Sanico: 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.
What changed
Sanico
NACE 21.201, Manufacture of basic pharmaceutical products and pharmaceutical preparations
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€789,721
2024 · €1.2m-€442,643
Equity
€13.3m
2024 · €12.5m+€789,721
Cash
€5.0m
2024 · €5.2m-€147,977
Balance sheet total
€24.2m
2024 · €23.8m+€390,863
Largest movements
Assets
- Current investments +€2.3m
up €2.3m (+47.2%), from €4.9m to €7.2m
- Tangible fixed assets -€712,160
down €712,160 (-13.6%), from €5.3m to €4.5m
of which Plant, machinery and equipment: -€454,952
- Stocks and contracts -€547,253
down €547,253 (-11.3%), from €4.8m to €4.3m
- Receivables within one year -€531,754
down €531,754 (-16.3%), from €3.3m to €2.7m
of which Other amounts receivable: -€301,553
Equity and liabilities
- Reserves +€789,721
up €789,721 (+6.5%), from €12.2m to €13.0m
of which Distributable reserves: +€789,721
- Trade debts -€319,936
down €319,936 (-16.2%), from €2.0m to €1.7m
Income statement
- Turnover -€2.0m
down €2.0m (-8.3%), from €24.3m to €22.3m
- Goods and materials -€895,670
down €895,670 (-11.2%), from €8.0m to €7.1m
of which Change in stocks: decrease (increase): -€1.0m
- Staff costs -€411,346
down €411,346 (-5.8%), from €7.1m to €6.6m
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.
Result 2024
€1.2m
Turnover
-€2.0m
Other operating income
-€61,500
Goods and materials
+€895,670
Services and other goods
+€205,262
Staff costs
+€411,346
Depreciation
+€168,930
Other operating charges
-€4,598
Other operating items
-€102,320
Financial income
-€84,805
Financial charges
-€1,050
Taxes
+€151,247
Result 2025
€789,721
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.
From operations
+€2.5m
Investment
-€2.6m
Financing
€0
Cash 2024
€5.2m
From operations (derived)
+€2.5m
Net result for the year
+€789,721
Depreciation
+€1.0m
Stocks and contracts
+€547,253
Receivables within one year
+€531,754
Deferred charges and accrued income
-€33,271
Trade debts
-€319,936
Tax, wage and social debts
-€78,875
Accrued charges and deferred income
-€48
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€318,602
Current investments
-€2.3m
Cash 2025
€5.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,804,393 | €24,195,256 | +€390,863 | +1.6% |
| Fixed assets | 21/28 | €5,313,535 | €4,584,453 | -€729,083 | -13.7% |
| Intangible fixed assets | 21 | €59,854 | €42,931 | -€16,922 | -28.3% |
| Tangible fixed assets | 22/27 | €5,253,156 | €4,540,996 | -€712,160 | -13.6% |
| Land and buildings | 22 | €2,093,794 | €1,910,188 | -€183,606 | -8.8% |
| Plant, machinery and equipment | 23 | €2,885,569 | €2,430,616 | -€454,952 | -15.8% |
| Furniture and vehicles | 24 | €198,794 | €125,192 | -€73,602 | -37.0% |
| Other tangible fixed assets | 26 | €75,000 | €75,000 | = | 0.0% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Other financial fixed assets | 284/8 | €525 | €525 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €18,490,858 | €19,610,803 | +€1.1m | +6.1% |
| Stocks and contracts in progress | 3 | €4,822,751 | €4,275,498 | -€547,253 | -11.3% |
| Stocks | 30/36 | €4,822,751 | €4,275,498 | -€547,253 | -11.3% |
| Raw materials and consumables | 30/31 | €3,017,516 | €2,536,486 | -€481,029 | -15.9% |
| Work in progress | 32 | €894,443 | €1,522,227 | +€627,784 | +70.2% |
| Finished goods | 33 | €910,792 | €216,784 | -€694,008 | -76.2% |
| Amounts receivable within one year | 40/41 | €3,256,121 | €2,724,368 | -€531,754 | -16.3% |
| Trade receivables | 40 | €2,676,218 | €2,446,018 | -€230,200 | -8.6% |
| Other amounts receivable | 41 | €579,903 | €278,350 | -€301,553 | -52.0% |
| Current investments | 50/53 | €4,899,588 | €7,213,246 | +€2.3m | +47.2% |
| Other investments | 51/53 | €4,899,588 | €7,213,246 | +€2.3m | +47.2% |
| Cash at bank and in hand | 54/58 | €5,190,699 | €5,042,722 | -€147,977 | -2.9% |
| Deferred charges and accrued income | 490/1 | €321,699 | €354,970 | +€33,271 | +10.3% |
| Total equity and liabilities | 10/49 | €23,804,393 | €24,195,256 | +€390,863 | +1.6% |
| Equity | 10/15 | €12,503,395 | €13,293,116 | +€789,721 | +6.3% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €12,181,133 | €12,970,854 | +€789,721 | +6.5% |
| Non-distributable reserves | 130/1 | €54,041 | €54,041 | = | 0.0% |
| Legal reserve | 130 | €32,226 | €32,226 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,815 | €21,815 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,132 | €17,132 | = | 0.0% |
| Distributable reserves | 133 | €12,109,960 | €12,899,681 | +€789,721 | +6.5% |
| Amounts payable | 17/49 | €11,300,998 | €10,902,140 | -€398,859 | -3.5% |
| Amounts payable within one year | 42/48 | €11,300,885 | €10,902,074 | -€398,811 | -3.5% |
| Trade debts | 44 | €1,971,248 | €1,651,312 | -€319,936 | -16.2% |
| Suppliers | 440/4 | €1,971,248 | €1,651,312 | -€319,936 | -16.2% |
| Taxes, remuneration and social security | 45 | €1,296,977 | €1,218,103 | -€78,875 | -6.1% |
| Taxes | 450/3 | €240,072 | €219,460 | -€20,612 | -8.6% |
| Remuneration and social security | 454/9 | €1,056,906 | €998,643 | -€58,263 | -5.5% |
| Other amounts payable | 47/48 | €8,032,660 | €8,032,660 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €113 | €65 | -€48 | -42.3% |
| Operating income | 70/76A | €24,854,326 | €22,673,148 | -€2.2m | -8.8% |
| Turnover | 70 | €24,293,952 | €22,273,127 | -€2.0m | -8.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€34,303 | -€66,224 | -€31,921 | -93.1% |
| Other operating income | 74 | €473,934 | €412,433 | -€61,500 | -13.0% |
| Non-recurring operating income | 76A | €120,743 | €53,812 | -€66,932 | -55.4% |
| Operating charges | 60/66A | €23,251,387 | €21,578,244 | -€1.7m | -7.2% |
| Goods for resale, raw materials and consumables | 60 | €7,982,776 | €7,087,106 | -€895,670 | -11.2% |
| Purchases | 600/8 | €6,455,950 | €6,606,077 | +€150,127 | +2.3% |
| Change in stocks: decrease (increase) | 609 | €1,526,826 | €481,029 | -€1.0m | -68.5% |
| Services and other goods | 61 | €6,832,826 | €6,627,564 | -€205,262 | -3.0% |
| Remuneration, social security and pensions | 62 | €7,057,873 | €6,646,527 | -€411,346 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216,615 | €1,047,685 | -€168,930 | -13.9% |
| Other operating charges | 640/8 | €161,174 | €165,772 | +€4,598 | +2.9% |
| Non-recurring operating charges | 66A | €124 | €3,591 | +€3,467 | +2805.8% |
| Operating profit (loss) | 9901 | €1,602,938 | €1,094,903 | -€508,035 | -31.7% |
| Financial income | 75/76B | €193,755 | €108,950 | -€84,805 | -43.8% |
| Recurring financial income | 75 | €193,755 | €108,950 | -€84,805 | -43.8% |
| Income from current assets | 751 | €193,187 | €102,452 | -€90,736 | -47.0% |
| Other financial income | 752/9 | €567 | €6,498 | +€5,931 | +1045.5% |
| Financial charges | 65/66B | €86,340 | €87,389 | +€1,050 | +1.2% |
| Recurring financial charges | 65 | €86,340 | €87,389 | +€1,050 | +1.2% |
| Debt charges | 650 | €76,960 | €76,700 | -€260 | -0.3% |
| Other financial charges | 652/9 | €9,380 | €10,689 | +€1,310 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €1,710,353 | €1,116,464 | -€593,889 | -34.7% |
| Income taxes | 67/77 | €477,989 | €326,742 | -€151,247 | -31.6% |
| Taxes | 670/3 | €477,989 | €326,760 | -€151,229 | -31.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | €1,232,364 | €789,721 | -€442,643 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,232,364 | €789,721 | -€442,643 | -35.9% |
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 11 October 2026 via checked.be.