SAPLING: 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.
SAPLING
Largest movements
- Cash +€16,023
up €16,023 (+19.5%), from €82,321 to €98,344
mainly Net result for the year (+€87,522) and Current investments (+€12,715)
- Receivables within one year +€15,137
up €15,137 (+162.1%), from €9,336 to €24,472
of which Trade receivables: +€18,753
- Current investments -€12,715
down €12,715 (-19.7%), from €64,620 to €51,904
- Receivables after one year -€5,626
down €5,626 (-11.9%), from €47,472 to €41,846
of which Trade receivables: -€47,472
- Tangible fixed assets -€3,975
down €3,975 (-31.4%), from €12,652 to €8,677
- Tax, wage and social debts +€11,704
up €11,704 (+71.8%), from €16,296 to €28,000
of which Taxes: +€14,502
- Reserves -€3,508
down €3,508 (-1.6%), from €216,724 to €213,216
of which Distributable reserves: -€3,508
- Gross operating margin +€53,092
up €53,092 (+71.3%), from €74,508 to €127,600
- Taxes +€18,180
up €18,180 (+102.7%), from €17,695 to €35,875
- Depreciation -€8,526
down €8,526 (-57.9%), from €14,714 to €6,189
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 | €236,342 | €243,260 | +€6,918 | +2.9% |
| Fixed assets | 21/28 | €12,652 | €8,677 | -€3,975 | -31.4% |
| Tangible fixed assets | 22/27 | €12,652 | €8,677 | -€3,975 | -31.4% |
| Plant, machinery and equipment | 23 | €2,888 | €1,821 | -€1,067 | -36.9% |
| Furniture and vehicles | 24 | €3,287 | €1,759 | -€1,529 | -46.5% |
| Other tangible fixed assets | 26 | €6,476 | €5,097 | -€1,379 | -21.3% |
| Current assets | 29/58 | €223,690 | €234,583 | +€10,893 | +4.9% |
| Amounts receivable after more than one year | 29 | €47,472 | €41,846 | -€5,626 | -11.9% |
| Trade receivables | 290 | €47,472 | - | -€47,472 | |
| Other amounts receivable | 291 | - | €41,846 | +€41,846 | |
| Amounts receivable within one year | 40/41 | €9,336 | €24,472 | +€15,137 | +162.1% |
| Trade receivables | 40 | - | €18,753 | +€18,753 | |
| Other amounts receivable | 41 | €9,336 | €5,719 | -€3,616 | -38.7% |
| Current investments | 50/53 | €64,620 | €51,904 | -€12,715 | -19.7% |
| Cash at bank and in hand | 54/58 | €82,321 | €98,344 | +€16,023 | +19.5% |
| Deferred charges and accrued income | 490/1 | €19,942 | €18,017 | -€1,925 | -9.7% |
| Total equity and liabilities | 10/49 | €236,342 | €243,260 | +€6,918 | +2.9% |
| Equity | 10/15 | €216,725 | €213,217 | -€3,508 | -1.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €216,724 | €213,216 | -€3,508 | -1.6% |
| Tax-exempt reserves | 132 | €2,443 | €2,443 | = | 0.0% |
| Distributable reserves | 133 | €214,281 | €210,773 | -€3,508 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €19,617 | €30,043 | +€10,425 | +53.1% |
| Amounts payable within one year | 42/48 | €19,617 | €30,043 | +€10,425 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €136 | - | -€136 | |
| Trade debts | 44 | €1,543 | €372 | -€1,171 | -75.9% |
| Suppliers | 440/4 | €1,543 | €372 | -€1,171 | -75.9% |
| Taxes, remuneration and social security | 45 | €16,296 | €28,000 | +€11,704 | +71.8% |
| Taxes | 450/3 | €13,498 | €28,000 | +€14,502 | +107.4% |
| Remuneration and social security | 454/9 | €2,798 | - | -€2,798 | |
| Other amounts payable | 47/48 | €1,642 | €1,671 | +€29 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,714 | €6,189 | -€8,526 | -57.9% |
| Other operating charges | 640/8 | €92 | €180 | +€87 | +94.3% |
| Gross operating margin | 9900 | €74,508 | €127,600 | +€53,092 | +71.3% |
| Operating profit (loss) | 9901 | €59,701 | €121,231 | +€61,530 | +103.1% |
| Financial income | 75/76B | €2,000 | €2,253 | +€254 | +12.7% |
| Recurring financial income | 75 | €2,000 | €2,253 | +€254 | +12.7% |
| Financial charges | 65/66B | €151 | €88 | -€63 | -41.7% |
| Recurring financial charges | 65 | €151 | €88 | -€63 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €61,550 | €123,397 | +€61,847 | +100.5% |
| Income taxes | 67/77 | €17,695 | €35,875 | +€18,180 | +102.7% |
| Profit (loss) for the period | 9904 | €43,855 | €87,522 | +€43,666 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,855 | €87,522 | +€43,666 | +99.6% |
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 12 October 2026 via checked.be.