SANIGO: 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.
SANIGO
Largest movements
- Tangible fixed assets +€40,407
up €40,407 (+86.8%), from €46,543 to €86,950
of which Furniture and vehicles: +€47,956
- Stocks and contracts -€35,173
down €35,173 (-44.3%), from €79,480 to €44,307
of which Contracts in progress: -€28,481
- Cash +€17,289
up €17,289 (+111%), from €15,526 to €32,815
mainly Stocks and contracts (+€35,173) and Depreciation (+€30,853)
- Receivables within one year +€16,285
up €16,285 (+60.0%), from €27,162 to €43,447
of which Other amounts receivable: +€26,689
- Deferred charges and accrued income -€7,622
down €7,622 (-71.1%), from €10,721 to €3,099
- Other debts +€28,000
new in 2025: €28,000
- Reserves -€18,947
down €18,947 (-25.1%), from €75,550 to €56,603
of which Distributable reserves: -€18,947
- Debts after one year +€18,246
up €18,246 (+94.2%), from €19,369 to €37,615
- Current portion of long-term debt +€9,609
up €9,609 (+72.5%), from €13,262 to €22,871
- Tax, wage and social debts -€8,851
down €8,851 (-87.0%), from €10,173 to €1,322
- Gross operating margin +€8,335
up €8,335 (+7.5%), from €110,529 to €118,863
- Depreciation +€5,056
up €5,056 (+19.6%), from €25,796 to €30,853
- Financial charges +€2,696
up €2,696 (+51.5%), from €5,239 to €7,935
of which Non-recurring financial charges: +€4,209
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 | €179,432 | €210,619 | +€31,186 | +17.4% |
| Fixed assets | 21/28 | €46,543 | €86,950 | +€40,407 | +86.8% |
| Tangible fixed assets | 22/27 | €46,543 | €86,950 | +€40,407 | +86.8% |
| Land and buildings | 22 | €3,307 | - | -€3,307 | |
| Plant, machinery and equipment | 23 | €6,338 | €2,097 | -€4,242 | -66.9% |
| Furniture and vehicles | 24 | €36,898 | €84,854 | +€47,956 | +130% |
| Current assets | 29/58 | €132,889 | €123,668 | -€9,221 | -6.9% |
| Stocks and contracts in progress | 3 | €79,480 | €44,307 | -€35,173 | -44.3% |
| Stocks | 30/36 | €50,999 | €44,307 | -€6,692 | -13.1% |
| Contracts in progress | 37 | €28,481 | - | -€28,481 | |
| Amounts receivable within one year | 40/41 | €27,162 | €43,447 | +€16,285 | +60.0% |
| Trade receivables | 40 | €26,500 | €16,096 | -€10,403 | -39.3% |
| Other amounts receivable | 41 | €662 | €27,351 | +€26,689 | +4,029% |
| Cash at bank and in hand | 54/58 | €15,526 | €32,815 | +€17,289 | +111% |
| Deferred charges and accrued income | 490/1 | €10,721 | €3,099 | -€7,622 | -71.1% |
| Total equity and liabilities | 10/49 | €179,432 | €210,619 | +€31,186 | +17.4% |
| Equity | 10/15 | €94,150 | €75,203 | -€18,947 | -20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,550 | €56,603 | -€18,947 | -25.1% |
| Tax-exempt reserves | 132 | €21,810 | €21,810 | = | 0.0% |
| Distributable reserves | 133 | €53,740 | €34,793 | -€18,947 | -35.3% |
| Amounts payable | 17/49 | €85,282 | €135,416 | +€50,134 | +58.8% |
| Amounts payable after more than one year | 17 | €19,369 | €37,615 | +€18,246 | +94.2% |
| Financial debts | 170/4 | €19,369 | €37,615 | +€18,246 | +94.2% |
| Amounts payable within one year | 42/48 | €65,913 | €97,801 | +€31,888 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €13,262 | €22,871 | +€9,609 | +72.5% |
| Trade debts | 44 | €42,477 | €45,608 | +€3,130 | +7.4% |
| Suppliers | 440/4 | €42,477 | €45,608 | +€3,130 | +7.4% |
| Taxes, remuneration and social security | 45 | €10,173 | €1,322 | -€8,851 | -87.0% |
| Taxes | 450/3 | €10,173 | €1,322 | -€8,851 | -87.0% |
| Other amounts payable | 47/48 | - | €28,000 | +€28,000 | |
| Remuneration, social security and pensions | 62 | €66,012 | €65,045 | -€966 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,796 | €30,853 | +€5,056 | +19.6% |
| Other operating charges | 640/8 | €1,493 | €1,205 | -€288 | -19.3% |
| Gross operating margin | 9900 | €110,529 | €118,863 | +€8,335 | +7.5% |
| Operating profit (loss) | 9901 | €17,228 | €21,761 | +€4,533 | +26.3% |
| Financial income | 75/76B | - | €562 | +€562 | |
| Recurring financial income | 75 | - | €562 | +€562 | |
| Financial charges | 65/66B | €5,239 | €7,935 | +€2,696 | +51.5% |
| Recurring financial charges | 65 | €5,239 | €3,726 | -€1,513 | -28.9% |
| Non-recurring financial charges | 66B | - | €4,209 | +€4,209 | |
| Profit (loss) for the period before taxes | 9903 | €11,989 | €14,388 | +€2,399 | +20.0% |
| Income taxes | 67/77 | €4,558 | €5,336 | +€778 | +17.1% |
| Profit (loss) for the period | 9904 | €7,431 | €9,053 | +€1,621 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,431 | €9,053 | +€1,621 | +21.8% |
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 15 October 2026 via checked.be.