SaNico DESMET: 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.
" SaNico DESMET"
Largest movements
- Receivables within one year +€28,230
up €28,230 (+144%), from €19,670 to €47,900
of which Trade receivables: +€33,944
- Tangible fixed assets -€6,983
down €6,983 (-16.4%), from €42,591 to €35,608
- Cash -€5,398
down €5,398 (-48.1%), from €11,211 to €5,813
mainly Receivables within one year (-€28,230) and Accrued charges and deferred income (-€7,952)
- Profit (loss) carried forward +€13,804
up €13,804 (+41.9%), from €32,957 to €46,760
- Trade debts +€9,709
up €9,709 (+62.9%), from €15,442 to €25,151
- Accrued charges and deferred income -€7,952
down €7,952 (-37.0%), from €21,501 to €13,549
- Other operating charges -€36,492
down €36,492 (-99.6%), from €36,641 to €149
- Gross operating margin -€18,498
down €18,498 (-31.7%), from €58,369 to €39,870
- Staff costs +€9,996
up €9,996 (+257%), from €3,883 to €13,880
- Depreciation +€8,163
up €8,163 (+1,131%), from €722 to €8,884
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 | €76,946 | €92,904 | +€15,958 | +20.7% |
| Fixed assets | 21/28 | €42,715 | €35,732 | -€6,983 | -16.3% |
| Tangible fixed assets | 22/27 | €42,591 | €35,608 | -€6,983 | -16.4% |
| Furniture and vehicles | 24 | €42,591 | €35,608 | -€6,983 | -16.4% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €34,231 | €57,172 | +€22,941 | +67.0% |
| Amounts receivable within one year | 40/41 | €19,670 | €47,900 | +€28,230 | +144% |
| Trade receivables | 40 | €10,786 | €44,729 | +€33,944 | +315% |
| Other amounts receivable | 41 | €8,884 | €3,171 | -€5,713 | -64.3% |
| Cash at bank and in hand | 54/58 | €11,211 | €5,813 | -€5,398 | -48.1% |
| Deferred charges and accrued income | 490/1 | €3,351 | €3,459 | +€108 | +3.2% |
| Total equity and liabilities | 10/49 | €76,946 | €92,904 | +€15,958 | +20.7% |
| Equity | 10/15 | €37,957 | €51,760 | +€13,804 | +36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,957 | €46,760 | +€13,804 | +41.9% |
| Amounts payable | 17/49 | €38,990 | €41,144 | +€2,155 | +5.5% |
| Amounts payable within one year | 42/48 | €17,489 | €27,596 | +€10,107 | +57.8% |
| Trade debts | 44 | €15,442 | €25,151 | +€9,709 | +62.9% |
| Suppliers | 440/4 | €15,442 | €25,151 | +€9,709 | +62.9% |
| Taxes, remuneration and social security | 45 | €2,047 | €2,445 | +€398 | +19.4% |
| Taxes | 450/3 | €2,000 | €2,445 | +€445 | +22.2% |
| Remuneration and social security | 454/9 | €47 | €0 | -€47 | -100% |
| Accrued charges and deferred income | 492/3 | €21,501 | €13,549 | -€7,952 | -37.0% |
| Remuneration, social security and pensions | 62 | €3,883 | €13,880 | +€9,996 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €8,884 | +€8,163 | +1,131% |
| Other operating charges | 640/8 | €36,641 | €149 | -€36,492 | -99.6% |
| Gross operating margin | 9900 | €58,369 | €39,870 | -€18,498 | -31.7% |
| Operating profit (loss) | 9901 | €17,123 | €16,957 | -€166 | -1.0% |
| Financial charges | 65/66B | €199 | €220 | +€21 | +10.6% |
| Recurring financial charges | 65 | €199 | €220 | +€21 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €16,924 | €16,738 | -€186 | -1.1% |
| Income taxes | 67/77 | €3,500 | €2,934 | -€566 | -16.2% |
| Profit (loss) for the period | 9904 | €13,424 | €13,804 | +€379 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,424 | €13,804 | +€379 | +2.8% |
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 28 October 2026 via checked.be.