Saptividade: 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.
Saptividade
Largest movements
- Receivables after one year -€52,500
no longer reported in 2025 (was €52,500)
- Receivables within one year +€46,505
up €46,505 (+61.1%), from €76,138 to €122,643
of which Other amounts receivable: +€31,794
- Cash +€2,956
up €2,956 (+18.7%), from €15,842 to €18,798
mainly Other debts (+€89,000) and Receivables after one year (+€52,500)
- Reserves -€98,581
down €98,581 (-70.5%), from €139,755 to €41,173
- Other debts +€89,000
new in 2025: €89,000
- Tax, wage and social debts +€9,586
up €9,586 (+502%), from €1,911 to €11,497
- Current portion of long-term debt -€3,755
down €3,755 (-92.2%), from €4,072 to €317
- Gross operating margin +€13,806
up €13,806 (+32.0%), from €43,182 to €56,988
- Financial charges +€1,458
up €1,458 (+59.9%), from €2,436 to €3,894
- Depreciation -€1,312
down €1,312 (-62.0%), from €2,116 to €804
- Taxes +€1,246
up €1,246 (+12.8%), from €9,766 to €11,012
- Other operating charges +€913
new in 2025: €913
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 | €150,871 | €147,085 | -€3,787 | -2.5% |
| Fixed assets | 21/28 | €6,391 | €5,587 | -€804 | -12.6% |
| Tangible fixed assets | 22/27 | €6,391 | €5,587 | -€804 | -12.6% |
| Plant, machinery and equipment | 23 | €6,391 | €5,587 | -€804 | -12.6% |
| Current assets | 29/58 | €144,480 | €141,498 | -€2,982 | -2.1% |
| Amounts receivable after more than one year | 29 | €52,500 | - | -€52,500 | |
| Other amounts receivable | 291 | €52,500 | - | -€52,500 | |
| Amounts receivable within one year | 40/41 | €76,138 | €122,643 | +€46,505 | +61.1% |
| Trade receivables | 40 | €10,903 | €25,613 | +€14,710 | +135% |
| Other amounts receivable | 41 | €65,235 | €97,029 | +€31,794 | +48.7% |
| Cash at bank and in hand | 54/58 | €15,842 | €18,798 | +€2,956 | +18.7% |
| Deferred charges and accrued income | 490/1 | - | €57 | +€57 | |
| Total equity and liabilities | 10/49 | €150,871 | €147,085 | -€3,787 | -2.5% |
| Equity | 10/15 | €144,755 | €46,173 | -€98,581 | -68.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €139,755 | €41,173 | -€98,581 | -70.5% |
| Distributable reserves | 133 | €139,755 | €41,173 | -€98,581 | -70.5% |
| Amounts payable | 17/49 | €6,116 | €100,911 | +€94,795 | +1,550% |
| Amounts payable within one year | 42/48 | €6,116 | €100,911 | +€94,795 | +1,550% |
| Current portion of amounts payable after more than one year | 42 | €4,072 | €317 | -€3,755 | -92.2% |
| Trade debts | 44 | €134 | €97 | -€36 | -27.1% |
| Suppliers | 440/4 | €134 | €97 | -€36 | -27.1% |
| Taxes, remuneration and social security | 45 | €1,911 | €11,497 | +€9,586 | +502% |
| Taxes | 450/3 | €1,911 | €11,497 | +€9,586 | +502% |
| Other amounts payable | 47/48 | - | €89,000 | +€89,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,116 | €804 | -€1,312 | -62.0% |
| Other operating charges | 640/8 | - | €913 | +€913 | |
| Gross operating margin | 9900 | €43,182 | €56,988 | +€13,806 | +32.0% |
| Operating profit (loss) | 9901 | €41,066 | €55,271 | +€14,205 | +34.6% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €2,436 | €3,894 | +€1,458 | +59.9% |
| Recurring financial charges | 65 | €2,436 | €3,894 | +€1,458 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €38,630 | €51,431 | +€12,800 | +33.1% |
| Income taxes | 67/77 | €9,766 | €11,012 | +€1,246 | +12.8% |
| Profit (loss) for the period | 9904 | €28,864 | €40,419 | +€11,554 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,864 | €40,419 | +€11,554 | +40.0% |
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.