SAN-E-MAT: 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.
SAN-E-MAT
Largest movements
- Current investments -€299,174
down €299,174 (-99.3%), from €301,251 to €2,077
- Tangible fixed assets +€102,441
up €102,441 (+7.5%), from €1.4m to €1.5m
of which Plant, machinery and equipment: +€144,342
- Cash +€73,659
up €73,659 (+26.5%), from €278,050 to €351,709
mainly Net result for the year (+€344,890) and Current investments (+€299,174)
- Receivables within one year -€59,588
down €59,588 (-28.7%), from €207,943 to €148,355
of which Other amounts receivable: -€35,813
- Stocks and contracts +€54,585
up €54,585 (+4.6%), from €1.2m to €1.2m
- Debts after one year +€214,189
up €214,189 (+25.6%), from €837,021 to €1.1m
of which Other amounts payable: +€314,189
- Trade debts -€195,233
down €195,233 (-57.3%), from €340,650 to €145,417
- Other debts -€92,558
down €92,558 (-22.7%), from €408,340 to €315,783
- Accrued charges and deferred income -€83,074
down €83,074 (-43.2%), from €192,319 to €109,244
- Turnover +€716,134
up €716,134 (+16.3%), from €4.4m to €5.1m
- Purchases and services +€701,014
up €701,014 (+20.3%), from €3.5m to €4.2m
- Provisions +€60,000
no longer reported in 2024 (was -€60,000)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,369,782 | €3,237,679 | -€132,103 | -3.9% |
| Fixed assets | 21/28 | €1,385,148 | €1,487,639 | +€102,492 | +7.4% |
| Tangible fixed assets | 22/27 | €1,372,904 | €1,475,345 | +€102,441 | +7.5% |
| Land and buildings | 22 | €992,644 | €943,752 | -€48,892 | -4.9% |
| Plant, machinery and equipment | 23 | €357,369 | €501,711 | +€144,342 | +40.4% |
| Furniture and vehicles | 24 | €22,891 | €29,882 | +€6,991 | +30.5% |
| Financial fixed assets | 28 | €12,243 | €12,294 | +€51 | +0.4% |
| Current assets | 29/58 | €1,984,634 | €1,750,039 | -€234,595 | -11.8% |
| Stocks and contracts in progress | 3 | €1,183,832 | €1,238,417 | +€54,585 | +4.6% |
| Stocks | 30/36 | €1,183,832 | €1,238,417 | +€54,585 | +4.6% |
| Amounts receivable within one year | 40/41 | €207,943 | €148,355 | -€59,588 | -28.7% |
| Trade receivables | 40 | €109,353 | €85,578 | -€23,775 | -21.7% |
| Other amounts receivable | 41 | €98,590 | €62,778 | -€35,813 | -36.3% |
| Current investments | 50/53 | €301,251 | €2,077 | -€299,174 | -99.3% |
| Cash at bank and in hand | 54/58 | €278,050 | €351,709 | +€73,659 | +26.5% |
| Deferred charges and accrued income | 490/1 | €13,558 | €9,481 | -€4,077 | -30.1% |
| Total equity and liabilities | 10/49 | €3,369,782 | €3,237,679 | -€132,103 | -3.9% |
| Equity | 10/15 | €1,436,008 | €1,465,298 | +€29,290 | +2.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €758,000 | €758,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €598,008 | €627,298 | +€29,290 | +4.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €1,933,774 | €1,772,381 | -€161,393 | -8.3% |
| Amounts payable after more than one year | 17 | €837,021 | €1,051,210 | +€214,189 | +25.6% |
| Financial debts | 170/4 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Other amounts payable | 178/9 | €687,021 | €1,001,210 | +€314,189 | +45.7% |
| Amounts payable within one year | 42/48 | €904,434 | €611,927 | -€292,508 | -32.3% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €340,650 | €145,417 | -€195,233 | -57.3% |
| Suppliers | 440/4 | €340,650 | €145,417 | -€195,233 | -57.3% |
| Taxes, remuneration and social security | 45 | €55,444 | €50,726 | -€4,717 | -8.5% |
| Taxes | 450/3 | €9,736 | €8,075 | -€1,661 | -17.1% |
| Remuneration and social security | 454/9 | €45,708 | €42,651 | -€3,056 | -6.7% |
| Other amounts payable | 47/48 | €408,340 | €315,783 | -€92,558 | -22.7% |
| Accrued charges and deferred income | 492/3 | €192,319 | €109,244 | -€83,074 | -43.2% |
| Turnover | 70 | €4,387,137 | €5,103,271 | +€716,134 | +16.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,460,508 | €4,161,522 | +€701,014 | +20.3% |
| Remuneration, social security and pensions | 62 | €341,325 | €376,848 | +€35,524 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,587 | €132,875 | +€38,288 | +40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,391 | -€1,085 | +€1,306 | +54.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€60,000 | - | +€60,000 | |
| Other operating charges | 640/8 | €32,452 | €35,026 | +€2,575 | +7.9% |
| Gross operating margin | 9900 | €934,151 | €969,000 | +€34,849 | +3.7% |
| Operating profit (loss) | 9901 | €528,179 | €425,336 | -€102,844 | -19.5% |
| Financial income | 75/76B | €15,490 | €9,905 | -€5,586 | -36.1% |
| Recurring financial income | 75 | €14,764 | €9,078 | -€5,686 | -38.5% |
| Non-recurring financial income | 76B | €726 | €826 | +€100 | +13.8% |
| Financial charges | 65/66B | €33,432 | €51,936 | +€18,504 | +55.3% |
| Recurring financial charges | 65 | €33,432 | €51,936 | +€18,504 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €510,238 | €383,304 | -€126,933 | -24.9% |
| Income taxes | 67/77 | €71,262 | €38,415 | -€32,848 | -46.1% |
| Profit (loss) for the period | 9904 | €438,975 | €344,890 | -€94,086 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €438,975 | €344,890 | -€94,086 | -21.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.