SANGHELIOS: 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.
SANGHELIOS
Largest movements
- Cash +€21,183
up €21,183 (+73.4%), from €28,869 to €50,052
mainly Other debts (+€28,022) and Net result for the year (+€23,372)
- Tangible fixed assets +€6,872
new in 2025: €6,872
- Other debts +€28,022
up €28,022 (+197.0%), from €14,227 to €42,249
- Reserves -€10,575
down €10,575 (-61.0%), from €17,331 to €6,756
- Profit (loss) carried forward +€8,947
no longer reported in 2025 (was -€8,947)
- Tax, wage and social debts +€1,662
up €1,662 (+37.3%), from €4,458 to €6,120
- Gross operating margin +€31,652
up €31,652, from -€1,501 to €30,151
- Taxes +€4,628
new in 2025: €4,628
- Depreciation +€1,316
new in 2025: €1,316
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 | €37,069 | €65,125 | +€28,056 | +75.7% |
| Fixed assets | 21/28 | - | €6,872 | +€6,872 | |
| Tangible fixed assets | 22/27 | - | €6,872 | +€6,872 | |
| Furniture and vehicles | 24 | - | €6,872 | +€6,872 | |
| Current assets | 29/58 | €37,069 | €58,253 | +€21,183 | +57.1% |
| Amounts receivable within one year | 40/41 | €8,200 | €8,200 | = | 0.0% |
| Trade receivables | 40 | €7,200 | €7,200 | = | 0.0% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,869 | €50,052 | +€21,183 | +73.4% |
| Total equity and liabilities | 10/49 | €37,069 | €65,125 | +€28,056 | +75.7% |
| Equity | 10/15 | €18,384 | €16,756 | -€1,628 | -8.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,331 | €6,756 | -€10,575 | -61.0% |
| Distributable reserves | 133 | €17,331 | €6,756 | -€10,575 | -61.0% |
| Profit (loss) carried forward | 14 | -€8,947 | - | +€8,947 | |
| Amounts payable | 17/49 | €18,685 | €48,369 | +€29,684 | +158.9% |
| Amounts payable within one year | 42/48 | €18,685 | €48,369 | +€29,684 | +158.9% |
| Taxes, remuneration and social security | 45 | €4,458 | €6,120 | +€1,662 | +37.3% |
| Taxes | 450/3 | €4,458 | €6,120 | +€1,662 | +37.3% |
| Other amounts payable | 47/48 | €14,227 | €42,249 | +€28,022 | +197.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,316 | +€1,316 | |
| Other operating charges | 640/8 | €569 | €789 | +€220 | +38.7% |
| Gross operating margin | 9900 | -€1,501 | €30,151 | +€31,652 | |
| Operating profit (loss) | 9901 | -€2,070 | €28,046 | +€30,116 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €44 | €46 | +€2 | +5.3% |
| Recurring financial charges | 65 | €44 | €46 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,114 | €28,000 | +€30,114 | |
| Income taxes | 67/77 | - | €4,628 | +€4,628 | |
| Profit (loss) for the period | 9904 | -€2,114 | €23,372 | +€25,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,114 | €23,372 | +€25,486 |
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 9 October 2026 via checked.be.