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
- Cash -€353,606
down €353,606 (-76.8%), from €460,570 to €106,964
mainly Other debts (-€524,102) and Contributions, distributions and other (-€250,000)
- Receivables within one year -€223,147
down €223,147 (-91.4%), from €244,156 to €21,009
of which Other amounts receivable: -€243,764
- Deferred charges and accrued income -€46,825
down €46,825 (-93.5%), from €50,072 to €3,247
- Tangible fixed assets -€32,970
down €32,970 (-29.7%), from €110,827 to €77,857
of which Furniture and vehicles: -€30,183
- Other debts -€524,102
down €524,102 (-74.9%), from €700,000 to €175,898
- Reserves -€116,152
down €116,152 (-78.0%), from €148,888 to €32,736
- Tax, wage and social debts -€17,652
down €17,652 (-66.0%), from €26,737 to €9,085
of which Taxes: -€20,806
- Financial income -€155,476
down €155,476 (-97.3%), from €159,711 to €4,235
- Gross operating margin +€136,749
up €136,749 (+201.7%), from €67,794 to €204,543
- Taxes +€30,355
up €30,355 (+286.0%), from €10,612 to €40,967
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 | €880,625 | €224,076 | -€656,549 | -74.6% |
| Fixed assets | 21/28 | €125,827 | €92,857 | -€32,970 | -26.2% |
| Tangible fixed assets | 22/27 | €110,827 | €77,857 | -€32,970 | -29.7% |
| Plant, machinery and equipment | 23 | €2,848 | €1,899 | -€949 | -33.3% |
| Furniture and vehicles | 24 | €95,774 | €65,592 | -€30,183 | -31.5% |
| Other tangible fixed assets | 26 | €12,205 | €10,367 | -€1,838 | -15.1% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €754,798 | €131,219 | -€623,578 | -82.6% |
| Amounts receivable within one year | 40/41 | €244,156 | €21,009 | -€223,147 | -91.4% |
| Trade receivables | 40 | €53 | €20,669 | +€20,616 | +39112.8% |
| Other amounts receivable | 41 | €244,103 | €340 | -€243,764 | -99.9% |
| Cash at bank and in hand | 54/58 | €460,570 | €106,964 | -€353,606 | -76.8% |
| Deferred charges and accrued income | 490/1 | €50,072 | €3,247 | -€46,825 | -93.5% |
| Total equity and liabilities | 10/49 | €880,625 | €224,076 | -€656,549 | -74.6% |
| Equity | 10/15 | €153,888 | €37,736 | -€116,152 | -75.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €148,888 | €32,736 | -€116,152 | -78.0% |
| Distributable reserves | 133 | €148,888 | €32,736 | -€116,152 | -78.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €726,737 | €186,341 | -€540,396 | -74.4% |
| Amounts payable within one year | 42/48 | €726,737 | €186,341 | -€540,396 | -74.4% |
| Trade debts | 44 | €0 | €1,358 | +€1,358 | |
| Suppliers | 440/4 | €0 | €1,358 | +€1,358 | |
| Taxes, remuneration and social security | 45 | €26,737 | €9,085 | -€17,652 | -66.0% |
| Taxes | 450/3 | €23,625 | €2,819 | -€20,806 | -88.1% |
| Remuneration and social security | 454/9 | €3,112 | €6,266 | +€3,154 | +101.3% |
| Other amounts payable | 47/48 | €700,000 | €175,898 | -€524,102 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,398 | €32,970 | -€428 | -1.3% |
| Other operating charges | 640/8 | €790 | €652 | -€138 | -17.5% |
| Gross operating margin | 9900 | €67,794 | €204,543 | +€136,749 | +201.7% |
| Operating profit (loss) | 9901 | €33,605 | €170,921 | +€137,315 | +408.6% |
| Financial income | 75/76B | €159,711 | €4,235 | -€155,476 | -97.3% |
| Recurring financial income | 75 | €159,711 | €4,235 | -€155,476 | -97.3% |
| Financial charges | 65/66B | €2,349 | €340 | -€2,009 | -85.5% |
| Recurring financial charges | 65 | €2,349 | €340 | -€2,009 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €190,967 | €174,815 | -€16,151 | -8.5% |
| Income taxes | 67/77 | €10,612 | €40,967 | +€30,355 | +286.0% |
| Profit (loss) for the period | 9904 | €180,354 | €133,848 | -€46,506 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €180,354 | €133,848 | -€46,506 | -25.8% |
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.