SANIBUHLER: 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.
SANIBUHLER
Largest movements
- Receivables within one year +€73,242
up €73,242 (+145%), from €50,350 to €123,591
of which Trade receivables: +€72,918
- Tangible fixed assets -€13,633
down €13,633 (-60.3%), from €22,596 to €8,962
of which Leasing and similar rights: -€7,745
- Trade debts +€67,202
up €67,202 (+627%), from €10,724 to €77,926
- Advances received -€6,623
down €6,623 (-98.3%), from €6,738 to €115
- Profit (loss) carried forward -€4,614
down €4,614, from €3,031 to -€1,583
- Tax, wage and social debts +€3,548
up €3,548 (+42.0%), from €8,452 to €11,999
of which Remuneration and social security: +€2,582
- Gross operating margin -€18,426
down €18,426 (-46.4%), from €39,695 to €21,269
- Other operating charges +€6,863
up €6,863 (+296%), from €2,317 to €9,180
- Depreciation -€5,231
down €5,231 (-36.8%), from €14,203 to €8,972
- Taxes -€4,725
down €4,725 (-68.1%), from €6,937 to €2,212
- Staff costs +€4,684
new in 2025: €4,684
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 | €95,996 | €155,294 | +€59,298 | +61.8% |
| Fixed assets | 21/28 | €22,621 | €8,987 | -€13,633 | -60.3% |
| Tangible fixed assets | 22/27 | €22,596 | €8,962 | -€13,633 | -60.3% |
| Plant, machinery and equipment | 23 | €1,685 | €124 | -€1,561 | -92.7% |
| Furniture and vehicles | 24 | €4,661 | €334 | -€4,328 | -92.8% |
| Leasing and similar rights | 25 | €16,250 | €8,505 | -€7,745 | -47.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €73,375 | €146,307 | +€72,932 | +99.4% |
| Amounts receivable after more than one year | 29 | €19,439 | €19,439 | = | 0.0% |
| Trade receivables | 290 | €19,439 | - | -€19,439 | |
| Other amounts receivable | 291 | - | €19,439 | +€19,439 | |
| Amounts receivable within one year | 40/41 | €50,350 | €123,591 | +€73,242 | +145% |
| Trade receivables | 40 | €28,515 | €101,433 | +€72,918 | +256% |
| Other amounts receivable | 41 | €21,835 | €22,158 | +€324 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,410 | €222 | -€1,188 | -84.2% |
| Deferred charges and accrued income | 490/1 | €2,177 | €3,054 | +€878 | +40.3% |
| Total equity and liabilities | 10/49 | €95,996 | €155,294 | +€59,298 | +61.8% |
| Equity | 10/15 | €69,832 | €65,218 | -€4,614 | -6.6% |
| Contributions | 10/11 | €43,592 | €43,592 | = | 0.0% |
| Reserves | 13 | €23,209 | €23,209 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,810 | €1,810 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,810 | €1,810 | = | 0.0% |
| Distributable reserves | 133 | €21,399 | €21,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,031 | -€1,583 | -€4,614 | |
| Amounts payable | 17/49 | €26,164 | €90,076 | +€63,912 | +244% |
| Amounts payable within one year | 42/48 | €25,914 | €90,076 | +€64,162 | +248% |
| Financial debts | 43 | - | €36 | +€36 | |
| Credit institutions | 430/8 | - | €36 | +€36 | |
| Trade debts | 44 | €10,724 | €77,926 | +€67,202 | +627% |
| Suppliers | 440/4 | €10,724 | €77,926 | +€67,202 | +627% |
| Advances received on contracts in progress | 46 | €6,738 | €115 | -€6,623 | -98.3% |
| Taxes, remuneration and social security | 45 | €8,452 | €11,999 | +€3,548 | +42.0% |
| Taxes | 450/3 | €8,452 | €9,418 | +€966 | +11.4% |
| Remuneration and social security | 454/9 | - | €2,582 | +€2,582 | |
| Accrued charges and deferred income | 492/3 | €250 | €0 | -€250 | -100% |
| Remuneration, social security and pensions | 62 | - | €4,684 | +€4,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,203 | €8,972 | -€5,231 | -36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,000 | €0 | +€1,000 | |
| Other operating charges | 640/8 | €2,317 | €9,180 | +€6,863 | +296% |
| Gross operating margin | 9900 | €39,695 | €21,269 | -€18,426 | -46.4% |
| Operating profit (loss) | 9901 | €24,176 | -€1,566 | -€25,742 | |
| Financial income | 75/76B | €707 | €1,349 | +€642 | +90.8% |
| Recurring financial income | 75 | €707 | €1,349 | +€642 | +90.8% |
| Financial charges | 65/66B | €2,000 | €2,185 | +€185 | +9.3% |
| Recurring financial charges | 65 | €2,000 | €2,185 | +€185 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €22,883 | -€2,403 | -€25,286 | |
| Income taxes | 67/77 | €6,937 | €2,212 | -€4,725 | -68.1% |
| Profit (loss) for the period | 9904 | €15,946 | -€4,614 | -€20,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,946 | -€4,614 | -€20,560 |
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 24 October 2026 via checked.be.