SANICON: 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.
SANICON
Largest movements
- Receivables within one year -€22,173
down €22,173 (-27.4%), from €81,000 to €58,827
of which Trade receivables: -€25,779
- Cash +€2,984
up €2,984 (+18.9%), from €15,787 to €18,771
mainly Receivables within one year (+€22,173) and Net result for the year (+€8,146)
- Tangible fixed assets -€2,453
down €2,453 (-4.1%), from €59,573 to €57,120
of which Land and buildings: -€1,757
- Intangible fixed assets -€2,100
down €2,100 (-28.3%), from €7,433 to €5,333
- Trade debts -€17,343
down €17,343 (-30.9%), from €56,147 to €38,804
- Profit (loss) carried forward +€7,959
no longer reported in 2025 (was -€7,959)
- Other debts -€7,613
down €7,613 (-19.1%), from €39,898 to €32,285
- Current portion of long-term debt -€4,617
no longer reported in 2025 (was €4,617)
- Tax, wage and social debts -€3,135
down €3,135 (-89.4%), from €3,505 to €370
of which Taxes: -€1,607
- Gross operating margin +€58,857
up €58,857, from -€16,865 to €41,992
- Staff costs +€18,861
new in 2025: €18,861
- Financial charges +€5,667
up €5,667, from -€114 to €5,552
- Depreciation +€3,584
up €3,584 (+92.6%), from €3,872 to €7,456
- Other operating charges +€2,079
up €2,079 (+451.8%), from €460 to €2,539
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 | €174,953 | €150,390 | -€24,562 | -14.0% |
| Fixed assets | 21/28 | €70,787 | €66,234 | -€4,553 | -6.4% |
| Intangible fixed assets | 21 | €7,433 | €5,333 | -€2,100 | -28.3% |
| Tangible fixed assets | 22/27 | €59,573 | €57,120 | -€2,453 | -4.1% |
| Land and buildings | 22 | €42,092 | €40,336 | -€1,757 | -4.2% |
| Furniture and vehicles | 24 | €10,510 | €9,863 | -€647 | -6.2% |
| Other tangible fixed assets | 26 | €6,971 | €6,922 | -€49 | -0.7% |
| Financial fixed assets | 28 | €3,780 | €3,780 | = | 0.0% |
| Current assets | 29/58 | €104,166 | €84,156 | -€20,009 | -19.2% |
| Stocks and contracts in progress | 3 | €5,000 | €5,127 | +€127 | +2.5% |
| Stocks | 30/36 | €5,000 | €5,127 | +€127 | +2.5% |
| Amounts receivable within one year | 40/41 | €81,000 | €58,827 | -€22,173 | -27.4% |
| Trade receivables | 40 | €77,473 | €51,694 | -€25,779 | -33.3% |
| Other amounts receivable | 41 | €3,527 | €7,132 | +€3,606 | +102.2% |
| Cash at bank and in hand | 54/58 | €15,787 | €18,771 | +€2,984 | +18.9% |
| Deferred charges and accrued income | 490/1 | €2,379 | €1,431 | -€947 | -39.8% |
| Total equity and liabilities | 10/49 | €174,953 | €150,390 | -€24,562 | -14.0% |
| Equity | 10/15 | €70,785 | €78,931 | +€8,146 | +11.5% |
| Contributions | 10/11 | €19,600 | €19,600 | = | 0.0% |
| Reserves | 13 | €59,144 | €59,331 | +€187 | +0.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €57,284 | €59,331 | +€2,047 | +3.6% |
| Profit (loss) carried forward | 14 | -€7,959 | - | +€7,959 | |
| Amounts payable | 17/49 | €104,167 | €71,459 | -€32,708 | -31.4% |
| Amounts payable within one year | 42/48 | €104,167 | €71,459 | -€32,708 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €4,617 | - | -€4,617 | |
| Trade debts | 44 | €56,147 | €38,804 | -€17,343 | -30.9% |
| Suppliers | 440/4 | €56,147 | €38,804 | -€17,343 | -30.9% |
| Taxes, remuneration and social security | 45 | €3,505 | €370 | -€3,135 | -89.4% |
| Taxes | 450/3 | €1,977 | €370 | -€1,607 | -81.3% |
| Remuneration and social security | 454/9 | €1,528 | - | -€1,528 | |
| Other amounts payable | 47/48 | €39,898 | €32,285 | -€7,613 | -19.1% |
| Non-recurring operating income | 76A | €9,088 | - | -€9,088 | |
| Remuneration, social security and pensions | 62 | - | €18,861 | +€18,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,872 | €7,456 | +€3,584 | +92.6% |
| Other operating charges | 640/8 | €460 | €2,539 | +€2,079 | +451.8% |
| Gross operating margin | 9900 | -€16,865 | €41,992 | +€58,857 | |
| Operating profit (loss) | 9901 | -€21,197 | €13,136 | +€34,334 | |
| Financial income | 75/76B | €191 | €519 | +€328 | +171.4% |
| Recurring financial income | 75 | €191 | €519 | +€328 | +171.4% |
| Financial charges | 65/66B | -€114 | €5,552 | +€5,667 | |
| Recurring financial charges | 65 | -€114 | €5,552 | +€5,667 | |
| Profit (loss) for the period before taxes | 9903 | -€20,892 | €8,103 | +€28,995 | |
| Income taxes | 67/77 | -€1,319 | -€43 | +€1,276 | +96.7% |
| Profit (loss) for the period | 9904 | -€19,573 | €8,146 | +€27,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,573 | €8,146 | +€27,719 |
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 10 October 2026 via checked.be.