SANEEDE: 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.
SANEEDE
Largest movements
- Cash -€340,821
down €340,821 (-60.2%), from €566,103 to €225,282
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€274,709)
- Receivables within one year +€274,709
up €274,709 (+259%), from €106,132 to €380,842
of which Other amounts receivable: +€256,773
- Tangible fixed assets -€78,985
down €78,985 (-10.1%), from €785,402 to €706,417
of which Other tangible fixed assets: -€90,384
- Other debts -€80,000
down €80,000 (-100%), from €80,000 to €0
- Debts after one year -€61,388
down €61,388 (-11.3%), from €543,831 to €482,443
- Current portion of long-term debt +€41,096
up €41,096 (+31.6%), from €130,114 to €171,209
- Reserves -€23,152
down €23,152 (-47.2%), from €49,000 to €25,848
of which Distributable reserves: -€23,152
- Staff costs +€88,831
up €88,831 (+5.7%), from €1.6m to €1.6m
- Depreciation +€29,044
up €29,044 (+16.6%), from €174,485 to €203,529
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,503,831 | €1,375,666 | -€128,165 | -8.5% |
| Fixed assets | 21/28 | €786,002 | €707,017 | -€78,985 | -10.0% |
| Tangible fixed assets | 22/27 | €785,402 | €706,417 | -€78,985 | -10.1% |
| Plant, machinery and equipment | 23 | €176,795 | €123,541 | -€53,253 | -30.1% |
| Furniture and vehicles | 24 | €3,711 | €68,363 | +€64,652 | +1,742% |
| Other tangible fixed assets | 26 | €604,896 | €514,512 | -€90,384 | -14.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €717,829 | €668,649 | -€49,180 | -6.9% |
| Stocks and contracts in progress | 3 | €25,809 | €30,240 | +€4,431 | +17.2% |
| Stocks | 30/36 | €25,809 | €30,240 | +€4,431 | +17.2% |
| Amounts receivable within one year | 40/41 | €106,132 | €380,842 | +€274,709 | +259% |
| Trade receivables | 40 | €104,853 | €122,789 | +€17,936 | +17.1% |
| Other amounts receivable | 41 | €1,279 | €258,052 | +€256,773 | +20,079% |
| Cash at bank and in hand | 54/58 | €566,103 | €225,282 | -€340,821 | -60.2% |
| Deferred charges and accrued income | 490/1 | €19,785 | €32,285 | +€12,501 | +63.2% |
| Total equity and liabilities | 10/49 | €1,503,831 | €1,375,666 | -€128,165 | -8.5% |
| Equity | 10/15 | €96,806 | €73,654 | -€23,152 | -23.9% |
| Contributions | 10/11 | €47,000 | €47,000 | = | 0.0% |
| Reserves | 13 | €49,000 | €25,848 | -€23,152 | -47.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €49,000 | €25,848 | -€23,152 | -47.2% |
| Profit (loss) carried forward | 14 | €806 | €806 | = | 0.0% |
| Amounts payable | 17/49 | €1,407,025 | €1,302,013 | -€105,012 | -7.5% |
| Amounts payable after more than one year | 17 | €543,831 | €482,443 | -€61,388 | -11.3% |
| Financial debts | 170/4 | €543,831 | €482,443 | -€61,388 | -11.3% |
| Amounts payable within one year | 42/48 | €861,093 | €819,569 | -€41,524 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €130,114 | €171,209 | +€41,096 | +31.6% |
| Financial debts | 43 | - | €11,772 | +€11,772 | |
| Credit institutions | 430/8 | - | €11,772 | +€11,772 | |
| Trade debts | 44 | €444,020 | €430,791 | -€13,228 | -3.0% |
| Suppliers | 440/4 | €444,020 | €430,791 | -€13,228 | -3.0% |
| Taxes, remuneration and social security | 45 | €206,960 | €205,796 | -€1,164 | -0.6% |
| Taxes | 450/3 | €10,926 | €25,311 | +€14,385 | +132% |
| Remuneration and social security | 454/9 | €196,034 | €180,485 | -€15,549 | -7.9% |
| Other amounts payable | 47/48 | €80,000 | €0 | -€80,000 | -100% |
| Accrued charges and deferred income | 492/3 | €2,101 | €0 | -€2,101 | -100% |
| Remuneration, social security and pensions | 62 | €1,553,996 | €1,642,827 | +€88,831 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,485 | €203,529 | +€29,044 | +16.6% |
| Other operating charges | 640/8 | €9,481 | €10,606 | +€1,125 | +11.9% |
| Gross operating margin | 9900 | €2,260,748 | €2,274,221 | +€13,473 | +0.6% |
| Operating profit (loss) | 9901 | €522,786 | €417,258 | -€105,527 | -20.2% |
| Financial income | 75/76B | €3,098 | €302 | -€2,796 | -90.3% |
| Recurring financial income | 75 | €3,098 | €302 | -€2,796 | -90.3% |
| Financial charges | 65/66B | €32,173 | €38,765 | +€6,592 | +20.5% |
| Recurring financial charges | 65 | €32,173 | €38,765 | +€6,592 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €493,711 | €378,795 | -€114,916 | -23.3% |
| Income taxes | 67/77 | €108,853 | €101,948 | -€6,906 | -6.3% |
| Profit (loss) for the period | 9904 | €384,858 | €276,848 | -€108,010 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €384,858 | €276,848 | -€108,010 | -28.1% |
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 17 October 2026 via checked.be.