Sanaupath: 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.
Sanaupath
Largest movements
- Cash +€103,381
up €103,381 (+32.2%), from €320,936 to €424,317
mainly Net result for the year (+€192,173) and Depreciation (+€12,117)
- Tangible fixed assets +€21,778
up €21,778 (+119.7%), from €18,200 to €39,978
of which Furniture and vehicles: +€21,100
- Profit (loss) carried forward +€192,173
up €192,173 (+70.6%), from €272,230 to €464,403
- Tax, wage and social debts -€64,783
down €64,783 (-95.2%), from €68,033 to €3,250
- Depreciation +€7,821
up €7,821 (+182.1%), from €4,296 to €12,117
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 | €342,522 | €467,752 | +€125,230 | +36.6% |
| Fixed assets | 21/28 | €18,200 | €39,978 | +€21,778 | +119.7% |
| Tangible fixed assets | 22/27 | €18,200 | €39,978 | +€21,778 | +119.7% |
| Land and buildings | 22 | €753 | €2,324 | +€1,571 | +208.8% |
| Plant, machinery and equipment | 23 | €3,444 | €2,550 | -€893 | -25.9% |
| Furniture and vehicles | 24 | €14,003 | €35,103 | +€21,100 | +150.7% |
| Current assets | 29/58 | €324,322 | €427,774 | +€103,452 | +31.9% |
| Amounts receivable within one year | 40/41 | €2,012 | €2,298 | +€286 | +14.2% |
| Other amounts receivable | 41 | €2,012 | €2,298 | +€286 | +14.2% |
| Cash at bank and in hand | 54/58 | €320,936 | €424,317 | +€103,381 | +32.2% |
| Deferred charges and accrued income | 490/1 | €1,374 | €1,160 | -€215 | -15.6% |
| Total equity and liabilities | 10/49 | €342,522 | €467,752 | +€125,230 | +36.6% |
| Equity | 10/15 | €272,231 | €464,404 | +€192,173 | +70.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,230 | €464,403 | +€192,173 | +70.6% |
| Amounts payable | 17/49 | €70,291 | €3,348 | -€66,942 | -95.2% |
| Amounts payable within one year | 42/48 | €70,291 | €3,348 | -€66,942 | -95.2% |
| Trade debts | 44 | €2,258 | €98 | -€2,159 | -95.7% |
| Suppliers | 440/4 | €2,258 | €98 | -€2,159 | -95.7% |
| Taxes, remuneration and social security | 45 | €68,033 | €3,250 | -€64,783 | -95.2% |
| Taxes | 450/3 | €68,033 | €3,250 | -€64,783 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,296 | €12,117 | +€7,821 | +182.1% |
| Other operating charges | 640/8 | - | €786 | +€786 | |
| Gross operating margin | 9900 | €270,304 | €268,593 | -€1,711 | -0.6% |
| Operating profit (loss) | 9901 | €266,008 | €255,690 | -€10,317 | -3.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,111 | €547 | -€564 | -50.8% |
| Recurring financial charges | 65 | €1,015 | €547 | -€468 | -46.1% |
| Non-recurring financial charges | 66B | €96 | - | -€96 | |
| Profit (loss) for the period before taxes | 9903 | €264,897 | €255,143 | -€9,753 | -3.7% |
| Income taxes | 67/77 | €64,953 | €62,970 | -€1,982 | -3.1% |
| Profit (loss) for the period | 9904 | €199,944 | €192,173 | -€7,771 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €199,944 | €192,173 | -€7,771 | -3.9% |
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.