SAPITI: 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.
SAPITI
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash -€31,958
down €31,958 (-44.7%), from €71,511 to €39,553
mainly Contributions, distributions and other (-€118,833) and Current investments (-€60,000)
- Receivables within one year +€2,370
up €2,370 (+24.8%), from €9,570 to €11,940
of which Other amounts receivable: +€1,505
- Other debts +€101,380
up €101,380 (+11439.9%), from €886 to €102,266
- Reserves -€71,924
down €71,924 (-91.7%), from €78,454 to €6,530
- Tax, wage and social debts +€1,175
up €1,175 (+24.8%), from €4,728 to €5,903
- Gross operating margin +€19,427
up €19,427 (+46.7%), from €41,588 to €61,015
- Taxes +€3,833
up €3,833 (+45.1%), from €8,505 to €12,338
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 | €85,069 | €116,378 | +€31,309 | +36.8% |
| Fixed assets | 21/28 | €359 | €105 | -€253 | -70.6% |
| Tangible fixed assets | 22/27 | €359 | €105 | -€253 | -70.6% |
| Furniture and vehicles | 24 | €359 | €105 | -€253 | -70.6% |
| Current assets | 29/58 | €84,711 | €116,273 | +€31,562 | +37.3% |
| Amounts receivable within one year | 40/41 | €9,570 | €11,940 | +€2,370 | +24.8% |
| Trade receivables | 40 | €9,075 | €9,940 | +€865 | +9.5% |
| Other amounts receivable | 41 | €495 | €2,000 | +€1,505 | +304.1% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €71,511 | €39,553 | -€31,958 | -44.7% |
| Deferred charges and accrued income | 490/1 | €3,630 | €4,780 | +€1,150 | +31.7% |
| Total equity and liabilities | 10/49 | €85,069 | €116,378 | +€31,309 | +36.8% |
| Equity | 10/15 | €78,554 | €6,630 | -€71,924 | -91.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €78,454 | €6,530 | -€71,924 | -91.7% |
| Distributable reserves | 133 | €78,454 | €6,530 | -€71,924 | -91.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,515 | €109,748 | +€103,233 | +1584.5% |
| Amounts payable within one year | 42/48 | €6,515 | €109,157 | +€102,641 | +1575.4% |
| Trade debts | 44 | €901 | €988 | +€86 | +9.6% |
| Suppliers | 440/4 | €901 | €988 | +€86 | +9.6% |
| Taxes, remuneration and social security | 45 | €4,728 | €5,903 | +€1,175 | +24.8% |
| Taxes | 450/3 | €4,728 | €5,903 | +€1,175 | +24.8% |
| Other amounts payable | 47/48 | €886 | €102,266 | +€101,380 | +11439.9% |
| Accrued charges and deferred income | 492/3 | - | €592 | +€592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253 | €253 | = | 0.0% |
| Other operating charges | 640/8 | €669 | €690 | +€21 | +3.2% |
| Gross operating margin | 9900 | €41,588 | €61,015 | +€19,427 | +46.7% |
| Operating profit (loss) | 9901 | €40,667 | €60,073 | +€19,406 | +47.7% |
| Financial income | 75/76B | - | €500 | +€500 | |
| Recurring financial income | 75 | - | €500 | +€500 | |
| Financial charges | 65/66B | €866 | €1,326 | +€460 | +53.2% |
| Recurring financial charges | 65 | €866 | €1,326 | +€460 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €39,801 | €59,247 | +€19,446 | +48.9% |
| Income taxes | 67/77 | €8,505 | €12,338 | +€3,833 | +45.1% |
| Profit (loss) for the period | 9904 | €31,296 | €46,909 | +€15,613 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,296 | €46,909 | +€15,613 | +49.9% |
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 11 October 2026 via checked.be.