SANAE CO: 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.
SANAE CO
Largest movements
- Cash +€65,195
up €65,195 (+15,932%), from €409 to €65,604
mainly Net result for the year (+€69,810) and Tax, wage and social debts (+€9,198)
- Tangible fixed assets +€10,012
up €10,012 (+56.1%), from €17,839 to €27,851
of which Other tangible fixed assets: +€11,877
- Current investments -€8,650
down €8,650 (-22.2%), from €38,950 to €30,300
- Reserves +€69,200
up €69,200 (+223%), from €31,000 to €100,200
- Other debts -€10,197
down €10,197 (-57.6%), from €17,704 to €7,507
- Tax, wage and social debts +€9,198
up €9,198 (+45.7%), from €20,145 to €29,343
- Gross operating margin +€57,460
up €57,460 (+123%), from €46,835 to €104,294
- Taxes +€15,859
up €15,859 (+124%), from €12,840 to €28,699
- Depreciation +€4,755
up €4,755 (+504%), from €944 to €5,699
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 | €73,176 | €141,074 | +€67,898 | +92.8% |
| Fixed assets | 21/28 | €17,839 | €27,851 | +€10,012 | +56.1% |
| Tangible fixed assets | 22/27 | €17,839 | €27,851 | +€10,012 | +56.1% |
| Furniture and vehicles | 24 | €17,839 | €15,974 | -€1,865 | -10.5% |
| Other tangible fixed assets | 26 | - | €11,877 | +€11,877 | |
| Current assets | 29/58 | €55,337 | €113,223 | +€57,886 | +105% |
| Amounts receivable within one year | 40/41 | €15,978 | €16,934 | +€957 | +6.0% |
| Trade receivables | 40 | €15,246 | €16,838 | +€1,592 | +10.4% |
| Other amounts receivable | 41 | €732 | €97 | -€635 | -86.8% |
| Current investments | 50/53 | €38,950 | €30,300 | -€8,650 | -22.2% |
| Cash at bank and in hand | 54/58 | €409 | €65,604 | +€65,195 | +15,932% |
| Deferred charges and accrued income | 490/1 | - | €384 | +€384 | |
| Total equity and liabilities | 10/49 | €73,176 | €141,074 | +€67,898 | +92.8% |
| Equity | 10/15 | €35,247 | €104,224 | +€68,977 | +196% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €31,000 | €100,200 | +€69,200 | +223% |
| Distributable reserves | 133 | €31,000 | €100,200 | +€69,200 | +223% |
| Profit (loss) carried forward | 14 | €247 | €24 | -€223 | -90.4% |
| Amounts payable | 17/49 | €37,929 | €36,851 | -€1,079 | -2.8% |
| Amounts payable within one year | 42/48 | €37,929 | €36,851 | -€1,079 | -2.8% |
| Trade debts | 44 | €80 | €0 | -€80 | -100% |
| Suppliers | 440/4 | €80 | €0 | -€80 | -100% |
| Taxes, remuneration and social security | 45 | €20,145 | €29,343 | +€9,198 | +45.7% |
| Taxes | 450/3 | €20,145 | €29,343 | +€9,198 | +45.7% |
| Other amounts payable | 47/48 | €17,704 | €7,507 | -€10,197 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €944 | €5,699 | +€4,755 | +504% |
| Other operating charges | 640/8 | €50 | €40 | -€10 | -20.7% |
| Gross operating margin | 9900 | €46,835 | €104,294 | +€57,460 | +123% |
| Operating profit (loss) | 9901 | €45,840 | €98,556 | +€52,715 | +115% |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €88 | €103 | +€15 | +16.9% |
| Recurring financial charges | 65 | €88 | €103 | +€15 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €45,753 | €98,509 | +€52,757 | +115% |
| Income taxes | 67/77 | €12,840 | €28,699 | +€15,859 | +124% |
| Profit (loss) for the period | 9904 | €32,913 | €69,810 | +€36,898 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €32,913 | €69,810 | +€36,898 | +112% |
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 27 October 2026 via checked.be.