SAPHONYX: 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.
SAPHONYX
Largest movements
- Cash +€26,071
up €26,071 (+146.9%), from €17,750 to €43,821
mainly Net result for the year (+€99,637) and Stocks and contracts (+€8,135)
- Receivables within one year +€24,119
up €24,119 (+30.4%), from €79,424 to €103,543
- Stocks and contracts -€8,135
down €8,135 (-21.2%), from €38,333 to €30,198
- Profit (loss) carried forward +€99,637
up €99,637, from -€64,355 to €35,282
- Other debts -€23,792
down €23,792 (-81.3%), from €29,280 to €5,488
- Tax, wage and social debts -€13,132
down €13,132 (-64.0%), from €20,523 to €7,391
of which Remuneration and social security: -€10,449
- Current portion of long-term debt -€12,198
down €12,198 (-69.0%), from €17,676 to €5,478
- Debts after one year -€5,478
no longer reported in 2025 (was €5,478)
- Staff costs -€57,782
down €57,782 (-93.0%), from €62,129 to €4,347
- Taxes +€33,541
up €33,541 (+8734.6%), from €384 to €33,925
- Gross operating margin -€6,894
down €6,894 (-4.7%), from €147,404 to €140,510
- Write-downs -€2,546
down €2,546, from €701 to -€1,845
- Depreciation -€2,331
down €2,331 (-86.5%), from €2,694 to €363
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 | €138,617 | €179,686 | +€41,069 | +29.6% |
| Fixed assets | 21/28 | €755 | €392 | -€363 | -48.1% |
| Intangible fixed assets | 21 | €363 | - | -€363 | |
| Financial fixed assets | 28 | €392 | €392 | = | 0.0% |
| Current assets | 29/58 | €137,862 | €179,294 | +€41,432 | +30.1% |
| Stocks and contracts in progress | 3 | €38,333 | €30,198 | -€8,135 | -21.2% |
| Stocks | 30/36 | €38,333 | €30,198 | -€8,135 | -21.2% |
| Amounts receivable within one year | 40/41 | €79,424 | €103,543 | +€24,119 | +30.4% |
| Trade receivables | 40 | €79,424 | €103,543 | +€24,119 | +30.4% |
| Cash at bank and in hand | 54/58 | €17,750 | €43,821 | +€26,071 | +146.9% |
| Deferred charges and accrued income | 490/1 | €2,355 | €1,732 | -€623 | -26.5% |
| Total equity and liabilities | 10/49 | €138,617 | €179,686 | +€41,069 | +29.6% |
| Equity | 10/15 | -€1,296 | €98,341 | +€99,637 | |
| Contributions | 10/11 | €61,200 | €61,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,355 | €35,282 | +€99,637 | |
| Amounts payable | 17/49 | €139,913 | €81,345 | -€58,568 | -41.9% |
| Amounts payable after more than one year | 17 | €5,478 | - | -€5,478 | |
| Financial debts | 170/4 | €5,478 | - | -€5,478 | |
| Amounts payable within one year | 42/48 | €134,435 | €81,234 | -€53,201 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €17,676 | €5,478 | -€12,198 | -69.0% |
| Trade debts | 44 | €66,956 | €62,877 | -€4,079 | -6.1% |
| Suppliers | 440/4 | €66,956 | €62,877 | -€4,079 | -6.1% |
| Taxes, remuneration and social security | 45 | €20,523 | €7,391 | -€13,132 | -64.0% |
| Taxes | 450/3 | €8,686 | €6,003 | -€2,683 | -30.9% |
| Remuneration and social security | 454/9 | €11,837 | €1,388 | -€10,449 | -88.3% |
| Other amounts payable | 47/48 | €29,280 | €5,488 | -€23,792 | -81.3% |
| Accrued charges and deferred income | 492/3 | - | €111 | +€111 | |
| Non-recurring operating income | 76A | - | €67,655 | +€67,655 | |
| Remuneration, social security and pensions | 62 | €62,129 | €4,347 | -€57,782 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,694 | €363 | -€2,331 | -86.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €701 | -€1,845 | -€2,546 | |
| Other operating charges | 640/8 | €1,929 | €1,141 | -€788 | -40.9% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €147,404 | €140,510 | -€6,894 | -4.7% |
| Operating profit (loss) | 9901 | €79,951 | €136,451 | +€56,500 | +70.7% |
| Financial income | 75/76B | €60 | €265 | +€205 | +341.7% |
| Recurring financial income | 75 | €60 | €265 | +€205 | +341.7% |
| Financial charges | 65/66B | €2,457 | €3,154 | +€697 | +28.4% |
| Recurring financial charges | 65 | €2,457 | €3,154 | +€697 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €77,554 | €133,562 | +€56,008 | +72.2% |
| Income taxes | 67/77 | €384 | €33,925 | +€33,541 | +8734.6% |
| Profit (loss) for the period | 9904 | €77,170 | €99,637 | +€22,467 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,170 | €99,637 | +€22,467 | +29.1% |
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 6 October 2026 via checked.be.