SAPIR TRADING: 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.
SAPIR TRADING
Largest movements
- Stocks and contracts -€4,560
down €4,560 (-9.1%), from €49,877 to €45,317
- Cash -€1,429
down €1,429 (-52.8%), from €2,704 to €1,275
mainly Other debts (-€7,431) and Trade debts (-€1,799)
- Other debts -€7,431
down €7,431 (-5.8%), from €127,456 to €120,026
- Profit (loss) carried forward +€4,621
up €4,621 (+3.1%), from -€150,933 to -€146,312
- Trade debts -€1,799
down €1,799 (-11.6%), from €15,562 to €13,763
- Tax, wage and social debts -€1,429
down €1,429 (-21.4%), from €6,665 to €5,236
- Gross operating margin -€757
down €757 (-11.8%), from €6,422 to €5,665
- Financial charges -€301
down €301 (-66.1%), from €456 to €155
- Other operating charges +€101
up €101 (+13.7%), from €740 to €841
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 | €55,325 | €49,288 | -€6,037 | -10.9% |
| Fixed assets | 21/28 | €2,744 | €2,696 | -€48 | -1.7% |
| Tangible fixed assets | 22/27 | €144 | €96 | -€48 | -33.3% |
| Furniture and vehicles | 24 | €144 | €96 | -€48 | -33.3% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €52,581 | €46,592 | -€5,989 | -11.4% |
| Stocks and contracts in progress | 3 | €49,877 | €45,317 | -€4,560 | -9.1% |
| Stocks | 30/36 | €49,877 | €45,317 | -€4,560 | -9.1% |
| Cash at bank and in hand | 54/58 | €2,704 | €1,275 | -€1,429 | -52.8% |
| Total equity and liabilities | 10/49 | €55,325 | €49,288 | -€6,037 | -10.9% |
| Equity | 10/15 | -€94,358 | -€89,737 | +€4,621 | +4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €37,983 | €37,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,650 | €1,650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,650 | €1,650 | = | 0.0% |
| Distributable reserves | 133 | €36,333 | €36,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,933 | -€146,312 | +€4,621 | +3.1% |
| Amounts payable | 17/49 | €149,683 | €139,025 | -€10,658 | -7.1% |
| Amounts payable within one year | 42/48 | €149,683 | €139,025 | -€10,658 | -7.1% |
| Trade debts | 44 | €15,562 | €13,763 | -€1,799 | -11.6% |
| Suppliers | 440/4 | €15,562 | €13,763 | -€1,799 | -11.6% |
| Taxes, remuneration and social security | 45 | €6,665 | €5,236 | -€1,429 | -21.4% |
| Taxes | 450/3 | €6,665 | €5,236 | -€1,429 | -21.4% |
| Other amounts payable | 47/48 | €127,456 | €120,026 | -€7,431 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48 | €48 | = | 0.0% |
| Other operating charges | 640/8 | €740 | €841 | +€101 | +13.7% |
| Gross operating margin | 9900 | €6,422 | €5,665 | -€757 | -11.8% |
| Operating profit (loss) | 9901 | €5,634 | €4,776 | -€858 | -15.2% |
| Financial charges | 65/66B | €456 | €155 | -€301 | -66.1% |
| Recurring financial charges | 65 | €456 | €155 | -€301 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €5,179 | €4,621 | -€557 | -10.8% |
| Profit (loss) for the period | 9904 | €5,179 | €4,621 | -€557 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,179 | €4,621 | -€557 | -10.8% |
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 29 October 2026 via checked.be.