SANIFAUST: what changed
Two fiscal 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.
SANIFAUST
Largest movements
- Receivables within one year -€55,128
down €55,128 (-41.9%), from €131,651 to €76,523
of which Trade receivables: -€52,847
- Cash -€23,052
down €23,052 (-59.3%), from €38,899 to €15,847
mainly Trade debts (-€84,015) and Net result for the year (-€27,938)
- Tangible fixed assets -€5,866
down €5,866 (-11.4%), from €51,278 to €45,413
of which Furniture and vehicles: -€10,415
- Stocks and contracts +€3,324
up €3,324 (+20.4%), from €16,258 to €19,582
- Trade debts -€84,015
down €84,015 (-63.8%), from €131,685 to €47,670
- Other debts +€32,382
up €32,382 (+5397.0%), from €600 to €32,982
- Profit (loss) carried forward -€27,938
down €27,938 (-49.9%), from €55,961 to €28,023
- Debts after one year -€6,449
down €6,449 (-62.3%), from €10,345 to €3,895
- Tax, wage and social debts +€4,675
up €4,675 (+79.3%), from €5,897 to €10,572
of which Remuneration and social security: +€4,566
- Gross operating margin -€23,139
down €23,139 (-12.8%), from €180,820 to €157,681
- Other operating charges +€4,337
up €4,337 (+31.7%), from €13,666 to €18,003
- Depreciation +€2,235
up €2,235 (+17.0%), from €13,177 to €15,412
- Financial charges -€2,090
down €2,090 (-43.9%), from €4,756 to €2,666
- Financial income -€1,997
no longer reported in 2025 (was €1,997)
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 | €243,670 | €162,601 | -€81,069 | -33.3% |
| Fixed assets | 21/28 | €51,509 | €45,643 | -€5,866 | -11.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €51,278 | €45,413 | -€5,866 | -11.4% |
| Plant, machinery and equipment | 23 | €3,690 | €2,908 | -€783 | -21.2% |
| Furniture and vehicles | 24 | €47,588 | €37,173 | -€10,415 | -21.9% |
| Other tangible fixed assets | 26 | €0 | €5,332 | +€5,332 | |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €192,161 | €116,958 | -€75,203 | -39.1% |
| Stocks and contracts in progress | 3 | €16,258 | €19,582 | +€3,324 | +20.4% |
| Stocks | 30/36 | €16,258 | €19,582 | +€3,324 | +20.4% |
| Amounts receivable within one year | 40/41 | €131,651 | €76,523 | -€55,128 | -41.9% |
| Trade receivables | 40 | €129,225 | €76,378 | -€52,847 | -40.9% |
| Other amounts receivable | 41 | €2,426 | €145 | -€2,281 | -94.0% |
| Cash at bank and in hand | 54/58 | €38,899 | €15,847 | -€23,052 | -59.3% |
| Deferred charges and accrued income | 490/1 | €5,353 | €5,006 | -€347 | -6.5% |
| Total equity and liabilities | 10/49 | €243,670 | €162,601 | -€81,069 | -33.3% |
| Equity | 10/15 | €88,971 | €61,033 | -€27,938 | -31.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,961 | €28,023 | -€27,938 | -49.9% |
| Amounts payable | 17/49 | €154,699 | €101,568 | -€53,131 | -34.3% |
| Amounts payable after more than one year | 17 | €10,345 | €3,895 | -€6,449 | -62.3% |
| Financial debts | 170/4 | €10,345 | €3,895 | -€6,449 | -62.3% |
| Amounts payable within one year | 42/48 | €144,354 | €97,673 | -€46,681 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €6,173 | €6,449 | +€277 | +4.5% |
| Trade debts | 44 | €131,685 | €47,670 | -€84,015 | -63.8% |
| Suppliers | 440/4 | €131,685 | €47,670 | -€84,015 | -63.8% |
| Taxes, remuneration and social security | 45 | €5,897 | €10,572 | +€4,675 | +79.3% |
| Taxes | 450/3 | €1,236 | €1,344 | +€108 | +8.8% |
| Remuneration and social security | 454/9 | €4,661 | €9,228 | +€4,566 | +98.0% |
| Other amounts payable | 47/48 | €600 | €32,982 | +€32,382 | +5397.0% |
| Remuneration, social security and pensions | 62 | €147,538 | €149,249 | +€1,711 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,177 | €15,412 | +€2,235 | +17.0% |
| Other operating charges | 640/8 | €13,666 | €18,003 | +€4,337 | +31.7% |
| Gross operating margin | 9900 | €180,820 | €157,681 | -€23,139 | -12.8% |
| Operating profit (loss) | 9901 | €6,439 | -€24,983 | -€31,422 | |
| Financial income | 75/76B | €1,997 | - | -€1,997 | |
| Recurring financial income | 75 | €1,997 | - | -€1,997 | |
| Financial charges | 65/66B | €4,756 | €2,666 | -€2,090 | -43.9% |
| Recurring financial charges | 65 | €4,756 | €2,666 | -€2,090 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €3,680 | -€27,648 | -€31,328 | |
| Income taxes | 67/77 | €273 | €290 | +€17 | +6.2% |
| Profit (loss) for the period | 9904 | €3,407 | -€27,938 | -€31,345 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,407 | -€27,938 | -€31,345 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.