SANIC: what changed
Two fiscal 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.
SANIC
Largest movements
- Cash +€13,065
up €13,065 (+711.9%), from €1,835 to €14,900
mainly Other debts (+€17,389) and Net result for the year (+€4,714)
- Other debts +€17,389
up €17,389 (+51.1%), from €34,032 to €51,421
- Current portion of long-term debt -€6,003
down €6,003 (-100.0%), from €6,003 to €0
- Profit (loss) carried forward +€4,714
up €4,714 (+6.2%), from €75,434 to €80,148
- Trade debts -€4,411
down €4,411 (-43.0%), from €10,266 to €5,854
- Gross operating margin -€11,214
down €11,214 (-38.2%), from €29,319 to €18,105
- Depreciation -€2,120
down €2,120 (-54.7%), from €3,879 to €1,759
- Taxes -€1,040
down €1,040 (-22.4%), from €4,643 to €3,603
- Financial charges -€557
down €557 (-7.4%), from €7,533 to €6,976
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.
Cash bridge derived
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 | €275,459 | €286,348 | +€10,889 | +4.0% |
| Fixed assets | 21/28 | €195,159 | €193,400 | -€1,759 | -0.9% |
| Tangible fixed assets | 22/27 | €1,759 | €0 | -€1,759 | -100.0% |
| Plant, machinery and equipment | 23 | €353 | €0 | -€353 | -100.0% |
| Furniture and vehicles | 24 | €1,406 | €0 | -€1,406 | -100.0% |
| Financial fixed assets | 28 | €193,400 | €193,400 | = | 0.0% |
| Current assets | 29/58 | €80,300 | €92,948 | +€12,648 | +15.8% |
| Stocks and contracts in progress | 3 | €63,216 | €65,124 | +€1,908 | +3.0% |
| Stocks | 30/36 | €63,216 | €65,124 | +€1,908 | +3.0% |
| Amounts receivable within one year | 40/41 | €15,250 | €12,925 | -€2,325 | -15.2% |
| Trade receivables | 40 | €15,250 | €11,528 | -€3,722 | -24.4% |
| Other amounts receivable | 41 | €0 | €1,397 | +€1,397 | |
| Cash at bank and in hand | 54/58 | €1,835 | €14,900 | +€13,065 | +711.9% |
| Total equity and liabilities | 10/49 | €275,459 | €286,348 | +€10,889 | +4.0% |
| Equity | 10/15 | €135,434 | €140,148 | +€4,714 | +3.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,434 | €80,148 | +€4,714 | +6.2% |
| Amounts payable | 17/49 | €140,025 | €146,201 | +€6,175 | +4.4% |
| Amounts payable after more than one year | 17 | €83,000 | €83,000 | = | 0.0% |
| Financial debts | 170/4 | €83,000 | €83,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,025 | €63,201 | +€6,175 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €6,003 | €0 | -€6,003 | -100.0% |
| Financial debts | 43 | - | €1,667 | +€1,667 | |
| Credit institutions | 430/8 | - | €1,667 | +€1,667 | |
| Trade debts | 44 | €10,266 | €5,854 | -€4,411 | -43.0% |
| Suppliers | 440/4 | €10,266 | €5,854 | -€4,411 | -43.0% |
| Taxes, remuneration and social security | 45 | €6,724 | €4,259 | -€2,465 | -36.7% |
| Taxes | 450/3 | €3,916 | €4,259 | +€343 | +8.8% |
| Remuneration and social security | 454/9 | €2,808 | €0 | -€2,808 | -100.0% |
| Other amounts payable | 47/48 | €34,032 | €51,421 | +€17,389 | +51.1% |
| Non-recurring operating income | 76A | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,879 | €1,759 | -€2,120 | -54.7% |
| Other operating charges | 640/8 | €1,308 | €1,053 | -€254 | -19.5% |
| Gross operating margin | 9900 | €29,319 | €18,105 | -€11,214 | -38.2% |
| Operating profit (loss) | 9901 | €24,133 | €15,293 | -€8,840 | -36.6% |
| Financial charges | 65/66B | €7,533 | €6,976 | -€557 | -7.4% |
| Recurring financial charges | 65 | €7,533 | €6,976 | -€557 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €16,600 | €8,317 | -€8,283 | -49.9% |
| Income taxes | 67/77 | €4,643 | €3,603 | -€1,040 | -22.4% |
| Profit (loss) for the period | 9904 | €11,957 | €4,714 | -€7,243 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,957 | €4,714 | -€7,243 | -60.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.