SAPIENTES: 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.
SAPIENTES
Largest movements
- Cash +€255,093
up €255,093 (+92.8%), from €274,831 to €529,924
mainly Current investments (+€226,531) and Net result for the year (+€23,930)
- Current investments -€226,531
down €226,531 (-50.1%), from €452,573 to €226,042
- Receivables within one year -€16,037
no longer reported in 2025 (was €16,037)
- Other debts +€12,703
up €12,703 (+1089.3%), from €1,166 to €13,869
- Trade debts -€10,655
down €10,655 (-73.5%), from €14,503 to €3,848
- Reserves +€10,256
up €10,256 (+1.8%), from €575,902 to €586,158
of which Non-distributable reserves: +€21,770
- Gross operating margin -€84,584
down €84,584 (-68.8%), from €123,026 to €38,442
- Turnover -€73,660
down €73,660 (-49.0%), from €150,480 to €76,820
- Purchases and services -€19,156
down €19,156 (-30.3%), from €63,279 to €44,123
- Taxes -€14,059
down €14,059 (-57.7%), from €24,358 to €10,300
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 | €760,908 | €767,853 | +€6,944 | +0.9% |
| Fixed assets | 21/28 | €17,167 | €11,652 | -€5,515 | -32.1% |
| Tangible fixed assets | 22/27 | €17,167 | €11,652 | -€5,515 | -32.1% |
| Plant, machinery and equipment | 23 | €1,051 | €413 | -€637 | -60.7% |
| Furniture and vehicles | 24 | €16,116 | €11,238 | -€4,878 | -30.3% |
| Current assets | 29/58 | €743,741 | €756,201 | +€12,460 | +1.7% |
| Amounts receivable within one year | 40/41 | €16,037 | - | -€16,037 | |
| Trade receivables | 40 | €16,037 | - | -€16,037 | |
| Current investments | 50/53 | €452,573 | €226,042 | -€226,531 | -50.1% |
| Cash at bank and in hand | 54/58 | €274,831 | €529,924 | +€255,093 | +92.8% |
| Deferred charges and accrued income | 490/1 | €300 | €235 | -€65 | -21.8% |
| Total equity and liabilities | 10/49 | €760,908 | €767,853 | +€6,944 | +0.9% |
| Equity | 10/15 | €735,366 | €747,781 | +€12,416 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €575,902 | €586,158 | +€10,256 | +1.8% |
| Non-distributable reserves | 130/1 | €488,160 | €509,930 | +€21,770 | +4.5% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €486,300 | €508,070 | +€21,770 | +4.5% |
| Tax-exempt reserves | 132 | €87,742 | €76,228 | -€11,514 | -13.1% |
| Profit (loss) carried forward | 14 | €140,863 | €143,023 | +€2,160 | +1.5% |
| Amounts payable | 17/49 | €25,542 | €20,071 | -€5,471 | -21.4% |
| Amounts payable within one year | 42/48 | €25,542 | €20,071 | -€5,471 | -21.4% |
| Trade debts | 44 | €14,503 | €3,848 | -€10,655 | -73.5% |
| Suppliers | 440/4 | €14,503 | €3,848 | -€10,655 | -73.5% |
| Taxes, remuneration and social security | 45 | €9,873 | €2,354 | -€7,518 | -76.2% |
| Taxes | 450/3 | €9,873 | €2,354 | -€7,518 | -76.2% |
| Other amounts payable | 47/48 | €1,166 | €13,869 | +€12,703 | +1089.3% |
| Turnover | 70 | €150,480 | €76,820 | -€73,660 | -49.0% |
| Non-recurring operating income | 76A | €32,318 | - | -€32,318 | |
| Goods, raw materials, services and sundry goods | 60/61 | €63,279 | €44,123 | -€19,156 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,515 | €5,515 | = | 0.0% |
| Other operating charges | 640/8 | €830 | €881 | +€51 | +6.1% |
| Gross operating margin | 9900 | €123,026 | €38,442 | -€84,584 | -68.8% |
| Operating profit (loss) | 9901 | €116,680 | €32,045 | -€84,635 | -72.5% |
| Financial income | 75/76B | €1,742 | €2,224 | +€482 | +27.7% |
| Recurring financial income | 75 | €1,742 | €2,224 | +€482 | +27.7% |
| Financial charges | 65/66B | €49 | €40 | -€8 | -17.1% |
| Recurring financial charges | 65 | €49 | €40 | -€8 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €118,374 | €34,229 | -€84,144 | -71.1% |
| Income taxes | 67/77 | €24,358 | €10,300 | -€14,059 | -57.7% |
| Profit (loss) for the period | 9904 | €94,016 | €23,930 | -€70,086 | -74.5% |
| Transfer to tax-exempt reserves | 689 | €32,318 | - | -€32,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,698 | €23,930 | -€37,768 | -61.2% |
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.