SANACONSTRUCT: 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.
SANACONSTRUCT
Largest movements
- Receivables within one year +€69,919
up €69,919 (+520.5%), from €13,432 to €83,350
of which Trade receivables: +€69,919
- Tangible fixed assets +€28,475
up €28,475 (+1435.6%), from €1,984 to €30,459
of which Furniture and vehicles: +€20,573
- Cash +€4,314
up €4,314 (+51.3%), from €8,414 to €12,728
mainly Other debts (+€80,954) and Net result for the year (+€26,527)
- Other debts +€80,954
up €80,954 (+106.2%), from €76,262 to €157,216
- Reserves +€14,972
up €14,972 (+17.7%), from €84,672 to €99,645
- Debts after one year -€12,375
down €12,375 (-14.1%), from €87,694 to €75,319
- Profit (loss) carried forward +€11,554
up €11,554, from -€11,554 to €0
- Tax, wage and social debts +€9,016
up €9,016 (+265.7%), from €3,393 to €12,409
- Gross operating margin -€33,040
down €33,040 (-39.1%), from €84,470 to €51,430
- Financial charges -€23,389
down €23,389 (-74.7%), from €31,325 to €7,936
of which Non-recurring financial charges: -€29,773
- Taxes +€7,240
up €7,240 (+3272.4%), from €221 to €7,461
- Depreciation +€5,160
up €5,160 (+378.1%), from €1,365 to €6,525
- Other operating charges -€1,996
down €1,996 (-40.0%), from €4,986 to €2,990
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 | €288,576 | €391,283 | +€102,707 | +35.6% |
| Fixed assets | 21/28 | €1,984 | €30,459 | +€28,475 | +1435.6% |
| Tangible fixed assets | 22/27 | €1,984 | €30,459 | +€28,475 | +1435.6% |
| Plant, machinery and equipment | 23 | €1,984 | €9,886 | +€7,902 | +398.4% |
| Furniture and vehicles | 24 | - | €20,573 | +€20,573 | |
| Current assets | 29/58 | €286,592 | €360,824 | +€74,232 | +25.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €234,746 | €234,746 | = | 0.0% |
| Stocks | 30/36 | €234,746 | €234,746 | = | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,432 | €83,350 | +€69,919 | +520.5% |
| Trade receivables | 40 | €13,432 | €83,350 | +€69,919 | +520.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,414 | €12,728 | +€4,314 | +51.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €288,576 | €391,283 | +€102,707 | +35.6% |
| Equity | 10/15 | €98,118 | €124,645 | +€26,527 | +27.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €84,672 | €99,645 | +€14,972 | +17.7% |
| Distributable reserves | 133 | €84,672 | €99,645 | +€14,972 | +17.7% |
| Profit (loss) carried forward | 14 | -€11,554 | €0 | +€11,554 | |
| Amounts payable | 17/49 | €190,458 | €266,638 | +€76,181 | +40.0% |
| Amounts payable after more than one year | 17 | €87,694 | €75,319 | -€12,375 | -14.1% |
| Financial debts | 170/4 | €87,694 | €75,319 | -€12,375 | -14.1% |
| Amounts payable within one year | 42/48 | €100,540 | €184,098 | +€83,559 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €12,288 | €12,375 | +€87 | +0.7% |
| Trade debts | 44 | €8,596 | €2,099 | -€6,498 | -75.6% |
| Suppliers | 440/4 | €8,596 | €2,099 | -€6,498 | -75.6% |
| Taxes, remuneration and social security | 45 | €3,393 | €12,409 | +€9,016 | +265.7% |
| Taxes | 450/3 | €3,393 | €12,409 | +€9,016 | +265.7% |
| Other amounts payable | 47/48 | €76,262 | €157,216 | +€80,954 | +106.2% |
| Accrued charges and deferred income | 492/3 | €2,224 | €7,221 | +€4,997 | +224.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,365 | €6,525 | +€5,160 | +378.1% |
| Other operating charges | 640/8 | €4,986 | €2,990 | -€1,996 | -40.0% |
| Gross operating margin | 9900 | €84,470 | €51,430 | -€33,040 | -39.1% |
| Operating profit (loss) | 9901 | €78,119 | €41,915 | -€36,204 | -46.3% |
| Financial income | 75/76B | €1,680 | €9 | -€1,672 | -99.5% |
| Recurring financial income | 75 | €1,680 | €9 | -€1,672 | -99.5% |
| Financial charges | 65/66B | €31,325 | €7,936 | -€23,389 | -74.7% |
| Recurring financial charges | 65 | €1,552 | €7,936 | +€6,384 | +411.2% |
| Non-recurring financial charges | 66B | €29,773 | €0 | -€29,773 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €48,474 | €33,987 | -€14,487 | -29.9% |
| Income taxes | 67/77 | €221 | €7,461 | +€7,240 | +3272.4% |
| Profit (loss) for the period | 9904 | €48,253 | €26,527 | -€21,727 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,253 | €26,527 | -€21,727 | -45.0% |
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 6 October 2026 via checked.be.