SANARY: 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.
What changed
SANARY
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€71,027
2024 · €967,843-€896,817
Equity
€2.0m
2024 · €2.0m-€22,389
Cash
€70,222
2024 · €54,526+€15,696
Balance sheet total
€2.7m
2024 · €2.7m+€1,144
Largest movements
Assets
- Tangible fixed assets -€51,382
down €51,382 (-6.5%), from €794,313 to €742,931
of which Land and buildings: -€45,593
- Current investments +€44,585
up €44,585 (+2.4%), from €1.9m to €1.9m
Equity and liabilities
- Other debts +€38,992
up €38,992 (+14.9%), from €261,838 to €300,830
Income statement
- Gross operating margin -€1.2m
down €1.2m (-91.9%), from €1.3m to €108,685
- Financial income +€66,045
up €66,045 (+437%), from €15,104 to €81,149
- Taxes +€25,992
up €25,992 (+150%), from €17,379 to €43,371
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.
Result 2024
€967,843
Gross operating margin
-€1.2m
Depreciation
+€128
Other operating charges
-€323
Financial income
+€66,045
Financial charges
-€13,409
Taxes
-€25,992
Deferred taxes and other
+€314,076
Result 2025
€71,027
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€153,842
Investment
-€44,730
Financing
-€93,415
Cash 2024
€54,526
From operations (derived)
+€153,842
Net result for the year
+€71,027
Depreciation
+€51,382
Receivables within one year
+€6,356
Deferred charges and accrued income
+€1,544
Provisions
-€10,980
Trade debts
-€6,594
Tax, wage and social debts
+€4,562
Other debts
+€38,992
Accrued charges and deferred income
-€2,448
Investment (derived)
-€44,730
Investment in fixed assets (net)
-€145
Current investments
-€44,585
Financing
-€93,415
Contributions, distributions and other
-€93,415
Cash 2025
€70,222
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,726,081 | €2,727,225 | +€1,144 | 0.0% |
| Fixed assets | 21/28 | €795,288 | €744,052 | -€51,237 | -6.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €794,313 | €742,931 | -€51,382 | -6.5% |
| Land and buildings | 22 | €753,691 | €708,098 | -€45,593 | -6.0% |
| Plant, machinery and equipment | 23 | €40,622 | €34,834 | -€5,789 | -14.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €975 | €1,120 | +€145 | +14.9% |
| Current assets | 29/58 | €1,930,793 | €1,983,173 | +€52,380 | +2.7% |
| Amounts receivable within one year | 40/41 | €19,539 | €13,182 | -€6,356 | -32.5% |
| Trade receivables | 40 | €17,696 | €10,359 | -€7,337 | -41.5% |
| Other amounts receivable | 41 | €1,843 | €2,823 | +€981 | +53.2% |
| Current investments | 50/53 | €1,852,414 | €1,896,998 | +€44,585 | +2.4% |
| Cash at bank and in hand | 54/58 | €54,526 | €70,222 | +€15,696 | +28.8% |
| Deferred charges and accrued income | 490/1 | €4,315 | €2,771 | -€1,544 | -35.8% |
| Total equity and liabilities | 10/49 | €2,726,081 | €2,727,225 | +€1,144 | 0.0% |
| Equity | 10/15 | €2,013,445 | €1,991,056 | -€22,389 | -1.1% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Reserves | 13 | €1,891,445 | €1,869,056 | -€22,389 | -1.2% |
| Tax-exempt reserves | 132 | €1,154,531 | €1,133,208 | -€21,323 | -1.8% |
| Distributable reserves | 133 | €736,914 | €735,848 | -€1,066 | -0.1% |
| Provisions and deferred taxes | 16 | €408,293 | €397,314 | -€10,980 | -2.7% |
| Deferred taxes | 168 | €408,293 | €397,314 | -€10,980 | -2.7% |
| Amounts payable | 17/49 | €304,343 | €338,855 | +€34,512 | +11.3% |
| Amounts payable within one year | 42/48 | €277,537 | €314,497 | +€36,960 | +13.3% |
| Trade debts | 44 | €10,954 | €4,360 | -€6,594 | -60.2% |
| Suppliers | 440/4 | €10,954 | €4,360 | -€6,594 | -60.2% |
| Taxes, remuneration and social security | 45 | €4,744 | €9,307 | +€4,562 | +96.2% |
| Taxes | 450/3 | €4,744 | €9,307 | +€4,562 | +96.2% |
| Other amounts payable | 47/48 | €261,838 | €300,830 | +€38,992 | +14.9% |
| Accrued charges and deferred income | 492/3 | €26,806 | €24,358 | -€2,448 | -9.1% |
| Non-recurring operating income | 76A | €1,256,302 | - | -€1.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,510 | €51,382 | -€128 | -0.2% |
| Other operating charges | 640/8 | €15,156 | €15,479 | +€323 | +2.1% |
| Gross operating margin | 9900 | €1,346,027 | €108,685 | -€1.2m | -91.9% |
| Operating profit (loss) | 9901 | €1,279,361 | €41,825 | -€1.2m | -96.7% |
| Financial income | 75/76B | €15,104 | €81,149 | +€66,045 | +437% |
| Recurring financial income | 75 | €15,104 | €81,149 | +€66,045 | +437% |
| Financial charges | 65/66B | €6,146 | €19,556 | +€13,409 | +218% |
| Recurring financial charges | 65 | €6,146 | €19,556 | +€13,409 | +218% |
| Profit (loss) for the period before taxes | 9903 | €1,288,319 | €103,418 | -€1.2m | -92.0% |
| Transfer from deferred taxes | 780 | €10,980 | €10,980 | = | 0.0% |
| Transfer to deferred taxes | 680 | €314,076 | - | -€314,076 | |
| Income taxes | 67/77 | €17,379 | €43,371 | +€25,992 | +150% |
| Profit (loss) for the period | 9904 | €967,843 | €71,027 | -€896,817 | -92.7% |
| Transfer from tax-exempt reserves | 789 | €21,323 | €21,323 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €942,227 | - | -€942,227 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,940 | €92,350 | +€45,410 | +96.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.