SAPOLISTIC: 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.
SAPOLISTIC
Largest movements
- Cash -€40,649
down €40,649 (-68.3%), from €59,483 to €18,834
mainly Contributions, distributions and other (-€17,650) and Receivables within one year (-€15,655)
- Receivables within one year +€15,655
up €15,655 (+76.3%), from €20,518 to €36,173
- Deferred charges and accrued income +€1,632
up €1,632 (+96.4%), from €1,692 to €3,323
- Profit (loss) carried forward -€17,528
down €17,528 (-29.8%), from €58,809 to €41,281
- Tax, wage and social debts -€5,055
down €5,055 (-29.5%), from €17,133 to €12,078
of which Remuneration and social security: -€4,049
- Other debts -€1,660
down €1,660 (-99.7%), from €1,665 to €5
- Gross operating margin -€18,963
down €18,963 (-75.2%), from €25,209 to €6,246
- Taxes -€1,276
down €1,276 (-24.1%), from €5,284 to €4,008
- Other operating charges +€335
up €335 (+519.8%), from €64 to €400
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,211 | €62,352 | -€23,859 | -27.7% |
| Fixed assets | 21/28 | €4,519 | €4,023 | -€496 | -11.0% |
| Tangible fixed assets | 22/27 | €4,519 | €4,023 | -€496 | -11.0% |
| Plant, machinery and equipment | 23 | €2,218 | €2,595 | +€377 | +17.0% |
| Furniture and vehicles | 24 | €2,301 | €1,428 | -€873 | -37.9% |
| Current assets | 29/58 | €81,693 | €58,330 | -€23,363 | -28.6% |
| Amounts receivable within one year | 40/41 | €20,518 | €36,173 | +€15,655 | +76.3% |
| Trade receivables | 40 | €20,518 | €36,173 | +€15,655 | +76.3% |
| Cash at bank and in hand | 54/58 | €59,483 | €18,834 | -€40,649 | -68.3% |
| Deferred charges and accrued income | 490/1 | €1,692 | €3,323 | +€1,632 | +96.4% |
| Total equity and liabilities | 10/49 | €86,211 | €62,352 | -€23,859 | -27.7% |
| Equity | 10/15 | €66,809 | €49,281 | -€17,528 | -26.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,809 | €41,281 | -€17,528 | -29.8% |
| Amounts payable | 17/49 | €19,402 | €13,071 | -€6,331 | -32.6% |
| Amounts payable within one year | 42/48 | €19,312 | €13,071 | -€6,241 | -32.3% |
| Trade debts | 44 | €514 | €988 | +€474 | +92.2% |
| Suppliers | 440/4 | €514 | €988 | +€474 | +92.2% |
| Taxes, remuneration and social security | 45 | €17,133 | €12,078 | -€5,055 | -29.5% |
| Taxes | 450/3 | €12,251 | €11,245 | -€1,006 | -8.2% |
| Remuneration and social security | 454/9 | €4,882 | €833 | -€4,049 | -82.9% |
| Other amounts payable | 47/48 | €1,665 | €5 | -€1,660 | -99.7% |
| Accrued charges and deferred income | 492/3 | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,766 | €1,623 | -€143 | -8.1% |
| Other operating charges | 640/8 | €64 | €400 | +€335 | +519.8% |
| Gross operating margin | 9900 | €25,209 | €6,246 | -€18,963 | -75.2% |
| Operating profit (loss) | 9901 | €23,378 | €4,223 | -€19,155 | -81.9% |
| Financial charges | 65/66B | €32 | €93 | +€61 | +192.1% |
| Recurring financial charges | 65 | €32 | €93 | +€61 | +192.1% |
| Profit (loss) for the period before taxes | 9903 | €23,347 | €4,130 | -€19,216 | -82.3% |
| Income taxes | 67/77 | €5,284 | €4,008 | -€1,276 | -24.1% |
| Profit (loss) for the period | 9904 | €18,062 | €122 | -€17,940 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,062 | €122 | -€17,940 | -99.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.