SANESTY: 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.
SANESTY
Largest movements
- Tangible fixed assets -€53,650
down €53,650 (-16.0%), from €334,990 to €281,340
of which Furniture and vehicles: -€31,206
- Deferred charges and accrued income -€22,673
down €22,673 (-68.1%), from €33,308 to €10,635
- Cash -€14,549
down €14,549 (-60.1%), from €24,221 to €9,673
mainly Other debts (-€57,320) and Tax, wage and social debts (-€29,361)
- Receivables within one year +€13,104
up €13,104 (+64.0%), from €20,491 to €33,595
of which Other amounts receivable: +€8,334
- Stocks and contracts +€7,192
up €7,192 (+15.9%), from €45,128 to €52,320
- Other debts -€57,320
no longer reported in 2025 (was €57,320)
- Debts after one year +€33,831
up €33,831 (+19.5%), from €173,468 to €207,299
- Tax, wage and social debts -€29,361
down €29,361 (-41.1%), from €71,362 to €42,001
of which Taxes: -€23,841
- Profit (loss) carried forward -€27,273
down €27,273 (-37.5%), from €72,740 to €45,467
- Current portion of long-term debt +€12,828
up €12,828 (+74.0%), from €17,328 to €30,156
- Staff costs +€28,459
up €28,459 (+9.2%), from €310,727 to €339,186
- Gross operating margin -€18,259
down €18,259 (-4.2%), from €438,761 to €420,502
- Depreciation +€9,913
up €9,913 (+15.5%), from €63,789 to €73,703
- Other operating charges +€5,585
up €5,585 (+42.0%), from €13,284 to €18,869
- Financial charges +€4,475
up €4,475 (+39.7%), from €11,268 to €15,743
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 | €458,307 | €387,731 | -€70,576 | -15.4% |
| Fixed assets | 21/28 | €335,159 | €281,509 | -€53,650 | -16.0% |
| Tangible fixed assets | 22/27 | €334,990 | €281,340 | -€53,650 | -16.0% |
| Plant, machinery and equipment | 23 | €57,377 | €64,057 | +€6,679 | +11.6% |
| Furniture and vehicles | 24 | €56,052 | €24,846 | -€31,206 | -55.7% |
| Other tangible fixed assets | 26 | €76,913 | €57,767 | -€19,145 | -24.9% |
| Assets under construction and advance payments | 27 | €144,648 | €134,670 | -€9,978 | -6.9% |
| Financial fixed assets | 28 | €169 | €169 | = | 0.0% |
| Current assets | 29/58 | €123,148 | €106,222 | -€16,926 | -13.7% |
| Stocks and contracts in progress | 3 | €45,128 | €52,320 | +€7,192 | +15.9% |
| Stocks | 30/36 | €45,128 | €52,320 | +€7,192 | +15.9% |
| Amounts receivable within one year | 40/41 | €20,491 | €33,595 | +€13,104 | +64.0% |
| Trade receivables | 40 | €5,143 | €9,914 | +€4,771 | +92.8% |
| Other amounts receivable | 41 | €15,348 | €23,681 | +€8,334 | +54.3% |
| Cash at bank and in hand | 54/58 | €24,221 | €9,673 | -€14,549 | -60.1% |
| Deferred charges and accrued income | 490/1 | €33,308 | €10,635 | -€22,673 | -68.1% |
| Total equity and liabilities | 10/49 | €458,307 | €387,731 | -€70,576 | -15.4% |
| Equity | 10/15 | €116,455 | €89,182 | -€27,273 | -23.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €13,714 | €13,714 | = | 0.0% |
| Distributable reserves | 133 | €13,714 | €13,714 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,740 | €45,467 | -€27,273 | -37.5% |
| Amounts payable | 17/49 | €341,852 | €298,549 | -€43,303 | -12.7% |
| Amounts payable after more than one year | 17 | €173,468 | €207,299 | +€33,831 | +19.5% |
| Financial debts | 170/4 | €173,468 | €207,299 | +€33,831 | +19.5% |
| Amounts payable within one year | 42/48 | €165,909 | €91,250 | -€74,659 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €17,328 | €30,156 | +€12,828 | +74.0% |
| Trade debts | 44 | €19,898 | €19,093 | -€806 | -4.0% |
| Suppliers | 440/4 | €19,898 | €19,093 | -€806 | -4.0% |
| Taxes, remuneration and social security | 45 | €71,362 | €42,001 | -€29,361 | -41.1% |
| Taxes | 450/3 | €35,486 | €11,645 | -€23,841 | -67.2% |
| Remuneration and social security | 454/9 | €35,876 | €30,356 | -€5,520 | -15.4% |
| Other amounts payable | 47/48 | €57,320 | - | -€57,320 | |
| Accrued charges and deferred income | 492/3 | €2,475 | - | -€2,475 | |
| Non-recurring operating income | 76A | €6,837 | €1,185 | -€5,652 | -82.7% |
| Remuneration, social security and pensions | 62 | €310,727 | €339,186 | +€28,459 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,789 | €73,703 | +€9,913 | +15.5% |
| Other operating charges | 640/8 | €13,284 | €18,869 | +€5,585 | +42.0% |
| Non-recurring operating charges | 66A | €3,381 | - | -€3,381 | |
| Gross operating margin | 9900 | €438,761 | €420,502 | -€18,259 | -4.2% |
| Operating profit (loss) | 9901 | €47,579 | -€11,256 | -€58,835 | |
| Financial income | 75/76B | €110 | €2 | -€108 | -98.0% |
| Recurring financial income | 75 | €110 | €2 | -€108 | -98.0% |
| Financial charges | 65/66B | €11,268 | €15,743 | +€4,475 | +39.7% |
| Recurring financial charges | 65 | €11,268 | €15,743 | +€4,475 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €36,421 | -€26,996 | -€63,418 | |
| Income taxes | 67/77 | €281 | €277 | -€4 | -1.5% |
| Profit (loss) for the period | 9904 | €36,141 | -€27,273 | -€63,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,141 | -€27,273 | -€63,414 |
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 1 October 2026 via checked.be.