SPUTNIK: 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.
SPUTNIK
Largest movements
- Receivables within one year -€1,390
down €1,390 (-64.6%), from €2,153 to €763
of which Other amounts receivable: -€1,367
- Cash +€599
up €599 (+23.2%), from €2,580 to €3,179
mainly Other debts (+€4,394) and Trade debts (+€1,394)
- Tangible fixed assets +€365
up €365 (+98.3%), from €372 to €737
- Deferred charges and accrued income -€361
down €361 (-38.3%), from €944 to €583
- Profit (loss) carried forward -€6,615
down €6,615 (-13.9%), from -€47,607 to -€54,221
- Other debts +€4,394
up €4,394 (+277%), from €1,586 to €5,980
- Trade debts +€1,394
up €1,394 (+724%), from €193 to €1,587
- Gross operating margin -€21,403
down €21,403, from €17,007 to -€4,396
- Financial charges -€309
down €309 (-49.8%), from €621 to €312
- Other operating charges +€174
up €174 (+14.0%), from €1,240 to €1,414
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 | €6,048 | €5,262 | -€787 | -13.0% |
| Fixed assets | 21/28 | €372 | €737 | +€365 | +98.3% |
| Tangible fixed assets | 22/27 | €372 | €737 | +€365 | +98.3% |
| Furniture and vehicles | 24 | €372 | €737 | +€365 | +98.3% |
| Current assets | 29/58 | €5,677 | €4,524 | -€1,152 | -20.3% |
| Amounts receivable within one year | 40/41 | €2,153 | €763 | -€1,390 | -64.6% |
| Trade receivables | 40 | €786 | €763 | -€23 | -2.9% |
| Other amounts receivable | 41 | €1,367 | €0 | -€1,367 | -100% |
| Cash at bank and in hand | 54/58 | €2,580 | €3,179 | +€599 | +23.2% |
| Deferred charges and accrued income | 490/1 | €944 | €583 | -€361 | -38.3% |
| Total equity and liabilities | 10/49 | €6,048 | €5,262 | -€787 | -13.0% |
| Equity | 10/15 | -€7,147 | -€13,761 | -€6,615 | -92.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,607 | -€54,221 | -€6,615 | -13.9% |
| Amounts payable | 17/49 | €13,195 | €19,023 | +€5,828 | +44.2% |
| Amounts payable after more than one year | 17 | €11,000 | €11,000 | = | 0.0% |
| Other amounts payable | 178/9 | €11,000 | €11,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,170 | €7,998 | +€5,828 | +269% |
| Financial debts | 43 | €87 | €111 | +€24 | +27.7% |
| Credit institutions | 430/8 | €87 | €111 | +€24 | +27.7% |
| Trade debts | 44 | €193 | €1,587 | +€1,394 | +724% |
| Suppliers | 440/4 | €193 | €1,587 | +€1,394 | +724% |
| Taxes, remuneration and social security | 45 | €304 | €320 | +€16 | +5.2% |
| Taxes | 450/3 | €304 | €320 | +€16 | +5.2% |
| Other amounts payable | 47/48 | €1,586 | €5,980 | +€4,394 | +277% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €370 | +€13 | +3.6% |
| Other operating charges | 640/8 | €1,240 | €1,414 | +€174 | +14.0% |
| Gross operating margin | 9900 | €17,007 | -€4,396 | -€21,403 | |
| Operating profit (loss) | 9901 | €15,411 | -€6,179 | -€21,590 | |
| Financial income | 75/76B | €41 | €12 | -€28 | -70.0% |
| Recurring financial income | 75 | €41 | €12 | -€28 | -70.0% |
| Financial charges | 65/66B | €621 | €312 | -€309 | -49.8% |
| Recurring financial charges | 65 | €621 | €312 | -€309 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €14,830 | -€6,479 | -€21,309 | |
| Income taxes | 67/77 | €300 | €136 | -€164 | -54.7% |
| Profit (loss) for the period | 9904 | €14,531 | -€6,615 | -€21,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,531 | -€6,615 | -€21,145 |
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.