SAPHIR PLUS: 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.
SAPHIR PLUS
Largest movements
- Tangible fixed assets +€16,452
up €16,452 (+6.1%), from €268,557 to €285,009
of which Land and buildings: +€10,000
- Stocks and contracts -€15,650
down €15,650 (-87.7%), from €17,850 to €2,200
- Cash -€8,938
down €8,938 (-50.4%), from €17,743 to €8,805
mainly Investment in fixed assets (net) (-€17,000) and Debts after one year (-€15,090)
- Receivables within one year +€5,235
up €5,235 (+113.8%), from €4,600 to €9,835
- Profit (loss) carried forward +€20,378
up €20,378 (+57.6%), from €35,396 to €55,774
- Debts after one year -€15,090
down €15,090 (-12.4%), from €122,115 to €107,025
- Trade debts -€13,268
down €13,268 (-53.3%), from €24,909 to €11,640
- Other debts +€11,788
up €11,788 (+15.7%), from €74,952 to €86,740
- Current portion of long-term debt -€8,995
down €8,995 (-29.7%), from €30,330 to €21,336
- Depreciation -€32,798
down €32,798 (-98.4%), from €33,346 to €548
- Financial income +€3,632
new in 2025: €3,632
- Taxes +€1,981
new in 2025: €1,981
- Financial charges -€1,526
down €1,526 (-21.0%), from €7,267 to €5,741
- Other operating charges +€1,463
up €1,463 (+53.1%), from €2,754 to €4,218
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 | €309,687 | €305,849 | -€3,839 | -1.2% |
| Fixed assets | 21/28 | €268,557 | €285,009 | +€16,452 | +6.1% |
| Tangible fixed assets | 22/27 | €268,557 | €285,009 | +€16,452 | +6.1% |
| Land and buildings | 22 | €267,742 | €277,742 | +€10,000 | +3.7% |
| Plant, machinery and equipment | 23 | €815 | €7,267 | +€6,452 | +792.0% |
| Current assets | 29/58 | €41,130 | €20,839 | -€20,291 | -49.3% |
| Stocks and contracts in progress | 3 | €17,850 | €2,200 | -€15,650 | -87.7% |
| Stocks | 30/36 | €17,850 | €2,200 | -€15,650 | -87.7% |
| Amounts receivable within one year | 40/41 | €4,600 | €9,835 | +€5,235 | +113.8% |
| Trade receivables | 40 | €4,600 | €9,835 | +€5,235 | +113.8% |
| Cash at bank and in hand | 54/58 | €17,743 | €8,805 | -€8,938 | -50.4% |
| Deferred charges and accrued income | 490/1 | €938 | - | -€938 | |
| Total equity and liabilities | 10/49 | €309,687 | €305,849 | -€3,839 | -1.2% |
| Equity | 10/15 | €55,856 | €76,234 | +€20,378 | +36.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,396 | €55,774 | +€20,378 | +57.6% |
| Amounts payable | 17/49 | €253,831 | €229,615 | -€24,216 | -9.5% |
| Amounts payable after more than one year | 17 | €122,115 | €107,025 | -€15,090 | -12.4% |
| Financial debts | 170/4 | €122,115 | €107,025 | -€15,090 | -12.4% |
| Amounts payable within one year | 42/48 | €131,716 | €122,590 | -€9,127 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €30,330 | €21,336 | -€8,995 | -29.7% |
| Trade debts | 44 | €24,909 | €11,640 | -€13,268 | -53.3% |
| Suppliers | 440/4 | €24,909 | €11,640 | -€13,268 | -53.3% |
| Taxes, remuneration and social security | 45 | €1,526 | €2,874 | +€1,348 | +88.3% |
| Taxes | 450/3 | €1,526 | €2,874 | +€1,348 | +88.3% |
| Other amounts payable | 47/48 | €74,952 | €86,740 | +€11,788 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,346 | €548 | -€32,798 | -98.4% |
| Other operating charges | 640/8 | €2,754 | €4,218 | +€1,463 | +53.1% |
| Gross operating margin | 9900 | €28,792 | €29,233 | +€442 | +1.5% |
| Operating profit (loss) | 9901 | -€7,308 | €24,468 | +€31,776 | |
| Financial income | 75/76B | - | €3,632 | +€3,632 | |
| Recurring financial income | 75 | - | €3,632 | +€3,632 | |
| Financial charges | 65/66B | €7,267 | €5,741 | -€1,526 | -21.0% |
| Recurring financial charges | 65 | €7,267 | €5,741 | -€1,526 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,575 | €22,359 | +€36,934 | |
| Income taxes | 67/77 | - | €1,981 | +€1,981 | |
| Profit (loss) for the period | 9904 | -€14,575 | €20,378 | +€34,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,575 | €20,378 | +€34,953 |
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 2 October 2026 via checked.be.