HMK SANI: 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.
HMK SANI
Largest movements
- Receivables within one year +€91,187
up €91,187 (+79.7%), from €114,376 to €205,563
of which Trade receivables: +€91,364
- Stocks and contracts +€14,252
up €14,252 (+3.8%), from €370,795 to €385,046
- Tangible fixed assets -€8,790
down €8,790 (-25.8%), from €34,050 to €25,260
of which Plant, machinery and equipment: -€5,499
- Other debts +€150,242
up €150,242 (+1,158%), from €12,972 to €163,213
- Trade debts -€98,734
down €98,734 (-71.5%), from €138,042 to €39,307
- Tax, wage and social debts +€55,599
up €55,599 (+183%), from €30,311 to €85,911
of which Taxes: +€52,590
- Profit (loss) carried forward -€9,336
down €9,336 (-2.3%), from €403,929 to €394,593
- Gross operating margin +€81,295
up €81,295 (+57.7%), from €140,992 to €222,287
- Taxes +€22,461
up €22,461 (+108%), from €20,811 to €43,272
- Financial income +€5,227
up €5,227 (+124%), from €4,231 to €9,458
- Other operating charges -€4,964
down €4,964 (-80.4%), from €6,172 to €1,208
- Staff costs +€4,323
up €4,323 (+13.7%), from €31,461 to €35,784
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 | €607,087 | €703,484 | +€96,397 | +15.9% |
| Fixed assets | 21/28 | €41,594 | €32,804 | -€8,790 | -21.1% |
| Tangible fixed assets | 22/27 | €34,050 | €25,260 | -€8,790 | -25.8% |
| Plant, machinery and equipment | 23 | €26,706 | €21,207 | -€5,499 | -20.6% |
| Furniture and vehicles | 24 | €7,343 | €4,052 | -€3,291 | -44.8% |
| Financial fixed assets | 28 | €7,544 | €7,544 | = | 0.0% |
| Current assets | 29/58 | €565,493 | €670,680 | +€105,187 | +18.6% |
| Stocks and contracts in progress | 3 | €370,795 | €385,046 | +€14,252 | +3.8% |
| Stocks | 30/36 | €370,795 | €385,046 | +€14,252 | +3.8% |
| Amounts receivable within one year | 40/41 | €114,376 | €205,563 | +€91,187 | +79.7% |
| Trade receivables | 40 | €101,966 | €193,330 | +€91,364 | +89.6% |
| Other amounts receivable | 41 | €12,410 | €12,234 | -€176 | -1.4% |
| Cash at bank and in hand | 54/58 | €80,323 | €80,070 | -€252 | -0.3% |
| Total equity and liabilities | 10/49 | €607,087 | €703,484 | +€96,397 | +15.9% |
| Equity | 10/15 | €424,389 | €415,053 | -€9,336 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,929 | €394,593 | -€9,336 | -2.3% |
| Amounts payable | 17/49 | €182,698 | €288,431 | +€105,733 | +57.9% |
| Amounts payable within one year | 42/48 | €181,325 | €288,431 | +€107,107 | +59.1% |
| Trade debts | 44 | €138,042 | €39,307 | -€98,734 | -71.5% |
| Suppliers | 440/4 | €138,042 | €39,307 | -€98,734 | -71.5% |
| Taxes, remuneration and social security | 45 | €30,311 | €85,911 | +€55,599 | +183% |
| Taxes | 450/3 | €21,322 | €73,912 | +€52,590 | +247% |
| Remuneration and social security | 454/9 | €8,989 | €11,999 | +€3,010 | +33.5% |
| Other amounts payable | 47/48 | €12,972 | €163,213 | +€150,242 | +1,158% |
| Accrued charges and deferred income | 492/3 | €1,373 | €0 | -€1,373 | -100% |
| Remuneration, social security and pensions | 62 | €31,461 | €35,784 | +€4,323 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,510 | €10,349 | -€1,161 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,172 | €1,208 | -€4,964 | -80.4% |
| Gross operating margin | 9900 | €140,992 | €222,287 | +€81,295 | +57.7% |
| Operating profit (loss) | 9901 | €91,849 | €174,946 | +€83,097 | +90.5% |
| Financial income | 75/76B | €4,231 | €9,458 | +€5,227 | +124% |
| Recurring financial income | 75 | €4,231 | €9,458 | +€5,227 | +124% |
| Financial charges | 65/66B | €619 | €469 | -€150 | -24.3% |
| Recurring financial charges | 65 | €619 | €469 | -€150 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €95,462 | €183,936 | +€88,474 | +92.7% |
| Income taxes | 67/77 | €20,811 | €43,272 | +€22,461 | +108% |
| Profit (loss) for the period | 9904 | €74,651 | €140,664 | +€66,013 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,651 | €140,664 | +€66,013 | +88.4% |
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 20 October 2026 via checked.be.