SAPORINI: 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.
SAPORINI
Largest movements
- Stocks and contracts -€74,733
down €74,733 (-100%), from €74,733 to €0
- Receivables within one year +€36,192
up €36,192 (+49.5%), from €73,085 to €109,276
of which Trade receivables: +€48,159
- Tangible fixed assets -€30,913
down €30,913 (-25.9%), from €119,355 to €88,441
of which Furniture and vehicles: -€15,682
- Cash -€20,711
down €20,711 (-37.7%), from €54,952 to €34,241
mainly Net result for the year (-€110,848) and Receivables within one year (-€36,192)
- Profit (loss) carried forward -€110,848
down €110,848 (-77.1%), from -€143,803 to -€254,651
- Trade debts +€46,940
up €46,940 (+16.1%), from €291,034 to €337,974
- Debts after one year -€28,831
down €28,831 (-30.3%), from €95,029 to €66,198
- Tax, wage and social debts -€4,447
down €4,447 (-76.5%), from €5,817 to €1,369
of which Remuneration and social security: -€4,447
- Other debts +€3,564
new in 2025: €3,564
- Gross operating margin -€94,455
down €94,455, from €22,206 to -€72,249
- Staff costs -€42,684
down €42,684 (-89.5%), from €47,710 to €5,026
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 | €326,550 | €233,286 | -€93,264 | -28.6% |
| Formation expenses | 20 | €518 | €274 | -€244 | -47.2% |
| Fixed assets | 21/28 | €119,355 | €88,441 | -€30,913 | -25.9% |
| Tangible fixed assets | 22/27 | €119,355 | €88,441 | -€30,913 | -25.9% |
| Land and buildings | 22 | €32,894 | €28,064 | -€4,829 | -14.7% |
| Plant, machinery and equipment | 23 | €53,133 | €42,731 | -€10,403 | -19.6% |
| Furniture and vehicles | 24 | €33,328 | €17,646 | -€15,682 | -47.1% |
| Current assets | 29/58 | €206,677 | €144,571 | -€62,106 | -30.0% |
| Stocks and contracts in progress | 3 | €74,733 | €0 | -€74,733 | -100% |
| Stocks | 30/36 | €74,733 | €0 | -€74,733 | -100% |
| Amounts receivable within one year | 40/41 | €73,085 | €109,276 | +€36,192 | +49.5% |
| Trade receivables | 40 | €53,767 | €101,926 | +€48,159 | +89.6% |
| Other amounts receivable | 41 | €19,318 | €7,350 | -€11,968 | -62.0% |
| Cash at bank and in hand | 54/58 | €54,952 | €34,241 | -€20,711 | -37.7% |
| Deferred charges and accrued income | 490/1 | €3,907 | €1,053 | -€2,854 | -73.0% |
| Total equity and liabilities | 10/49 | €326,550 | €233,286 | -€93,264 | -28.6% |
| Equity | 10/15 | -€93,803 | -€204,651 | -€110,848 | -118% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,803 | -€254,651 | -€110,848 | -77.1% |
| Amounts payable | 17/49 | €420,353 | €437,937 | +€17,583 | +4.2% |
| Amounts payable after more than one year | 17 | €95,029 | €66,198 | -€28,831 | -30.3% |
| Financial debts | 170/4 | €95,029 | €66,198 | -€28,831 | -30.3% |
| Amounts payable within one year | 42/48 | €325,324 | €371,738 | +€46,414 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €28,474 | €28,831 | +€357 | +1.3% |
| Trade debts | 44 | €291,034 | €337,974 | +€46,940 | +16.1% |
| Suppliers | 440/4 | €291,034 | €337,974 | +€46,940 | +16.1% |
| Taxes, remuneration and social security | 45 | €5,817 | €1,369 | -€4,447 | -76.5% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €5,817 | €1,369 | -€4,447 | -76.5% |
| Other amounts payable | 47/48 | - | €3,564 | +€3,564 | |
| Remuneration, social security and pensions | 62 | €47,710 | €5,026 | -€42,684 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,158 | €31,158 | = | 0.0% |
| Other operating charges | 640/8 | €331 | €719 | +€388 | +117% |
| Gross operating margin | 9900 | €22,206 | -€72,249 | -€94,455 | |
| Operating profit (loss) | 9901 | -€56,993 | -€109,152 | -€52,159 | -91.5% |
| Financial income | 75/76B | €383 | €640 | +€256 | +66.9% |
| Recurring financial income | 75 | €383 | €640 | +€256 | +66.9% |
| Financial charges | 65/66B | €2,028 | €2,336 | +€308 | +15.2% |
| Recurring financial charges | 65 | €2,028 | €2,336 | +€308 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,638 | -€110,848 | -€52,210 | -89.0% |
| Profit (loss) for the period | 9904 | -€58,638 | -€110,848 | -€52,210 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,638 | -€110,848 | -€52,210 | -89.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.