SANI-CITY: what changed
What changed
SANI-CITY
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€7,911
2024 · €52,490-€44,579
Equity
€264,238
2024 · €256,327+€7,911
Cash
€759
2024 · €3,731-€2,972
Balance sheet total
€760,459
2024 · €578,039+€182,421
Largest movements
Assets
- Tangible fixed assets +€181,020
up €181,020 (+923%), from €19,611 to €200,631
of which Land and buildings: +€200,631
Equity and liabilities
- Debts after one year +€135,594
up €135,594 (+86.3%), from €157,195 to €292,789
- Other debts +€24,061
up €24,061 (+26.4%), from €91,168 to €115,228
- Tax, wage and social debts -€23,992
down €23,992 (-82.0%), from €29,253 to €5,260
- Advances received +€15,890
new in 2025: €15,890
- Provisions +€12,500
new in 2025: €12,500
Income statement
- Financial charges +€23,820
up €23,820 (+230%), from €10,366 to €34,186
of which Non-recurring financial charges: +€18,371
- Gross operating margin -€17,362
down €17,362 (-20.8%), from €83,340 to €65,978
- Provisions +€12,500
new in 2025: €12,500
- Taxes -€11,607
down €11,607 (-90.2%), from €12,869 to €1,262
- Depreciation +€3,271
up €3,271 (+57.3%), from €5,708 to €8,979
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€52,490
Gross operating margin
-€17,362
Staff costs
+€380
Depreciation
-€3,271
Provisions
-€12,500
Other operating charges
+€387
Financial charges
-€23,820
Taxes
+€11,607
Result 2025
€7,911
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,188
Investment
-€189,999
Financing
+€143,838
Cash 2024
€3,731
From operations (derived)
+€43,188
Net result for the year
+€7,911
Depreciation
+€8,979
Receivables within one year
-€6,162
Deferred charges and accrued income
+€1,788
Provisions
+€12,500
Trade debts
+€2,213
Tax, wage and social debts
-€23,992
Advances received
+€15,890
Other debts
+€24,061
Investment (derived)
-€189,999
Investment in fixed assets (net)
-€189,999
Financing
+€143,838
Debts after one year
+€135,594
Current portion of long-term debt
+€8,244
Cash 2025
€759
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €578,039 | €760,459 | +€182,421 | +31.6% |
| Fixed assets | 21/28 | €556,814 | €737,834 | +€181,020 | +32.5% |
| Tangible fixed assets | 22/27 | €19,611 | €200,631 | +€181,020 | +923% |
| Land and buildings | 22 | - | €200,631 | +€200,631 | |
| Furniture and vehicles | 24 | €19,611 | - | -€19,611 | |
| Financial fixed assets | 28 | €537,203 | €537,203 | = | 0.0% |
| Current assets | 29/58 | €21,225 | €22,626 | +€1,401 | +6.6% |
| Amounts receivable within one year | 40/41 | €15,299 | €21,461 | +€6,162 | +40.3% |
| Trade receivables | 40 | €15,299 | €21,461 | +€6,162 | +40.3% |
| Cash at bank and in hand | 54/58 | €3,731 | €759 | -€2,972 | -79.7% |
| Deferred charges and accrued income | 490/1 | €2,194 | €406 | -€1,788 | -81.5% |
| Total equity and liabilities | 10/49 | €578,039 | €760,459 | +€182,421 | +31.6% |
| Equity | 10/15 | €256,327 | €264,238 | +€7,911 | +3.1% |
| Contributions | 10/11 | €8,065 | €8,065 | = | 0.0% |
| Reserves | 13 | €247,367 | €255,267 | +€7,900 | +3.2% |
| Distributable reserves | 133 | €247,367 | €255,267 | +€7,900 | +3.2% |
| Profit (loss) carried forward | 14 | €895 | €907 | +€11 | +1.3% |
| Provisions and deferred taxes | 16 | - | €12,500 | +€12,500 | |
| Provisions for liabilities and charges | 160/5 | - | €12,500 | +€12,500 | |
| Major repairs and maintenance | 162 | - | €12,500 | +€12,500 | |
| Amounts payable | 17/49 | €321,711 | €483,721 | +€162,010 | +50.4% |
| Amounts payable after more than one year | 17 | €157,195 | €292,789 | +€135,594 | +86.3% |
| Financial debts | 170/4 | €157,195 | €292,789 | +€135,594 | +86.3% |
| Amounts payable within one year | 42/48 | €164,516 | €190,932 | +€26,415 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €42,073 | €50,317 | +€8,244 | +19.6% |
| Trade debts | 44 | €2,023 | €4,235 | +€2,213 | +109% |
| Suppliers | 440/4 | €2,023 | €4,235 | +€2,213 | +109% |
| Advances received on contracts in progress | 46 | - | €15,890 | +€15,890 | |
| Taxes, remuneration and social security | 45 | €29,253 | €5,260 | -€23,992 | -82.0% |
| Taxes | 450/3 | €29,253 | €5,260 | -€23,992 | -82.0% |
| Other amounts payable | 47/48 | €91,168 | €115,228 | +€24,061 | +26.4% |
| Non-recurring operating income | 76A | €35,424 | €8,252 | -€27,172 | -76.7% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,140 | -€380 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,708 | €8,979 | +€3,271 | +57.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €12,500 | +€12,500 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €83,340 | €65,978 | -€17,362 | -20.8% |
| Operating profit (loss) | 9901 | €75,724 | €43,359 | -€32,365 | -42.7% |
| Financial charges | 65/66B | €10,366 | €34,186 | +€23,820 | +230% |
| Recurring financial charges | 65 | €10,366 | €15,814 | +€5,449 | +52.6% |
| Non-recurring financial charges | 66B | - | €18,371 | +€18,371 | |
| Profit (loss) for the period before taxes | 9903 | €65,359 | €9,173 | -€56,186 | -86.0% |
| Income taxes | 67/77 | €12,869 | €1,262 | -€11,607 | -90.2% |
| Profit (loss) for the period | 9904 | €52,490 | €7,911 | -€44,579 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,490 | €7,911 | -€44,579 | -84.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.