SANI D.V: 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 D.V
Largest movements
- Receivables within one year +€17,205
up €17,205 (+52.5%), from €32,747 to €49,952
of which Other amounts receivable: +€16,595
- Cash +€13,456
up €13,456 (+143%), from €9,407 to €22,863
mainly Other debts (+€48,558) and Net result for the year (+€30,624)
- Other debts +€48,558
new in 2025: €48,558
- Reserves -€20,986
down €20,986 (-22.0%), from €95,349 to €74,364
of which Distributable reserves: -€19,126
- Tax, wage and social debts +€5,982
up €5,982 (+178%), from €3,368 to €9,349
- Gross operating margin +€26,258
up €26,258 (+137%), from €19,126 to €45,384
- Taxes +€10,200
up €10,200 (+174%), from €5,846 to €16,046
- Financial income +€1,415
up €1,415 (+41.3%), from €3,424 to €4,838
- Financial charges -€1,134
down €1,134 (-33.3%), from €3,403 to €2,269
- Depreciation +€507
up €507 (+65.1%), from €778 to €1,284
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 | €117,524 | €148,426 | +€30,902 | +26.3% |
| Fixed assets | 21/28 | €2,836 | €2,286 | -€550 | -19.4% |
| Tangible fixed assets | 22/27 | €2,836 | €2,286 | -€550 | -19.4% |
| Plant, machinery and equipment | 23 | €2,836 | €2,286 | -€550 | -19.4% |
| Current assets | 29/58 | €114,688 | €146,139 | +€31,451 | +27.4% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,747 | €49,952 | +€17,205 | +52.5% |
| Trade receivables | 40 | €1,863 | €2,472 | +€610 | +32.7% |
| Other amounts receivable | 41 | €30,885 | €47,480 | +€16,595 | +53.7% |
| Cash at bank and in hand | 54/58 | €9,407 | €22,863 | +€13,456 | +143% |
| Deferred charges and accrued income | 490/1 | €2,534 | €3,324 | +€790 | +31.2% |
| Total equity and liabilities | 10/49 | €117,524 | €148,426 | +€30,902 | +26.3% |
| Equity | 10/15 | €107,749 | €86,764 | -€20,986 | -19.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €95,349 | €74,364 | -€20,986 | -22.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €93,489 | €74,364 | -€19,126 | -20.5% |
| Amounts payable | 17/49 | €9,775 | €61,662 | +€51,887 | +531% |
| Amounts payable within one year | 42/48 | €9,775 | €61,662 | +€51,887 | +531% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | €1,632 | -€35 | -2.1% |
| Trade debts | 44 | €3,266 | €2,123 | -€1,143 | -35.0% |
| Suppliers | 440/4 | €3,266 | €2,123 | -€1,143 | -35.0% |
| Advances received on contracts in progress | 46 | €1,475 | - | -€1,475 | |
| Taxes, remuneration and social security | 45 | €3,368 | €9,349 | +€5,982 | +178% |
| Taxes | 450/3 | €3,368 | €9,349 | +€5,982 | +178% |
| Other amounts payable | 47/48 | - | €48,558 | +€48,558 | |
| Non-recurring operating income | 76A | €6,464 | - | -€6,464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €1,284 | +€507 | +65.1% |
| Gross operating margin | 9900 | €19,126 | €45,384 | +€26,258 | +137% |
| Operating profit (loss) | 9901 | €18,348 | €44,100 | +€25,751 | +140% |
| Financial income | 75/76B | €3,424 | €4,838 | +€1,415 | +41.3% |
| Recurring financial income | 75 | €3,424 | €4,838 | +€1,415 | +41.3% |
| Financial charges | 65/66B | €3,403 | €2,269 | -€1,134 | -33.3% |
| Recurring financial charges | 65 | €3,403 | €2,269 | -€1,134 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €18,369 | €46,670 | +€28,300 | +154% |
| Income taxes | 67/77 | €5,846 | €16,046 | +€10,200 | +174% |
| Profit (loss) for the period | 9904 | €12,524 | €30,624 | +€18,100 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €12,524 | €30,624 | +€18,100 | +145% |
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.