SANIGEST: 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.
SANIGEST
Largest movements
- Cash -€31,379
down €31,379 (-77.9%), from €40,270 to €8,891
mainly Other debts (-€92,758) and Debts after one year (-€45,499)
- Tangible fixed assets -€28,393
down €28,393 (-2.0%), from €1.4m to €1.4m
of which Land and buildings: -€43,654
- Other debts -€92,758
down €92,758 (-75.3%), from €123,254 to €30,496
- Profit (loss) carried forward +€83,915
up €83,915 (+27.6%), from €303,525 to €387,440
- Debts after one year -€45,499
down €45,499 (-5.9%), from €775,073 to €729,575
of which Financial debts: -€45,499
- Tax, wage and social debts -€19,382
down €19,382 (-74.5%), from €26,020 to €6,638
- Write-downs -€19,629
down €19,629, from €19,229 to -€400
- Gross operating margin +€9,113
up €9,113 (+4.5%), from €201,861 to €210,974
- Taxes +€5,148
up €5,148 (+22.5%), from €22,853 to €28,001
- Depreciation +€3,898
up €3,898 (+7.5%), from €51,989 to €55,886
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 | €1,532,775 | €1,469,782 | -€62,993 | -4.1% |
| Fixed assets | 21/28 | €1,446,862 | €1,418,469 | -€28,393 | -2.0% |
| Tangible fixed assets | 22/27 | €1,446,862 | €1,418,469 | -€28,393 | -2.0% |
| Land and buildings | 22 | €1,443,464 | €1,399,809 | -€43,654 | -3.0% |
| Furniture and vehicles | 24 | €3,399 | €18,660 | +€15,261 | +449% |
| Current assets | 29/58 | €85,913 | €51,313 | -€34,600 | -40.3% |
| Amounts receivable within one year | 40/41 | €45,642 | €36,987 | -€8,655 | -19.0% |
| Trade receivables | 40 | €22,168 | €16,223 | -€5,945 | -26.8% |
| Other amounts receivable | 41 | €23,474 | €20,764 | -€2,710 | -11.5% |
| Cash at bank and in hand | 54/58 | €40,270 | €8,891 | -€31,379 | -77.9% |
| Deferred charges and accrued income | 490/1 | €0 | €5,434 | +€5,434 | |
| Total equity and liabilities | 10/49 | €1,532,775 | €1,469,782 | -€62,993 | -4.1% |
| Equity | 10/15 | €545,091 | €629,005 | +€83,915 | +15.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €166,566 | €166,566 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €146,566 | €146,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,525 | €387,440 | +€83,915 | +27.6% |
| Amounts payable | 17/49 | €987,685 | €840,777 | -€146,908 | -14.9% |
| Amounts payable after more than one year | 17 | €775,073 | €729,575 | -€45,499 | -5.9% |
| Financial debts | 170/4 | €764,624 | €719,126 | -€45,499 | -6.0% |
| Other amounts payable | 178/9 | €10,449 | €10,449 | = | 0.0% |
| Amounts payable within one year | 42/48 | €212,611 | €107,192 | -€105,419 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €45,105 | €45,499 | +€394 | +0.9% |
| Trade debts | 44 | €18,232 | €24,559 | +€6,327 | +34.7% |
| Suppliers | 440/4 | €18,232 | €24,559 | +€6,327 | +34.7% |
| Taxes, remuneration and social security | 45 | €26,020 | €6,638 | -€19,382 | -74.5% |
| Taxes | 450/3 | €26,020 | €6,638 | -€19,382 | -74.5% |
| Other amounts payable | 47/48 | €123,254 | €30,496 | -€92,758 | -75.3% |
| Accrued charges and deferred income | 492/3 | - | €4,010 | +€4,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,989 | €55,886 | +€3,898 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,229 | -€400 | -€19,629 | |
| Other operating charges | 640/8 | €37,754 | €38,989 | +€1,235 | +3.3% |
| Gross operating margin | 9900 | €201,861 | €210,974 | +€9,113 | +4.5% |
| Operating profit (loss) | 9901 | €92,890 | €116,499 | +€23,609 | +25.4% |
| Financial income | 75/76B | €160 | €291 | +€130 | +81.3% |
| Recurring financial income | 75 | €160 | €291 | +€130 | +81.3% |
| Financial charges | 65/66B | €5,355 | €4,874 | -€481 | -9.0% |
| Recurring financial charges | 65 | €5,355 | €4,874 | -€481 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €87,695 | €111,916 | +€24,220 | +27.6% |
| Income taxes | 67/77 | €22,853 | €28,001 | +€5,148 | +22.5% |
| Profit (loss) for the period | 9904 | €64,842 | €83,915 | +€19,072 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,842 | €83,915 | +€19,072 | +29.4% |
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 14 October 2026 via checked.be.