SAPIOCANTO: 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.
SAPIOCANTO
Largest movements
- Cash -€2,661
down €2,661 (-7.0%), from €38,274 to €35,613
mainly Tax, wage and social debts (-€8,040)
- Tangible fixed assets -€866
down €866 (-60.5%), from €1,432 to €566
- Receivables within one year -€651
down €651 (-72.7%), from €897 to €245
- Tax, wage and social debts -€8,040
down €8,040 (-99.1%), from €8,115 to €75
of which Remuneration and social security: -€8,000
- Other debts +€2,215
up €2,215 (+7.4%), from €30,089 to €32,304
- Trade debts +€1,545
new in 2025: €1,545
- Gross operating margin +€16,812
up €16,812, from -€15,697 to €1,115
- Turnover +€10,554
new in 2025: €10,554
- Purchases and services +€9,439
new in 2025: €9,439
- Financial income -€450
down €450 (-99.7%), from €451 to €1
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 | €40,602 | €36,424 | -€4,178 | -10.3% |
| Fixed assets | 21/28 | €1,432 | €566 | -€866 | -60.5% |
| Tangible fixed assets | 22/27 | €1,432 | €566 | -€866 | -60.5% |
| Furniture and vehicles | 24 | €1,432 | €566 | -€866 | -60.5% |
| Current assets | 29/58 | €39,170 | €35,858 | -€3,312 | -8.5% |
| Amounts receivable within one year | 40/41 | €897 | €245 | -€651 | -72.7% |
| Other amounts receivable | 41 | €897 | €245 | -€651 | -72.7% |
| Cash at bank and in hand | 54/58 | €38,274 | €35,613 | -€2,661 | -7.0% |
| Total equity and liabilities | 10/49 | €40,602 | €36,424 | -€4,178 | -10.3% |
| Equity | 10/15 | €2,398 | €2,500 | +€102 | +4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,448 | €16,448 | = | 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 | €14,588 | €14,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,450 | -€26,348 | +€102 | +0.4% |
| Amounts payable | 17/49 | €38,204 | €33,924 | -€4,280 | -11.2% |
| Amounts payable within one year | 42/48 | €38,204 | €33,924 | -€4,280 | -11.2% |
| Trade debts | 44 | - | €1,545 | +€1,545 | |
| Suppliers | 440/4 | - | €1,545 | +€1,545 | |
| Taxes, remuneration and social security | 45 | €8,115 | €75 | -€8,040 | -99.1% |
| Taxes | 450/3 | €115 | €75 | -€40 | -34.7% |
| Remuneration and social security | 454/9 | €8,000 | - | -€8,000 | |
| Other amounts payable | 47/48 | €30,089 | €32,304 | +€2,215 | +7.4% |
| Turnover | 70 | - | €10,554 | +€10,554 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €9,439 | +€9,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,014 | €866 | -€148 | -14.6% |
| Gross operating margin | 9900 | -€15,697 | €1,115 | +€16,812 | |
| Operating profit (loss) | 9901 | -€16,711 | €249 | +€16,960 | |
| Financial income | 75/76B | €451 | €1 | -€450 | -99.7% |
| Recurring financial income | 75 | €451 | €1 | -€450 | -99.7% |
| Financial charges | 65/66B | €158 | €149 | -€9 | -5.9% |
| Recurring financial charges | 65 | €158 | €149 | -€9 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,418 | €102 | +€16,520 | |
| Profit (loss) for the period | 9904 | -€16,418 | €102 | +€16,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,418 | €102 | +€16,520 |
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 8 October 2026 via checked.be.