SAPPHIRE: 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.
SAPPHIRE
Largest movements
- Tangible fixed assets -€639
down €639 (-32.9%), from €1,940 to €1,301
of which Other tangible fixed assets: -€330
- Receivables within one year -€36
down €36 (-4.2%), from €855 to €819
- Profit (loss) carried forward -€10,459
down €10,459 (-10.7%), from -€97,425 to -€107,884
- Other debts +€10,070
up €10,070 (+17.3%), from €58,120 to €68,190
- Short-term financial debts +€6,000
new in 2025: €6,000
- Debts after one year -€5,637
no longer reported in 2025 (was €5,637)
- Trade debts -€582
down €582 (-23.6%), from €2,468 to €1,886
- Gross operating margin +€4,735
up €4,735 (+35.2%), from -€13,443 to -€8,708
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 | €2,799 | €2,120 | -€679 | -24.2% |
| Fixed assets | 21/28 | €1,940 | €1,301 | -€639 | -32.9% |
| Tangible fixed assets | 22/27 | €1,940 | €1,301 | -€639 | -32.9% |
| Furniture and vehicles | 24 | €618 | €309 | -€309 | -50.0% |
| Other tangible fixed assets | 26 | €1,322 | €992 | -€330 | -25.0% |
| Current assets | 29/58 | €859 | €819 | -€40 | -4.6% |
| Amounts receivable within one year | 40/41 | €855 | €819 | -€36 | -4.2% |
| Other amounts receivable | 41 | €855 | €819 | -€36 | -4.2% |
| Cash at bank and in hand | 54/58 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €2,799 | €2,120 | -€679 | -24.2% |
| Equity | 10/15 | -€63,497 | -€73,956 | -€10,459 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,328 | €15,328 | -€0 | 0.0% |
| 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 | €13,468 | €13,468 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€97,425 | -€107,884 | -€10,459 | -10.7% |
| Amounts payable | 17/49 | €66,296 | €76,076 | +€9,780 | +14.8% |
| Amounts payable after more than one year | 17 | €5,637 | - | -€5,637 | |
| Other amounts payable | 178/9 | €5,637 | - | -€5,637 | |
| Amounts payable within one year | 42/48 | €60,659 | €76,076 | +€15,417 | +25.4% |
| Financial debts | 43 | - | €6,000 | +€6,000 | |
| Other loans | 439 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €2,468 | €1,886 | -€582 | -23.6% |
| Suppliers | 440/4 | €2,468 | €1,886 | -€582 | -23.6% |
| Taxes, remuneration and social security | 45 | €70 | - | -€70 | |
| Taxes | 450/3 | €70 | - | -€70 | |
| Other amounts payable | 47/48 | €58,120 | €68,190 | +€10,070 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639 | €639 | -€0 | -0.1% |
| Gross operating margin | 9900 | -€13,443 | -€8,708 | +€4,735 | +35.2% |
| Operating profit (loss) | 9901 | -€14,082 | -€9,347 | +€4,735 | +33.6% |
| Financial charges | 65/66B | €1,148 | €1,108 | -€40 | -3.5% |
| Recurring financial charges | 65 | €1,148 | €1,108 | -€40 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,230 | -€10,455 | +€4,775 | +31.4% |
| Income taxes | 67/77 | €70 | €4 | -€66 | -94.3% |
| Profit (loss) for the period | 9904 | -€15,300 | -€10,459 | +€4,841 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,300 | -€10,459 | +€4,841 | +31.6% |
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 14 October 2026 via checked.be.