SANET'IC: 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.
SANET'IC
Largest movements
- Intangible fixed assets -€135,853
no longer reported in 2025 (was €135,853)
- Tangible fixed assets +€103,082
up €103,082 (+25.0%), from €411,748 to €514,830
of which Land and buildings: +€118,574
- Cash +€14,552
up €14,552 (+603%), from €2,415 to €16,967
mainly Depreciation (+€32,771) and Trade debts (+€19,855)
- Receivables within one year -€8,609
down €8,609 (-28.8%), from €29,906 to €21,297
- Debts after one year -€31,332
down €31,332 (-28.6%), from €109,525 to €78,193
- Trade debts +€19,855
up €19,855 (+245%), from €8,109 to €27,964
- Current portion of long-term debt -€11,274
down €11,274 (-26.5%), from €42,611 to €31,337
- Profit (loss) carried forward -€8,599
down €8,599 (-2.8%), from €303,594 to €294,995
- Financial income -€14,515
down €14,515 (-50.5%), from €28,736 to €14,221
- Gross operating margin +€11,113
up €11,113 (+258%), from €4,314 to €15,427
- Depreciation -€8,315
down €8,315 (-20.2%), from €41,086 to €32,771
- Financial charges -€1,641
down €1,641 (-27.9%), from €5,888 to €4,247
- Taxes +€411
up €411 (+135%), from €304 to €715
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 | €582,320 | €556,052 | -€26,268 | -4.5% |
| Fixed assets | 21/28 | €549,111 | €517,540 | -€31,571 | -5.7% |
| Intangible fixed assets | 21 | €135,853 | - | -€135,853 | |
| Tangible fixed assets | 22/27 | €411,748 | €514,830 | +€103,082 | +25.0% |
| Land and buildings | 22 | €334,083 | €452,657 | +€118,574 | +35.5% |
| Plant, machinery and equipment | 23 | €59,755 | €51,668 | -€8,087 | -13.5% |
| Furniture and vehicles | 24 | €17,911 | €10,505 | -€7,406 | -41.3% |
| Financial fixed assets | 28 | €1,510 | €2,710 | +€1,200 | +79.5% |
| Current assets | 29/58 | €33,209 | €38,513 | +€5,304 | +16.0% |
| Amounts receivable within one year | 40/41 | €29,906 | €21,297 | -€8,609 | -28.8% |
| Trade receivables | 40 | €29,906 | €21,297 | -€8,609 | -28.8% |
| Cash at bank and in hand | 54/58 | €2,415 | €16,967 | +€14,552 | +603% |
| Deferred charges and accrued income | 490/1 | €888 | €249 | -€639 | -72.0% |
| Total equity and liabilities | 10/49 | €582,320 | €556,052 | -€26,268 | -4.5% |
| Equity | 10/15 | €353,115 | €344,516 | -€8,599 | -2.4% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €6,140 | €6,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,140 | €6,140 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,140 | €6,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,594 | €294,995 | -€8,599 | -2.8% |
| Amounts payable | 17/49 | €229,205 | €211,536 | -€17,669 | -7.7% |
| Amounts payable after more than one year | 17 | €109,525 | €78,193 | -€31,332 | -28.6% |
| Financial debts | 170/4 | €109,525 | €78,193 | -€31,332 | -28.6% |
| Amounts payable within one year | 42/48 | €119,680 | €133,343 | +€13,663 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €42,611 | €31,337 | -€11,274 | -26.5% |
| Trade debts | 44 | €8,109 | €27,964 | +€19,855 | +245% |
| Suppliers | 440/4 | €8,109 | €27,964 | +€19,855 | +245% |
| Taxes, remuneration and social security | 45 | €17,282 | €21,044 | +€3,763 | +21.8% |
| Taxes | 450/3 | €1,781 | €5,635 | +€3,854 | +216% |
| Remuneration and social security | 454/9 | €15,501 | €15,409 | -€91 | -0.6% |
| Other amounts payable | 47/48 | €51,678 | €52,998 | +€1,320 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,086 | €32,771 | -€8,315 | -20.2% |
| Other operating charges | 640/8 | €215 | €514 | +€299 | +139% |
| Gross operating margin | 9900 | €4,314 | €15,427 | +€11,113 | +258% |
| Operating profit (loss) | 9901 | -€36,987 | -€17,858 | +€19,129 | +51.7% |
| Financial income | 75/76B | €28,736 | €14,221 | -€14,515 | -50.5% |
| Recurring financial income | 75 | €28,736 | €14,221 | -€14,515 | -50.5% |
| Financial charges | 65/66B | €5,888 | €4,247 | -€1,641 | -27.9% |
| Recurring financial charges | 65 | €5,888 | €4,247 | -€1,641 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,138 | -€7,884 | +€6,254 | +44.2% |
| Income taxes | 67/77 | €304 | €715 | +€411 | +135% |
| Profit (loss) for the period | 9904 | -€14,442 | -€8,599 | +€5,843 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,442 | -€8,599 | +€5,843 | +40.5% |
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 18 October 2026 via checked.be.