Sainz BidCo: 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.
What changed
Sainz BidCo
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€29.0m
2024 · €9.7m-€38.7m
Equity
€201.7m
2024 · €206.2m-€4.6m
Cash
€591,001
2024 · €1.3m-€686,219
Balance sheet total
€346.3m
2024 · €310.1m+€36.2m
Largest movements
Assets
- Financial fixed assets +€41.5m
up €41.5m (+13.8%), from €300.6m to €342.1m
- Receivables within one year -€4.8m
down €4.8m (-58.6%), from €8.2m to €3.4m
of which Other amounts receivable: -€7.1m
Equity and liabilities
- Other debts +€47.6m
up €47.6m (+1,059%), from €4.5m to €52.1m
- Profit (loss) carried forward -€29.0m
down €29.0m, from €9.7m to -€19.3m
- Revaluation surpluses +€24.4m
new in 2025: €24.4m
- Current portion of long-term debt -€6.5m
no longer reported in 2025 (was €6.5m)
Income statement
- Financial income -€23.4m
down €23.4m (-98.9%), from €23.7m to €250,303
- Financial charges +€23.3m
up €23.3m (+329%), from €7.1m to €30.5m
of which Non-recurring financial charges: +€24.5m
- Turnover +€2.7m
up €2.7m (+118%), from €2.3m to €5.0m
- Services and other goods +€2.0m
up €2.0m (+184%), from €1.1m to €3.0m
- Staff costs +€696,814
new in 2025: €696,814
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.
Result 2024
€9.7m
Turnover
+€2.7m
Other operating income
+€625,849
Services and other goods
-€2.0m
Staff costs
-€696,814
Other operating charges
-€39,474
Other operating items
+€7.5m
Financial income
-€23.4m
Financial charges
-€23.3m
Taxes
+€7,138
Result 2025
-€29.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22.9m
Investment
-€41.5m
Financing
+€18.0m
Cash 2024
€1.3m
From operations (derived)
+€22.9m
Net result for the year
-€29.0m
Smaller working-capital items
-€120,774
Receivables within one year
+€4.8m
Tax, wage and social debts
+€376,043
Other debts
+€47.6m
Accrued charges and deferred income
-€867,732
Investment (derived)
-€41.5m
Investment in fixed assets (net)
-€41.5m
Financing
+€18.0m
Current portion of long-term debt
-€6.5m
Contributions, distributions and other
+€24.4m
Cash 2025
€591,001
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,086,779 | €346,325,871 | +€36.2m | +11.7% |
| Fixed assets | 21/28 | €300,561,001 | €342,090,633 | +€41.5m | +13.8% |
| Financial fixed assets | 28 | €300,561,001 | €342,090,633 | +€41.5m | +13.8% |
| Affiliated companies | 280/1 | €300,561,001 | €342,090,633 | +€41.5m | +13.8% |
| Participating interests | 280 | €300,561,001 | €342,090,633 | +€41.5m | +13.8% |
| Current assets | 29/58 | €9,525,778 | €4,235,238 | -€5.3m | -55.5% |
| Amounts receivable after more than one year | 29 | - | €115,510 | +€115,510 | |
| Other amounts receivable | 291 | - | €115,510 | +€115,510 | |
| Amounts receivable within one year | 40/41 | €8,248,558 | €3,418,891 | -€4.8m | -58.6% |
| Trade receivables | 40 | €1,020,953 | €3,327,500 | +€2.3m | +226% |
| Other amounts receivable | 41 | €7,227,605 | €91,391 | -€7.1m | -98.7% |
| Cash at bank and in hand | 54/58 | €1,277,220 | €591,001 | -€686,219 | -53.7% |
| Deferred charges and accrued income | 490/1 | - | €109,837 | +€109,837 | |
| Total equity and liabilities | 10/49 | €310,086,779 | €346,325,871 | +€36.2m | +11.7% |
| Equity | 10/15 | €206,213,848 | €201,651,255 | -€4.6m | -2.2% |
| Contributions | 10/11 | €196,548,584 | €196,548,584 | = | 0.0% |
| Revaluation surpluses | 12 | - | €24,437,118 | +€24.4m | |
| Profit (loss) carried forward | 14 | €9,665,264 | -€19,334,447 | -€29.0m | |
| Amounts payable | 17/49 | €103,872,932 | €144,674,615 | +€40.8m | +39.3% |
| Amounts payable after more than one year | 17 | €90,000,000 | €90,000,000 | = | 0.0% |
| Financial debts | 170/4 | €90,000,000 | €90,000,000 | = | 0.0% |
| Credit institutions | 173 | €90,000,000 | €90,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,814,003 | €53,483,419 | +€41.7m | +353% |
| Current portion of amounts payable after more than one year | 42 | €6,457,418 | - | -€6.5m | |
| Trade debts | 44 | €684,665 | €789,238 | +€104,573 | +15.3% |
| Suppliers | 440/4 | €684,665 | €789,238 | +€104,573 | +15.3% |
| Taxes, remuneration and social security | 45 | €171,920 | €547,963 | +€376,043 | +219% |
| Taxes | 450/3 | €171,920 | €452,289 | +€280,369 | +163% |
| Remuneration and social security | 454/9 | - | €95,674 | +€95,674 | |
| Other amounts payable | 47/48 | €4,500,000 | €52,146,218 | +€47.6m | +1,059% |
| Accrued charges and deferred income | 492/3 | €2,058,928 | €1,191,196 | -€867,732 | -42.1% |
| Operating income | 70/76A | €2,294,736 | €5,628,459 | +€3.3m | +145% |
| Turnover | 70 | €2,294,736 | €5,002,610 | +€2.7m | +118% |
| Other operating income | 74 | - | €625,849 | +€625,849 | |
| Operating charges | 60/66A | €9,182,473 | €4,429,875 | -€4.8m | -51.8% |
| Services and other goods | 61 | €1,073,837 | €3,046,620 | +€2.0m | +184% |
| Remuneration, social security and pensions | 62 | - | €696,814 | +€696,814 | |
| Other operating charges | 640/8 | €500 | €39,974 | +€39,474 | +7,895% |
| Non-recurring operating charges | 66A | €8,108,137 | €646,467 | -€7.5m | -92.0% |
| Operating profit (loss) | 9901 | -€6,887,737 | €1,198,583 | +€8.1m | |
| Financial income | 75/76B | €23,662,352 | €250,303 | -€23.4m | -98.9% |
| Recurring financial income | 75 | €23,662,352 | €250,303 | -€23.4m | -98.9% |
| Income from financial fixed assets | 750 | €23,650,000 | - | -€23.7m | |
| Income from current assets | 751 | €11,956 | €72 | -€11,883 | -99.4% |
| Other financial income | 752/9 | €396 | €250,231 | +€249,835 | +63,114% |
| Financial charges | 65/66B | €7,105,771 | €30,452,155 | +€23.3m | +329% |
| Recurring financial charges | 65 | €7,105,771 | €5,979,037 | -€1.1m | -15.9% |
| Debt charges | 650 | €7,100,108 | €5,976,164 | -€1.1m | -15.8% |
| Other financial charges | 652/9 | €5,663 | €2,874 | -€2,789 | -49.3% |
| Non-recurring financial charges | 66B | - | €24,473,118 | +€24.5m | |
| Profit (loss) for the period before taxes | 9903 | €9,668,844 | -€29,003,268 | -€38.7m | |
| Income taxes | 67/77 | €3,580 | -€3,558 | -€7,138 | |
| Taxes | 670/3 | €3,580 | €22 | -€3,558 | -99.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3,580 | +€3,580 | |
| Profit (loss) for the period | 9904 | €9,665,264 | -€28,999,710 | -€38.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €9,665,264 | -€28,999,710 | -€38.7m |
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 25 October 2026 via checked.be.