SANAGRO: 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.
SANAGRO
Largest movements
- Tangible fixed assets -€28,917
down €28,917 (-6.9%), from €422,116 to €393,200
of which Land and buildings: -€27,343
- Receivables within one year -€13,972
down €13,972 (-48.3%), from €28,937 to €14,965
of which Trade receivables: -€14,902
- Cash +€11,356
up €11,356 (+52.7%), from €21,565 to €32,921
mainly Depreciation (+€28,962) and Receivables within one year (+€13,972)
- Debts after one year -€37,280
down €37,280 (-7.5%), from €499,733 to €462,452
of which Financial debts: -€25,995
- Gross operating margin +€56,564
up €56,564 (+232%), from €24,401 to €80,965
- Staff costs +€24,178
up €24,178 (+256%), from €9,429 to €33,607
- Financial charges -€7,539
down €7,539 (-39.7%), from €18,982 to €11,443
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 | €507,210 | €474,609 | -€32,601 | -6.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €422,116 | €393,200 | -€28,917 | -6.9% |
| Tangible fixed assets | 22/27 | €422,116 | €393,200 | -€28,917 | -6.9% |
| Land and buildings | 22 | €416,281 | €388,937 | -€27,343 | -6.6% |
| Plant, machinery and equipment | 23 | €4,476 | €3,400 | -€1,076 | -24.0% |
| Furniture and vehicles | 24 | €1,360 | €862 | -€498 | -36.6% |
| Current assets | 29/58 | €85,094 | €81,410 | -€3,684 | -4.3% |
| Stocks and contracts in progress | 3 | €31,175 | €32,166 | +€991 | +3.2% |
| Stocks | 30/36 | €31,175 | €32,166 | +€991 | +3.2% |
| Amounts receivable within one year | 40/41 | €28,937 | €14,965 | -€13,972 | -48.3% |
| Trade receivables | 40 | €28,937 | €14,035 | -€14,902 | -51.5% |
| Other amounts receivable | 41 | - | €931 | +€931 | |
| Cash at bank and in hand | 54/58 | €21,565 | €32,921 | +€11,356 | +52.7% |
| Deferred charges and accrued income | 490/1 | €3,417 | €1,358 | -€2,060 | -60.3% |
| Total equity and liabilities | 10/49 | €507,210 | €474,609 | -€32,601 | -6.4% |
| Equity | 10/15 | -€24,770 | -€21,174 | +€3,596 | +14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,793 | €62,793 | = | 0.0% |
| Distributable reserves | 133 | €62,793 | €62,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,763 | -€90,167 | +€3,596 | +3.8% |
| Amounts payable | 17/49 | €531,980 | €495,783 | -€36,197 | -6.8% |
| Amounts payable after more than one year | 17 | €499,733 | €462,452 | -€37,280 | -7.5% |
| Financial debts | 170/4 | €342,469 | €316,474 | -€25,995 | -7.6% |
| Other amounts payable | 178/9 | €157,264 | €145,978 | -€11,285 | -7.2% |
| Amounts payable within one year | 42/48 | €32,248 | €33,331 | +€1,083 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €25,506 | €25,995 | +€489 | +1.9% |
| Trade debts | 44 | €3,926 | €5,597 | +€1,670 | +42.5% |
| Suppliers | 440/4 | €3,926 | €5,597 | +€1,670 | +42.5% |
| Taxes, remuneration and social security | 45 | €2,815 | €1,739 | -€1,076 | -38.2% |
| Taxes | 450/3 | €1,032 | - | -€1,032 | |
| Remuneration and social security | 454/9 | €1,783 | €1,739 | -€44 | -2.5% |
| Non-recurring operating income | 76A | €668 | - | -€668 | |
| Remuneration, social security and pensions | 62 | €9,429 | €33,607 | +€24,178 | +256% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,592 | €28,962 | -€630 | -2.1% |
| Other operating charges | 640/8 | €3,743 | €3,625 | -€118 | -3.2% |
| Gross operating margin | 9900 | €24,401 | €80,965 | +€56,564 | +232% |
| Operating profit (loss) | 9901 | -€18,363 | €14,771 | +€33,134 | |
| Financial income | 75/76B | €0 | €269 | +€269 | +298,389% |
| Recurring financial income | 75 | €0 | €269 | +€269 | +298,389% |
| Financial charges | 65/66B | €18,982 | €11,443 | -€7,539 | -39.7% |
| Recurring financial charges | 65 | €18,982 | €11,443 | -€7,539 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,345 | €3,596 | +€40,941 | |
| Profit (loss) for the period | 9904 | -€37,345 | €3,596 | +€40,941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,345 | €3,596 | +€40,941 |
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 14 October 2026 via checked.be.