SANICED: 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.
SANICED
Largest movements
- Cash -€41,991
down €41,991 (-40.6%), from €103,427 to €61,436
mainly Contributions, distributions and other (-€20,900) and Receivables within one year (-€16,471)
- Receivables within one year +€16,471
up €16,471 (+181.4%), from €9,081 to €25,551
of which Trade receivables: +€22,725
- Tangible fixed assets -€8,961
down €8,961 (-32.5%), from €27,566 to €18,606
of which Furniture and vehicles: -€7,739
- Reserves -€10,900
down €10,900 (-14.0%), from €77,735 to €66,835
of which Distributable reserves: -€9,040
- Trade debts -€9,433
down €9,433 (-98.0%), from €9,628 to €195
- Other debts -€9,353
down €9,353 (-84.3%), from €11,101 to €1,748
- Debts after one year -€5,856
down €5,856 (-45.1%), from €12,998 to €7,142
- Gross operating margin -€50,623
down €50,623 (-63.6%), from €79,570 to €28,947
- Staff costs -€40,763
down €40,763 (-95.0%), from €42,909 to €2,146
- Taxes -€2,793
down €2,793 (-35.1%), from €7,947 to €5,154
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 | €143,498 | €108,788 | -€34,709 | -24.2% |
| Fixed assets | 21/28 | €27,566 | €18,606 | -€8,961 | -32.5% |
| Tangible fixed assets | 22/27 | €27,566 | €18,606 | -€8,961 | -32.5% |
| Plant, machinery and equipment | 23 | €2,966 | €2,138 | -€828 | -27.9% |
| Furniture and vehicles | 24 | €23,904 | €16,165 | -€7,739 | -32.4% |
| Other tangible fixed assets | 26 | €696 | €303 | -€393 | -56.5% |
| Current assets | 29/58 | €115,931 | €90,182 | -€25,749 | -22.2% |
| Amounts receivable within one year | 40/41 | €9,081 | €25,551 | +€16,471 | +181.4% |
| Trade receivables | 40 | €334 | €23,059 | +€22,725 | +6805.9% |
| Other amounts receivable | 41 | €8,747 | €2,493 | -€6,254 | -71.5% |
| Cash at bank and in hand | 54/58 | €103,427 | €61,436 | -€41,991 | -40.6% |
| Deferred charges and accrued income | 490/1 | €3,423 | €3,195 | -€228 | -6.7% |
| Total equity and liabilities | 10/49 | €143,498 | €108,788 | -€34,709 | -24.2% |
| Equity | 10/15 | €97,223 | €86,347 | -€10,877 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,735 | €66,835 | -€10,900 | -14.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €75,875 | €66,835 | -€9,040 | -11.9% |
| Profit (loss) carried forward | 14 | €888 | €912 | +€23 | +2.6% |
| Amounts payable | 17/49 | €46,274 | €22,442 | -€23,833 | -51.5% |
| Amounts payable after more than one year | 17 | €12,998 | €7,142 | -€5,856 | -45.1% |
| Financial debts | 170/4 | €12,998 | €7,142 | -€5,856 | -45.1% |
| Amounts payable within one year | 42/48 | €32,750 | €15,299 | -€17,451 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €5,622 | €5,856 | +€235 | +4.2% |
| Trade debts | 44 | €9,628 | €195 | -€9,433 | -98.0% |
| Suppliers | 440/4 | €9,628 | €195 | -€9,433 | -98.0% |
| Taxes, remuneration and social security | 45 | €6,400 | €7,500 | +€1,100 | +17.2% |
| Taxes | 450/3 | €6,400 | €5,500 | -€900 | -14.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €11,101 | €1,748 | -€9,353 | -84.3% |
| Accrued charges and deferred income | 492/3 | €526 | - | -€526 | |
| Non-recurring operating income | 76A | - | €12,397 | +€12,397 | |
| Remuneration, social security and pensions | 62 | €42,909 | €2,146 | -€40,763 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,290 | €8,961 | -€329 | -3.5% |
| Other operating charges | 640/8 | €1,442 | €1,574 | +€132 | +9.2% |
| Gross operating margin | 9900 | €79,570 | €28,947 | -€50,623 | -63.6% |
| Operating profit (loss) | 9901 | €25,929 | €16,267 | -€9,662 | -37.3% |
| Financial income | 75/76B | €580 | €865 | +€286 | +49.3% |
| Recurring financial income | 75 | €580 | €865 | +€286 | +49.3% |
| Financial charges | 65/66B | €1,797 | €1,955 | +€158 | +8.8% |
| Recurring financial charges | 65 | €1,797 | €1,955 | +€158 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €24,712 | €15,178 | -€9,535 | -38.6% |
| Income taxes | 67/77 | €7,947 | €5,154 | -€2,793 | -35.1% |
| Profit (loss) for the period | 9904 | €16,765 | €10,023 | -€6,741 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,765 | €10,023 | -€6,741 | -40.2% |
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.