Dr. Sannen G.: 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.
Dr. Sannen G.
Largest movements
- Cash +€165,230
up €165,230 (+142%), from €116,673 to €281,903
mainly Other debts (+€359,750) and Net result for the year (+€193,500)
- Current investments +€35,713
up €35,713 (+10.4%), from €341,938 to €377,651
- Receivables within one year +€17,355
up €17,355 (+31.6%), from €54,952 to €72,307
of which Other amounts receivable: +€19,873
- Tangible fixed assets -€9,994
down €9,994 (-30.9%), from €32,329 to €22,336
of which Furniture and vehicles: -€9,272
- Other debts +€359,750
new in 2025: €359,750
- Reserves -€166,250
down €166,250 (-24.9%), from €668,803 to €502,553
- Tax, wage and social debts +€17,025
up €17,025 (+33.3%), from €51,157 to €68,181
- Financial income +€10,657
up €10,657 (+88.4%), from €12,050 to €22,707
- Taxes +€4,904
up €4,904 (+6.0%), from €81,255 to €86,159
- Gross operating margin +€4,627
up €4,627 (+1.7%), from €269,781 to €274,408
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 | €726,189 | €935,485 | +€209,296 | +28.8% |
| Fixed assets | 21/28 | €32,329 | €22,336 | -€9,994 | -30.9% |
| Tangible fixed assets | 22/27 | €32,329 | €22,336 | -€9,994 | -30.9% |
| Land and buildings | 22 | €771 | €578 | -€193 | -25.0% |
| Plant, machinery and equipment | 23 | €1,561 | €1,033 | -€529 | -33.9% |
| Furniture and vehicles | 24 | €29,997 | €20,725 | -€9,272 | -30.9% |
| Current assets | 29/58 | €693,860 | €913,149 | +€219,290 | +31.6% |
| Amounts receivable after more than one year | 29 | €150,550 | €150,550 | = | 0.0% |
| Trade receivables | 290 | €550 | €550 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,952 | €72,307 | +€17,355 | +31.6% |
| Trade receivables | 40 | €2,518 | - | -€2,518 | |
| Other amounts receivable | 41 | €52,434 | €72,307 | +€19,873 | +37.9% |
| Current investments | 50/53 | €341,938 | €377,651 | +€35,713 | +10.4% |
| Cash at bank and in hand | 54/58 | €116,673 | €281,903 | +€165,230 | +142% |
| Deferred charges and accrued income | 490/1 | €29,746 | €30,738 | +€992 | +3.3% |
| Total equity and liabilities | 10/49 | €726,189 | €935,485 | +€209,296 | +28.8% |
| Equity | 10/15 | €673,803 | €507,553 | -€166,250 | -24.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €668,803 | €502,553 | -€166,250 | -24.9% |
| Distributable reserves | 133 | €668,803 | €502,553 | -€166,250 | -24.9% |
| Amounts payable | 17/49 | €52,386 | €427,931 | +€375,546 | +717% |
| Amounts payable within one year | 42/48 | €52,386 | €427,931 | +€375,546 | +717% |
| Trade debts | 44 | €1,229 | - | -€1,229 | |
| Suppliers | 440/4 | €1,229 | - | -€1,229 | |
| Taxes, remuneration and social security | 45 | €51,157 | €68,181 | +€17,025 | +33.3% |
| Taxes | 450/3 | €51,157 | €68,181 | +€17,025 | +33.3% |
| Other amounts payable | 47/48 | - | €359,750 | +€359,750 | |
| Remuneration, social security and pensions | 62 | €1,024 | €1,607 | +€583 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,246 | €14,525 | +€279 | +2.0% |
| Other operating charges | 640/8 | €816 | €1,092 | +€276 | +33.9% |
| Gross operating margin | 9900 | €269,781 | €274,408 | +€4,627 | +1.7% |
| Operating profit (loss) | 9901 | €253,696 | €257,184 | +€3,488 | +1.4% |
| Financial income | 75/76B | €12,050 | €22,707 | +€10,657 | +88.4% |
| Recurring financial income | 75 | €12,050 | €22,707 | +€10,657 | +88.4% |
| Financial charges | 65/66B | €170 | €231 | +€62 | +36.4% |
| Recurring financial charges | 65 | €170 | €231 | +€62 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €265,577 | €279,659 | +€14,082 | +5.3% |
| Income taxes | 67/77 | €81,255 | €86,159 | +€4,904 | +6.0% |
| Profit (loss) for the period | 9904 | €184,322 | €193,500 | +€9,178 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,322 | €193,500 | +€9,178 | +5.0% |
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 30 October 2026 via checked.be.