SAPI PLANT: 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.
SAPI PLANT
Largest movements
- Receivables within one year -€4,333
down €4,333 (-15.5%), from €28,042 to €23,709
of which Trade receivables: -€4,331
- Other debts -€6,682
down €6,682 (-20.2%), from €33,064 to €26,382
- Profit (loss) carried forward +€1,693
up €1,693 (+1.5%), from -€113,652 to -€111,959
- Short-term financial debts +€951
up €951 (+12.2%), from €7,825 to €8,776
- Tax, wage and social debts -€295
down €295 (-30.6%), from €965 to €670
- Gross operating margin -€4,757
down €4,757 (-64.4%), from €7,385 to €2,628
- Other operating charges -€687
no longer reported in 2025 (was €687)
- Financial charges -€528
down €528 (-36.1%), from €1,463 to €935
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 | €28,044 | €23,711 | -€4,333 | -15.5% |
| Current assets | 29/58 | €28,044 | €23,711 | -€4,333 | -15.5% |
| Amounts receivable within one year | 40/41 | €28,042 | €23,709 | -€4,333 | -15.5% |
| Trade receivables | 40 | €26,548 | €22,217 | -€4,331 | -16.3% |
| Other amounts receivable | 41 | €1,494 | €1,492 | -€2 | -0.1% |
| Cash at bank and in hand | 54/58 | €2 | €2 | = | 0.0% |
| Total equity and liabilities | 10/49 | €28,044 | €23,711 | -€4,333 | -15.5% |
| Equity | 10/15 | -€13,810 | -€12,117 | +€1,693 | +12.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €50,263 | €50,263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €36,305 | €36,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,652 | -€111,959 | +€1,693 | +1.5% |
| Amounts payable | 17/49 | €41,854 | €35,828 | -€6,026 | -14.4% |
| Amounts payable within one year | 42/48 | €41,854 | €35,828 | -€6,026 | -14.4% |
| Financial debts | 43 | €7,825 | €8,776 | +€951 | +12.2% |
| Credit institutions | 430/8 | €7,825 | €8,776 | +€951 | +12.2% |
| Taxes, remuneration and social security | 45 | €965 | €670 | -€295 | -30.6% |
| Taxes | 450/3 | €965 | €670 | -€295 | -30.6% |
| Other amounts payable | 47/48 | €33,064 | €26,382 | -€6,682 | -20.2% |
| Other operating charges | 640/8 | €687 | - | -€687 | |
| Gross operating margin | 9900 | €7,385 | €2,628 | -€4,757 | -64.4% |
| Operating profit (loss) | 9901 | €6,698 | €2,628 | -€4,070 | -60.8% |
| Financial charges | 65/66B | €1,463 | €935 | -€528 | -36.1% |
| Recurring financial charges | 65 | €1,463 | €935 | -€528 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €5,235 | €1,693 | -€3,542 | -67.7% |
| Profit (loss) for the period | 9904 | €5,235 | €1,693 | -€3,542 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,235 | €1,693 | -€3,542 | -67.7% |
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 29 September 2026 via checked.be.