Sanfran: 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.
Sanfran
Largest movements
- Cash +€13,692
up €13,692 (+56.2%), from €24,364 to €38,056
mainly Depreciation (+€49,649) and Receivables within one year (+€12,503)
- Receivables within one year -€12,503
down €12,503 (-39.4%), from €31,704 to €19,201
of which Trade receivables: -€12,303
- Debts after one year -€12,565
down €12,565 (-3.6%), from €352,312 to €339,746
- Other debts -€12,450
down €12,450 (-27.8%), from €44,843 to €32,393
- Profit (loss) carried forward +€8,782
up €8,782 (+8.7%), from €100,647 to €109,428
- Gross operating margin -€30,135
down €30,135 (-28.5%), from €105,881 to €75,746
- Depreciation +€3,256
up €3,256 (+7.0%), from €46,393 to €49,649
- Taxes -€2,274
down €2,274 (-55.4%), from €4,102 to €1,828
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 | €773,464 | €770,746 | -€2,718 | -0.4% |
| Fixed assets | 21/28 | €717,397 | €713,490 | -€3,907 | -0.5% |
| Tangible fixed assets | 22/27 | €717,397 | €713,490 | -€3,907 | -0.5% |
| Land and buildings | 22 | €684,921 | €682,313 | -€2,608 | -0.4% |
| Plant, machinery and equipment | 23 | €15,530 | €14,416 | -€1,114 | -7.2% |
| Furniture and vehicles | 24 | €16,946 | €16,761 | -€185 | -1.1% |
| Current assets | 29/58 | €56,067 | €57,256 | +€1,189 | +2.1% |
| Amounts receivable within one year | 40/41 | €31,704 | €19,201 | -€12,503 | -39.4% |
| Trade receivables | 40 | €31,441 | €19,138 | -€12,303 | -39.1% |
| Other amounts receivable | 41 | €262 | €63 | -€200 | -76.2% |
| Cash at bank and in hand | 54/58 | €24,364 | €38,056 | +€13,692 | +56.2% |
| Total equity and liabilities | 10/49 | €773,464 | €770,746 | -€2,718 | -0.4% |
| Equity | 10/15 | €343,421 | €352,202 | +€8,782 | +2.6% |
| Contributions | 10/11 | €242,774 | €242,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,647 | €109,428 | +€8,782 | +8.7% |
| Amounts payable | 17/49 | €430,043 | €418,544 | -€11,499 | -2.7% |
| Amounts payable after more than one year | 17 | €352,312 | €339,746 | -€12,565 | -3.6% |
| Financial debts | 170/4 | €352,312 | €339,746 | -€12,565 | -3.6% |
| Amounts payable within one year | 42/48 | €77,731 | €78,797 | +€1,066 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €12,241 | €12,565 | +€325 | +2.7% |
| Trade debts | 44 | €4,424 | €10,076 | +€5,652 | +127.8% |
| Suppliers | 440/4 | €4,424 | €10,076 | +€5,652 | +127.8% |
| Advances received on contracts in progress | 46 | €10,934 | €15,906 | +€4,972 | +45.5% |
| Taxes, remuneration and social security | 45 | €5,290 | €7,857 | +€2,567 | +48.5% |
| Taxes | 450/3 | €5,290 | €7,857 | +€2,567 | +48.5% |
| Other amounts payable | 47/48 | €44,843 | €32,393 | -€12,450 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,393 | €49,649 | +€3,256 | +7.0% |
| Other operating charges | 640/8 | €3,320 | €3,172 | -€148 | -4.5% |
| Gross operating margin | 9900 | €105,881 | €75,746 | -€30,135 | -28.5% |
| Operating profit (loss) | 9901 | €56,168 | €22,926 | -€33,242 | -59.2% |
| Financial income | 75/76B | €82 | €120 | +€38 | +46.5% |
| Recurring financial income | 75 | €82 | €120 | +€38 | +46.5% |
| Financial charges | 65/66B | €12,615 | €12,437 | -€178 | -1.4% |
| Recurring financial charges | 65 | €12,615 | €12,437 | -€178 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €43,635 | €10,609 | -€33,026 | -75.7% |
| Income taxes | 67/77 | €4,102 | €1,828 | -€2,274 | -55.4% |
| Profit (loss) for the period | 9904 | €39,533 | €8,782 | -€30,752 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,533 | €8,782 | -€30,752 | -77.8% |
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 6 October 2026 via checked.be.