NM SANAEI: what changed
Two fiscal 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.
NM SANAEI
Largest movements
- Stocks and contracts -€28,348
down €28,348 (-86.4%), from €32,816 to €4,467
- Cash +€16,675
up €16,675 (+1178.8%), from €1,415 to €18,089
mainly Stocks and contracts (+€28,348) and Net result for the year (+€10,756)
- Receivables within one year +€6,428
up €6,428 (+1336.9%), from €481 to €6,908
- Tax, wage and social debts -€19,581
down €19,581 (-57.0%), from €34,342 to €14,761
of which Remuneration and social security: -€27,350
- Profit (loss) carried forward +€10,756
up €10,756 (+60.5%), from -€17,782 to -€7,026
- Trade debts +€3,007
up €3,007 (+78.3%), from €3,841 to €6,848
- Short-term financial debts +€573
new in 2025: €573
- Staff costs -€30,845
down €30,845 (-100.0%), from €30,850 to €5
- Gross operating margin -€14,213
down €14,213 (-41.3%), from €34,403 to €20,190
- Taxes +€8,311
new in 2025: €8,311
- Financial charges -€1,441
down €1,441 (-67.0%), from €2,151 to €710
- Other operating charges -€842
down €842 (-67.4%), from €1,249 to €407
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.
Cash bridge derived
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 | €34,711 | €29,465 | -€5,246 | -15.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €34,711 | €29,465 | -€5,246 | -15.1% |
| Stocks and contracts in progress | 3 | €32,816 | €4,467 | -€28,348 | -86.4% |
| Stocks | 30/36 | €32,816 | €4,467 | -€28,348 | -86.4% |
| Amounts receivable within one year | 40/41 | €481 | €6,908 | +€6,428 | +1336.9% |
| Other amounts receivable | 41 | €481 | €6,908 | +€6,428 | +1336.9% |
| Cash at bank and in hand | 54/58 | €1,415 | €18,089 | +€16,675 | +1178.8% |
| Total equity and liabilities | 10/49 | €34,711 | €29,465 | -€5,246 | -15.1% |
| Equity | 10/15 | -€3,472 | €7,284 | +€10,756 | |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Outside capital | 11 | €12,450 | €12,450 | = | 0.0% |
| Other | 1109/19 | €12,450 | €12,450 | = | 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 | -€17,782 | -€7,026 | +€10,756 | +60.5% |
| Amounts payable | 17/49 | €38,184 | €22,182 | -€16,002 | -41.9% |
| Amounts payable within one year | 42/48 | €38,184 | €22,182 | -€16,002 | -41.9% |
| Financial debts | 43 | - | €573 | +€573 | |
| Credit institutions | 430/8 | - | €573 | +€573 | |
| Trade debts | 44 | €3,841 | €6,848 | +€3,007 | +78.3% |
| Suppliers | 440/4 | €3,841 | €6,848 | +€3,007 | +78.3% |
| Taxes, remuneration and social security | 45 | €34,342 | €14,761 | -€19,581 | -57.0% |
| Taxes | 450/3 | €6,506 | €14,275 | +€7,769 | +119.4% |
| Remuneration and social security | 454/9 | €27,836 | €486 | -€27,350 | -98.3% |
| Remuneration, social security and pensions | 62 | €30,850 | €5 | -€30,845 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | - | -€160 | |
| Other operating charges | 640/8 | €1,249 | €407 | -€842 | -67.4% |
| Gross operating margin | 9900 | €34,403 | €20,190 | -€14,213 | -41.3% |
| Operating profit (loss) | 9901 | €2,144 | €19,777 | +€17,633 | +822.3% |
| Financial charges | 65/66B | €2,151 | €710 | -€1,441 | -67.0% |
| Recurring financial charges | 65 | €2,151 | €710 | -€1,441 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | -€7 | €19,067 | +€19,074 | |
| Income taxes | 67/77 | - | €8,311 | +€8,311 | |
| Profit (loss) for the period | 9904 | -€7 | €10,756 | +€10,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7 | €10,756 | +€10,763 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.