SAPIENTE: 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.
SAPIENTE
Largest movements
- Receivables within one year -€11,712
down €11,712 (-100%), from €11,712 to €0
of which Trade receivables: -€11,300
- Tangible fixed assets -€10,395
down €10,395 (-36.0%), from €28,912 to €18,517
of which Other tangible fixed assets: -€10,395
- Other debts -€33,002
down €33,002 (-15.5%), from €213,093 to €180,091
- Short-term financial debts +€10,101
up €10,101 (+125%), from €8,107 to €18,208
- Profit (loss) carried forward +€7,124
up €7,124 (+3.7%), from -€190,243 to -€183,119
- Trade debts -€3,634
down €3,634 (-100%), from €3,634 to €0
- Accrued charges and deferred income -€3,000
down €3,000 (-100%), from €3,000 to €0
- Gross operating margin -€29,588
down €29,588 (-60.1%), from €49,240 to €19,652
- Other operating charges -€1,599
down €1,599 (-75.5%), from €2,119 to €520
- Financial charges -€668
down €668 (-29.3%), from €2,282 to €1,613
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,791 | €21,805 | -€21,986 | -50.2% |
| Fixed assets | 21/28 | €28,912 | €18,517 | -€10,395 | -36.0% |
| Tangible fixed assets | 22/27 | €28,912 | €18,517 | -€10,395 | -36.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €28,912 | €18,517 | -€10,395 | -36.0% |
| Current assets | 29/58 | €14,879 | €3,288 | -€11,591 | -77.9% |
| Amounts receivable within one year | 40/41 | €11,712 | €0 | -€11,712 | -100% |
| Trade receivables | 40 | €11,300 | €0 | -€11,300 | -100% |
| Other amounts receivable | 41 | €412 | €0 | -€412 | -100% |
| Deferred charges and accrued income | 490/1 | €3,167 | €3,288 | +€120 | +3.8% |
| Total equity and liabilities | 10/49 | €43,791 | €21,805 | -€21,986 | -50.2% |
| Equity | 10/15 | -€184,043 | -€176,919 | +€7,124 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,243 | -€183,119 | +€7,124 | +3.7% |
| Amounts payable | 17/49 | €227,834 | €198,724 | -€29,110 | -12.8% |
| Amounts payable within one year | 42/48 | €224,834 | €198,724 | -€26,110 | -11.6% |
| Financial debts | 43 | €8,107 | €18,208 | +€10,101 | +125% |
| Credit institutions | 430/8 | €8,107 | €18,208 | +€10,101 | +125% |
| Trade debts | 44 | €3,634 | €0 | -€3,634 | -100% |
| Suppliers | 440/4 | €3,634 | €0 | -€3,634 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €424 | +€424 | |
| Taxes | 450/3 | €0 | €424 | +€424 | |
| Other amounts payable | 47/48 | €213,093 | €180,091 | -€33,002 | -15.5% |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100% |
| Non-recurring operating income | 76A | €48,765 | €0 | -€48,765 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,395 | €10,395 | = | 0.0% |
| Other operating charges | 640/8 | €2,119 | €520 | -€1,599 | -75.5% |
| Gross operating margin | 9900 | €49,240 | €19,652 | -€29,588 | -60.1% |
| Operating profit (loss) | 9901 | €36,726 | €8,738 | -€27,988 | -76.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,282 | €1,613 | -€668 | -29.3% |
| Recurring financial charges | 65 | €2,282 | €1,613 | -€668 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €34,445 | €7,124 | -€27,320 | -79.3% |
| Profit (loss) for the period | 9904 | €34,445 | €7,124 | -€27,320 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,445 | €7,124 | -€27,320 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.