S@NITECH: 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.
S@NITECH
Largest movements
- Tangible fixed assets +€28,608
up €28,608 (+86.8%), from €32,965 to €61,572
of which Furniture and vehicles: +€31,719
- Cash +€15,275
up €15,275 (+12.2%), from €125,656 to €140,932
mainly Net result for the year (+€78,624) and Depreciation (+€14,377)
- Receivables within one year +€4,303
up €4,303 (+13.0%), from €33,018 to €37,322
of which Trade receivables: +€9,592
- Reserves +€54,500
up €54,500 (+24.0%), from €226,910 to €281,410
- Other debts -€9,299
down €9,299 (-30.6%), from €30,370 to €21,070
- Gross operating margin +€49,721
up €49,721 (+61.8%), from €80,509 to €130,230
- Taxes +€16,861
up €16,861 (+89.1%), from €18,918 to €35,779
- Financial income +€6,305
up €6,305 (+153%), from €4,123 to €10,428
of which Non-recurring financial income: +€6,254
- Depreciation +€2,184
up €2,184 (+17.9%), from €12,193 to €14,377
- Staff costs -€1,892
down €1,892 (-20.5%), from €9,232 to €7,340
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 | €292,195 | €339,732 | +€47,538 | +16.3% |
| Fixed assets | 21/28 | €33,115 | €61,722 | +€28,608 | +86.4% |
| Tangible fixed assets | 22/27 | €32,965 | €61,572 | +€28,608 | +86.8% |
| Plant, machinery and equipment | 23 | €23,929 | €20,818 | -€3,111 | -13.0% |
| Furniture and vehicles | 24 | €9,035 | €40,754 | +€31,719 | +351% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €259,080 | €278,010 | +€18,930 | +7.3% |
| Stocks and contracts in progress | 3 | €100,233 | €98,080 | -€2,153 | -2.1% |
| Stocks | 30/36 | €100,233 | €98,080 | -€2,153 | -2.1% |
| Amounts receivable within one year | 40/41 | €33,018 | €37,322 | +€4,303 | +13.0% |
| Trade receivables | 40 | €24,368 | €33,960 | +€9,592 | +39.4% |
| Other amounts receivable | 41 | €8,650 | €3,362 | -€5,289 | -61.1% |
| Cash at bank and in hand | 54/58 | €125,656 | €140,932 | +€15,275 | +12.2% |
| Deferred charges and accrued income | 490/1 | €173 | €1,677 | +€1,504 | +872% |
| Total equity and liabilities | 10/49 | €292,195 | €339,732 | +€47,538 | +16.3% |
| Equity | 10/15 | €246,911 | €301,536 | +€54,624 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,910 | €281,410 | +€54,500 | +24.0% |
| Distributable reserves | 133 | €226,910 | €281,410 | +€54,500 | +24.0% |
| Profit (loss) carried forward | 14 | €1,401 | €1,526 | +€124 | +8.9% |
| Amounts payable | 17/49 | €45,284 | €38,197 | -€7,087 | -15.6% |
| Amounts payable within one year | 42/48 | €45,284 | €38,197 | -€7,087 | -15.6% |
| Trade debts | 44 | €7,878 | €8,850 | +€972 | +12.3% |
| Suppliers | 440/4 | €7,878 | €8,850 | +€972 | +12.3% |
| Taxes, remuneration and social security | 45 | €7,036 | €8,277 | +€1,240 | +17.6% |
| Taxes | 450/3 | €7,036 | €8,277 | +€1,240 | +17.6% |
| Other amounts payable | 47/48 | €30,370 | €21,070 | -€9,299 | -30.6% |
| Remuneration, social security and pensions | 62 | €9,232 | €7,340 | -€1,892 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,193 | €14,377 | +€2,184 | +17.9% |
| Other operating charges | 640/8 | €2,702 | €2,736 | +€34 | +1.2% |
| Gross operating margin | 9900 | €80,509 | €130,230 | +€49,721 | +61.8% |
| Operating profit (loss) | 9901 | €56,382 | €105,777 | +€49,396 | +87.6% |
| Financial income | 75/76B | €4,123 | €10,428 | +€6,305 | +153% |
| Recurring financial income | 75 | €4,122 | €4,173 | +€51 | +1.2% |
| Non-recurring financial income | 76B | €1 | €6,255 | +€6,254 | +508,464% |
| Financial charges | 65/66B | €3,005 | €1,802 | -€1,203 | -40.0% |
| Recurring financial charges | 65 | €2,994 | €1,794 | -€1,201 | -40.1% |
| Non-recurring financial charges | 66B | €10 | €8 | -€2 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €57,500 | €114,404 | +€56,904 | +99.0% |
| Income taxes | 67/77 | €18,918 | €35,779 | +€16,861 | +89.1% |
| Profit (loss) for the period | 9904 | €38,581 | €78,624 | +€40,043 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €38,581 | €78,624 | +€40,043 | +104% |
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 14 October 2026 via checked.be.