Sanebi: 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.
Sanebi
Largest movements
- Tangible fixed assets -€28,188
down €28,188 (-29.3%), from €96,285 to €68,097
of which Furniture and vehicles: -€27,533
- Cash +€18,411
up €18,411 (+18.4%), from €99,807 to €118,218
mainly Depreciation (+€29,231) and Net result for the year (+€24,207)
- Reserves -€32,787
down €32,787 (-15.7%), from €208,755 to €175,968
of which Distributable reserves: -€32,787
- Profit (loss) carried forward +€24,207
new in 2025: €24,207
- Debts after one year -€20,736
down €20,736 (-92.2%), from €22,501 to €1,766
- Other debts +€18,745
up €18,745 (+300.5%), from €6,239 to €24,983
- Tax, wage and social debts +€3,533
up €3,533 (+53.5%), from €6,602 to €10,136
of which Remuneration and social security: +€2,402
- Gross operating margin -€20,108
down €20,108 (-24.1%), from €83,472 to €63,364
- Taxes -€8,064
down €8,064 (-52.2%), from €15,446 to €7,382
- Depreciation +€1,734
up €1,734 (+6.3%), from €27,497 to €29,231
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 | €279,557 | €270,963 | -€8,594 | -3.1% |
| Fixed assets | 21/28 | €161,085 | €132,897 | -€28,188 | -17.5% |
| Tangible fixed assets | 22/27 | €96,285 | €68,097 | -€28,188 | -29.3% |
| Land and buildings | 22 | €2,282 | €1,688 | -€594 | -26.0% |
| Plant, machinery and equipment | 23 | €2,360 | €2,299 | -€61 | -2.6% |
| Furniture and vehicles | 24 | €91,644 | €64,111 | -€27,533 | -30.0% |
| Financial fixed assets | 28 | €64,800 | €64,800 | = | 0.0% |
| Current assets | 29/58 | €118,472 | €138,065 | +€19,594 | +16.5% |
| Amounts receivable within one year | 40/41 | €16,517 | €18,582 | +€2,065 | +12.5% |
| Trade receivables | 40 | €10,503 | €11,655 | +€1,153 | +11.0% |
| Other amounts receivable | 41 | €6,014 | €6,927 | +€913 | +15.2% |
| Cash at bank and in hand | 54/58 | €99,807 | €118,218 | +€18,411 | +18.4% |
| Deferred charges and accrued income | 490/1 | €2,147 | €1,265 | -€882 | -41.1% |
| Total equity and liabilities | 10/49 | €279,557 | €270,963 | -€8,594 | -3.1% |
| Equity | 10/15 | €221,155 | €212,575 | -€8,580 | -3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €208,755 | €175,968 | -€32,787 | -15.7% |
| Tax-exempt reserves | 132 | €12,397 | €12,397 | = | 0.0% |
| Distributable reserves | 133 | €196,358 | €163,570 | -€32,787 | -16.7% |
| Profit (loss) carried forward | 14 | - | €24,207 | +€24,207 | |
| Amounts payable | 17/49 | €58,402 | €58,388 | -€14 | 0.0% |
| Amounts payable after more than one year | 17 | €22,501 | €1,766 | -€20,736 | -92.2% |
| Financial debts | 170/4 | €22,501 | €1,766 | -€20,736 | -92.2% |
| Amounts payable within one year | 42/48 | €35,901 | €56,622 | +€20,722 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €19,923 | €20,736 | +€813 | +4.1% |
| Trade debts | 44 | €3,137 | €768 | -€2,369 | -75.5% |
| Suppliers | 440/4 | €3,137 | €768 | -€2,369 | -75.5% |
| Taxes, remuneration and social security | 45 | €6,602 | €10,136 | +€3,533 | +53.5% |
| Taxes | 450/3 | €6,602 | €7,733 | +€1,131 | +17.1% |
| Remuneration and social security | 454/9 | - | €2,402 | +€2,402 | |
| Other amounts payable | 47/48 | €6,239 | €24,983 | +€18,745 | +300.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,497 | €29,231 | +€1,734 | +6.3% |
| Other operating charges | 640/8 | €505 | €962 | +€457 | +90.4% |
| Gross operating margin | 9900 | €83,472 | €63,364 | -€20,108 | -24.1% |
| Operating profit (loss) | 9901 | €55,470 | €33,171 | -€22,299 | -40.2% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €2,180 | €1,582 | -€599 | -27.5% |
| Recurring financial charges | 65 | €2,180 | €1,582 | -€599 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €53,296 | €31,589 | -€21,707 | -40.7% |
| Income taxes | 67/77 | €15,446 | €7,382 | -€8,064 | -52.2% |
| Profit (loss) for the period | 9904 | €37,851 | €24,207 | -€13,644 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,851 | €24,207 | -€13,644 | -36.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.