SANIFAC: 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.
SANIFAC
Largest movements
- Receivables within one year -€318,959
down €318,959 (-51.3%), from €621,279 to €302,320
of which Other amounts receivable: -€250,362
- Cash -€8,225
down €8,225 (-6.2%), from €132,316 to €124,091
mainly Other debts (-€250,000) and Net result for the year (-€126,171)
- Other debts -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Profit (loss) carried forward -€126,171
down €126,171 (-66.2%), from €190,671 to €64,501
- Trade debts +€48,987
up €48,987 (+115.4%), from €42,462 to €91,449
- Other operating charges +€91,352
new in 2025: €91,352
- Financial income -€31,496
no longer reported in 2025 (was €31,496)
- Gross operating margin +€4,394
up €4,394 (+11.2%), from -€39,089 to -€34,696
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 | €753,595 | €426,411 | -€327,184 | -43.4% |
| Current assets | 29/58 | €753,595 | €426,411 | -€327,184 | -43.4% |
| Amounts receivable within one year | 40/41 | €621,279 | €302,320 | -€318,959 | -51.3% |
| Trade receivables | 40 | €109,568 | €40,971 | -€68,597 | -62.6% |
| Other amounts receivable | 41 | €511,711 | €261,349 | -€250,362 | -48.9% |
| Cash at bank and in hand | 54/58 | €132,316 | €124,091 | -€8,225 | -6.2% |
| Total equity and liabilities | 10/49 | €753,595 | €426,411 | -€327,184 | -43.4% |
| Equity | 10/15 | €211,131 | €84,961 | -€126,171 | -59.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,671 | €64,501 | -€126,171 | -66.2% |
| Amounts payable | 17/49 | €542,464 | €341,450 | -€201,013 | -37.1% |
| Amounts payable within one year | 42/48 | €542,464 | €341,450 | -€201,013 | -37.1% |
| Trade debts | 44 | €42,462 | €91,449 | +€48,987 | +115.4% |
| Suppliers | 440/4 | €42,462 | €91,449 | +€48,987 | +115.4% |
| Taxes, remuneration and social security | 45 | €1 | €1 | = | 0.0% |
| Taxes | 450/3 | €1 | €1 | = | 0.0% |
| Other amounts payable | 47/48 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Other operating charges | 640/8 | - | €91,352 | +€91,352 | |
| Gross operating margin | 9900 | -€39,089 | -€34,696 | +€4,394 | +11.2% |
| Operating profit (loss) | 9901 | -€39,089 | -€126,048 | -€86,958 | -222.5% |
| Financial income | 75/76B | €31,496 | - | -€31,496 | |
| Recurring financial income | 75 | €31,496 | - | -€31,496 | |
| Financial charges | 65/66B | €277 | €123 | -€153 | -55.4% |
| Recurring financial charges | 65 | €277 | €123 | -€153 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,870 | -€126,171 | -€118,301 | -1503.2% |
| Profit (loss) for the period | 9904 | -€7,870 | -€126,171 | -€118,301 | -1503.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,870 | -€126,171 | -€118,301 | -1503.2% |
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 11 October 2026 via checked.be.