SANA MANAGEMENT: 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.
SANA MANAGEMENT
Largest movements
- Cash +€22,374
up €22,374 (+102%), from €21,926 to €44,300
mainly Receivables within one year (+€10,367) and Net result for the year (+€7,350)
- Receivables within one year -€10,367
down €10,367 (-42.4%), from €24,422 to €14,055
of which Trade receivables: -€10,200
- Profit (loss) carried forward +€7,350
up €7,350 (+4.9%), from -€149,018 to -€141,668
- Other debts +€4,380
up €4,380 (+10.9%), from €40,036 to €44,416
- Gross operating margin +€2,855
up €2,855 (+26.6%), from €10,750 to €13,605
- Financial charges -€1,595
down €1,595 (-21.2%), from €7,522 to €5,927
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 | €47,952 | €59,776 | +€11,824 | +24.7% |
| Fixed assets | 21/28 | €1,604 | €1,420 | -€183 | -11.4% |
| Tangible fixed assets | 22/27 | €1,604 | €1,420 | -€183 | -11.4% |
| Other tangible fixed assets | 26 | €1,604 | €1,420 | -€183 | -11.4% |
| Current assets | 29/58 | €46,348 | €58,355 | +€12,008 | +25.9% |
| Amounts receivable within one year | 40/41 | €24,422 | €14,055 | -€10,367 | -42.4% |
| Trade receivables | 40 | €10,200 | - | -€10,200 | |
| Other amounts receivable | 41 | €14,222 | €14,055 | -€167 | -1.2% |
| Cash at bank and in hand | 54/58 | €21,926 | €44,300 | +€22,374 | +102% |
| Total equity and liabilities | 10/49 | €47,952 | €59,776 | +€11,824 | +24.7% |
| Equity | 10/15 | -€134,658 | -€127,308 | +€7,350 | +5.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 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 | -€149,018 | -€141,668 | +€7,350 | +4.9% |
| Amounts payable | 17/49 | €182,609 | €187,084 | +€4,474 | +2.5% |
| Amounts payable within one year | 42/48 | €182,609 | €187,084 | +€4,474 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €17,000 | = | 0.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €573 | €668 | +€94 | +16.5% |
| Suppliers | 440/4 | €573 | €668 | +€94 | +16.5% |
| Other amounts payable | 47/48 | €40,036 | €44,416 | +€4,380 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183 | €183 | = | 0.0% |
| Other operating charges | 640/8 | €173 | €144 | -€29 | -16.6% |
| Gross operating margin | 9900 | €10,750 | €13,605 | +€2,855 | +26.6% |
| Operating profit (loss) | 9901 | €10,393 | €13,278 | +€2,884 | +27.7% |
| Financial charges | 65/66B | €7,522 | €5,927 | -€1,595 | -21.2% |
| Recurring financial charges | 65 | €7,522 | €5,927 | -€1,595 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €2,871 | €7,350 | +€4,479 | +156% |
| Profit (loss) for the period | 9904 | €2,871 | €7,350 | +€4,479 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €2,871 | €7,350 | +€4,479 | +156% |
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 22 October 2026 via checked.be.