SAPOPHIL: 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.
SAPOPHIL
Largest movements
- Cash +€37,444
up €37,444 (+148.5%), from €25,223 to €62,666
mainly Depreciation (+€25,107) and Debts after one year (+€21,035)
- Tangible fixed assets -€25,107
down €25,107 (-4.6%), from €540,954 to €515,847
of which Land and buildings: -€16,790
- Debts after one year +€21,035
up €21,035 (+2.7%), from €791,989 to €813,025
- Reserves -€15,078
down €15,078 (-11.0%), from €136,503 to €121,425
of which Tax-exempt reserves: -€15,078
- Profit (loss) carried forward +€11,375
up €11,375 (+2.6%), from -€437,320 to -€425,945
- Provisions -€7,764
down €7,764 (-11.8%), from €65,616 to €57,852
- Gross operating margin +€8,716
up €8,716 (+78.0%), from €11,181 to €19,897
- Other operating charges +€717
up €717 (+12.9%), from €5,540 to €6,257
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 | €576,779 | €587,516 | +€10,737 | +1.9% |
| Fixed assets | 21/28 | €547,531 | €522,425 | -€25,107 | -4.6% |
| Tangible fixed assets | 22/27 | €540,954 | €515,847 | -€25,107 | -4.6% |
| Land and buildings | 22 | €410,068 | €393,278 | -€16,790 | -4.1% |
| Plant, machinery and equipment | 23 | €130,444 | €122,379 | -€8,064 | -6.2% |
| Furniture and vehicles | 24 | €442 | €189 | -€252 | -57.1% |
| Financial fixed assets | 28 | €6,578 | €6,578 | = | 0.0% |
| Current assets | 29/58 | €29,248 | €65,092 | +€35,844 | +122.6% |
| Amounts receivable within one year | 40/41 | €2,241 | €410 | -€1,831 | -81.7% |
| Other amounts receivable | 41 | €2,241 | €410 | -€1,831 | -81.7% |
| Cash at bank and in hand | 54/58 | €25,223 | €62,666 | +€37,444 | +148.5% |
| Deferred charges and accrued income | 490/1 | €1,784 | €2,015 | +€231 | +13.0% |
| Total equity and liabilities | 10/49 | €576,779 | €587,516 | +€10,737 | +1.9% |
| Equity | 10/15 | -€282,225 | -€285,928 | -€3,703 | -1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €136,503 | €121,425 | -€15,078 | -11.0% |
| Non-distributable reserves | 130/1 | €1,010 | €1,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,010 | €1,010 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,485 | €112,406 | -€15,078 | -11.8% |
| Distributable reserves | 133 | €8,009 | €8,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€437,320 | -€425,945 | +€11,375 | +2.6% |
| Provisions and deferred taxes | 16 | €65,616 | €57,852 | -€7,764 | -11.8% |
| Deferred taxes | 168 | €65,616 | €57,852 | -€7,764 | -11.8% |
| Amounts payable | 17/49 | €793,388 | €815,592 | +€22,204 | +2.8% |
| Amounts payable after more than one year | 17 | €791,989 | €813,025 | +€21,035 | +2.7% |
| Financial debts | 170/4 | €791,989 | €813,025 | +€21,035 | +2.7% |
| Amounts payable within one year | 42/48 | €1,399 | €2,567 | +€1,169 | +83.6% |
| Trade debts | 44 | €1,399 | €2,567 | +€1,169 | +83.6% |
| Suppliers | 440/4 | €1,399 | €2,567 | +€1,169 | +83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,107 | €25,107 | = | 0.0% |
| Other operating charges | 640/8 | €5,540 | €6,257 | +€717 | +12.9% |
| Gross operating margin | 9900 | €11,181 | €19,897 | +€8,716 | +78.0% |
| Operating profit (loss) | 9901 | -€19,466 | -€11,467 | +€7,999 | +41.1% |
| Financial charges | 65/66B | €39 | - | -€39 | |
| Recurring financial charges | 65 | €39 | - | -€39 | |
| Profit (loss) for the period before taxes | 9903 | -€19,505 | -€11,467 | +€8,038 | +41.2% |
| Transfer from deferred taxes | 780 | - | €7,764 | +€7,764 | |
| Profit (loss) for the period | 9904 | -€19,505 | -€3,703 | +€15,802 | +81.0% |
| Transfer from tax-exempt reserves | 789 | - | €15,078 | +€15,078 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,505 | €11,375 | +€30,880 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.