SANI-ALEX: 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.
SANI-ALEX
Largest movements
- Receivables within one year -€12,054
down €12,054 (-26.3%), from €45,917 to €33,863
of which Trade receivables: -€8,987
- Cash -€8,169
down €8,169 (-33.7%), from €24,222 to €16,053
mainly Trade debts (-€22,224) and Contributions, distributions and other (-€15,000)
- Deferred charges and accrued income +€4,240
up €4,240 (+61.0%), from €6,949 to €11,189
- Tangible fixed assets -€2,532
down €2,532 (-34.9%), from €7,247 to €4,715
of which Furniture and vehicles: -€3,667
- Trade debts -€22,224
down €22,224 (-59.9%), from €37,115 to €14,891
- Tax, wage and social debts +€12,441
up €12,441 (+94.2%), from €13,209 to €25,651
of which Remuneration and social security: +€13,402
- Profit (loss) carried forward -€7,798
down €7,798 (-34.2%), from €22,790 to €14,992
- Debts after one year -€2,201
down €2,201 (-100%), from €2,201 to €0
- Other debts +€2,000
up €2,000 (+15.4%), from €13,000 to €15,000
- Staff costs +€26,782
up €26,782 (+31.0%), from €86,490 to €113,272
- Taxes -€5,290
down €5,290 (-56.0%), from €9,443 to €4,152
- Gross operating margin -€5,019
down €5,019 (-3.7%), from €134,233 to €129,214
- Financial income +€1,953
up €1,953 (+131%), from €1,494 to €3,447
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 | €95,335 | €77,235 | -€18,100 | -19.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,247 | €4,715 | -€2,532 | -34.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,247 | €4,715 | -€2,532 | -34.9% |
| Plant, machinery and equipment | 23 | €473 | €1,608 | +€1,135 | +240% |
| Furniture and vehicles | 24 | €6,774 | €3,107 | -€3,667 | -54.1% |
| Current assets | 29/58 | €88,088 | €72,520 | -€15,568 | -17.7% |
| Stocks and contracts in progress | 3 | €11,000 | €11,415 | +€415 | +3.8% |
| Stocks | 30/36 | €11,000 | €11,415 | +€415 | +3.8% |
| Amounts receivable within one year | 40/41 | €45,917 | €33,863 | -€12,054 | -26.3% |
| Trade receivables | 40 | €20,926 | €11,939 | -€8,987 | -42.9% |
| Other amounts receivable | 41 | €24,991 | €21,924 | -€3,067 | -12.3% |
| Cash at bank and in hand | 54/58 | €24,222 | €16,053 | -€8,169 | -33.7% |
| Deferred charges and accrued income | 490/1 | €6,949 | €11,189 | +€4,240 | +61.0% |
| Total equity and liabilities | 10/49 | €95,335 | €77,235 | -€18,100 | -19.0% |
| Equity | 10/15 | €27,290 | €19,492 | -€7,798 | -28.6% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,790 | €14,992 | -€7,798 | -34.2% |
| Amounts payable | 17/49 | €68,045 | €57,743 | -€10,302 | -15.1% |
| Amounts payable after more than one year | 17 | €2,201 | €0 | -€2,201 | -100% |
| Financial debts | 170/4 | €2,201 | €0 | -€2,201 | -100% |
| Amounts payable within one year | 42/48 | €65,843 | €57,743 | -€8,100 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €2,519 | €2,201 | -€318 | -12.6% |
| Trade debts | 44 | €37,115 | €14,891 | -€22,224 | -59.9% |
| Suppliers | 440/4 | €37,115 | €14,891 | -€22,224 | -59.9% |
| Taxes, remuneration and social security | 45 | €13,209 | €25,651 | +€12,441 | +94.2% |
| Taxes | 450/3 | €7,626 | €6,665 | -€961 | -12.6% |
| Remuneration and social security | 454/9 | €5,583 | €18,985 | +€13,402 | +240% |
| Other amounts payable | 47/48 | €13,000 | €15,000 | +€2,000 | +15.4% |
| Remuneration, social security and pensions | 62 | €86,490 | €113,272 | +€26,782 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,563 | €4,511 | -€53 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €210 | +€210 | |
| Other operating charges | 640/8 | €3,681 | €2,959 | -€722 | -19.6% |
| Gross operating margin | 9900 | €134,233 | €129,214 | -€5,019 | -3.7% |
| Operating profit (loss) | 9901 | €39,499 | €8,262 | -€31,237 | -79.1% |
| Financial income | 75/76B | €1,494 | €3,447 | +€1,953 | +131% |
| Recurring financial income | 75 | €1,494 | €3,447 | +€1,953 | +131% |
| Financial charges | 65/66B | €514 | €355 | -€159 | -31.0% |
| Recurring financial charges | 65 | €514 | €355 | -€159 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €40,479 | €11,354 | -€29,125 | -71.9% |
| Income taxes | 67/77 | €9,443 | €4,152 | -€5,290 | -56.0% |
| Profit (loss) for the period | 9904 | €31,036 | €7,202 | -€23,834 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,036 | €7,202 | -€23,834 | -76.8% |
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 26 October 2026 via checked.be.