SAPKIN: 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.
SAPKIN
Largest movements
- Cash +€32,637
up €32,637 (+200.7%), from €16,258 to €48,895
mainly Net result for the year (+€25,930) and Deferred charges and accrued income (+€7,010)
- Deferred charges and accrued income -€7,010
no longer reported in 2025 (was €7,010)
- Receivables within one year +€4,518
up €4,518 (+301.7%), from €1,498 to €6,016
of which Trade receivables: +€5,397
- Reserves +€23,000
up €23,000 (+117.9%), from €19,500 to €42,500
- Tax, wage and social debts +€2,550
up €2,550 (+56.9%), from €4,484 to €7,034
- Profit (loss) carried forward +€2,097
up €2,097 (+502.8%), from €417 to €2,513
- Trade debts +€1,691
up €1,691 (+5030.8%), from €34 to €1,725
- Other debts +€620
up €620 (+3854.4%), from €16 to €636
- Gross operating margin +€10,026
up €10,026 (+34.6%), from €28,941 to €38,967
- Taxes +€4,612
up €4,612 (+56.6%), from €8,145 to €12,758
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 | €25,650 | €55,608 | +€29,958 | +116.8% |
| Fixed assets | 21/28 | €885 | €698 | -€187 | -21.1% |
| Tangible fixed assets | 22/27 | €885 | €698 | -€187 | -21.1% |
| Furniture and vehicles | 24 | €885 | €698 | -€187 | -21.1% |
| Current assets | 29/58 | €24,765 | €54,910 | +€30,145 | +121.7% |
| Amounts receivable within one year | 40/41 | €1,498 | €6,016 | +€4,518 | +301.7% |
| Trade receivables | 40 | €51 | €5,448 | +€5,397 | +10582.2% |
| Other amounts receivable | 41 | €1,447 | €568 | -€879 | -60.8% |
| Cash at bank and in hand | 54/58 | €16,258 | €48,895 | +€32,637 | +200.7% |
| Deferred charges and accrued income | 490/1 | €7,010 | - | -€7,010 | |
| Total equity and liabilities | 10/49 | €25,650 | €55,608 | +€29,958 | +116.8% |
| Equity | 10/15 | €21,117 | €46,213 | +€25,097 | +118.8% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €19,500 | €42,500 | +€23,000 | +117.9% |
| Distributable reserves | 133 | €19,500 | €42,500 | +€23,000 | +117.9% |
| Profit (loss) carried forward | 14 | €417 | €2,513 | +€2,097 | +502.8% |
| Amounts payable | 17/49 | €4,534 | €9,395 | +€4,861 | +107.2% |
| Amounts payable within one year | 42/48 | €4,534 | €9,395 | +€4,861 | +107.2% |
| Trade debts | 44 | €34 | €1,725 | +€1,691 | +5030.8% |
| Suppliers | 440/4 | €34 | €1,725 | +€1,691 | +5030.8% |
| Taxes, remuneration and social security | 45 | €4,484 | €7,034 | +€2,550 | +56.9% |
| Taxes | 450/3 | €4,484 | €7,034 | +€2,550 | +56.9% |
| Other amounts payable | 47/48 | €16 | €636 | +€620 | +3854.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | €187 | +€136 | +268.7% |
| Gross operating margin | 9900 | €28,941 | €38,967 | +€10,026 | +34.6% |
| Operating profit (loss) | 9901 | €28,891 | €38,780 | +€9,889 | +34.2% |
| Financial income | 75/76B | €5 | €23 | +€18 | +398.9% |
| Recurring financial income | 75 | €5 | €23 | +€18 | +398.9% |
| Financial charges | 65/66B | - | €116 | +€116 | |
| Recurring financial charges | 65 | - | €116 | +€116 | |
| Profit (loss) for the period before taxes | 9903 | €28,895 | €38,687 | +€9,792 | +33.9% |
| Income taxes | 67/77 | €8,145 | €12,758 | +€4,612 | +56.6% |
| Profit (loss) for the period | 9904 | €20,750 | €25,930 | +€5,180 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,750 | €25,930 | +€5,180 | +25.0% |
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 3 October 2026 via checked.be.