SANI: 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.
SANI
Largest movements
- Receivables within one year +€337,954
up €337,954 (+74.2%), from €455,172 to €793,126
of which Trade receivables: +€310,298
- Cash +€168,697
up €168,697 (+60.3%), from €279,802 to €448,499
mainly Net result for the year (+€416,073) and Other debts (+€239,009)
- Receivables after one year -€79,580
down €79,580 (-20.0%), from €397,898 to €318,318
- Stocks and contracts -€38,051
down €38,051 (-8.8%), from €434,634 to €396,584
- Tangible fixed assets +€31,398
up €31,398 (+5.2%), from €608,663 to €640,061
of which Furniture and vehicles: +€43,230
- Other debts +€239,009
up €239,009 (+197.5%), from €120,991 to €360,000
- Tax, wage and social debts +€72,563
up €72,563 (+52.6%), from €137,863 to €210,426
of which Taxes: +€76,825
- Profit (loss) carried forward +€56,073
up €56,073 (+11.0%), from €509,384 to €565,457
- Trade debts +€52,774
up €52,774 (+44.2%), from €119,281 to €172,054
- Gross operating margin +€251,333
up €251,333 (+19.6%), from €1.3m to €1.5m
- Other operating charges +€74,167
up €74,167 (+136.6%), from €54,299 to €128,466
- Taxes +€52,960
up €52,960 (+53.5%), from €98,905 to €151,865
- Staff costs -€39,903
down €39,903 (-5.4%), from €732,867 to €692,963
- Depreciation +€22,112
up €22,112 (+22.0%), from €100,701 to €122,813
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 | €2,176,170 | €2,596,588 | +€420,418 | +19.3% |
| Fixed assets | 21/28 | €608,663 | €640,061 | +€31,398 | +5.2% |
| Tangible fixed assets | 22/27 | €608,663 | €640,061 | +€31,398 | +5.2% |
| Land and buildings | 22 | €456,411 | €448,246 | -€8,165 | -1.8% |
| Plant, machinery and equipment | 23 | €8,355 | €4,689 | -€3,667 | -43.9% |
| Furniture and vehicles | 24 | €143,897 | €187,126 | +€43,230 | +30.0% |
| Current assets | 29/58 | €1,567,507 | €1,956,527 | +€389,020 | +24.8% |
| Amounts receivable after more than one year | 29 | €397,898 | €318,318 | -€79,580 | -20.0% |
| Other amounts receivable | 291 | €397,898 | €318,318 | -€79,580 | -20.0% |
| Stocks and contracts in progress | 3 | €434,634 | €396,584 | -€38,051 | -8.8% |
| Stocks | 30/36 | €434,634 | €396,584 | -€38,051 | -8.8% |
| Amounts receivable within one year | 40/41 | €455,172 | €793,126 | +€337,954 | +74.2% |
| Trade receivables | 40 | €346,074 | €656,372 | +€310,298 | +89.7% |
| Other amounts receivable | 41 | €109,098 | €136,754 | +€27,656 | +25.3% |
| Cash at bank and in hand | 54/58 | €279,802 | €448,499 | +€168,697 | +60.3% |
| Total equity and liabilities | 10/49 | €2,176,170 | €2,596,588 | +€420,418 | +19.3% |
| Equity | 10/15 | €1,734,506 | €1,790,578 | +€56,073 | +3.2% |
| Contributions | 10/11 | €313,585 | €313,585 | = | 0.0% |
| Revaluation surpluses | 12 | €895,857 | €895,857 | = | 0.0% |
| Reserves | 13 | €15,679 | €15,679 | = | 0.0% |
| Distributable reserves | 133 | €15,679 | €15,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | €509,384 | €565,457 | +€56,073 | +11.0% |
| Amounts payable | 17/49 | €441,664 | €806,009 | +€364,345 | +82.5% |
| Amounts payable within one year | 42/48 | €378,135 | €742,480 | +€364,345 | +96.4% |
| Trade debts | 44 | €119,281 | €172,054 | +€52,774 | +44.2% |
| Suppliers | 440/4 | €119,281 | €172,054 | +€52,774 | +44.2% |
| Taxes, remuneration and social security | 45 | €137,863 | €210,426 | +€72,563 | +52.6% |
| Taxes | 450/3 | €52,229 | €129,054 | +€76,825 | +147.1% |
| Remuneration and social security | 454/9 | €85,634 | €81,372 | -€4,262 | -5.0% |
| Other amounts payable | 47/48 | €120,991 | €360,000 | +€239,009 | +197.5% |
| Accrued charges and deferred income | 492/3 | €63,529 | €63,529 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €732,867 | €692,963 | -€39,903 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,701 | €122,813 | +€22,112 | +22.0% |
| Other operating charges | 640/8 | €54,299 | €128,466 | +€74,167 | +136.6% |
| Gross operating margin | 9900 | €1,281,409 | €1,532,742 | +€251,333 | +19.6% |
| Operating profit (loss) | 9901 | €393,542 | €588,500 | +€194,958 | +49.5% |
| Financial charges | 65/66B | €2,956 | €20,562 | +€17,606 | +595.5% |
| Recurring financial charges | 65 | €2,956 | €20,562 | +€17,606 | +595.5% |
| Profit (loss) for the period before taxes | 9903 | €390,585 | €567,937 | +€177,352 | +45.4% |
| Income taxes | 67/77 | €98,905 | €151,865 | +€52,960 | +53.5% |
| Profit (loss) for the period | 9904 | €291,681 | €416,073 | +€124,392 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €291,681 | €416,073 | +€124,392 | +42.6% |
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 7 October 2026 via checked.be.