Sani Nick: 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 Nick
Largest movements
- Stocks and contracts +€8,805
up €8,805 (+71.1%), from €12,385 to €21,190
of which Contracts in progress: +€5,600
- Cash +€6,734
up €6,734 (+10.7%), from €63,138 to €69,872
mainly Net result for the year (+€12,650) and Depreciation (+€10,480)
- Tangible fixed assets -€4,534
down €4,534 (-25.5%), from €17,768 to €13,235
- Receivables within one year +€3,797
up €3,797 (+32.6%), from €11,659 to €15,456
of which Trade receivables: +€2,218
- Reserves +€11,800
up €11,800 (+23.3%), from €50,605 to €62,405
- Other debts +€4,393
up €4,393 (+13.3%), from €33,137 to €37,530
- Current portion of long-term debt -€3,728
down €3,728 (-91.6%), from €4,068 to €340
- Tax, wage and social debts +€2,370
up €2,370 (+20.6%), from €11,517 to €13,886
of which Remuneration and social security: +€2,411
- Gross operating margin -€19,604
down €19,604 (-37.5%), from €52,298 to €32,693
- Taxes -€4,782
down €4,782 (-45.4%), from €10,522 to €5,740
- Other operating charges -€2,949
down €2,949 (-71.5%), from €4,122 to €1,173
- Depreciation +€1,199
up €1,199 (+12.9%), from €9,281 to €10,480
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 | €104,951 | €119,753 | +€14,802 | +14.1% |
| Fixed assets | 21/28 | €17,768 | €13,235 | -€4,534 | -25.5% |
| Tangible fixed assets | 22/27 | €17,768 | €13,235 | -€4,534 | -25.5% |
| Land and buildings | 22 | €1,516 | €1,137 | -€379 | -25.0% |
| Plant, machinery and equipment | 23 | €5,185 | €3,221 | -€1,964 | -37.9% |
| Furniture and vehicles | 24 | €11,067 | €8,876 | -€2,191 | -19.8% |
| Current assets | 29/58 | €87,182 | €106,518 | +€19,336 | +22.2% |
| Stocks and contracts in progress | 3 | €12,385 | €21,190 | +€8,805 | +71.1% |
| Stocks | 30/36 | €6,085 | €9,290 | +€3,205 | +52.7% |
| Contracts in progress | 37 | €6,300 | €11,900 | +€5,600 | +88.9% |
| Amounts receivable within one year | 40/41 | €11,659 | €15,456 | +€3,797 | +32.6% |
| Trade receivables | 40 | €5,724 | €7,943 | +€2,218 | +38.8% |
| Other amounts receivable | 41 | €5,935 | €7,513 | +€1,578 | +26.6% |
| Cash at bank and in hand | 54/58 | €63,138 | €69,872 | +€6,734 | +10.7% |
| Total equity and liabilities | 10/49 | €104,951 | €119,753 | +€14,802 | +14.1% |
| Equity | 10/15 | €55,605 | €67,405 | +€11,800 | +21.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,605 | €62,405 | +€11,800 | +23.3% |
| Distributable reserves | 133 | €50,605 | €62,405 | +€11,800 | +23.3% |
| Amounts payable | 17/49 | €49,345 | €52,348 | +€3,002 | +6.1% |
| Amounts payable after more than one year | 17 | €340 | - | -€340 | |
| Financial debts | 170/4 | €340 | - | -€340 | |
| Amounts payable within one year | 42/48 | €49,005 | €52,348 | +€3,342 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €4,068 | €340 | -€3,728 | -91.6% |
| Trade debts | 44 | €284 | €591 | +€308 | +108% |
| Suppliers | 440/4 | €284 | €591 | +€308 | +108% |
| Taxes, remuneration and social security | 45 | €11,517 | €13,886 | +€2,370 | +20.6% |
| Taxes | 450/3 | €11,517 | €11,475 | -€41 | -0.4% |
| Remuneration and social security | 454/9 | - | €2,411 | +€2,411 | |
| Other amounts payable | 47/48 | €33,137 | €37,530 | +€4,393 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,281 | €10,480 | +€1,199 | +12.9% |
| Other operating charges | 640/8 | €4,122 | €1,173 | -€2,949 | -71.5% |
| Gross operating margin | 9900 | €52,298 | €32,693 | -€19,604 | -37.5% |
| Operating profit (loss) | 9901 | €38,895 | €21,040 | -€17,854 | -45.9% |
| Financial charges | 65/66B | €2,887 | €2,651 | -€237 | -8.2% |
| Recurring financial charges | 65 | €2,887 | €2,651 | -€237 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €36,007 | €18,390 | -€17,617 | -48.9% |
| Income taxes | 67/77 | €10,522 | €5,740 | -€4,782 | -45.4% |
| Profit (loss) for the period | 9904 | €25,485 | €12,650 | -€12,835 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,485 | €12,650 | -€12,835 | -50.4% |
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.