C.M. SANIT: 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.
C.M. SANIT
Largest movements
- Cash -€65,268
down €65,268 (-46.2%), from €141,172 to €75,904
mainly Receivables within one year (-€54,619) and Tax, wage and social debts (-€28,637)
- Receivables within one year +€54,619
up €54,619 (+102%), from €53,598 to €108,217
of which Trade receivables: +€49,350
- Stocks and contracts +€26,217
up €26,217 (+206%), from €12,757 to €38,974
- Tangible fixed assets +€10,957
up €10,957 (+379%), from €2,893 to €13,850
of which Assets under construction and advance payments: +€7,672
- Advances received +€50,019
new in 2025: €50,019
- Tax, wage and social debts -€28,637
down €28,637 (-80.5%), from €35,561 to €6,924
- Reserves +€10,572
up €10,572 (+17.6%), from €60,000 to €70,572
- Trade debts -€5,574
down €5,574 (-16.5%), from €33,809 to €28,235
- Gross operating margin -€67,614
down €67,614 (-67.6%), from €99,984 to €32,370
- Taxes -€26,812
down €26,812 (-88.7%), from €30,237 to €3,424
- Write-downs +€8,114
new in 2025: €8,114
- Other operating charges +€2,221
up €2,221 (+105%), from €2,123 to €4,343
- Depreciation +€1,527
up €1,527 (+66.4%), from €2,299 to €3,826
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 | €216,636 | €244,319 | +€27,683 | +12.8% |
| Fixed assets | 21/28 | €8,795 | €19,650 | +€10,855 | +123% |
| Intangible fixed assets | 21 | €3,802 | €2,300 | -€1,502 | -39.5% |
| Tangible fixed assets | 22/27 | €2,893 | €13,850 | +€10,957 | +379% |
| Plant, machinery and equipment | 23 | €1,882 | €1,397 | -€485 | -25.8% |
| Furniture and vehicles | 24 | €1,011 | €4,781 | +€3,770 | +373% |
| Assets under construction and advance payments | 27 | - | €7,672 | +€7,672 | |
| Financial fixed assets | 28 | €2,100 | €3,500 | +€1,400 | +66.7% |
| Current assets | 29/58 | €207,841 | €224,669 | +€16,828 | +8.1% |
| Stocks and contracts in progress | 3 | €12,757 | €38,974 | +€26,217 | +206% |
| Stocks | 30/36 | €12,757 | €38,974 | +€26,217 | +206% |
| Amounts receivable within one year | 40/41 | €53,598 | €108,217 | +€54,619 | +102% |
| Trade receivables | 40 | €45,389 | €94,739 | +€49,350 | +109% |
| Other amounts receivable | 41 | €8,209 | €13,478 | +€5,269 | +64.2% |
| Cash at bank and in hand | 54/58 | €141,172 | €75,904 | -€65,268 | -46.2% |
| Deferred charges and accrued income | 490/1 | €314 | €1,575 | +€1,261 | +402% |
| Total equity and liabilities | 10/49 | €216,636 | €244,319 | +€27,683 | +12.8% |
| Equity | 10/15 | €146,829 | €157,401 | +€10,572 | +7.2% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Reserves | 13 | €60,000 | €70,572 | +€10,572 | +17.6% |
| Distributable reserves | 133 | €60,000 | €70,572 | +€10,572 | +17.6% |
| Profit (loss) carried forward | 14 | €69,329 | €69,329 | = | 0.0% |
| Amounts payable | 17/49 | €69,807 | €86,918 | +€17,111 | +24.5% |
| Amounts payable within one year | 42/48 | €69,370 | €86,918 | +€17,549 | +25.3% |
| Trade debts | 44 | €33,809 | €28,235 | -€5,574 | -16.5% |
| Suppliers | 440/4 | €33,809 | €28,235 | -€5,574 | -16.5% |
| Advances received on contracts in progress | 46 | - | €50,019 | +€50,019 | |
| Taxes, remuneration and social security | 45 | €35,561 | €6,924 | -€28,637 | -80.5% |
| Taxes | 450/3 | €35,561 | €6,924 | -€28,637 | -80.5% |
| Other amounts payable | 47/48 | - | €1,741 | +€1,741 | |
| Accrued charges and deferred income | 492/3 | €438 | - | -€438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299 | €3,826 | +€1,527 | +66.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,114 | +€8,114 | |
| Other operating charges | 640/8 | €2,123 | €4,343 | +€2,221 | +105% |
| Non-recurring operating charges | 66A | €8 | €310 | +€302 | +3,586% |
| Gross operating margin | 9900 | €99,984 | €32,370 | -€67,614 | -67.6% |
| Operating profit (loss) | 9901 | €95,554 | €15,776 | -€79,778 | -83.5% |
| Financial income | 75/76B | €0 | €105 | +€104 | +43,442% |
| Recurring financial income | 75 | €0 | €105 | +€104 | +43,442% |
| Financial charges | 65/66B | €448 | €1,885 | +€1,437 | +321% |
| Recurring financial charges | 65 | €448 | €1,885 | +€1,437 | +321% |
| Profit (loss) for the period before taxes | 9903 | €95,107 | €13,996 | -€81,110 | -85.3% |
| Income taxes | 67/77 | €30,237 | €3,424 | -€26,812 | -88.7% |
| Profit (loss) for the period | 9904 | €64,870 | €10,572 | -€54,298 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,870 | €10,572 | -€54,298 | -83.7% |
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 30 October 2026 via checked.be.