SANIFLO: 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.
SANIFLO
Largest movements
- Cash +€145,175
up €145,175 (+58.7%), from €247,523 to €392,698
mainly Net result for the year (+€158,481) and Other debts (+€61,170)
- Stocks and contracts -€35,246
down €35,246 (-69.3%), from €50,877 to €15,631
- Tangible fixed assets +€17,593
up €17,593 (+10.1%), from €174,496 to €192,090
of which Other tangible fixed assets: +€31,666
- Receivables within one year +€12,235
up €12,235 (+20.3%), from €60,218 to €72,453
of which Other amounts receivable: +€18,728
- Profit (loss) carried forward +€117,572
up €117,572 (+46.0%), from €255,538 to €373,110
- Other debts +€61,170
up €61,170 (+2,764%), from €2,213 to €63,383
- Tax, wage and social debts +€41,600
up €41,600 (+128%), from €32,455 to €74,054
of which Taxes: +€42,767
- Advances received -€28,902
no longer reported in 2025 (was €28,902)
- Reserves -€24,012
down €24,012 (-21.3%), from €112,757 to €88,745
of which Distributable reserves: -€24,012
- Gross operating margin +€154,656
up €154,656 (+97.0%), from €159,361 to €314,017
- Taxes +€35,561
up €35,561 (+188%), from €18,905 to €54,466
- Depreciation +€6,185
up €6,185 (+15.1%), from €40,912 to €47,097
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 | €533,194 | €672,951 | +€139,757 | +26.2% |
| Fixed assets | 21/28 | €174,576 | €192,169 | +€17,593 | +10.1% |
| Tangible fixed assets | 22/27 | €174,496 | €192,090 | +€17,593 | +10.1% |
| Plant, machinery and equipment | 23 | €8,972 | €21,584 | +€12,612 | +141% |
| Furniture and vehicles | 24 | €82,588 | €55,904 | -€26,685 | -32.3% |
| Other tangible fixed assets | 26 | €82,936 | €114,602 | +€31,666 | +38.2% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €358,618 | €480,781 | +€122,163 | +34.1% |
| Stocks and contracts in progress | 3 | €50,877 | €15,631 | -€35,246 | -69.3% |
| Stocks | 30/36 | €50,877 | €15,631 | -€35,246 | -69.3% |
| Amounts receivable within one year | 40/41 | €60,218 | €72,453 | +€12,235 | +20.3% |
| Trade receivables | 40 | €14,793 | €8,300 | -€6,493 | -43.9% |
| Other amounts receivable | 41 | €45,425 | €64,153 | +€18,728 | +41.2% |
| Cash at bank and in hand | 54/58 | €247,523 | €392,698 | +€145,175 | +58.7% |
| Total equity and liabilities | 10/49 | €533,194 | €672,951 | +€139,757 | +26.2% |
| Equity | 10/15 | €395,595 | €489,155 | +€93,560 | +23.7% |
| Contributions | 10/11 | €27,300 | €27,300 | = | 0.0% |
| Reserves | 13 | €112,757 | €88,745 | -€24,012 | -21.3% |
| Non-distributable reserves | 130/1 | €2,381 | €2,381 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,381 | €2,381 | = | 0.0% |
| Distributable reserves | 133 | €110,375 | €86,364 | -€24,012 | -21.8% |
| Profit (loss) carried forward | 14 | €255,538 | €373,110 | +€117,572 | +46.0% |
| Amounts payable | 17/49 | €137,599 | €183,796 | +€46,197 | +33.6% |
| Amounts payable after more than one year | 17 | €40,082 | €23,724 | -€16,358 | -40.8% |
| Financial debts | 170/4 | €40,082 | €23,724 | -€16,358 | -40.8% |
| Amounts payable within one year | 42/48 | €97,517 | €160,072 | +€62,554 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €15,742 | €16,358 | +€616 | +3.9% |
| Trade debts | 44 | €18,205 | €6,276 | -€11,929 | -65.5% |
| Suppliers | 440/4 | €18,205 | €6,276 | -€11,929 | -65.5% |
| Advances received on contracts in progress | 46 | €28,902 | - | -€28,902 | |
| Taxes, remuneration and social security | 45 | €32,455 | €74,054 | +€41,600 | +128% |
| Taxes | 450/3 | €29,623 | €72,390 | +€42,767 | +144% |
| Remuneration and social security | 454/9 | €2,832 | €1,665 | -€1,167 | -41.2% |
| Other amounts payable | 47/48 | €2,213 | €63,383 | +€61,170 | +2,764% |
| Non-recurring operating income | 76A | - | €4,907 | +€4,907 | |
| Remuneration, social security and pensions | 62 | €61,820 | €60,055 | -€1,765 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,912 | €47,097 | +€6,185 | +15.1% |
| Other operating charges | 640/8 | €718 | €2,785 | +€2,067 | +288% |
| Gross operating margin | 9900 | €159,361 | €314,017 | +€154,656 | +97.0% |
| Operating profit (loss) | 9901 | €55,911 | €204,080 | +€148,169 | +265% |
| Financial income | 75/76B | €11,815 | €11,126 | -€689 | -5.8% |
| Recurring financial income | 75 | €11,815 | €11,126 | -€689 | -5.8% |
| Financial charges | 65/66B | €3,733 | €2,259 | -€1,474 | -39.5% |
| Recurring financial charges | 65 | €3,733 | €2,259 | -€1,474 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €63,992 | €212,947 | +€148,955 | +233% |
| Income taxes | 67/77 | €18,905 | €54,466 | +€35,561 | +188% |
| Profit (loss) for the period | 9904 | €45,087 | €158,481 | +€113,394 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €45,087 | €158,481 | +€113,394 | +252% |
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.