SANIDEAL: 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.
SANIDEAL
Largest movements
- Cash +€1.1m
up €1.1m (+2,006%), from €56,952 to €1.2m
mainly Debts after one year (+€1.0m) and Net result for the year (+€902,687)
- Current investments +€369,500
up €369,500 (+146%), from €253,500 to €623,000
- Tangible fixed assets +€298,718
up €298,718 (+16.5%), from €1.8m to €2.1m
of which Assets under construction and advance payments: +€221,750
- Receivables within one year +€149,693
up €149,693 (+11.6%), from €1.3m to €1.4m
of which Other amounts receivable: +€123,890
- Debts after one year +€1.0m
up €1.0m (+78.9%), from €1.3m to €2.3m
of which Other amounts payable: +€661,621
- Reserves +€902,529
up €902,529 (+631%), from €143,140 to €1.0m
of which Distributable reserves: +€863,140
- Trade debts +€843,511
up €843,511 (+151%), from €559,005 to €1.4m
- Other debts -€805,987
down €805,987 (-100%), from €805,987 to €0
- Provisions +€60,843
new in 2025: €60,843
- Gross operating margin +€1.2m
up €1.2m (+57.7%), from €2.1m to €3.3m
- Staff costs +€495,691
up €495,691 (+32.3%), from €1.5m to €2.0m
- Taxes +€54,315
up €54,315 (+53.9%), from €100,688 to €155,004
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 | €3,536,892 | €5,528,928 | +€2.0m | +56.3% |
| Fixed assets | 21/28 | €1,884,172 | €2,210,080 | +€325,908 | +17.3% |
| Tangible fixed assets | 22/27 | €1,806,512 | €2,105,230 | +€298,718 | +16.5% |
| Land and buildings | 22 | €1,608,609 | €1,636,967 | +€28,358 | +1.8% |
| Plant, machinery and equipment | 23 | €24,985 | €34,571 | +€9,586 | +38.4% |
| Furniture and vehicles | 24 | €172,918 | €211,942 | +€39,024 | +22.6% |
| Assets under construction and advance payments | 27 | - | €221,750 | +€221,750 | |
| Financial fixed assets | 28 | €77,660 | €104,850 | +€27,190 | +35.0% |
| Current assets | 29/58 | €1,652,720 | €3,318,848 | +€1.7m | +101% |
| Stocks and contracts in progress | 3 | €28,450 | €17,727 | -€10,723 | -37.7% |
| Stocks | 30/36 | €28,450 | €17,727 | -€10,723 | -37.7% |
| Amounts receivable within one year | 40/41 | €1,291,535 | €1,441,228 | +€149,693 | +11.6% |
| Trade receivables | 40 | €1,073,769 | €1,099,572 | +€25,803 | +2.4% |
| Other amounts receivable | 41 | €217,766 | €341,657 | +€123,890 | +56.9% |
| Current investments | 50/53 | €253,500 | €623,000 | +€369,500 | +146% |
| Cash at bank and in hand | 54/58 | €56,952 | €1,199,424 | +€1.1m | +2,006% |
| Deferred charges and accrued income | 490/1 | €22,283 | €37,469 | +€15,186 | +68.2% |
| Total equity and liabilities | 10/49 | €3,536,892 | €5,528,928 | +€2.0m | +56.3% |
| Equity | 10/15 | €684,231 | €1,580,018 | +€895,787 | +131% |
| Contributions | 10/11 | €416,891 | €416,891 | = | 0.0% |
| Reserves | 13 | €143,140 | €1,045,669 | +€902,529 | +631% |
| Tax-exempt reserves | 132 | €143,140 | €182,529 | +€39,389 | +27.5% |
| Distributable reserves | 133 | €0 | €863,140 | +€863,140 | |
| Profit (loss) carried forward | 14 | €0 | €158 | +€158 | |
| Investment grants | 15 | €124,200 | €117,300 | -€6,900 | -5.6% |
| Provisions and deferred taxes | 16 | - | €60,843 | +€60,843 | |
| Deferred taxes | 168 | - | €60,843 | +€60,843 | |
| Amounts payable | 17/49 | €2,852,661 | €3,888,067 | +€1.0m | +36.3% |
| Amounts payable after more than one year | 17 | €1,272,348 | €2,276,212 | +€1.0m | +78.9% |
| Financial debts | 170/4 | €1,266,348 | €1,608,591 | +€342,243 | +27.0% |
| Other amounts payable | 178/9 | €6,000 | €667,621 | +€661,621 | +11,027% |
| Amounts payable within one year | 42/48 | €1,572,019 | €1,603,562 | +€31,543 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €125,183 | €138,921 | +€13,737 | +11.0% |
| Trade debts | 44 | €559,005 | €1,402,517 | +€843,511 | +151% |
| Suppliers | 440/4 | €559,005 | €1,402,517 | +€843,511 | +151% |
| Taxes, remuneration and social security | 45 | €81,843 | €62,125 | -€19,718 | -24.1% |
| Taxes | 450/3 | €896 | €2,082 | +€1,186 | +132% |
| Remuneration and social security | 454/9 | €80,947 | €60,043 | -€20,904 | -25.8% |
| Other amounts payable | 47/48 | €805,987 | €0 | -€805,987 | -100% |
| Accrued charges and deferred income | 492/3 | €8,294 | €8,293 | -€1 | 0.0% |
| Non-recurring operating income | 76A | €6,360 | €243,372 | +€237,012 | +3,727% |
| Remuneration, social security and pensions | 62 | €1,534,665 | €2,030,357 | +€495,691 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,242 | €163,405 | +€14,162 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,003 | €0 | -€5,003 | -100% |
| Other operating charges | 640/8 | €20,143 | €19,445 | -€697 | -3.5% |
| Gross operating margin | 9900 | €2,116,985 | €3,339,220 | +€1.2m | +57.7% |
| Operating profit (loss) | 9901 | €407,933 | €1,126,014 | +€718,081 | +176% |
| Financial income | 75/76B | €13,522 | €22,276 | +€8,753 | +64.7% |
| Recurring financial income | 75 | €13,522 | €22,276 | +€8,753 | +64.7% |
| Financial charges | 65/66B | €23,014 | €29,756 | +€6,742 | +29.3% |
| Recurring financial charges | 65 | €23,014 | €29,756 | +€6,742 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €398,441 | €1,118,533 | +€720,092 | +181% |
| Transfer to deferred taxes | 680 | - | €60,843 | +€60,843 | |
| Income taxes | 67/77 | €100,688 | €155,004 | +€54,315 | +53.9% |
| Profit (loss) for the period | 9904 | €297,753 | €902,687 | +€604,934 | +203% |
| Transfer from tax-exempt reserves | 789 | €75,780 | €143,140 | +€67,360 | +88.9% |
| Transfer to tax-exempt reserves | 689 | - | €182,529 | +€182,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €373,533 | €863,298 | +€489,765 | +131% |
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 22 October 2026 via checked.be.