SANGLAN: 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.
SANGLAN
Largest movements
- Cash +€85,175
up €85,175 (+30.9%), from €275,281 to €360,456
mainly Current investments (+€80,565) and Other debts (+€36,653)
- Current investments -€80,565
down €80,565 (-76.6%), from €105,202 to €24,637
- Receivables within one year +€25,383
up €25,383 (+63.0%), from €40,278 to €65,661
of which Trade receivables: +€26,600
- Tangible fixed assets -€8,631
down €8,631 (-14.3%), from €60,212 to €51,581
of which Land and buildings: -€8,300
- Other debts +€36,653
up €36,653 (+15.7%), from €234,026 to €270,679
- Reserves +€28,255
up €28,255 (+31.4%), from €90,052 to €118,308
of which Distributable reserves: +€28,255
- Debts after one year -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts -€21,100
down €21,100 (-59.7%), from €35,316 to €14,216
- Gross operating margin +€12,396
up €12,396 (+23.5%), from €52,840 to €65,236
- Financial charges +€10,638
up €10,638 (+19659.3%), from €54 to €10,692
- Other operating charges -€8,455
down €8,455 (-56.3%), from €15,025 to €6,569
- Taxes +€3,288
up €3,288 (+31.7%), from €10,360 to €13,648
- Financial income +€1,620
up €1,620 (+172.7%), from €939 to €2,559
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 | €604,685 | €628,992 | +€24,307 | +4.0% |
| Fixed assets | 21/28 | €60,212 | €51,581 | -€8,631 | -14.3% |
| Tangible fixed assets | 22/27 | €60,212 | €51,581 | -€8,631 | -14.3% |
| Land and buildings | 22 | €59,828 | €51,528 | -€8,300 | -13.9% |
| Furniture and vehicles | 24 | €384 | €53 | -€331 | -86.3% |
| Current assets | 29/58 | €544,473 | €577,411 | +€32,938 | +6.0% |
| Stocks and contracts in progress | 3 | €123,230 | €124,137 | +€907 | +0.7% |
| Stocks | 30/36 | €123,230 | €124,137 | +€907 | +0.7% |
| Amounts receivable within one year | 40/41 | €40,278 | €65,661 | +€25,383 | +63.0% |
| Trade receivables | 40 | €39,062 | €65,661 | +€26,600 | +68.1% |
| Other amounts receivable | 41 | €1,217 | - | -€1,217 | |
| Current investments | 50/53 | €105,202 | €24,637 | -€80,565 | -76.6% |
| Cash at bank and in hand | 54/58 | €275,281 | €360,456 | +€85,175 | +30.9% |
| Deferred charges and accrued income | 490/1 | €481 | €2,520 | +€2,039 | +423.6% |
| Total equity and liabilities | 10/49 | €604,685 | €628,992 | +€24,307 | +4.0% |
| Equity | 10/15 | €238,552 | €266,808 | +€28,255 | +11.8% |
| Contributions | 10/11 | €148,500 | €148,500 | = | 0.0% |
| Reserves | 13 | €90,052 | €118,308 | +€28,255 | +31.4% |
| Tax-exempt reserves | 132 | €13,882 | €13,882 | = | 0.0% |
| Distributable reserves | 133 | €76,170 | €104,426 | +€28,255 | +37.1% |
| Amounts payable | 17/49 | €366,132 | €362,185 | -€3,948 | -1.1% |
| Amounts payable after more than one year | 17 | €25,000 | - | -€25,000 | |
| Financial debts | 170/4 | €25,000 | - | -€25,000 | |
| Amounts payable within one year | 42/48 | €335,972 | €356,455 | +€20,482 | +6.1% |
| Trade debts | 44 | €66,631 | €71,560 | +€4,929 | +7.4% |
| Suppliers | 440/4 | €66,631 | €71,560 | +€4,929 | +7.4% |
| Taxes, remuneration and social security | 45 | €35,316 | €14,216 | -€21,100 | -59.7% |
| Taxes | 450/3 | €35,316 | €14,216 | -€21,100 | -59.7% |
| Other amounts payable | 47/48 | €234,026 | €270,679 | +€36,653 | +15.7% |
| Accrued charges and deferred income | 492/3 | €5,160 | €5,730 | +€570 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,876 | €8,631 | -€245 | -2.8% |
| Other operating charges | 640/8 | €15,025 | €6,569 | -€8,455 | -56.3% |
| Gross operating margin | 9900 | €52,840 | €65,236 | +€12,396 | +23.5% |
| Operating profit (loss) | 9901 | €28,939 | €50,036 | +€21,097 | +72.9% |
| Financial income | 75/76B | €939 | €2,559 | +€1,620 | +172.7% |
| Recurring financial income | 75 | €939 | €2,559 | +€1,620 | +172.7% |
| Financial charges | 65/66B | €54 | €10,692 | +€10,638 | +19659.3% |
| Recurring financial charges | 65 | €54 | €10,692 | +€10,638 | +19659.3% |
| Profit (loss) for the period before taxes | 9903 | €29,824 | €41,903 | +€12,079 | +40.5% |
| Income taxes | 67/77 | €10,360 | €13,648 | +€3,288 | +31.7% |
| Profit (loss) for the period | 9904 | €19,464 | €28,255 | +€8,791 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,464 | €28,255 | +€8,791 | +45.2% |
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.