SAPIENTIA: 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.
SAPIENTIA
Largest movements
- Stocks and contracts -€9,961
no longer reported in 2025 (was €9,961)
- Intangible fixed assets -€8,800
down €8,800 (-50.0%), from €17,600 to €8,800
- Cash +€5,155
up €5,155 (+34.0%), from €15,172 to €20,327
mainly Depreciation (+€11,042) and Stocks and contracts (+€9,961)
- Tangible fixed assets -€2,242
down €2,242 (-37.3%), from €6,017 to €3,775
- Receivables within one year -€2,209
down €2,209 (-3.4%), from €65,178 to €62,969
of which Other amounts receivable: -€4,256
- Trade debts -€12,778
down €12,778 (-79.3%), from €16,106 to €3,328
- Current portion of long-term debt -€9,956
no longer reported in 2025 (was €9,956)
- Profit (loss) carried forward +€8,733
up €8,733 (+62.9%), from -€13,895 to -€5,162
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin +€1,124
up €1,124 (+5.5%), from €20,438 to €21,562
- Taxes +€943
new in 2025: €943
- Depreciation +€223
up €223 (+2.1%), from €10,819 to €11,042
- Financial charges +€216
up €216 (+44.0%), from €491 to €707
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
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 | €113,929 | €95,871 | -€18,058 | -15.8% |
| Fixed assets | 21/28 | €23,617 | €12,575 | -€11,042 | -46.8% |
| Intangible fixed assets | 21 | €17,600 | €8,800 | -€8,800 | -50.0% |
| Tangible fixed assets | 22/27 | €6,017 | €3,775 | -€2,242 | -37.3% |
| Furniture and vehicles | 24 | €6,017 | €3,775 | -€2,242 | -37.3% |
| Current assets | 29/58 | €90,312 | €83,296 | -€7,016 | -7.8% |
| Stocks and contracts in progress | 3 | €9,961 | - | -€9,961 | |
| Contracts in progress | 37 | €9,961 | - | -€9,961 | |
| Amounts receivable within one year | 40/41 | €65,178 | €62,969 | -€2,209 | -3.4% |
| Trade receivables | 40 | €16,272 | €18,319 | +€2,047 | +12.6% |
| Other amounts receivable | 41 | €48,906 | €44,650 | -€4,256 | -8.7% |
| Cash at bank and in hand | 54/58 | €15,172 | €20,327 | +€5,155 | +34.0% |
| Total equity and liabilities | 10/49 | €113,929 | €95,871 | -€18,058 | -15.8% |
| Equity | 10/15 | €82,867 | €91,600 | +€8,733 | +10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,562 | €90,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €88,702 | €88,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,895 | -€5,162 | +€8,733 | +62.9% |
| Amounts payable | 17/49 | €31,062 | €4,271 | -€26,791 | -86.3% |
| Amounts payable within one year | 42/48 | €31,062 | €4,271 | -€26,791 | -86.3% |
| Current portion of amounts payable after more than one year | 42 | €9,956 | - | -€9,956 | |
| Trade debts | 44 | €16,106 | €3,328 | -€12,778 | -79.3% |
| Suppliers | 440/4 | €16,106 | €3,328 | -€12,778 | -79.3% |
| Taxes, remuneration and social security | 45 | - | €943 | +€943 | |
| Taxes | 450/3 | - | €943 | +€943 | |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,819 | €11,042 | +€223 | +2.1% |
| Other operating charges | 640/8 | €198 | €126 | -€72 | -36.5% |
| Gross operating margin | 9900 | €20,438 | €21,562 | +€1,124 | +5.5% |
| Operating profit (loss) | 9901 | €9,420 | €10,384 | +€963 | +10.2% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €491 | €707 | +€216 | +44.0% |
| Recurring financial charges | 65 | €491 | €707 | +€216 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €8,947 | €9,677 | +€729 | +8.1% |
| Income taxes | 67/77 | - | €943 | +€943 | |
| Profit (loss) for the period | 9904 | €8,947 | €8,733 | -€214 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,947 | €8,733 | -€214 | -2.4% |
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 19 October 2026 via checked.be.