SAPOU: 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.
SAPOU
Largest movements
- Receivables within one year -€3,778
down €3,778 (-19.4%), from €19,480 to €15,702
of which Other amounts receivable: -€3,307
- Tangible fixed assets -€2,104
down €2,104 (-8.6%), from €24,328 to €22,224
- Cash -€1,326
down €1,326 (-74.5%), from €1,781 to €455
- Debts after one year -€7,157
down €7,157 (-42.9%), from €16,690 to €9,533
- Turnover -€16,527
no longer reported in 2025 (was €16,527)
- Purchases and services -€11,802
no longer reported in 2025 (was €11,802)
- Gross operating margin -€8,067
down €8,067 (-66.4%), from €12,142 to €4,074
- Depreciation -€5,597
down €5,597 (-72.7%), from €7,701 to €2,104
- Financial charges -€1,057
down €1,057 (-81.6%), from €1,296 to €239
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,589 | €38,381 | -€7,208 | -15.8% |
| Fixed assets | 21/28 | €24,328 | €22,224 | -€2,104 | -8.6% |
| Tangible fixed assets | 22/27 | €24,328 | €22,224 | -€2,104 | -8.6% |
| Furniture and vehicles | 24 | €24,328 | €22,224 | -€2,104 | -8.6% |
| Current assets | 29/58 | €21,261 | €16,157 | -€5,104 | -24.0% |
| Amounts receivable within one year | 40/41 | €19,480 | €15,702 | -€3,778 | -19.4% |
| Trade receivables | 40 | €471 | - | -€471 | |
| Other amounts receivable | 41 | €19,009 | €15,702 | -€3,307 | -17.4% |
| Cash at bank and in hand | 54/58 | €1,781 | €455 | -€1,326 | -74.5% |
| Total equity and liabilities | 10/49 | €45,589 | €38,381 | -€7,208 | -15.8% |
| Equity | 10/15 | €20,264 | €20,264 | = | 0.0% |
| Contributions | 10/11 | €197 | €197 | = | 0.0% |
| Reserves | 13 | €935 | €935 | = | 0.0% |
| Non-distributable reserves | 130/1 | €935 | €935 | = | 0.0% |
| Reserves not available under the articles | 1311 | €935 | €935 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,132 | €19,132 | = | 0.0% |
| Amounts payable | 17/49 | €25,325 | €18,118 | -€7,208 | -28.5% |
| Amounts payable after more than one year | 17 | €16,690 | €9,533 | -€7,157 | -42.9% |
| Financial debts | 170/4 | €16,690 | €9,533 | -€7,157 | -42.9% |
| Amounts payable within one year | 42/48 | €8,635 | €8,584 | -€51 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €7,157 | €7,157 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,478 | €1,427 | -€51 | -3.4% |
| Taxes | 450/3 | €1,478 | €1,427 | -€51 | -3.4% |
| Turnover | 70 | €16,527 | - | -€16,527 | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,802 | - | -€11,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,701 | €2,104 | -€5,597 | -72.7% |
| Other operating charges | 640/8 | €1,125 | €1,014 | -€111 | -9.8% |
| Gross operating margin | 9900 | €12,142 | €4,074 | -€8,067 | -66.4% |
| Operating profit (loss) | 9901 | €3,316 | €957 | -€2,359 | -71.2% |
| Financial charges | 65/66B | €1,296 | €239 | -€1,057 | -81.6% |
| Recurring financial charges | 65 | €1,296 | €239 | -€1,057 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €2,020 | €718 | -€1,302 | -64.5% |
| Income taxes | 67/77 | €1,182 | €718 | -€464 | -39.3% |
| Profit (loss) for the period | 9904 | €838 | - | -€838 | |
| Profit (loss) for the period to be appropriated | 9905 | €838 | - | -€838 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.