SANENALEX: 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.
SANENALEX
Largest movements
- Receivables after one year -€30,000
down €30,000 (-100%), from €30,000 to €0
- Cash +€20,941
up €20,941 (+32.7%), from €64,038 to €84,979
mainly Other debts (+€160,691) and Net result for the year (+€50,342)
- Receivables within one year +€11,685
up €11,685 (+14.6%), from €80,018 to €91,703
of which Trade receivables: +€11,065
- Profit (loss) carried forward -€166,291
down €166,291 (-100%), from €166,291 to €0
- Other debts +€160,691
up €160,691 (+81,104%), from €198 to €160,889
- Tax, wage and social debts +€9,892
up €9,892 (+171%), from €5,792 to €15,684
- Gross operating margin +€26,915
up €26,915 (+65.8%), from €40,910 to €67,825
- Taxes +€5,447
up €5,447 (+69.5%), from €7,839 to €13,287
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.
Derived cash bridge
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 | €179,572 | €182,181 | +€2,609 | +1.5% |
| Fixed assets | 21/28 | €878 | €641 | -€237 | -27.0% |
| Intangible fixed assets | 21 | €741 | €641 | -€100 | -13.5% |
| Tangible fixed assets | 22/27 | €137 | €0 | -€137 | -100% |
| Plant, machinery and equipment | 23 | €137 | €0 | -€137 | -100% |
| Current assets | 29/58 | €178,694 | €181,540 | +€2,846 | +1.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100% |
| Amounts receivable within one year | 40/41 | €80,018 | €91,703 | +€11,685 | +14.6% |
| Trade receivables | 40 | €76,263 | €87,328 | +€11,065 | +14.5% |
| Other amounts receivable | 41 | €3,754 | €4,375 | +€620 | +16.5% |
| Cash at bank and in hand | 54/58 | €64,038 | €84,979 | +€20,941 | +32.7% |
| Deferred charges and accrued income | 490/1 | €4,638 | €4,858 | +€220 | +4.7% |
| Total equity and liabilities | 10/49 | €179,572 | €182,181 | +€2,609 | +1.5% |
| Equity | 10/15 | €171,291 | €5,000 | -€166,291 | -97.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,291 | €0 | -€166,291 | -100% |
| Amounts payable | 17/49 | €8,281 | €177,181 | +€168,900 | +2,040% |
| Amounts payable within one year | 42/48 | €8,281 | €177,181 | +€168,900 | +2,040% |
| Trade debts | 44 | €2,291 | €608 | -€1,682 | -73.4% |
| Suppliers | 440/4 | €2,291 | €608 | -€1,682 | -73.4% |
| Taxes, remuneration and social security | 45 | €5,792 | €15,684 | +€9,892 | +171% |
| Taxes | 450/3 | €5,792 | €15,684 | +€9,892 | +171% |
| Other amounts payable | 47/48 | €198 | €160,889 | +€160,691 | +81,104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €237 | -€196 | -45.3% |
| Other operating charges | 640/8 | €641 | €730 | +€88 | +13.8% |
| Gross operating margin | 9900 | €40,910 | €67,825 | +€26,915 | +65.8% |
| Operating profit (loss) | 9901 | €39,835 | €66,858 | +€27,023 | +67.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €3,802 | €3,231 | -€570 | -15.0% |
| Recurring financial charges | 65 | €3,802 | €3,231 | -€570 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €36,033 | €63,629 | +€27,595 | +76.6% |
| Income taxes | 67/77 | €7,839 | €13,287 | +€5,447 | +69.5% |
| Profit (loss) for the period | 9904 | €28,194 | €50,342 | +€22,148 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,194 | €50,342 | +€22,148 | +78.6% |
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 27 October 2026 via checked.be.