SAPSTROOM: 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.
SAPSTROOM
Largest movements
- Cash +€20,299
up €20,299 (+10.9%), from €186,572 to €206,871
mainly Receivables within one year (+€11,032) and Trade debts (+€9,951)
- Receivables within one year -€11,032
down €11,032 (-13.1%), from €84,508 to €73,476
of which Trade receivables: -€15,037
- Trade debts +€9,951
up €9,951 (+11.1%), from €89,483 to €99,434
- Gross operating margin +€1,735
up €1,735 (+61.1%), from €2,838 to €4,573
- Taxes +€547
up €547 (+48.1%), from €1,137 to €1,684
- Financial charges -€342
down €342 (-58.6%), from €583 to €241
- Depreciation -€204
down €204 (-23.4%), from €872 to €669
- Financial income +€201
up €201 (+44.7%), from €451 to €652
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 | €272,735 | €282,104 | +€9,369 | +3.4% |
| Fixed assets | 21/28 | €889 | €220 | -€669 | -75.2% |
| Tangible fixed assets | 22/27 | €889 | €220 | -€669 | -75.2% |
| Furniture and vehicles | 24 | €889 | €220 | -€669 | -75.2% |
| Current assets | 29/58 | €271,846 | €281,883 | +€10,038 | +3.7% |
| Amounts receivable within one year | 40/41 | €84,508 | €73,476 | -€11,032 | -13.1% |
| Trade receivables | 40 | €84,508 | €69,472 | -€15,037 | -17.8% |
| Other amounts receivable | 41 | €0 | €4,004 | +€4,004 | |
| Cash at bank and in hand | 54/58 | €186,572 | €206,871 | +€20,299 | +10.9% |
| Deferred charges and accrued income | 490/1 | €765 | €1,536 | +€771 | +101% |
| Total equity and liabilities | 10/49 | €272,735 | €282,104 | +€9,369 | +3.4% |
| Equity | 10/15 | €179,898 | €181,990 | +€2,092 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €161,298 | €163,390 | +€2,092 | +1.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €161,298 | €163,390 | +€2,092 | +1.3% |
| Amounts payable | 17/49 | €92,837 | €100,114 | +€7,277 | +7.8% |
| Amounts payable within one year | 42/48 | €92,837 | €100,114 | +€7,277 | +7.8% |
| Financial debts | 43 | €0 | €100 | +€100 | |
| Credit institutions | 430/8 | €0 | €100 | +€100 | |
| Trade debts | 44 | €89,483 | €99,434 | +€9,951 | +11.1% |
| Suppliers | 440/4 | €89,483 | €99,434 | +€9,951 | +11.1% |
| Taxes, remuneration and social security | 45 | €2,785 | €0 | -€2,785 | -100% |
| Taxes | 450/3 | €2,785 | €0 | -€2,785 | -100% |
| Other amounts payable | 47/48 | €569 | €580 | +€11 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €872 | €669 | -€204 | -23.4% |
| Other operating charges | 640/8 | €525 | €539 | +€14 | +2.7% |
| Gross operating margin | 9900 | €2,838 | €4,573 | +€1,735 | +61.1% |
| Operating profit (loss) | 9901 | €1,440 | €3,365 | +€1,924 | +134% |
| Financial income | 75/76B | €451 | €652 | +€201 | +44.7% |
| Recurring financial income | 75 | €451 | €652 | +€201 | +44.7% |
| Financial charges | 65/66B | €583 | €241 | -€342 | -58.6% |
| Recurring financial charges | 65 | €583 | €241 | -€342 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €1,308 | €3,775 | +€2,467 | +189% |
| Income taxes | 67/77 | €1,137 | €1,684 | +€547 | +48.1% |
| Profit (loss) for the period | 9904 | €171 | €2,092 | +€1,921 | +1,124% |
| Profit (loss) for the period to be appropriated | 9905 | €171 | €2,092 | +€1,921 | +1,124% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.