS: 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.
SAPHIR PARTNERS
Largest movements
- Intangible fixed assets +€5,298
up €5,298 (+23.9%), from €22,161 to €27,459
- Cash -€4,400
down €4,400 (-13.3%), from €33,004 to €28,604
mainly Investment in fixed assets (net) (-€8,833) and Net result for the year (-€8,737)
- Receivables within one year +€2,589
up €2,589 (+225%), from €1,150 to €3,739
of which Trade receivables: +€2,596
- Tangible fixed assets -€879
down €879 (-56.7%), from €1,550 to €670
of which Furniture and vehicles: -€471
- Accrued charges and deferred income +€15,636
up €15,636 (+4,296%), from €364 to €16,000
- Profit (loss) carried forward -€8,737
down €8,737 (-23.1%), from €37,863 to €29,125
- Tax, wage and social debts -€4,300
no longer reported in 2024 (was €4,300)
- Trade debts -€736
down €736 (-19.3%), from €3,820 to €3,084
- Gross operating margin -€11,539
down €11,539 (-65.4%), from €17,632 to €6,093
- Other operating charges +€3,062
up €3,062 (+44.3%), from €6,909 to €9,971
- Staff costs -€3,052
no longer reported in 2024 (was €3,052)
- Taxes -€748
down €748 (-83.1%), from €900 to €152
- Depreciation -€297
down €297 (-6.2%), from €4,797 to €4,500
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.
Derived cash bridge
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 | €66,534 | €68,603 | +€2,069 | +3.1% |
| Formation expenses | 20 | €86 | - | -€86 | |
| Fixed assets | 21/28 | €27,710 | €32,129 | +€4,419 | +15.9% |
| Intangible fixed assets | 21 | €22,161 | €27,459 | +€5,298 | +23.9% |
| Tangible fixed assets | 22/27 | €1,550 | €670 | -€879 | -56.7% |
| Plant, machinery and equipment | 23 | €930 | €522 | -€408 | -43.9% |
| Furniture and vehicles | 24 | €619 | €148 | -€471 | -76.1% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €38,738 | €36,474 | -€2,264 | -5.8% |
| Stocks and contracts in progress | 3 | €3,232 | €2,822 | -€410 | -12.7% |
| Stocks | 30/36 | €3,232 | €2,822 | -€410 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,150 | €3,739 | +€2,589 | +225% |
| Trade receivables | 40 | €996 | €3,592 | +€2,596 | +261% |
| Other amounts receivable | 41 | €154 | €147 | -€7 | -4.6% |
| Cash at bank and in hand | 54/58 | €33,004 | €28,604 | -€4,400 | -13.3% |
| Deferred charges and accrued income | 490/1 | €1,352 | €1,309 | -€43 | -3.2% |
| Total equity and liabilities | 10/49 | €66,534 | €68,603 | +€2,069 | +3.1% |
| Equity | 10/15 | €42,863 | €34,125 | -€8,737 | -20.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,863 | €29,125 | -€8,737 | -23.1% |
| Amounts payable | 17/49 | €23,671 | €34,478 | +€10,806 | +45.7% |
| Amounts payable within one year | 42/48 | €23,307 | €18,478 | -€4,830 | -20.7% |
| Trade debts | 44 | €3,820 | €3,084 | -€736 | -19.3% |
| Suppliers | 440/4 | €3,820 | €3,084 | -€736 | -19.3% |
| Taxes, remuneration and social security | 45 | €4,300 | - | -€4,300 | |
| Taxes | 450/3 | €4,300 | - | -€4,300 | |
| Other amounts payable | 47/48 | €15,187 | €15,394 | +€206 | +1.4% |
| Accrued charges and deferred income | 492/3 | €364 | €16,000 | +€15,636 | +4,296% |
| Remuneration, social security and pensions | 62 | €3,052 | - | -€3,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,797 | €4,500 | -€297 | -6.2% |
| Other operating charges | 640/8 | €6,909 | €9,971 | +€3,062 | +44.3% |
| Gross operating margin | 9900 | €17,632 | €6,093 | -€11,539 | -65.4% |
| Operating profit (loss) | 9901 | €2,874 | -€8,378 | -€11,253 | |
| Financial income | 75/76B | €27 | €75 | +€48 | +174% |
| Recurring financial income | 75 | €27 | €75 | +€48 | +174% |
| Financial charges | 65/66B | €449 | €282 | -€167 | -37.2% |
| Recurring financial charges | 65 | €449 | €282 | -€167 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €2,452 | -€8,586 | -€11,038 | |
| Income taxes | 67/77 | €900 | €152 | -€748 | -83.1% |
| Profit (loss) for the period | 9904 | €1,552 | -€8,737 | -€10,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,552 | -€8,737 | -€10,290 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.