SANEM: 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.
SANEM
Largest movements
- Cash -€106,052
down €106,052 (-94.2%), from €112,562 to €6,510
mainly Receivables within one year (-€97,983) and Other debts (-€12,457)
- Receivables within one year +€97,983
up €97,983 (+346.6%), from €28,273 to €126,256
of which Other amounts receivable: +€92,009
- Tangible fixed assets +€3,399
up €3,399 (+1988.2%), from €171 to €3,570
of which Furniture and vehicles: +€3,570
- Other debts -€12,457
down €12,457 (-8.7%), from €143,702 to €131,245
- Profit (loss) carried forward +€4,620
up €4,620 (+3.7%), from -€123,885 to -€119,265
- Trade debts +€3,390
up €3,390 (+245.6%), from €1,380 to €4,771
- Gross operating margin +€7,777
up €7,777 (+9827.4%), from €79 to €7,857
- Other operating charges -€1,007
down €1,007 (-34.7%), from €2,904 to €1,898
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 | €152,802 | €149,206 | -€3,596 | -2.4% |
| Fixed assets | 21/28 | €171 | €3,570 | +€3,399 | +1988.2% |
| Tangible fixed assets | 22/27 | €171 | €3,570 | +€3,399 | +1988.2% |
| Plant, machinery and equipment | 23 | €171 | - | -€171 | |
| Furniture and vehicles | 24 | - | €3,570 | +€3,570 | |
| Current assets | 29/58 | €152,631 | €145,636 | -€6,995 | -4.6% |
| Stocks and contracts in progress | 3 | €10,976 | €11,329 | +€354 | +3.2% |
| Stocks | 30/36 | €10,976 | €11,329 | +€354 | +3.2% |
| Amounts receivable within one year | 40/41 | €28,273 | €126,256 | +€97,983 | +346.6% |
| Trade receivables | 40 | €10,316 | €16,290 | +€5,974 | +57.9% |
| Other amounts receivable | 41 | €17,957 | €109,966 | +€92,009 | +512.4% |
| Cash at bank and in hand | 54/58 | €112,562 | €6,510 | -€106,052 | -94.2% |
| Deferred charges and accrued income | 490/1 | €821 | €1,541 | +€720 | +87.8% |
| Total equity and liabilities | 10/49 | €152,802 | €149,206 | -€3,596 | -2.4% |
| Equity | 10/15 | €5,120 | €9,740 | +€4,620 | +90.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,805 | €122,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €120,950 | €122,805 | +€1,855 | +1.5% |
| Profit (loss) carried forward | 14 | -€123,885 | -€119,265 | +€4,620 | +3.7% |
| Amounts payable | 17/49 | €147,682 | €139,465 | -€8,217 | -5.6% |
| Amounts payable within one year | 42/48 | €145,712 | €137,414 | -€8,298 | -5.7% |
| Trade debts | 44 | €1,380 | €4,771 | +€3,390 | +245.6% |
| Suppliers | 440/4 | €1,380 | €4,771 | +€3,390 | +245.6% |
| Taxes, remuneration and social security | 45 | €629 | €1,399 | +€769 | +122.2% |
| Taxes | 450/3 | €629 | €1,399 | +€769 | +122.2% |
| Other amounts payable | 47/48 | €143,702 | €131,245 | -€12,457 | -8.7% |
| Accrued charges and deferred income | 492/3 | €1,970 | €2,051 | +€81 | +4.1% |
| Non-recurring operating income | 76A | - | €913 | +€913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €301 | +€73 | +32.2% |
| Other operating charges | 640/8 | €2,904 | €1,898 | -€1,007 | -34.7% |
| Gross operating margin | 9900 | €79 | €7,857 | +€7,777 | +9827.4% |
| Operating profit (loss) | 9901 | -€3,053 | €5,658 | +€8,711 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €295 | €358 | +€62 | +21.1% |
| Recurring financial charges | 65 | €295 | €358 | +€62 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,348 | €5,311 | +€8,659 | |
| Income taxes | 67/77 | €629 | €691 | +€61 | +9.8% |
| Profit (loss) for the period | 9904 | -€3,978 | €4,620 | +€8,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,978 | €4,620 | +€8,598 |
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 5 October 2026 via checked.be.