SANI - MIR: 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.
What changed
SANI - MIR
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,036
2024 · €45,037-€28,001
Equity
€121,773
2024 · €104,737+€17,036
Cash
€566
2024 · €70+€495
Balance sheet total
€355,251
2024 · €324,017+€31,234
Largest movements
Assets
- Tangible fixed assets +€54,142
up €54,142 (+509%), from €10,647 to €64,788
of which Furniture and vehicles: +€31,104
- Receivables after one year -€31,000
down €31,000 (-14.4%), from €216,000 to €185,000
- Deferred charges and accrued income +€6,251
up €6,251 (+29.7%), from €21,059 to €27,310
Equity and liabilities
- Debts after one year +€67,353
new in 2025: €67,353
- Other debts -€53,426
down €53,426 (-76.2%), from €70,086 to €16,661
- Trade debts -€25,037
down €25,037 (-56.3%), from €44,434 to €19,397
- Profit (loss) carried forward +€17,036
up €17,036 (+23.3%), from €73,063 to €90,099
- Current portion of long-term debt +€16,907
new in 2025: €16,907
Income statement
- Gross operating margin -€10,498
down €10,498 (-16.2%), from €64,687 to €54,189
- Depreciation +€9,535
up €9,535 (+260%), from €3,672 to €13,208
- Taxes +€2,435
up €2,435 (+69.9%), from €3,485 to €5,920
- Financial charges +€1,760
up €1,760 (+10.2%), from €17,334 to €19,094
- Other operating charges -€838
down €838 (-54.8%), from €1,529 to €691
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.
Result 2024
€45,037
Gross operating margin
-€10,498
Depreciation
-€9,535
Other operating charges
+€838
Other operating items
-€4,785
Financial income
+€174
Financial charges
-€1,760
Taxes
-€2,435
Result 2025
€17,036
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€16,103
Investment
-€67,349
Financing
+€83,947
Cash 2024
€70
From operations (derived)
-€16,103
Net result for the year
+€17,036
Depreciation
+€13,208
Receivables after one year
+€31,000
Stocks and contracts
+€2,000
Receivables within one year
-€3,346
Deferred charges and accrued income
-€6,251
Trade debts
-€25,037
Tax, wage and social debts
+€5,755
Advances received
+€190
Other debts
-€53,426
Accrued charges and deferred income
+€2,768
Investment (derived)
-€67,349
Investment in fixed assets (net)
-€67,349
Financing
+€83,947
Debts after one year
+€67,353
Current portion of long-term debt
+€16,907
Short-term financial debts
-€313
Cash 2025
€566
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,017 | €355,251 | +€31,234 | +9.6% |
| Fixed assets | 21/28 | €10,708 | €64,849 | +€54,142 | +506% |
| Tangible fixed assets | 22/27 | €10,647 | €64,788 | +€54,142 | +509% |
| Plant, machinery and equipment | 23 | - | €23,038 | +€23,038 | |
| Furniture and vehicles | 24 | €10,647 | €41,751 | +€31,104 | +292% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €313,309 | €290,402 | -€22,908 | -7.3% |
| Amounts receivable after more than one year | 29 | €216,000 | €185,000 | -€31,000 | -14.4% |
| Other amounts receivable | 291 | €216,000 | €185,000 | -€31,000 | -14.4% |
| Stocks and contracts in progress | 3 | €2,000 | €0 | -€2,000 | -100% |
| Stocks | 30/36 | €2,000 | €0 | -€2,000 | -100% |
| Amounts receivable within one year | 40/41 | €74,180 | €77,526 | +€3,346 | +4.5% |
| Trade receivables | 40 | €5,953 | €400 | -€5,553 | -93.3% |
| Other amounts receivable | 41 | €68,227 | €77,126 | +€8,898 | +13.0% |
| Cash at bank and in hand | 54/58 | €70 | €566 | +€495 | +704% |
| Deferred charges and accrued income | 490/1 | €21,059 | €27,310 | +€6,251 | +29.7% |
| Total equity and liabilities | 10/49 | €324,017 | €355,251 | +€31,234 | +9.6% |
| Equity | 10/15 | €104,737 | €121,773 | +€17,036 | +16.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,082 | €13,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,223 | €11,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,063 | €90,099 | +€17,036 | +23.3% |
| Amounts payable | 17/49 | €219,280 | €233,478 | +€14,198 | +6.5% |
| Amounts payable after more than one year | 17 | - | €67,353 | +€67,353 | |
| Financial debts | 170/4 | - | €67,353 | +€67,353 | |
| Amounts payable within one year | 42/48 | €219,280 | €163,358 | -€55,923 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,907 | +€16,907 | |
| Financial debts | 43 | €100,283 | €99,971 | -€313 | -0.3% |
| Credit institutions | 430/8 | €100,283 | €99,971 | -€313 | -0.3% |
| Trade debts | 44 | €44,434 | €19,397 | -€25,037 | -56.3% |
| Suppliers | 440/4 | €44,434 | €19,397 | -€25,037 | -56.3% |
| Advances received on contracts in progress | 46 | - | €190 | +€190 | |
| Taxes, remuneration and social security | 45 | €4,477 | €10,232 | +€5,755 | +129% |
| Taxes | 450/3 | €4,477 | €10,232 | +€5,755 | +129% |
| Other amounts payable | 47/48 | €70,086 | €16,661 | -€53,426 | -76.2% |
| Accrued charges and deferred income | 492/3 | - | €2,768 | +€2,768 | |
| Non-recurring operating income | 76A | - | €1,168 | +€1,168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,672 | €13,208 | +€9,535 | +260% |
| Other operating charges | 640/8 | €1,529 | €691 | -€838 | -54.8% |
| Non-recurring operating charges | 66A | - | €4,785 | +€4,785 | |
| Gross operating margin | 9900 | €64,687 | €54,189 | -€10,498 | -16.2% |
| Operating profit (loss) | 9901 | €59,486 | €35,506 | -€23,980 | -40.3% |
| Financial income | 75/76B | €6,370 | €6,545 | +€174 | +2.7% |
| Recurring financial income | 75 | €6,370 | €6,545 | +€174 | +2.7% |
| Financial charges | 65/66B | €17,334 | €19,094 | +€1,760 | +10.2% |
| Recurring financial charges | 65 | €17,334 | €19,094 | +€1,760 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €48,522 | €22,956 | -€25,566 | -52.7% |
| Income taxes | 67/77 | €3,485 | €5,920 | +€2,435 | +69.9% |
| Profit (loss) for the period | 9904 | €45,037 | €17,036 | -€28,001 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,037 | €17,036 | -€28,001 | -62.2% |
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 16 October 2026 via checked.be.