SANIFAST: 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.
SANIFAST
Largest movements
- Receivables within one year -€19,497
down €19,497 (-32.4%), from €60,135 to €40,638
of which Other amounts receivable: -€10,426
- Cash +€11,740
up €11,740 (+302%), from €3,881 to €15,621
mainly Receivables within one year (+€19,497) and Trade debts (+€5,166)
- Tangible fixed assets +€1,764
up €1,764 (+100%), from €1,758 to €3,522
- Deferred charges and accrued income +€1,184
new in 2025: €1,184
- Debts after one year -€8,000
down €8,000 (-61.5%), from €13,012 to €5,012
- Trade debts +€5,166
up €5,166 (+30.0%), from €17,235 to €22,401
- Profit (loss) carried forward -€3,016
down €3,016 (-11.9%), from €25,412 to €22,396
- Tax, wage and social debts +€698
up €698 (+176%), from €396 to €1,095
- Purchases and services +€165,225
up €165,225 (+117%), from €141,816 to €307,041
- Turnover +€143,460
up €143,460 (+68.2%), from €210,419 to €353,879
- Gross operating margin -€21,765
down €21,765 (-31.7%), from €68,603 to €46,838
- Staff costs +€6,350
up €6,350 (+21.0%), from €30,248 to €36,598
- Taxes +€5,923
up €5,923 (+1,096%), from €541 to €6,464
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 | €66,485 | €61,676 | -€4,809 | -7.2% |
| Fixed assets | 21/28 | €2,468 | €4,232 | +€1,764 | +71.5% |
| Tangible fixed assets | 22/27 | €1,758 | €3,522 | +€1,764 | +100% |
| Plant, machinery and equipment | 23 | €1,758 | €3,522 | +€1,764 | +100% |
| Financial fixed assets | 28 | €710 | €710 | = | 0.0% |
| Current assets | 29/58 | €64,017 | €57,444 | -€6,573 | -10.3% |
| Amounts receivable within one year | 40/41 | €60,135 | €40,638 | -€19,497 | -32.4% |
| Trade receivables | 40 | €34,960 | €25,889 | -€9,071 | -25.9% |
| Other amounts receivable | 41 | €25,175 | €14,749 | -€10,426 | -41.4% |
| Cash at bank and in hand | 54/58 | €3,881 | €15,621 | +€11,740 | +302% |
| Deferred charges and accrued income | 490/1 | - | €1,184 | +€1,184 | |
| Total equity and liabilities | 10/49 | €66,485 | €61,676 | -€4,809 | -7.2% |
| Equity | 10/15 | €27,912 | €24,896 | -€3,016 | -10.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,412 | €22,396 | -€3,016 | -11.9% |
| Amounts payable | 17/49 | €38,573 | €36,780 | -€1,793 | -4.6% |
| Amounts payable after more than one year | 17 | €13,012 | €5,012 | -€8,000 | -61.5% |
| Financial debts | 170/4 | €13,012 | €5,012 | -€8,000 | -61.5% |
| Amounts payable within one year | 42/48 | €25,561 | €31,496 | +€5,935 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €7,550 | €8,000 | +€450 | +6.0% |
| Financial debts | 43 | €379 | - | -€379 | |
| Credit institutions | 430/8 | €379 | - | -€379 | |
| Trade debts | 44 | €17,235 | €22,401 | +€5,166 | +30.0% |
| Suppliers | 440/4 | €17,235 | €22,401 | +€5,166 | +30.0% |
| Taxes, remuneration and social security | 45 | €396 | €1,095 | +€698 | +176% |
| Remuneration and social security | 454/9 | €396 | €1,095 | +€698 | +176% |
| Accrued charges and deferred income | 492/3 | - | €272 | +€272 | |
| Turnover | 70 | €210,419 | €353,879 | +€143,460 | +68.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €141,816 | €307,041 | +€165,225 | +117% |
| Remuneration, social security and pensions | 62 | €30,248 | €36,598 | +€6,350 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477 | €965 | +€489 | +102% |
| Other operating charges | 640/8 | €958 | €4,189 | +€3,232 | +338% |
| Gross operating margin | 9900 | €68,603 | €46,838 | -€21,765 | -31.7% |
| Operating profit (loss) | 9901 | €36,920 | €5,085 | -€31,835 | -86.2% |
| Financial income | 75/76B | €21 | €301 | +€280 | +1,333% |
| Recurring financial income | 75 | €21 | €301 | +€280 | +1,333% |
| Financial charges | 65/66B | €1,769 | €1,939 | +€170 | +9.6% |
| Recurring financial charges | 65 | €1,769 | €1,939 | +€170 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €35,172 | €3,448 | -€31,724 | -90.2% |
| Income taxes | 67/77 | €541 | €6,464 | +€5,923 | +1,096% |
| Profit (loss) for the period | 9904 | €34,631 | -€3,016 | -€37,647 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,631 | -€3,016 | -€37,647 |
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 19 October 2026 via checked.be.