SASTAS-TAPASMAR: 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.
SASTAS-TAPASMAR
Largest movements
- Receivables within one year +€79,952
up €79,952 (+26.1%), from €306,764 to €386,716
of which Trade receivables: +€65,741
- Cash -€56,321
down €56,321 (-48.6%), from €115,974 to €59,654
mainly Receivables within one year (-€79,952) and Deferred charges and accrued income (-€399)
- Trade debts +€19,590
up €19,590 (+4.7%), from €416,192 to €435,782
- Gross operating margin +€5,015
up €5,015 (+504.5%), from €994 to €6,009
- Taxes +€1,121
up €1,121 (+265.6%), from €422 to €1,543
- Financial charges +€134
up €134 (+18.7%), from €718 to €852
- Financial income -€111
no longer reported in 2025 (was €111)
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.
Cash bridge derived
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 | €422,739 | €446,769 | +€24,030 | +5.7% |
| Current assets | 29/58 | €422,739 | €446,769 | +€24,030 | +5.7% |
| Amounts receivable within one year | 40/41 | €306,764 | €386,716 | +€79,952 | +26.1% |
| Trade receivables | 40 | €207,173 | €272,914 | +€65,741 | +31.7% |
| Other amounts receivable | 41 | €99,591 | €113,802 | +€14,211 | +14.3% |
| Cash at bank and in hand | 54/58 | €115,974 | €59,654 | -€56,321 | -48.6% |
| Deferred charges and accrued income | 490/1 | - | €399 | +€399 | |
| Total equity and liabilities | 10/49 | €422,739 | €446,769 | +€24,030 | +5.7% |
| Equity | 10/15 | €6,061 | €9,276 | +€3,214 | +53.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139 | €3,076 | +€3,214 | |
| Amounts payable | 17/49 | €416,678 | €437,493 | +€20,816 | +5.0% |
| Amounts payable within one year | 42/48 | €416,678 | €437,493 | +€20,816 | +5.0% |
| Trade debts | 44 | €416,192 | €435,782 | +€19,590 | +4.7% |
| Suppliers | 440/4 | €416,192 | €435,782 | +€19,590 | +4.7% |
| Taxes, remuneration and social security | 45 | - | €1,543 | +€1,543 | |
| Taxes | 450/3 | - | €1,543 | +€1,543 | |
| Other amounts payable | 47/48 | €486 | €168 | -€318 | -65.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €994 | €6,009 | +€5,015 | +504.5% |
| Operating profit (loss) | 9901 | €607 | €5,609 | +€5,003 | +824.6% |
| Financial income | 75/76B | €111 | - | -€111 | |
| Recurring financial income | 75 | €111 | - | -€111 | |
| Financial charges | 65/66B | €718 | €852 | +€134 | +18.7% |
| Recurring financial charges | 65 | €718 | €852 | +€134 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | - | €4,758 | +€4,758 | |
| Income taxes | 67/77 | €422 | €1,543 | +€1,121 | +265.6% |
| Profit (loss) for the period | 9904 | -€422 | €3,214 | +€3,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€422 | €3,214 | +€3,636 |
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.