Sanical: 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.
Sanical
Largest movements
- Tangible fixed assets +€570,129
up €570,129 (+279.3%), from €204,127 to €774,256
of which Land and buildings: +€605,376
- Cash +€18,076
up €18,076 (+727.7%), from €2,484 to €20,559
mainly Debts after one year (+€460,366) and Short-term financial debts (+€75,000)
- Receivables within one year -€15,645
down €15,645 (-15.4%), from €101,915 to €86,270
of which Other amounts receivable: -€17,470
- Debts after one year +€460,366
up €460,366 (+256.6%), from €179,434 to €639,800
- Short-term financial debts +€75,000
new in 2025: €75,000
- Current portion of long-term debt +€24,700
new in 2025: €24,700
- Gross operating margin +€93,031
up €93,031, from -€42,030 to €51,001
- Depreciation +€25,451
new in 2025: €25,451
- Financial charges +€24,146
up €24,146 (+431.8%), from €5,591 to €29,737
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 | €308,526 | €881,218 | +€572,691 | +185.6% |
| Fixed assets | 21/28 | €204,127 | €774,256 | +€570,129 | +279.3% |
| Tangible fixed assets | 22/27 | €204,127 | €774,256 | +€570,129 | +279.3% |
| Land and buildings | 22 | €168,881 | €774,256 | +€605,376 | +358.5% |
| Assets under construction and advance payments | 27 | €35,247 | - | -€35,247 | |
| Current assets | 29/58 | €104,399 | €106,962 | +€2,563 | +2.5% |
| Amounts receivable within one year | 40/41 | €101,915 | €86,270 | -€15,645 | -15.4% |
| Trade receivables | 40 | €84,446 | €86,270 | +€1,825 | +2.2% |
| Other amounts receivable | 41 | €17,470 | - | -€17,470 | |
| Cash at bank and in hand | 54/58 | €2,484 | €20,559 | +€18,076 | +727.7% |
| Deferred charges and accrued income | 490/1 | - | €132 | +€132 | |
| Total equity and liabilities | 10/49 | €308,526 | €881,218 | +€572,691 | +185.6% |
| Equity | 10/15 | €34,930 | €30,743 | -€4,187 | -12.0% |
| Contributions | 10/11 | €71,000 | €71,000 | = | 0.0% |
| Capital | 10 | €71,000 | €71,000 | = | 0.0% |
| Issued capital | 100 | €71,000 | €71,000 | = | 0.0% |
| Reserves | 13 | €7,100 | €7,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,100 | €7,100 | = | 0.0% |
| Legal reserve | 130 | €7,100 | €7,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,170 | -€47,357 | -€4,187 | -9.7% |
| Amounts payable | 17/49 | €273,596 | €850,475 | +€576,879 | +210.9% |
| Amounts payable after more than one year | 17 | €179,434 | €639,800 | +€460,366 | +256.6% |
| Financial debts | 170/4 | €179,434 | €639,800 | +€460,366 | +256.6% |
| Amounts payable within one year | 42/48 | €94,163 | €204,217 | +€110,054 | +116.9% |
| Current portion of amounts payable after more than one year | 42 | - | €24,700 | +€24,700 | |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €1,976 | - | -€1,976 | |
| Suppliers | 440/4 | €1,976 | - | -€1,976 | |
| Advances received on contracts in progress | 46 | - | €4,608 | +€4,608 | |
| Taxes, remuneration and social security | 45 | - | €3,639 | +€3,639 | |
| Taxes | 450/3 | - | €3,639 | +€3,639 | |
| Other amounts payable | 47/48 | €92,186 | €96,269 | +€4,083 | +4.4% |
| Accrued charges and deferred income | 492/3 | - | €6,458 | +€6,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,451 | +€25,451 | |
| Other operating charges | 640/8 | €10 | - | -€10 | |
| Gross operating margin | 9900 | -€42,030 | €51,001 | +€93,031 | |
| Operating profit (loss) | 9901 | -€42,040 | €25,550 | +€67,590 | |
| Financial charges | 65/66B | €5,591 | €29,737 | +€24,146 | +431.8% |
| Recurring financial charges | 65 | €5,591 | €29,737 | +€24,146 | +431.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,631 | -€4,187 | +€43,444 | +91.2% |
| Profit (loss) for the period | 9904 | -€47,631 | -€4,187 | +€43,444 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,631 | -€4,187 | +€43,444 | +91.2% |
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.