FTR SANITHERM: 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.
FTR SANITHERM
Largest movements
- Receivables within one year -€68,549
down €68,549 (-70.6%), from €97,100 to €28,551
of which Other amounts receivable: -€56,895
- Stocks and contracts -€10,305
down €10,305 (-10.8%), from €95,555 to €85,251
- Tangible fixed assets -€6,243
down €6,243 (-32.7%), from €19,082 to €12,839
of which Furniture and vehicles: -€5,292
- Cash +€4,729
up €4,729 (+8.2%), from €57,503 to €62,233
mainly Receivables within one year (+€68,549) and Stocks and contracts (+€10,305)
- Other debts -€55,774
down €55,774 (-62.0%), from €90,000 to €34,226
- Profit (loss) carried forward -€21,885
down €21,885 (-23.2%), from €94,508 to €72,623
- Trade debts -€3,868
down €3,868 (-28.2%), from €13,709 to €9,842
- Gross operating margin -€13,371
down €13,371 (-14.1%), from €95,145 to €81,773
- Taxes -€4,062
down €4,062 (-78.9%), from €5,151 to €1,089
- Staff costs +€2,887
up €2,887 (+4.1%), from €70,670 to €73,556
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 | €274,111 | €192,118 | -€81,994 | -29.9% |
| Fixed assets | 21/28 | €20,433 | €13,617 | -€6,816 | -33.4% |
| Intangible fixed assets | 21 | €1,017 | €444 | -€573 | -56.3% |
| Tangible fixed assets | 22/27 | €19,082 | €12,839 | -€6,243 | -32.7% |
| Plant, machinery and equipment | 23 | €647 | €392 | -€256 | -39.5% |
| Furniture and vehicles | 24 | €14,470 | €9,178 | -€5,292 | -36.6% |
| Other tangible fixed assets | 26 | €3,964 | €3,270 | -€695 | -17.5% |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €253,678 | €178,500 | -€75,178 | -29.6% |
| Stocks and contracts in progress | 3 | €95,555 | €85,251 | -€10,305 | -10.8% |
| Stocks | 30/36 | €95,555 | €85,251 | -€10,305 | -10.8% |
| Amounts receivable within one year | 40/41 | €97,100 | €28,551 | -€68,549 | -70.6% |
| Trade receivables | 40 | €35,944 | €24,290 | -€11,653 | -32.4% |
| Other amounts receivable | 41 | €61,156 | €4,261 | -€56,895 | -93.0% |
| Cash at bank and in hand | 54/58 | €57,503 | €62,233 | +€4,729 | +8.2% |
| Deferred charges and accrued income | 490/1 | €3,520 | €2,466 | -€1,054 | -30.0% |
| Total equity and liabilities | 10/49 | €274,111 | €192,118 | -€81,994 | -29.9% |
| Equity | 10/15 | €139,508 | €117,623 | -€21,885 | -15.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,508 | €72,623 | -€21,885 | -23.2% |
| Amounts payable | 17/49 | €134,604 | €74,495 | -€60,109 | -44.7% |
| Amounts payable within one year | 42/48 | €134,604 | €74,495 | -€60,109 | -44.7% |
| Trade debts | 44 | €13,709 | €9,842 | -€3,868 | -28.2% |
| Suppliers | 440/4 | €13,709 | €9,842 | -€3,868 | -28.2% |
| Taxes, remuneration and social security | 45 | €30,895 | €30,427 | -€468 | -1.5% |
| Taxes | 450/3 | €14,445 | €18,261 | +€3,816 | +26.4% |
| Remuneration and social security | 454/9 | €16,450 | €12,166 | -€4,284 | -26.0% |
| Other amounts payable | 47/48 | €90,000 | €34,226 | -€55,774 | -62.0% |
| Remuneration, social security and pensions | 62 | €70,670 | €73,556 | +€2,887 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,143 | €6,816 | -€328 | -4.6% |
| Other operating charges | 640/8 | €674 | €642 | -€32 | -4.7% |
| Gross operating margin | 9900 | €95,145 | €81,773 | -€13,371 | -14.1% |
| Operating profit (loss) | 9901 | €16,658 | €760 | -€15,898 | -95.4% |
| Financial income | 75/76B | €3,787 | €3,643 | -€144 | -3.8% |
| Recurring financial income | 75 | €3,787 | €3,643 | -€144 | -3.8% |
| Financial charges | 65/66B | €1,226 | €898 | -€328 | -26.7% |
| Recurring financial charges | 65 | €1,226 | €898 | -€328 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €19,219 | €3,504 | -€15,714 | -81.8% |
| Income taxes | 67/77 | €5,151 | €1,089 | -€4,062 | -78.9% |
| Profit (loss) for the period | 9904 | €14,068 | €2,415 | -€11,652 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,068 | €2,415 | -€11,652 | -82.8% |
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 23 October 2026 via checked.be.