SANELCO: 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.
SANELCO
Largest movements
- Cash +€76,740
up €76,740 (+175.3%), from €43,767 to €120,507
mainly Net result for the year (+€74,045) and Tax, wage and social debts (+€3,700)
- Reserves +€74,045
up €74,045 (+18.3%), from €405,006 to €479,051
of which Distributable reserves: +€74,045
- Gross operating margin +€20,047
up €20,047 (+24.3%), from €82,426 to €102,473
- Taxes +€5,219
up €5,219 (+26.5%), from €19,677 to €24,895
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 | €434,698 | €513,066 | +€78,367 | +18.0% |
| Fixed assets | 21/28 | €238,684 | €238,684 | = | 0.0% |
| Tangible fixed assets | 22/27 | €238,684 | €238,684 | = | 0.0% |
| Land and buildings | 22 | €238,684 | €238,684 | = | 0.0% |
| Current assets | 29/58 | €196,014 | €274,381 | +€78,367 | +40.0% |
| Amounts receivable within one year | 40/41 | €8,334 | €9,394 | +€1,060 | +12.7% |
| Trade receivables | 40 | €6,934 | €9,394 | +€2,460 | +35.5% |
| Other amounts receivable | 41 | €1,400 | €0 | -€1,400 | -100.0% |
| Current investments | 50/53 | €140,000 | €140,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,767 | €120,507 | +€76,740 | +175.3% |
| Deferred charges and accrued income | 490/1 | €3,913 | €4,480 | +€567 | +14.5% |
| Total equity and liabilities | 10/49 | €434,698 | €513,066 | +€78,367 | +18.0% |
| Equity | 10/15 | €425,006 | €499,051 | +€74,045 | +17.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €405,006 | €479,051 | +€74,045 | +18.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €405,006 | €479,051 | +€74,045 | +18.3% |
| Amounts payable | 17/49 | €9,692 | €14,014 | +€4,322 | +44.6% |
| Amounts payable within one year | 42/48 | €7,465 | €11,597 | +€4,132 | +55.3% |
| Trade debts | 44 | €7,465 | €7,897 | +€432 | +5.8% |
| Suppliers | 440/4 | €7,465 | €7,897 | +€432 | +5.8% |
| Taxes, remuneration and social security | 45 | - | €3,700 | +€3,700 | |
| Taxes | 450/3 | - | €3,700 | +€3,700 | |
| Accrued charges and deferred income | 492/3 | €2,227 | €2,417 | +€190 | +8.5% |
| Non-recurring operating income | 76A | - | €15,873 | +€15,873 | |
| Other operating charges | 640/8 | €7,130 | €7,391 | +€262 | +3.7% |
| Gross operating margin | 9900 | €82,426 | €102,473 | +€20,047 | +24.3% |
| Operating profit (loss) | 9901 | €75,296 | €95,082 | +€19,786 | +26.3% |
| Financial income | 75/76B | €3,648 | €4,030 | +€382 | +10.5% |
| Recurring financial income | 75 | €3,648 | €4,030 | +€382 | +10.5% |
| Financial charges | 65/66B | €220 | €170 | -€50 | -22.6% |
| Recurring financial charges | 65 | €220 | €170 | -€50 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €78,724 | €98,941 | +€20,217 | +25.7% |
| Income taxes | 67/77 | €19,677 | €24,895 | +€5,219 | +26.5% |
| Profit (loss) for the period | 9904 | €59,047 | €74,045 | +€14,999 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,047 | €74,045 | +€14,999 | +25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.