SANICOLE: 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.
SANICOLE
Largest movements
- Cash +€31,894
up €31,894 (+115%), from €27,782 to €59,676
mainly Trade debts (+€71,207) and Depreciation (+€30,694)
- Stocks and contracts +€29,119
up €29,119 (+4.7%), from €614,715 to €643,834
- Receivables within one year +€22,105
up €22,105 (+5.4%), from €406,245 to €428,350
of which Trade receivables: +€134,901
- Trade debts +€71,207
up €71,207 (+16.3%), from €436,506 to €507,713
- Tax, wage and social debts +€21,302
up €21,302 (+39.1%), from €54,482 to €75,784
of which Remuneration and social security: +€24,427
- Short-term financial debts -€20,000
down €20,000 (-21.1%), from €95,000 to €75,000
- Gross operating margin +€93,726
up €93,726 (+30.1%), from €311,881 to €405,607
- Staff costs +€70,324
up €70,324 (+24.5%), from €287,110 to €357,434
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,281,907 | €1,355,013 | +€73,106 | +5.7% |
| Fixed assets | 21/28 | €211,540 | €203,415 | -€8,125 | -3.8% |
| Tangible fixed assets | 22/27 | €211,405 | €203,280 | -€8,125 | -3.8% |
| Land and buildings | 22 | €159,924 | €184,486 | +€24,562 | +15.4% |
| Plant, machinery and equipment | 23 | €2,706 | €1,807 | -€899 | -33.2% |
| Furniture and vehicles | 24 | €26,038 | €16,987 | -€9,051 | -34.8% |
| Assets under construction and advance payments | 27 | €22,737 | - | -€22,737 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,070,367 | €1,151,598 | +€81,231 | +7.6% |
| Stocks and contracts in progress | 3 | €614,715 | €643,834 | +€29,119 | +4.7% |
| Stocks | 30/36 | €614,715 | €643,834 | +€29,119 | +4.7% |
| Amounts receivable within one year | 40/41 | €406,245 | €428,350 | +€22,105 | +5.4% |
| Trade receivables | 40 | €264,108 | €399,009 | +€134,901 | +51.1% |
| Other amounts receivable | 41 | €142,137 | €29,341 | -€112,796 | -79.4% |
| Cash at bank and in hand | 54/58 | €27,782 | €59,676 | +€31,894 | +115% |
| Deferred charges and accrued income | 490/1 | €21,625 | €19,738 | -€1,887 | -8.7% |
| Total equity and liabilities | 10/49 | €1,281,907 | €1,355,013 | +€73,106 | +5.7% |
| Equity | 10/15 | €681,193 | €682,061 | +€868 | +0.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €556,193 | €557,061 | +€868 | +0.2% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €543,693 | €544,561 | +€868 | +0.2% |
| Amounts payable | 17/49 | €600,714 | €672,952 | +€72,238 | +12.0% |
| Amounts payable within one year | 42/48 | €600,714 | €672,952 | +€72,238 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €14,726 | €14,455 | -€271 | -1.8% |
| Financial debts | 43 | €95,000 | €75,000 | -€20,000 | -21.1% |
| Credit institutions | 430/8 | €95,000 | €75,000 | -€20,000 | -21.1% |
| Trade debts | 44 | €436,506 | €507,713 | +€71,207 | +16.3% |
| Suppliers | 440/4 | €436,506 | €507,713 | +€71,207 | +16.3% |
| Taxes, remuneration and social security | 45 | €54,482 | €75,784 | +€21,302 | +39.1% |
| Taxes | 450/3 | €36,467 | €33,342 | -€3,125 | -8.6% |
| Remuneration and social security | 454/9 | €18,015 | €42,442 | +€24,427 | +136% |
| Remuneration, social security and pensions | 62 | €287,110 | €357,434 | +€70,324 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,143 | €30,694 | -€449 | -1.4% |
| Other operating charges | 640/8 | €12,585 | €14,409 | +€1,824 | +14.5% |
| Gross operating margin | 9900 | €311,881 | €405,607 | +€93,726 | +30.1% |
| Operating profit (loss) | 9901 | -€18,957 | €3,070 | +€22,027 | |
| Financial income | 75/76B | €5,761 | €5,761 | = | 0.0% |
| Recurring financial income | 75 | €5,761 | €5,761 | = | 0.0% |
| Financial charges | 65/66B | €5,897 | €5,963 | +€66 | +1.1% |
| Recurring financial charges | 65 | €5,897 | €5,963 | +€66 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,093 | €2,868 | +€21,961 | |
| Income taxes | 67/77 | €325 | €2,000 | +€1,675 | +515% |
| Profit (loss) for the period | 9904 | -€19,418 | €868 | +€20,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,418 | €868 | +€20,286 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.