Sanav: 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.
Sanav
Largest movements
- Receivables within one year -€3,095
down €3,095 (-2.5%), from €125,694 to €122,599
of which Other amounts receivable: -€3,884
- Profit (loss) carried forward -€12,659
down €12,659 (-8.0%), from -€158,891 to -€171,550
- Trade debts +€9,522
up €9,522 (+114.0%), from €8,354 to €17,875
- Short-term financial debts +€5,203
up €5,203 (+62.2%), from €8,361 to €13,565
- Tax, wage and social debts -€3,407
down €3,407 (-17.7%), from €19,261 to €15,854
of which Taxes: -€8,203
- Current portion of long-term debt -€2,039
down €2,039 (-34.2%), from €5,962 to €3,923
- Gross operating margin -€16,065
down €16,065, from €5,408 to -€10,657
- Taxes +€2,213
up €2,213, from -€2,044 to €169
- Financial income -€1,537
down €1,537 (-23.4%), from €6,582 to €5,045
- Financial charges +€692
up €692 (+28.7%), from €2,415 to €3,107
- Other operating charges +€336
up €336 (+31.4%), from €1,072 to €1,408
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,881 | €125,632 | -€3,249 | -2.5% |
| Fixed assets | 21/28 | €2,113 | €2,765 | +€652 | +30.9% |
| Tangible fixed assets | 22/27 | €1,918 | €2,530 | +€612 | +31.9% |
| Plant, machinery and equipment | 23 | €323 | €2,059 | +€1,736 | +537.9% |
| Furniture and vehicles | 24 | €1,595 | €471 | -€1,124 | -70.5% |
| Financial fixed assets | 28 | €195 | €235 | +€40 | +20.5% |
| Current assets | 29/58 | €126,768 | €122,867 | -€3,901 | -3.1% |
| Amounts receivable within one year | 40/41 | €125,694 | €122,599 | -€3,095 | -2.5% |
| Trade receivables | 40 | €9,139 | €9,929 | +€789 | +8.6% |
| Other amounts receivable | 41 | €116,554 | €112,670 | -€3,884 | -3.3% |
| Deferred charges and accrued income | 490/1 | €1,074 | €268 | -€806 | -75.1% |
| Total equity and liabilities | 10/49 | €128,881 | €125,632 | -€3,249 | -2.5% |
| Equity | 10/15 | €86,130 | €73,472 | -€12,659 | -14.7% |
| Contributions | 10/11 | €108,424 | €108,424 | = | 0.0% |
| Reserves | 13 | €136,597 | €136,597 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €136,597 | €136,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,891 | -€171,550 | -€12,659 | -8.0% |
| Amounts payable | 17/49 | €42,750 | €52,160 | +€9,410 | +22.0% |
| Amounts payable after more than one year | 17 | €681 | €944 | +€263 | +38.6% |
| Financial debts | 170/4 | €681 | €944 | +€263 | +38.6% |
| Amounts payable within one year | 42/48 | €41,938 | €51,217 | +€9,279 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €5,962 | €3,923 | -€2,039 | -34.2% |
| Financial debts | 43 | €8,361 | €13,565 | +€5,203 | +62.2% |
| Credit institutions | 430/8 | €8,361 | €13,565 | +€5,203 | +62.2% |
| Trade debts | 44 | €8,354 | €17,875 | +€9,522 | +114.0% |
| Suppliers | 440/4 | €8,354 | €17,875 | +€9,522 | +114.0% |
| Taxes, remuneration and social security | 45 | €19,261 | €15,854 | -€3,407 | -17.7% |
| Taxes | 450/3 | €14,565 | €6,362 | -€8,203 | -56.3% |
| Remuneration and social security | 454/9 | €4,696 | €9,492 | +€4,796 | +102.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €132 | €0 | -€132 | -100.0% |
| Non-recurring operating income | 76A | €0 | €1,945 | +€1,945 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,537 | €1,722 | +€185 | +12.0% |
| Other operating charges | 640/8 | €1,072 | €1,408 | +€336 | +31.4% |
| Non-recurring operating charges | 66A | - | €641 | +€641 | |
| Gross operating margin | 9900 | €5,408 | -€10,657 | -€16,065 | |
| Operating profit (loss) | 9901 | €2,799 | -€14,427 | -€17,226 | |
| Financial income | 75/76B | €6,582 | €5,045 | -€1,537 | -23.4% |
| Recurring financial income | 75 | €6,582 | €5,045 | -€1,537 | -23.4% |
| Financial charges | 65/66B | €2,415 | €3,107 | +€692 | +28.7% |
| Recurring financial charges | 65 | €2,415 | €3,107 | +€692 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €6,966 | -€12,490 | -€19,456 | |
| Income taxes | 67/77 | -€2,044 | €169 | +€2,213 | |
| Profit (loss) for the period | 9904 | €9,010 | -€12,659 | -€21,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,010 | -€12,659 | -€21,669 |
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 8 October 2026 via checked.be.