SANHANA: 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.
SANHANA
Largest movements
- Receivables after one year -€38,449
no longer reported in 2025 (was €38,449)
- Cash -€18,281
down €18,281 (-32.3%), from €56,529 to €38,248
mainly Contributions, distributions and other (-€123,636) and Tax, wage and social debts (-€22,485)
- Receivables within one year -€17,506
no longer reported in 2025 (was €17,506)
- Tangible fixed assets -€13,809
down €13,809 (-17.7%), from €77,802 to €63,993
of which Other tangible fixed assets: -€11,748
- Profit (loss) carried forward -€94,369
no longer reported in 2025 (was €94,369)
- Other debts +€40,511
new in 2025: €40,511
- Tax, wage and social debts -€22,485
down €22,485 (-63.1%), from €35,618 to €13,133
- Trade debts -€7,510
down €7,510 (-57.3%), from €13,096 to €5,586
- Debts after one year -€5,850
down €5,850 (-13.7%), from €42,574 to €36,724
- Financial charges -€12,773
down €12,773 (-86.2%), from €14,825 to €2,052
of which Non-recurring financial charges: -€13,000
- Gross operating margin -€12,158
down €12,158 (-17.5%), from €69,427 to €57,269
- Other operating charges -€6,438
down €6,438 (-88.7%), from €7,256 to €819
- Financial income -€3,252
down €3,252 (-97.0%), from €3,351 to €99
- Taxes -€2,377
down €2,377 (-17.2%), from €13,800 to €11,422
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.
Derived cash bridge
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 | €211,870 | €122,265 | -€89,605 | -42.3% |
| Fixed assets | 21/28 | €77,802 | €63,993 | -€13,809 | -17.7% |
| Tangible fixed assets | 22/27 | €77,802 | €63,993 | -€13,809 | -17.7% |
| Plant, machinery and equipment | 23 | €3,570 | €2,291 | -€1,279 | -35.8% |
| Furniture and vehicles | 24 | €965 | €184 | -€782 | -81.0% |
| Other tangible fixed assets | 26 | €73,266 | €61,518 | -€11,748 | -16.0% |
| Current assets | 29/58 | €134,069 | €58,272 | -€75,796 | -56.5% |
| Amounts receivable after more than one year | 29 | €38,449 | - | -€38,449 | |
| Trade receivables | 290 | €38,449 | - | -€38,449 | |
| Amounts receivable within one year | 40/41 | €17,506 | - | -€17,506 | |
| Other amounts receivable | 41 | €17,506 | - | -€17,506 | |
| Cash at bank and in hand | 54/58 | €56,529 | €38,248 | -€18,281 | -32.3% |
| Deferred charges and accrued income | 490/1 | €21,585 | €20,024 | -€1,561 | -7.2% |
| Total equity and liabilities | 10/49 | €211,870 | €122,265 | -€89,605 | -42.3% |
| Equity | 10/15 | €114,829 | €20,460 | -€94,369 | -82.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,369 | - | -€94,369 | |
| Amounts payable | 17/49 | €97,041 | €101,805 | +€4,764 | +4.9% |
| Amounts payable after more than one year | 17 | €42,574 | €36,724 | -€5,850 | -13.7% |
| Financial debts | 170/4 | €42,574 | €36,724 | -€5,850 | -13.7% |
| Amounts payable within one year | 42/48 | €54,467 | €65,081 | +€10,614 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €5,752 | €5,850 | +€99 | +1.7% |
| Trade debts | 44 | €13,096 | €5,586 | -€7,510 | -57.3% |
| Suppliers | 440/4 | €13,096 | €5,586 | -€7,510 | -57.3% |
| Taxes, remuneration and social security | 45 | €35,618 | €13,133 | -€22,485 | -63.1% |
| Taxes | 450/3 | €35,618 | €13,133 | -€22,485 | -63.1% |
| Other amounts payable | 47/48 | - | €40,511 | +€40,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,383 | €13,809 | +€426 | +3.2% |
| Other operating charges | 640/8 | €7,256 | €819 | -€6,438 | -88.7% |
| Gross operating margin | 9900 | €69,427 | €57,269 | -€12,158 | -17.5% |
| Operating profit (loss) | 9901 | €48,788 | €42,641 | -€6,146 | -12.6% |
| Financial income | 75/76B | €3,351 | €99 | -€3,252 | -97.0% |
| Recurring financial income | 75 | €3,351 | €99 | -€3,252 | -97.0% |
| Financial charges | 65/66B | €14,825 | €2,052 | -€12,773 | -86.2% |
| Recurring financial charges | 65 | €1,825 | €2,052 | +€227 | +12.4% |
| Non-recurring financial charges | 66B | €13,000 | - | -€13,000 | |
| Profit (loss) for the period before taxes | 9903 | €37,313 | €40,689 | +€3,375 | +9.0% |
| Income taxes | 67/77 | €13,800 | €11,422 | -€2,377 | -17.2% |
| Profit (loss) for the period | 9904 | €23,514 | €29,266 | +€5,753 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,514 | €29,266 | +€5,753 | +24.5% |
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 21 October 2026 via checked.be.