SANEQUINE: 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.
SANEQUINE
Largest movements
- Cash +€98,762
up €98,762 (+33.5%), from €295,239 to €394,001
mainly Net result for the year (+€152,219) and Other debts (+€81,845)
- Receivables within one year -€22,253
down €22,253 (-44.4%), from €50,090 to €27,837
of which Trade receivables: -€19,236
- Stocks and contracts +€8,499
up €8,499 (+59.6%), from €14,254 to €22,753
- Tangible fixed assets -€6,669
down €6,669 (-53.5%), from €12,460 to €5,791
of which Furniture and vehicles: -€6,499
- Other debts +€81,845
up €81,845 (+24.6%), from €333,309 to €415,154
- Tax, wage and social debts -€6,841
down €6,841 (-43.2%), from €15,833 to €8,992
- Gross operating margin -€3,711
down €3,711 (-1.7%), from €213,157 to €209,446
- Depreciation -€2,500
down €2,500 (-22.0%), from €11,348 to €8,849
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 | €372,889 | €450,764 | +€77,875 | +20.9% |
| Fixed assets | 21/28 | €13,043 | €5,852 | -€7,191 | -55.1% |
| Intangible fixed assets | 21 | €584 | €62 | -€522 | -89.4% |
| Tangible fixed assets | 22/27 | €12,460 | €5,791 | -€6,669 | -53.5% |
| Plant, machinery and equipment | 23 | €931 | €761 | -€170 | -18.3% |
| Furniture and vehicles | 24 | €11,529 | €5,030 | -€6,499 | -56.4% |
| Current assets | 29/58 | €359,846 | €444,912 | +€85,066 | +23.6% |
| Stocks and contracts in progress | 3 | €14,254 | €22,753 | +€8,499 | +59.6% |
| Stocks | 30/36 | €14,254 | €22,753 | +€8,499 | +59.6% |
| Amounts receivable within one year | 40/41 | €50,090 | €27,837 | -€22,253 | -44.4% |
| Trade receivables | 40 | €41,644 | €22,409 | -€19,236 | -46.2% |
| Other amounts receivable | 41 | €8,446 | €5,429 | -€3,017 | -35.7% |
| Cash at bank and in hand | 54/58 | €295,239 | €394,001 | +€98,762 | +33.5% |
| Deferred charges and accrued income | 490/1 | €262 | €321 | +€59 | +22.3% |
| Total equity and liabilities | 10/49 | €372,889 | €450,764 | +€77,875 | +20.9% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Amounts payable | 17/49 | €352,429 | €430,304 | +€77,875 | +22.1% |
| Amounts payable within one year | 42/48 | €352,429 | €430,304 | +€77,875 | +22.1% |
| Financial debts | 43 | €736 | €288 | -€448 | -60.8% |
| Credit institutions | 430/8 | €736 | €288 | -€448 | -60.8% |
| Trade debts | 44 | €2,551 | €5,870 | +€3,319 | +130% |
| Suppliers | 440/4 | €2,551 | €5,870 | +€3,319 | +130% |
| Taxes, remuneration and social security | 45 | €15,833 | €8,992 | -€6,841 | -43.2% |
| Taxes | 450/3 | €15,833 | €8,992 | -€6,841 | -43.2% |
| Other amounts payable | 47/48 | €333,309 | €415,154 | +€81,845 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,348 | €8,849 | -€2,500 | -22.0% |
| Other operating charges | 640/8 | €687 | €400 | -€288 | -41.8% |
| Gross operating margin | 9900 | €213,157 | €209,446 | -€3,711 | -1.7% |
| Operating profit (loss) | 9901 | €201,122 | €200,198 | -€924 | -0.5% |
| Financial income | 75/76B | - | €707 | +€707 | |
| Recurring financial income | 75 | - | €707 | +€707 | |
| Financial charges | 65/66B | €3,372 | €2,652 | -€720 | -21.3% |
| Recurring financial charges | 65 | €3,372 | €2,652 | -€720 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €197,750 | €198,253 | +€503 | +0.3% |
| Income taxes | 67/77 | €45,368 | €46,034 | +€666 | +1.5% |
| Profit (loss) for the period | 9904 | €152,382 | €152,219 | -€163 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €152,382 | €152,219 | -€163 | -0.1% |
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 21 October 2026 via checked.be.