SANAMUDRA: 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.
SANAMUDRA
Largest movements
- Cash -€1,324
down €1,324 (-83.3%), from €1,589 to €265
mainly Net result for the year (-€6,050) and Trade debts (-€97)
- Tangible fixed assets -€642
down €642 (-42.2%), from €1,520 to €878
- Receivables within one year -€102
down €102 (-67.5%), from €152 to €49
- Profit (loss) carried forward -€6,050
down €6,050 (-96.5%), from -€6,272 to -€12,322
- Other debts +€4,079
up €4,079 (+63.4%), from €6,435 to €10,514
- Trade debts -€97
no longer reported in 2025 (was €97)
- Gross operating margin +€527
up €527 (+9.1%), from -€5,792 to -€5,265
- Depreciation +€236
up €236 (+58.0%), from €406 to €642
- Financial charges +€120
up €120 (+514%), from €23 to €143
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 | €3,260 | €1,192 | -€2,068 | -63.4% |
| Fixed assets | 21/28 | €1,520 | €878 | -€642 | -42.2% |
| Tangible fixed assets | 22/27 | €1,520 | €878 | -€642 | -42.2% |
| Plant, machinery and equipment | 23 | €1,520 | €878 | -€642 | -42.2% |
| Current assets | 29/58 | €1,740 | €314 | -€1,426 | -82.0% |
| Amounts receivable within one year | 40/41 | €152 | €49 | -€102 | -67.5% |
| Other amounts receivable | 41 | €152 | €49 | -€102 | -67.5% |
| Cash at bank and in hand | 54/58 | €1,589 | €265 | -€1,324 | -83.3% |
| Total equity and liabilities | 10/49 | €3,260 | €1,192 | -€2,068 | -63.4% |
| Equity | 10/15 | -€3,272 | -€9,322 | -€6,050 | -185% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,272 | -€12,322 | -€6,050 | -96.5% |
| Amounts payable | 17/49 | €6,532 | €10,514 | +€3,982 | +61.0% |
| Amounts payable within one year | 42/48 | €6,532 | €10,514 | +€3,982 | +61.0% |
| Trade debts | 44 | €97 | - | -€97 | |
| Suppliers | 440/4 | €97 | - | -€97 | |
| Other amounts payable | 47/48 | €6,435 | €10,514 | +€4,079 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €642 | +€236 | +58.0% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€5,792 | -€5,265 | +€527 | +9.1% |
| Operating profit (loss) | 9901 | -€6,249 | -€5,907 | +€341 | +5.5% |
| Financial charges | 65/66B | €23 | €143 | +€120 | +514% |
| Recurring financial charges | 65 | €23 | €143 | +€120 | +514% |
| Profit (loss) for the period before taxes | 9903 | -€6,272 | -€6,050 | +€222 | +3.5% |
| Profit (loss) for the period | 9904 | -€6,272 | -€6,050 | +€222 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,272 | -€6,050 | +€222 | +3.5% |
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 25 October 2026 via checked.be.