SANI-LEC: 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-LEC
Largest movements
- Receivables within one year +€150,967
up €150,967 (+232%), from €64,943 to €215,910
of which Trade receivables: +€181,025
- Cash +€15,021
up €15,021 (+115%), from €13,079 to €28,100
mainly Advances received (+€102,437) and Trade debts (+€50,187)
- Tangible fixed assets -€6,508
down €6,508 (-35.8%), from €18,186 to €11,678
of which Furniture and vehicles: -€9,175
- Advances received +€102,437
new in 2025: €102,437
- Trade debts +€50,187
up €50,187 (+272%), from €18,429 to €68,616
- Profit (loss) carried forward +€14,932
up €14,932 (+46.8%), from €31,890 to €46,822
- Tax, wage and social debts -€8,211
down €8,211 (-32.2%), from €25,523 to €17,313
of which Taxes: -€8,063
- Other operating charges +€10,176
up €10,176 (+111%), from €9,143 to €19,319
- Gross operating margin -€3,402
down €3,402 (-6.0%), from €56,632 to €53,230
- Depreciation +€2,366
up €2,366 (+32.2%), from €7,342 to €9,708
- Financial charges -€1,861
down €1,861 (-53.9%), from €3,454 to €1,594
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 | €96,342 | €255,688 | +€159,345 | +165% |
| Fixed assets | 21/28 | €18,186 | €11,678 | -€6,508 | -35.8% |
| Tangible fixed assets | 22/27 | €18,186 | €11,678 | -€6,508 | -35.8% |
| Plant, machinery and equipment | 23 | - | €2,667 | +€2,667 | |
| Furniture and vehicles | 24 | €18,186 | €9,011 | -€9,175 | -50.5% |
| Current assets | 29/58 | €78,156 | €244,010 | +€165,854 | +212% |
| Amounts receivable within one year | 40/41 | €64,943 | €215,910 | +€150,967 | +232% |
| Trade receivables | 40 | €28,880 | €209,905 | +€181,025 | +627% |
| Other amounts receivable | 41 | €36,062 | €6,005 | -€30,057 | -83.3% |
| Cash at bank and in hand | 54/58 | €13,079 | €28,100 | +€15,021 | +115% |
| Deferred charges and accrued income | 490/1 | €134 | - | -€134 | |
| Total equity and liabilities | 10/49 | €96,342 | €255,688 | +€159,345 | +165% |
| Equity | 10/15 | €32,390 | €47,322 | +€14,932 | +46.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,890 | €46,822 | +€14,932 | +46.8% |
| Amounts payable | 17/49 | €63,952 | €208,366 | +€144,413 | +226% |
| Amounts payable within one year | 42/48 | €63,952 | €208,366 | +€144,413 | +226% |
| Trade debts | 44 | €18,429 | €68,616 | +€50,187 | +272% |
| Suppliers | 440/4 | €18,429 | €68,616 | +€50,187 | +272% |
| Advances received on contracts in progress | 46 | - | €102,437 | +€102,437 | |
| Taxes, remuneration and social security | 45 | €25,523 | €17,313 | -€8,211 | -32.2% |
| Taxes | 450/3 | €25,376 | €17,313 | -€8,063 | -31.8% |
| Remuneration and social security | 454/9 | €147 | - | -€147 | |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,342 | €9,708 | +€2,366 | +32.2% |
| Other operating charges | 640/8 | €9,143 | €19,319 | +€10,176 | +111% |
| Gross operating margin | 9900 | €56,632 | €53,230 | -€3,402 | -6.0% |
| Operating profit (loss) | 9901 | €40,147 | €24,203 | -€15,944 | -39.7% |
| Financial charges | 65/66B | €3,454 | €1,594 | -€1,861 | -53.9% |
| Recurring financial charges | 65 | €3,454 | €1,594 | -€1,861 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €36,693 | €22,609 | -€14,083 | -38.4% |
| Income taxes | 67/77 | €7,828 | €7,677 | -€151 | -1.9% |
| Profit (loss) for the period | 9904 | €28,865 | €14,932 | -€13,933 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,865 | €14,932 | -€13,933 | -48.3% |
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 19 October 2026 via checked.be.