SANICA: 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.
SANICA
Largest movements
- Stocks and contracts +€75,322
up €75,322 (+18.9%), from €398,125 to €473,447
of which Contracts in progress: +€58,127
- Receivables within one year +€56,101
up €56,101 (+50.5%), from €111,055 to €167,155
of which Trade receivables: +€53,344
- Tangible fixed assets -€18,400
down €18,400 (-5.7%), from €321,015 to €302,615
of which Land and buildings: -€14,500
- Trade debts +€124,099
up €124,099 (+178%), from €69,705 to €193,803
- Debts after one year -€45,144
down €45,144 (-23.1%), from €195,711 to €150,567
- Short-term financial debts +€21,228
up €21,228 (+362%), from €5,864 to €27,092
- Profit (loss) carried forward +€13,899
up €13,899 (+6.5%), from €215,136 to €229,034
- Turnover -€41,552
down €41,552 (-4.0%), from €1.0m to €1.0m
- Gross operating margin +€11,996
up €11,996 (+21.4%), from €55,940 to €67,936
- Financial income -€10,579
down €10,579 (-91.5%), from €11,565 to €986
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 | €834,920 | €954,699 | +€119,779 | +14.3% |
| Fixed assets | 21/28 | €321,015 | €302,615 | -€18,400 | -5.7% |
| Tangible fixed assets | 22/27 | €321,015 | €302,615 | -€18,400 | -5.7% |
| Land and buildings | 22 | €237,796 | €223,296 | -€14,500 | -6.1% |
| Plant, machinery and equipment | 23 | €57,442 | €61,194 | +€3,752 | +6.5% |
| Furniture and vehicles | 24 | €9,469 | €6,659 | -€2,810 | -29.7% |
| Other tangible fixed assets | 26 | €16,308 | €11,466 | -€4,843 | -29.7% |
| Current assets | 29/58 | €513,905 | €652,084 | +€138,180 | +26.9% |
| Stocks and contracts in progress | 3 | €398,125 | €473,447 | +€75,322 | +18.9% |
| Stocks | 30/36 | €398,125 | €415,320 | +€17,195 | +4.3% |
| Contracts in progress | 37 | - | €58,127 | +€58,127 | |
| Amounts receivable within one year | 40/41 | €111,055 | €167,155 | +€56,101 | +50.5% |
| Trade receivables | 40 | €86,211 | €139,556 | +€53,344 | +61.9% |
| Other amounts receivable | 41 | €24,843 | €27,599 | +€2,756 | +11.1% |
| Cash at bank and in hand | 54/58 | €1,352 | €10,284 | +€8,932 | +661% |
| Deferred charges and accrued income | 490/1 | €3,374 | €1,198 | -€2,176 | -64.5% |
| Total equity and liabilities | 10/49 | €834,920 | €954,699 | +€119,779 | +14.3% |
| Equity | 10/15 | €494,154 | €508,053 | +€13,899 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €260,426 | €260,426 | = | 0.0% |
| Distributable reserves | 133 | €260,426 | €260,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,136 | €229,034 | +€13,899 | +6.5% |
| Amounts payable | 17/49 | €340,766 | €446,646 | +€105,880 | +31.1% |
| Amounts payable after more than one year | 17 | €195,711 | €150,567 | -€45,144 | -23.1% |
| Financial debts | 170/4 | €195,711 | €150,567 | -€45,144 | -23.1% |
| Amounts payable within one year | 42/48 | €145,024 | €295,751 | +€150,728 | +104% |
| Current portion of amounts payable after more than one year | 42 | €63,552 | €60,144 | -€3,409 | -5.4% |
| Financial debts | 43 | €5,864 | €27,092 | +€21,228 | +362% |
| Credit institutions | 430/8 | €5,864 | €27,092 | +€21,228 | +362% |
| Trade debts | 44 | €69,705 | €193,803 | +€124,099 | +178% |
| Suppliers | 440/4 | €69,705 | €193,803 | +€124,099 | +178% |
| Advances received on contracts in progress | 46 | - | €1,579 | +€1,579 | |
| Taxes, remuneration and social security | 45 | €5,903 | €13,133 | +€7,230 | +122% |
| Taxes | 450/3 | €5,903 | €13,133 | +€7,230 | +122% |
| Accrued charges and deferred income | 492/3 | €31 | €328 | +€296 | +944% |
| Turnover | 70 | €1,041,708 | €1,000,156 | -€41,552 | -4.0% |
| Non-recurring operating income | 76A | €3,378 | €650 | -€2,728 | -80.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €989,147 | €991,383 | +€2,236 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,715 | €33,555 | +€2,840 | +9.2% |
| Other operating charges | 640/8 | €7,693 | €7,963 | +€271 | +3.5% |
| Non-recurring operating charges | 66A | €591 | €215 | -€376 | -63.6% |
| Gross operating margin | 9900 | €55,940 | €67,936 | +€11,996 | +21.4% |
| Operating profit (loss) | 9901 | €16,941 | €26,202 | +€9,262 | +54.7% |
| Financial income | 75/76B | €11,565 | €986 | -€10,579 | -91.5% |
| Recurring financial income | 75 | €11,565 | €986 | -€10,579 | -91.5% |
| Financial charges | 65/66B | €6,064 | €8,828 | +€2,763 | +45.6% |
| Recurring financial charges | 65 | €6,064 | €8,828 | +€2,763 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €22,441 | €18,361 | -€4,080 | -18.2% |
| Income taxes | 67/77 | €5,880 | €4,462 | -€1,418 | -24.1% |
| Profit (loss) for the period | 9904 | €16,561 | €13,899 | -€2,662 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,561 | €13,899 | -€2,662 | -16.1% |
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 17 October 2026 via checked.be.