SAPORE: 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.
SAPORE
Largest movements
- Cash +€45,938
up €45,938 (+78.6%), from €58,474 to €104,413
mainly Net result for the year (+€42,761) and Depreciation (+€16,156)
- Tangible fixed assets -€16,156
down €16,156 (-48.2%), from €33,507 to €17,351
of which Plant, machinery and equipment: -€8,483
- Receivables within one year +€2,869
up €2,869 (+10.6%), from €27,090 to €29,958
of which Trade receivables: +€1,793
- Reserves +€42,761
up €42,761 (+78.6%), from €54,384 to €97,145
of which Distributable reserves: +€42,761
- Trade debts -€21,988
down €21,988 (-71.1%), from €30,911 to €8,922
- Tax, wage and social debts +€9,691
up €9,691 (+50.0%), from €19,390 to €29,081
of which Taxes: +€9,342
- Accrued charges and deferred income +€2,700
new in 2025: €2,700
- Gross operating margin +€40,726
up €40,726 (+27.2%), from €149,505 to €190,231
- Taxes +€11,995
up €11,995 (+480%), from €2,500 to €14,495
- Staff costs -€7,692
down €7,692 (-6.5%), from €118,228 to €110,536
- Financial charges +€3,232
up €3,232 (+108%), from €2,981 to €6,213
- Depreciation -€2,275
down €2,275 (-12.3%), from €18,431 to €16,156
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.
Derived cash bridge
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 | €123,285 | €156,449 | +€33,163 | +26.9% |
| Fixed assets | 21/28 | €33,507 | €17,351 | -€16,156 | -48.2% |
| Tangible fixed assets | 22/27 | €33,507 | €17,351 | -€16,156 | -48.2% |
| Plant, machinery and equipment | 23 | €25,151 | €16,668 | -€8,483 | -33.7% |
| Furniture and vehicles | 24 | €8,356 | €683 | -€7,673 | -91.8% |
| Current assets | 29/58 | €89,778 | €139,098 | +€49,320 | +54.9% |
| Stocks and contracts in progress | 3 | €4,214 | €4,727 | +€513 | +12.2% |
| Stocks | 30/36 | €4,214 | €4,727 | +€513 | +12.2% |
| Amounts receivable within one year | 40/41 | €27,090 | €29,958 | +€2,869 | +10.6% |
| Trade receivables | 40 | - | €1,793 | +€1,793 | |
| Other amounts receivable | 41 | €27,090 | €28,166 | +€1,076 | +4.0% |
| Cash at bank and in hand | 54/58 | €58,474 | €104,413 | +€45,938 | +78.6% |
| Total equity and liabilities | 10/49 | €123,285 | €156,449 | +€33,163 | +26.9% |
| Equity | 10/15 | €72,984 | €115,745 | +€42,761 | +58.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,384 | €97,145 | +€42,761 | +78.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,524 | €95,285 | +€42,761 | +81.4% |
| Amounts payable | 17/49 | €50,301 | €40,703 | -€9,597 | -19.1% |
| Amounts payable within one year | 42/48 | €50,301 | €38,003 | -€12,297 | -24.4% |
| Trade debts | 44 | €30,911 | €8,922 | -€21,988 | -71.1% |
| Suppliers | 440/4 | €30,911 | €8,922 | -€21,988 | -71.1% |
| Taxes, remuneration and social security | 45 | €19,390 | €29,081 | +€9,691 | +50.0% |
| Taxes | 450/3 | €13,966 | €23,308 | +€9,342 | +66.9% |
| Remuneration and social security | 454/9 | €5,424 | €5,773 | +€349 | +6.4% |
| Accrued charges and deferred income | 492/3 | - | €2,700 | +€2,700 | |
| Remuneration, social security and pensions | 62 | €118,228 | €110,536 | -€7,692 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,431 | €16,156 | -€2,275 | -12.3% |
| Other operating charges | 640/8 | €1,909 | €1,202 | -€708 | -37.1% |
| Gross operating margin | 9900 | €149,505 | €190,231 | +€40,726 | +27.2% |
| Operating profit (loss) | 9901 | €10,937 | €62,337 | +€51,401 | +470% |
| Financial income | 75/76B | - | €1,132 | +€1,132 | |
| Recurring financial income | 75 | - | €1,132 | +€1,132 | |
| Financial charges | 65/66B | €2,981 | €6,213 | +€3,232 | +108% |
| Recurring financial charges | 65 | €2,981 | €6,213 | +€3,232 | +108% |
| Profit (loss) for the period before taxes | 9903 | €7,955 | €57,256 | +€49,300 | +620% |
| Income taxes | 67/77 | €2,500 | €14,495 | +€11,995 | +480% |
| Profit (loss) for the period | 9904 | €5,455 | €42,761 | +€37,306 | +684% |
| Profit (loss) for the period to be appropriated | 9905 | €5,455 | €42,761 | +€37,306 | +684% |
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 30 October 2026 via checked.be.