SanCorp: 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.
SanCorp
Largest movements
- Receivables within one year -€50,220
down €50,220 (-92.4%), from €54,353 to €4,133
of which Trade receivables: -€53,361
- Current investments -€27,589
down €27,589 (-61.3%), from €45,011 to €17,422
- Cash +€17,832
up €17,832 (+1092.4%), from €1,632 to €19,464
mainly Receivables within one year (+€50,220) and Current investments (+€27,589)
- Deferred charges and accrued income +€4,001
up €4,001 (+8131.3%), from €49 to €4,051
- Other debts -€66,848
down €66,848 (-93.2%), from €71,751 to €4,904
- Reserves +€21,176
new in 2025: €21,176
- Tax, wage and social debts -€10,733
no longer reported in 2025 (was €10,733)
- Gross operating margin -€57,078
down €57,078 (-66.6%), from €85,725 to €28,646
- Taxes -€11,700
down €11,700 (-65.8%), from €17,787 to €6,087
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 | €102,027 | €45,377 | -€56,650 | -55.5% |
| Fixed assets | 21/28 | €981 | €306 | -€674 | -68.8% |
| Tangible fixed assets | 22/27 | €981 | €306 | -€674 | -68.8% |
| Plant, machinery and equipment | 23 | €825 | €258 | -€567 | -68.7% |
| Furniture and vehicles | 24 | €155 | €48 | -€107 | -69.0% |
| Current assets | 29/58 | €101,046 | €45,070 | -€55,976 | -55.4% |
| Amounts receivable within one year | 40/41 | €54,353 | €4,133 | -€50,220 | -92.4% |
| Trade receivables | 40 | €53,361 | - | -€53,361 | |
| Other amounts receivable | 41 | €992 | €4,133 | +€3,141 | +316.5% |
| Current investments | 50/53 | €45,011 | €17,422 | -€27,589 | -61.3% |
| Cash at bank and in hand | 54/58 | €1,632 | €19,464 | +€17,832 | +1092.4% |
| Deferred charges and accrued income | 490/1 | €49 | €4,051 | +€4,001 | +8131.3% |
| Total equity and liabilities | 10/49 | €102,027 | €45,377 | -€56,650 | -55.5% |
| Equity | 10/15 | €18,600 | €39,776 | +€21,176 | +113.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €21,176 | +€21,176 | |
| Distributable reserves | 133 | - | €21,176 | +€21,176 | |
| Amounts payable | 17/49 | €83,427 | €5,601 | -€77,826 | -93.3% |
| Amounts payable within one year | 42/48 | €83,427 | €5,601 | -€77,826 | -93.3% |
| Financial debts | 43 | €422 | €419 | -€3 | -0.7% |
| Credit institutions | 430/8 | €422 | €419 | -€3 | -0.7% |
| Trade debts | 44 | €521 | €279 | -€242 | -46.5% |
| Suppliers | 440/4 | €521 | €279 | -€242 | -46.5% |
| Taxes, remuneration and social security | 45 | €10,733 | - | -€10,733 | |
| Taxes | 450/3 | €10,733 | - | -€10,733 | |
| Other amounts payable | 47/48 | €71,751 | €4,904 | -€66,848 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €674 | -€0 | 0.0% |
| Other operating charges | 640/8 | €343 | €347 | +€4 | +1.2% |
| Gross operating margin | 9900 | €85,725 | €28,646 | -€57,078 | -66.6% |
| Operating profit (loss) | 9901 | €84,707 | €27,625 | -€57,082 | -67.4% |
| Financial income | 75/76B | €948 | €323 | -€626 | -66.0% |
| Recurring financial income | 75 | €948 | €323 | -€626 | -66.0% |
| Financial charges | 65/66B | €191 | €685 | +€494 | +258.8% |
| Recurring financial charges | 65 | €191 | €685 | +€494 | +258.8% |
| Profit (loss) for the period before taxes | 9903 | €85,464 | €27,262 | -€58,202 | -68.1% |
| Income taxes | 67/77 | €17,787 | €6,087 | -€11,700 | -65.8% |
| Profit (loss) for the period | 9904 | €67,678 | €21,176 | -€46,502 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,678 | €21,176 | -€46,502 | -68.7% |
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 7 October 2026 via checked.be.