SaPinoT: 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.
SaPinoT
Largest movements
- Receivables within one year +€49,765
up €49,765 (+4.6%), from €1.1m to €1.1m
of which Trade receivables: +€88,024
- Other debts +€99,650
up €99,650 (+1,779%), from €5,600 to €105,250
- Trade debts -€55,827
down €55,827 (-10.7%), from €521,794 to €465,967
- Staff costs -€35,530
down €35,530 (-63.6%), from €55,845 to €20,315
- Gross operating margin -€31,784
down €31,784 (-27.0%), from €117,558 to €85,774
- Write-downs +€10,438
new in 2024: €10,438
- Financial charges +€3,940
up €3,940 (+12.3%), from €31,966 to €35,906
- Other operating charges -€3,919
down €3,919 (-52.2%), from €7,514 to €3,595
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.
Derived cash bridge
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 | €1,501,148 | €1,540,108 | +€38,960 | +2.6% |
| Fixed assets | 21/28 | €12,909 | €12,181 | -€727 | -5.6% |
| Intangible fixed assets | 21 | €5,605 | €4,204 | -€1,401 | -25.0% |
| Tangible fixed assets | 22/27 | €7,304 | €7,977 | +€674 | +9.2% |
| Plant, machinery and equipment | 23 | €310 | €310 | = | 0.0% |
| Furniture and vehicles | 24 | - | €674 | +€674 | |
| Other tangible fixed assets | 26 | €6,994 | €6,994 | -€0 | 0.0% |
| Current assets | 29/58 | €1,488,239 | €1,527,927 | +€39,687 | +2.7% |
| Stocks and contracts in progress | 3 | €401,543 | €396,681 | -€4,862 | -1.2% |
| Stocks | 30/36 | €401,543 | €396,681 | -€4,862 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,080,467 | €1,130,232 | +€49,765 | +4.6% |
| Trade receivables | 40 | €1,042,208 | €1,130,232 | +€88,024 | +8.4% |
| Other amounts receivable | 41 | €38,259 | - | -€38,259 | |
| Cash at bank and in hand | 54/58 | €5,262 | €1,014 | -€4,248 | -80.7% |
| Deferred charges and accrued income | 490/1 | €968 | - | -€968 | |
| Total equity and liabilities | 10/49 | €1,501,148 | €1,540,108 | +€38,960 | +2.6% |
| Equity | 10/15 | €135,366 | €140,799 | +€5,433 | +4.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,366 | €65,799 | +€5,433 | +9.0% |
| Amounts payable | 17/49 | €1,365,782 | €1,399,309 | +€33,527 | +2.5% |
| Amounts payable after more than one year | 17 | €775,000 | €775,000 | = | 0.0% |
| Financial debts | 170/4 | €775,000 | €775,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €588,919 | €620,047 | +€31,128 | +5.3% |
| Trade debts | 44 | €521,794 | €465,967 | -€55,827 | -10.7% |
| Suppliers | 440/4 | €521,794 | €465,967 | -€55,827 | -10.7% |
| Taxes, remuneration and social security | 45 | €61,525 | €48,830 | -€12,694 | -20.6% |
| Taxes | 450/3 | €48,890 | €48,830 | -€60 | -0.1% |
| Remuneration and social security | 454/9 | €12,634 | - | -€12,634 | |
| Other amounts payable | 47/48 | €5,600 | €105,250 | +€99,650 | +1,779% |
| Accrued charges and deferred income | 492/3 | €1,863 | €4,262 | +€2,398 | +129% |
| Remuneration, social security and pensions | 62 | €55,845 | €20,315 | -€35,530 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €1,401 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,438 | +€10,438 | |
| Other operating charges | 640/8 | €7,514 | €3,595 | -€3,919 | -52.2% |
| Gross operating margin | 9900 | €117,558 | €85,774 | -€31,784 | -27.0% |
| Operating profit (loss) | 9901 | €52,798 | €50,025 | -€2,773 | -5.3% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €31,966 | €35,906 | +€3,940 | +12.3% |
| Recurring financial charges | 65 | €31,966 | €35,906 | +€3,940 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €20,832 | €14,150 | -€6,682 | -32.1% |
| Income taxes | 67/77 | €10,245 | €8,717 | -€1,528 | -14.9% |
| Profit (loss) for the period | 9904 | €10,587 | €5,433 | -€5,154 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,587 | €5,433 | -€5,154 | -48.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.