SANFOCUS: 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.
SANFOCUS
Largest movements
- Receivables within one year -€40,862
down €40,862 (-70.9%), from €57,663 to €16,801
of which Trade receivables: -€41,115
- Cash +€37,151
up €37,151 (+74.5%), from €49,866 to €87,017
mainly Net result for the year (+€64,439) and Receivables within one year (+€40,862)
- Tangible fixed assets -€24,455
down €24,455 (-6.8%), from €362,188 to €337,733
- Deferred charges and accrued income +€14,019
up €14,019 (+517.9%), from €2,707 to €16,726
- Reserves +€57,320
up €57,320 (+35.2%), from €162,789 to €220,109
- Other debts -€29,337
down €29,337 (-81.3%), from €36,100 to €6,763
- Current portion of long-term debt -€22,512
down €22,512 (-69.3%), from €32,476 to €9,964
- Debts after one year -€9,964
down €9,964 (-44.9%), from €22,201 to €12,237
- Tax, wage and social debts -€9,442
down €9,442 (-49.4%), from €19,094 to €9,652
- Taxes -€2,732
down €2,732 (-10.4%), from €26,232 to €23,500
- Gross operating margin -€2,307
down €2,307 (-1.8%), from €127,117 to €124,810
- Financial charges +€2,272
up €2,272 (+73.4%), from €3,094 to €5,366
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 | €472,424 | €458,277 | -€14,147 | -3.0% |
| Fixed assets | 21/28 | €362,188 | €337,733 | -€24,455 | -6.8% |
| Tangible fixed assets | 22/27 | €362,188 | €337,733 | -€24,455 | -6.8% |
| Land and buildings | 22 | €83,486 | €79,029 | -€4,458 | -5.3% |
| Plant, machinery and equipment | 23 | €1,907 | €3,381 | +€1,474 | +77.3% |
| Furniture and vehicles | 24 | €33,925 | €23,513 | -€10,412 | -30.7% |
| Other tangible fixed assets | 26 | €242,869 | €231,811 | -€11,058 | -4.6% |
| Current assets | 29/58 | €110,237 | €120,544 | +€10,307 | +9.4% |
| Amounts receivable within one year | 40/41 | €57,663 | €16,801 | -€40,862 | -70.9% |
| Trade receivables | 40 | €57,291 | €16,176 | -€41,115 | -71.8% |
| Other amounts receivable | 41 | €373 | €625 | +€253 | +67.8% |
| Cash at bank and in hand | 54/58 | €49,866 | €87,017 | +€37,151 | +74.5% |
| Deferred charges and accrued income | 490/1 | €2,707 | €16,726 | +€14,019 | +517.9% |
| Total equity and liabilities | 10/49 | €472,424 | €458,277 | -€14,147 | -3.0% |
| Equity | 10/15 | €355,575 | €412,895 | +€57,320 | +16.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €162,789 | €220,109 | +€57,320 | +35.2% |
| Distributable reserves | 133 | €162,789 | €220,109 | +€57,320 | +35.2% |
| Profit (loss) carried forward | 14 | €180,386 | €180,386 | = | 0.0% |
| Amounts payable | 17/49 | €116,849 | €45,382 | -€71,467 | -61.2% |
| Amounts payable after more than one year | 17 | €22,201 | €12,237 | -€9,964 | -44.9% |
| Financial debts | 170/4 | €22,201 | €12,237 | -€9,964 | -44.9% |
| Amounts payable within one year | 42/48 | €88,442 | €26,814 | -€61,628 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €32,476 | €9,964 | -€22,512 | -69.3% |
| Trade debts | 44 | €772 | €435 | -€338 | -43.7% |
| Suppliers | 440/4 | €772 | €435 | -€338 | -43.7% |
| Taxes, remuneration and social security | 45 | €19,094 | €9,652 | -€9,442 | -49.4% |
| Taxes | 450/3 | €19,094 | €9,652 | -€9,442 | -49.4% |
| Other amounts payable | 47/48 | €36,100 | €6,763 | -€29,337 | -81.3% |
| Accrued charges and deferred income | 492/3 | €6,206 | €6,331 | +€125 | +2.0% |
| Non-recurring operating income | 76A | €0 | €21,000 | +€21,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,880 | €27,683 | -€197 | -0.7% |
| Other operating charges | 640/8 | €4,112 | €3,829 | -€283 | -6.9% |
| Gross operating margin | 9900 | €127,117 | €124,810 | -€2,307 | -1.8% |
| Operating profit (loss) | 9901 | €95,125 | €93,298 | -€1,828 | -1.9% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €3,094 | €5,366 | +€2,272 | +73.4% |
| Recurring financial charges | 65 | €3,094 | €5,366 | +€2,272 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | €92,031 | €87,939 | -€4,092 | -4.4% |
| Income taxes | 67/77 | €26,232 | €23,500 | -€2,732 | -10.4% |
| Profit (loss) for the period | 9904 | €65,799 | €64,439 | -€1,360 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,799 | €64,439 | -€1,360 | -2.1% |
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 2 October 2026 via checked.be.