SANFE CONSTRUCT: 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.
SANFE CONSTRUCT
Largest movements
- Tangible fixed assets -€18,428
down €18,428 (-44.0%), from €41,907 to €23,479
of which Furniture and vehicles: -€18,172
- Receivables within one year +€4,511
up €4,511 (+7.6%), from €59,701 to €64,212
of which Other amounts receivable: +€6,203
- Trade debts -€16,599
down €16,599 (-65.5%), from €25,348 to €8,749
- Other debts +€6,280
up €6,280 (+9.8%), from €64,194 to €70,474
- Tax, wage and social debts -€5,084
down €5,084 (-84.3%), from €6,034 to €950
of which Taxes: -€3,084
- Profit (loss) carried forward +€2,154
up €2,154 (+521.5%), from €413 to €2,567
- Gross operating margin +€62,546
up €62,546, from -€12,917 to €49,629
- Other operating charges -€1,379
down €1,379 (-5.3%), from €26,065 to €24,686
- Depreciation -€574
down €574 (-2.6%), from €21,725 to €21,151
- Taxes -€554
down €554 (-27.2%), from €2,034 to €1,480
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 | €105,183 | €91,605 | -€13,578 | -12.9% |
| Fixed assets | 21/28 | €41,907 | €23,479 | -€18,428 | -44.0% |
| Tangible fixed assets | 22/27 | €41,907 | €23,479 | -€18,428 | -44.0% |
| Plant, machinery and equipment | 23 | €3,061 | €2,805 | -€256 | -8.4% |
| Furniture and vehicles | 24 | €38,846 | €20,674 | -€18,172 | -46.8% |
| Current assets | 29/58 | €63,276 | €68,126 | +€4,850 | +7.7% |
| Amounts receivable within one year | 40/41 | €59,701 | €64,212 | +€4,511 | +7.6% |
| Trade receivables | 40 | €58,841 | €57,149 | -€1,692 | -2.9% |
| Other amounts receivable | 41 | €860 | €7,063 | +€6,203 | +721.3% |
| Cash at bank and in hand | 54/58 | €124 | €198 | +€74 | +59.7% |
| Deferred charges and accrued income | 490/1 | €3,451 | €3,716 | +€265 | +7.7% |
| Total equity and liabilities | 10/49 | €105,183 | €91,605 | -€13,578 | -12.9% |
| Equity | 10/15 | €9,273 | €11,427 | +€2,154 | +23.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €413 | €2,567 | +€2,154 | +521.5% |
| Amounts payable | 17/49 | €95,910 | €80,178 | -€15,732 | -16.4% |
| Amounts payable within one year | 42/48 | €95,576 | €80,178 | -€15,398 | -16.1% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €25,348 | €8,749 | -€16,599 | -65.5% |
| Suppliers | 440/4 | €25,348 | €8,749 | -€16,599 | -65.5% |
| Taxes, remuneration and social security | 45 | €6,034 | €950 | -€5,084 | -84.3% |
| Taxes | 450/3 | €4,034 | €950 | -€3,084 | -76.5% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €64,194 | €70,474 | +€6,280 | +9.8% |
| Accrued charges and deferred income | 492/3 | €334 | - | -€334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,725 | €21,151 | -€574 | -2.6% |
| Other operating charges | 640/8 | €26,065 | €24,686 | -€1,379 | -5.3% |
| Gross operating margin | 9900 | -€12,917 | €49,629 | +€62,546 | |
| Operating profit (loss) | 9901 | -€60,707 | €3,792 | +€64,499 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €128 | €159 | +€31 | +24.2% |
| Recurring financial charges | 65 | €128 | €159 | +€31 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€60,833 | €3,634 | +€64,467 | |
| Income taxes | 67/77 | €2,034 | €1,480 | -€554 | -27.2% |
| Profit (loss) for the period | 9904 | -€62,867 | €2,154 | +€65,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,867 | €2,154 | +€65,021 |
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 5 October 2026 via checked.be.