SANIFIRST DEVELOPMENT: 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.
SANIFIRST DEVELOPMENT
Largest movements
- Tangible fixed assets -€1,864
down €1,864 (-18.5%), from €10,092 to €8,227
of which Plant, machinery and equipment: -€1,246
- Receivables within one year -€1,403
down €1,403 (-14.1%), from €9,949 to €8,546
of which Other amounts receivable: -€976
- Cash +€1,274
up €1,274 (+161%), from €792 to €2,066
mainly Tax, wage and social debts (+€11,738) and Trade debts (+€8,454)
- Deferred charges and accrued income -€616
down €616 (-15.6%), from €3,943 to €3,327
- Profit (loss) carried forward -€21,657
down €21,657 (-48.3%), from -€44,838 to -€66,495
- Tax, wage and social debts +€11,738
up €11,738 (+171%), from €6,845 to €18,584
of which Remuneration and social security: +€9,185
- Trade debts +€8,454
up €8,454 (+110%), from €7,663 to €16,117
- Other debts +€6,995
up €6,995 (+31.9%), from €21,922 to €28,916
- Current portion of long-term debt -€4,087
down €4,087 (-50.2%), from €8,142 to €4,055
- Gross operating margin +€33,748
up €33,748 (+45.0%), from €74,922 to €108,671
- Staff costs +€9,052
up €9,052 (+7.9%), from €114,395 to €123,448
- Depreciation -€4,977
down €4,977 (-59.3%), from €8,396 to €3,420
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,576 | €23,967 | -€2,609 | -9.8% |
| Fixed assets | 21/28 | €11,892 | €10,027 | -€1,864 | -15.7% |
| Tangible fixed assets | 22/27 | €10,092 | €8,227 | -€1,864 | -18.5% |
| Land and buildings | 22 | €3,176 | €2,726 | -€450 | -14.2% |
| Plant, machinery and equipment | 23 | €2,249 | €1,002 | -€1,246 | -55.4% |
| Furniture and vehicles | 24 | €4,667 | €4,499 | -€168 | -3.6% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €14,685 | €13,939 | -€745 | -5.1% |
| Amounts receivable within one year | 40/41 | €9,949 | €8,546 | -€1,403 | -14.1% |
| Trade receivables | 40 | €7,054 | €6,626 | -€427 | -6.1% |
| Other amounts receivable | 41 | €2,895 | €1,920 | -€976 | -33.7% |
| Cash at bank and in hand | 54/58 | €792 | €2,066 | +€1,274 | +161% |
| Deferred charges and accrued income | 490/1 | €3,943 | €3,327 | -€616 | -15.6% |
| Total equity and liabilities | 10/49 | €26,576 | €23,967 | -€2,609 | -9.8% |
| Equity | 10/15 | -€24,378 | -€46,035 | -€21,657 | -88.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,838 | -€66,495 | -€21,657 | -48.3% |
| Amounts payable | 17/49 | €50,954 | €70,002 | +€19,048 | +37.4% |
| Amounts payable after more than one year | 17 | €6,283 | €2,228 | -€4,055 | -64.5% |
| Financial debts | 170/4 | €6,283 | €2,228 | -€4,055 | -64.5% |
| Amounts payable within one year | 42/48 | €44,572 | €67,672 | +€23,100 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €8,142 | €4,055 | -€4,087 | -50.2% |
| Trade debts | 44 | €7,663 | €16,117 | +€8,454 | +110% |
| Suppliers | 440/4 | €7,663 | €16,117 | +€8,454 | +110% |
| Taxes, remuneration and social security | 45 | €6,845 | €18,584 | +€11,738 | +171% |
| Taxes | 450/3 | €450 | €3,004 | +€2,554 | +567% |
| Remuneration and social security | 454/9 | €6,395 | €15,580 | +€9,185 | +144% |
| Other amounts payable | 47/48 | €21,922 | €28,916 | +€6,995 | +31.9% |
| Accrued charges and deferred income | 492/3 | €100 | €102 | +€2 | +2.4% |
| Remuneration, social security and pensions | 62 | €114,395 | €123,448 | +€9,052 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,396 | €3,420 | -€4,977 | -59.3% |
| Other operating charges | 640/8 | €1,076 | €1,058 | -€18 | -1.6% |
| Gross operating margin | 9900 | €74,922 | €108,671 | +€33,748 | +45.0% |
| Operating profit (loss) | 9901 | -€48,945 | -€19,254 | +€29,691 | +60.7% |
| Financial income | 75/76B | €147 | €38 | -€109 | -74.3% |
| Recurring financial income | 75 | €147 | €38 | -€109 | -74.3% |
| Financial charges | 65/66B | €3,208 | €2,529 | -€679 | -21.2% |
| Recurring financial charges | 65 | €3,208 | €2,529 | -€679 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,006 | -€21,746 | +€30,261 | +58.2% |
| Income taxes | 67/77 | €526 | -€88 | -€614 | |
| Profit (loss) for the period | 9904 | -€52,532 | -€21,657 | +€30,875 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,532 | -€21,657 | +€30,875 | +58.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.