SAPILUC: 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.
SAPILUC
Largest movements
- Receivables within one year +€24,812
up €24,812 (+7.9%), from €312,575 to €337,387
of which Other amounts receivable: +€13,969
- Stocks and contracts -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Profit (loss) carried forward -€61,384
down €61,384 (-10.3%), from -€595,291 to -€656,675
- Trade debts +€32,786
up €32,786 (+35.7%), from €91,875 to €124,662
- Other debts +€26,225
up €26,225 (+2.4%), from €1.1m to €1.1m
- Gross operating margin +€29,355
up €29,355, from -€24,818 to €4,537
- Other operating charges +€16,954
up €16,954 (+697.7%), from €2,430 to €19,384
- Depreciation +€3,860
up €3,860 (+10.4%), from €37,143 to €41,004
- Financial charges +€1,826
up €1,826 (+44.7%), from €4,086 to €5,911
- Financial income +€377
up €377 (+22156.5%), from €2 to €378
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,546,289 | €1,534,093 | -€12,196 | -0.8% |
| Fixed assets | 21/28 | €1,120,576 | €1,106,531 | -€14,045 | -1.3% |
| Tangible fixed assets | 22/27 | €1,117,481 | €1,103,436 | -€14,045 | -1.3% |
| Land and buildings | 22 | €993,320 | €981,363 | -€11,958 | -1.2% |
| Plant, machinery and equipment | 23 | €93,599 | €92,000 | -€1,599 | -1.7% |
| Furniture and vehicles | 24 | €19,130 | €23,541 | +€4,411 | +23.1% |
| Leasing and similar rights | 25 | €11,431 | €6,532 | -€4,899 | -42.9% |
| Financial fixed assets | 28 | €3,095 | €3,095 | = | 0.0% |
| Current assets | 29/58 | €425,713 | €427,562 | +€1,849 | +0.4% |
| Stocks and contracts in progress | 3 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Stocks | 30/36 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €312,575 | €337,387 | +€24,812 | +7.9% |
| Trade receivables | 40 | €202,411 | €213,253 | +€10,843 | +5.4% |
| Other amounts receivable | 41 | €110,164 | €124,133 | +€13,969 | +12.7% |
| Cash at bank and in hand | 54/58 | €8,318 | €7,824 | -€494 | -5.9% |
| Deferred charges and accrued income | 490/1 | €4,820 | €2,351 | -€2,469 | -51.2% |
| Total equity and liabilities | 10/49 | €1,546,289 | €1,534,093 | -€12,196 | -0.8% |
| Equity | 10/15 | €252,155 | €190,771 | -€61,384 | -24.3% |
| Contributions | 10/11 | €177,500 | €177,500 | = | 0.0% |
| Revaluation surpluses | 12 | €669,945 | €669,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€595,291 | -€656,675 | -€61,384 | -10.3% |
| Amounts payable | 17/49 | €1,294,134 | €1,343,322 | +€49,188 | +3.8% |
| Amounts payable after more than one year | 17 | €1,674 | - | -€1,674 | |
| Financial debts | 170/4 | €1,674 | - | -€1,674 | |
| Amounts payable within one year | 42/48 | €1,292,460 | €1,343,322 | +€50,862 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €25,917 | €16,021 | -€9,896 | -38.2% |
| Financial debts | 43 | €86,706 | €84,104 | -€2,602 | -3.0% |
| Credit institutions | 430/8 | €86,706 | €84,104 | -€2,602 | -3.0% |
| Trade debts | 44 | €91,875 | €124,662 | +€32,786 | +35.7% |
| Suppliers | 440/4 | €91,875 | €124,662 | +€32,786 | +35.7% |
| Taxes, remuneration and social security | 45 | - | €4,349 | +€4,349 | |
| Taxes | 450/3 | - | €4,349 | +€4,349 | |
| Other amounts payable | 47/48 | €1,087,962 | €1,114,187 | +€26,225 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,143 | €41,004 | +€3,860 | +10.4% |
| Other operating charges | 640/8 | €2,430 | €19,384 | +€16,954 | +697.7% |
| Gross operating margin | 9900 | -€24,818 | €4,537 | +€29,355 | |
| Operating profit (loss) | 9901 | -€64,391 | -€55,851 | +€8,540 | +13.3% |
| Financial income | 75/76B | €2 | €378 | +€377 | +22156.5% |
| Recurring financial income | 75 | €2 | €378 | +€377 | +22156.5% |
| Financial charges | 65/66B | €4,086 | €5,911 | +€1,826 | +44.7% |
| Recurring financial charges | 65 | €4,086 | €5,911 | +€1,826 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€68,475 | -€61,384 | +€7,091 | +10.4% |
| Profit (loss) for the period | 9904 | -€68,475 | -€61,384 | +€7,091 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,475 | -€61,384 | +€7,091 | +10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.