Sanema: what changed
What changed
Sanema
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€31,635
2024 · €33,679-€2,043
Equity
€399,011
2024 · €395,947+€3,064
Cash
€89,290
2024 · €19,960+€69,330
Balance sheet total
€771,606
2024 · €775,341-€3,736
Largest movements
Assets
- Cash +€69,330
up €69,330 (+347%), from €19,960 to €89,290
mainly Depreciation (+€84,810) and Receivables within one year (+€62,826)
- Receivables within one year -€62,826
down €62,826 (-65.5%), from €95,893 to €33,067
of which Trade receivables: -€63,027
- Tangible fixed assets -€8,531
down €8,531 (-1.3%), from €648,858 to €640,327
of which Leasing and similar rights: -€36,558
Equity and liabilities
- Debts after one year -€64,135
down €64,135 (-33.1%), from €193,588 to €129,453
- Trade debts +€40,405
up €40,405 (+114%), from €35,502 to €75,907
- Tax, wage and social debts +€18,620
up €18,620 (+24.3%), from €76,678 to €95,299
of which Taxes: +€16,073
Income statement
- Staff costs -€14,109
down €14,109 (-2.2%), from €637,182 to €623,073
- Depreciation +€8,139
up €8,139 (+10.6%), from €76,671 to €84,810
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,679
Gross operating margin
+€1,257
Staff costs
+€14,109
Depreciation
-€8,139
Other operating charges
-€4,951
Financial income
-€305
Financial charges
-€626
Taxes
-€3,387
Result 2025
€31,635
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€238,976
Investment
-€76,279
Financing
-€93,366
Cash 2024
€19,960
From operations (derived)
+€238,976
Net result for the year
+€31,635
Depreciation
+€84,810
Receivables within one year
+€62,826
Deferred charges and accrued income
+€1,709
Provisions
-€546
Trade debts
+€40,405
Tax, wage and social debts
+€18,620
Other debts
-€170
Accrued charges and deferred income
-€314
Investment (derived)
-€76,279
Investment in fixed assets (net)
-€76,279
Financing
-€93,366
Debts after one year
-€64,135
Current portion of long-term debt
-€659
Contributions, distributions and other
-€28,571
Cash 2025
€89,290
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €775,341 | €771,606 | -€3,736 | -0.5% |
| Fixed assets | 21/28 | €648,858 | €640,327 | -€8,531 | -1.3% |
| Tangible fixed assets | 22/27 | €648,858 | €640,327 | -€8,531 | -1.3% |
| Land and buildings | 22 | €441,138 | €408,729 | -€32,409 | -7.3% |
| Plant, machinery and equipment | 23 | €776 | €521 | -€255 | -32.8% |
| Furniture and vehicles | 24 | €34,277 | €94,968 | +€60,691 | +177% |
| Leasing and similar rights | 25 | €172,667 | €136,108 | -€36,558 | -21.2% |
| Current assets | 29/58 | €126,484 | €131,279 | +€4,795 | +3.8% |
| Amounts receivable within one year | 40/41 | €95,893 | €33,067 | -€62,826 | -65.5% |
| Trade receivables | 40 | €95,893 | €32,865 | -€63,027 | -65.7% |
| Other amounts receivable | 41 | - | €201 | +€201 | |
| Cash at bank and in hand | 54/58 | €19,960 | €89,290 | +€69,330 | +347% |
| Deferred charges and accrued income | 490/1 | €10,632 | €8,922 | -€1,709 | -16.1% |
| Total equity and liabilities | 10/49 | €775,341 | €771,606 | -€3,736 | -0.5% |
| Equity | 10/15 | €395,947 | €399,011 | +€3,064 | +0.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €26,710 | €25,071 | -€1,639 | -6.1% |
| Tax-exempt reserves | 132 | €24,850 | €23,211 | -€1,639 | -6.6% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,040 | €367,743 | +€4,703 | +1.3% |
| Provisions and deferred taxes | 16 | €8,283 | €7,737 | -€546 | -6.6% |
| Deferred taxes | 168 | €8,283 | €7,737 | -€546 | -6.6% |
| Amounts payable | 17/49 | €371,111 | €364,858 | -€6,253 | -1.7% |
| Amounts payable after more than one year | 17 | €193,588 | €129,453 | -€64,135 | -33.1% |
| Financial debts | 170/4 | €193,588 | €129,453 | -€64,135 | -33.1% |
| Amounts payable within one year | 42/48 | €177,146 | €235,342 | +€58,196 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €64,795 | €64,135 | -€659 | -1.0% |
| Trade debts | 44 | €35,502 | €75,907 | +€40,405 | +114% |
| Suppliers | 440/4 | €35,502 | €75,907 | +€40,405 | +114% |
| Taxes, remuneration and social security | 45 | €76,678 | €95,299 | +€18,620 | +24.3% |
| Taxes | 450/3 | €13,568 | €29,641 | +€16,073 | +118% |
| Remuneration and social security | 454/9 | €63,111 | €65,658 | +€2,547 | +4.0% |
| Other amounts payable | 47/48 | €170 | - | -€170 | |
| Accrued charges and deferred income | 492/3 | €377 | €63 | -€314 | -83.3% |
| Remuneration, social security and pensions | 62 | €637,182 | €623,073 | -€14,109 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,671 | €84,810 | +€8,139 | +10.6% |
| Other operating charges | 640/8 | €4,633 | €9,584 | +€4,951 | +107% |
| Gross operating margin | 9900 | €779,363 | €780,620 | +€1,257 | +0.2% |
| Operating profit (loss) | 9901 | €60,877 | €63,152 | +€2,276 | +3.7% |
| Financial income | 75/76B | €305 | - | -€305 | |
| Recurring financial income | 75 | €305 | - | -€305 | |
| Financial charges | 65/66B | €9,145 | €9,771 | +€626 | +6.8% |
| Recurring financial charges | 65 | €9,145 | €9,771 | +€626 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €52,036 | €53,381 | +€1,345 | +2.6% |
| Transfer from deferred taxes | 780 | €547 | €546 | -€1 | -0.1% |
| Income taxes | 67/77 | €18,905 | €22,292 | +€3,387 | +17.9% |
| Profit (loss) for the period | 9904 | €33,679 | €31,635 | -€2,043 | -6.1% |
| Transfer from tax-exempt reserves | 789 | €1,641 | €1,639 | -€2 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,320 | €33,274 | -€2,045 | -5.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.