Sani Versa: 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 Versa
Largest movements
- Cash -€80,276
down €80,276 (-58.5%), from €137,199 to €56,923
mainly Contributions, distributions and other (-€165,393) and Investment in fixed assets (net) (-€42,799)
- Receivables within one year +€12,470
up €12,470 (+159%), from €7,866 to €20,336
of which Trade receivables: +€10,789
- Tangible fixed assets +€11,892
up €11,892 (+6.0%), from €197,932 to €209,824
of which Plant, machinery and equipment: +€37,220
- Stocks and contracts -€4,643
down €4,643 (-34.2%), from €13,593 to €8,950
- Profit (loss) carried forward -€113,661
down €113,661 (-68.7%), from €165,393 to €51,732
- Other debts +€83,478
up €83,478 (+3,713%), from €2,248 to €85,726
- Debts after one year -€24,193
down €24,193 (-24.5%), from €98,641 to €74,448
- Trade debts -€7,101
down €7,101 (-87.4%), from €8,121 to €1,020
- Gross operating margin -€12,031
down €12,031 (-10.8%), from €111,776 to €99,745
- Depreciation +€4,645
up €4,645 (+17.7%), from €26,262 to €30,907
- Taxes -€3,571
down €3,571 (-21.9%), from €16,273 to €12,702
- Financial income -€1,651
down €1,651 (-42.9%), from €3,847 to €2,196
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 | €356,822 | €296,543 | -€60,279 | -16.9% |
| Fixed assets | 21/28 | €197,932 | €209,824 | +€11,892 | +6.0% |
| Tangible fixed assets | 22/27 | €197,932 | €209,824 | +€11,892 | +6.0% |
| Land and buildings | 22 | €76,680 | €71,343 | -€5,337 | -7.0% |
| Plant, machinery and equipment | 23 | €22,019 | €59,239 | +€37,220 | +169% |
| Furniture and vehicles | 24 | €98,568 | €79,184 | -€19,384 | -19.7% |
| Other tangible fixed assets | 26 | €665 | €58 | -€607 | -91.3% |
| Current assets | 29/58 | €158,890 | €86,719 | -€72,171 | -45.4% |
| Stocks and contracts in progress | 3 | €13,593 | €8,950 | -€4,643 | -34.2% |
| Stocks | 30/36 | €13,593 | €8,950 | -€4,643 | -34.2% |
| Amounts receivable within one year | 40/41 | €7,866 | €20,336 | +€12,470 | +159% |
| Trade receivables | 40 | €7,237 | €18,026 | +€10,789 | +149% |
| Other amounts receivable | 41 | €629 | €2,310 | +€1,681 | +267% |
| Cash at bank and in hand | 54/58 | €137,199 | €56,923 | -€80,276 | -58.5% |
| Deferred charges and accrued income | 490/1 | €232 | €510 | +€278 | +120% |
| Total equity and liabilities | 10/49 | €356,822 | €296,543 | -€60,279 | -16.9% |
| Equity | 10/15 | €196,495 | €82,834 | -€113,661 | -57.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,502 | €12,502 | = | 0.0% |
| Distributable reserves | 133 | €12,502 | €12,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,393 | €51,732 | -€113,661 | -68.7% |
| Amounts payable | 17/49 | €160,327 | €213,709 | +€53,382 | +33.3% |
| Amounts payable after more than one year | 17 | €98,641 | €74,448 | -€24,193 | -24.5% |
| Financial debts | 170/4 | €98,641 | €74,448 | -€24,193 | -24.5% |
| Amounts payable within one year | 42/48 | €61,686 | €139,261 | +€77,575 | +126% |
| Current portion of amounts payable after more than one year | 42 | €23,569 | €24,193 | +€624 | +2.6% |
| Trade debts | 44 | €8,121 | €1,020 | -€7,101 | -87.4% |
| Suppliers | 440/4 | €8,121 | €1,020 | -€7,101 | -87.4% |
| Advances received on contracts in progress | 46 | €27,748 | €28,322 | +€574 | +2.1% |
| Other amounts payable | 47/48 | €2,248 | €85,726 | +€83,478 | +3,713% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,262 | €30,907 | +€4,645 | +17.7% |
| Other operating charges | 640/8 | €1,617 | €1,339 | -€278 | -17.2% |
| Gross operating margin | 9900 | €111,776 | €99,745 | -€12,031 | -10.8% |
| Operating profit (loss) | 9901 | €83,897 | €67,499 | -€16,398 | -19.5% |
| Financial income | 75/76B | €3,847 | €2,196 | -€1,651 | -42.9% |
| Recurring financial income | 75 | €3,847 | €2,196 | -€1,651 | -42.9% |
| Financial charges | 65/66B | €5,645 | €5,261 | -€384 | -6.8% |
| Recurring financial charges | 65 | €5,645 | €5,261 | -€384 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €82,099 | €64,434 | -€17,665 | -21.5% |
| Income taxes | 67/77 | €16,273 | €12,702 | -€3,571 | -21.9% |
| Profit (loss) for the period | 9904 | €65,826 | €51,732 | -€14,094 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,826 | €51,732 | -€14,094 | -21.4% |
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 14 October 2026 via checked.be.