SANICOOP: 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.
SANICOOP
Largest movements
- Cash +€388,108
up €388,108 (+127%), from €305,538 to €693,646
mainly Trade debts (+€503,908) and Net result for the year (+€201,773)
- Receivables within one year +€373,728
up €373,728 (+10.5%), from €3.5m to €3.9m
of which Trade receivables: +€311,419
- Trade debts +€503,908
up €503,908 (+27.5%), from €1.8m to €2.3m
- Profit (loss) carried forward +€201,773
up €201,773 (+19.1%), from €1.1m to €1.3m
- Financial income +€155,792
up €155,792 (+23.0%), from €678,212 to €834,004
- Gross operating margin -€131,460
down €131,460 (-55.4%), from €237,203 to €105,743
- Financial charges +€55,949
up €55,949 (+14.1%), from €395,859 to €451,808
- Taxes -€15,492
down €15,492 (-17.9%), from €86,711 to €71,219
- Staff costs +€8,409
up €8,409 (+4.7%), from €179,997 to €188,405
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 | €3,921,688 | €4,679,665 | +€757,977 | +19.3% |
| Fixed assets | 21/28 | €49,131 | €49,414 | +€283 | +0.6% |
| Intangible fixed assets | 21 | €20,330 | €7,619 | -€12,711 | -62.5% |
| Tangible fixed assets | 22/27 | €6,778 | €19,773 | +€12,994 | +192% |
| Furniture and vehicles | 24 | €6,778 | €19,773 | +€12,994 | +192% |
| Financial fixed assets | 28 | €22,023 | €22,023 | = | 0.0% |
| Current assets | 29/58 | €3,872,557 | €4,630,250 | +€757,693 | +19.6% |
| Stocks and contracts in progress | 3 | €14,422 | €9,956 | -€4,467 | -31.0% |
| Stocks | 30/36 | €14,422 | €9,956 | -€4,467 | -31.0% |
| Amounts receivable within one year | 40/41 | €3,549,634 | €3,923,362 | +€373,728 | +10.5% |
| Trade receivables | 40 | €3,364,701 | €3,676,121 | +€311,419 | +9.3% |
| Other amounts receivable | 41 | €184,932 | €247,241 | +€62,309 | +33.7% |
| Cash at bank and in hand | 54/58 | €305,538 | €693,646 | +€388,108 | +127% |
| Deferred charges and accrued income | 490/1 | €2,963 | €3,287 | +€324 | +10.9% |
| Total equity and liabilities | 10/49 | €3,921,688 | €4,679,665 | +€757,977 | +19.3% |
| Equity | 10/15 | €1,096,982 | €1,298,755 | +€201,773 | +18.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €15,973 | €15,973 | = | 0.0% |
| Distributable reserves | 133 | €15,973 | €15,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,059,010 | €1,260,782 | +€201,773 | +19.1% |
| Amounts payable | 17/49 | €2,824,706 | €3,380,909 | +€556,204 | +19.7% |
| Amounts payable within one year | 42/48 | €2,824,706 | €3,380,909 | +€556,204 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €785,000 | €825,000 | +€40,000 | +5.1% |
| Trade debts | 44 | €1,833,147 | €2,337,055 | +€503,908 | +27.5% |
| Suppliers | 440/4 | €1,833,147 | €2,337,055 | +€503,908 | +27.5% |
| Taxes, remuneration and social security | 45 | €155,309 | €192,604 | +€37,295 | +24.0% |
| Taxes | 450/3 | €133,675 | €170,115 | +€36,441 | +27.3% |
| Remuneration and social security | 454/9 | €21,634 | €22,489 | +€855 | +4.0% |
| Other amounts payable | 47/48 | €51,250 | €26,250 | -€25,000 | -48.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €179,997 | €188,405 | +€8,409 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,002 | €25,839 | +€6,837 | +36.0% |
| Other operating charges | 640/8 | €4,937 | €703 | -€4,234 | -85.8% |
| Gross operating margin | 9900 | €237,203 | €105,743 | -€131,460 | -55.4% |
| Operating profit (loss) | 9901 | €33,268 | -€109,204 | -€142,471 | |
| Financial income | 75/76B | €678,212 | €834,004 | +€155,792 | +23.0% |
| Recurring financial income | 75 | €678,212 | €834,004 | +€155,792 | +23.0% |
| Financial charges | 65/66B | €395,859 | €451,808 | +€55,949 | +14.1% |
| Recurring financial charges | 65 | €395,859 | €451,808 | +€55,949 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €315,620 | €272,992 | -€42,628 | -13.5% |
| Income taxes | 67/77 | €86,711 | €71,219 | -€15,492 | -17.9% |
| Profit (loss) for the period | 9904 | €228,909 | €201,773 | -€27,136 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €228,909 | €201,773 | -€27,136 | -11.9% |
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 24 October 2026 via checked.be.