SANIHEAT: 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.
SANIHEAT
Largest movements
- Tangible fixed assets -€43,776
down €43,776 (-98.0%), from €44,668 to €892
of which Leasing and similar rights: -€40,161
- Cash +€22,001
up €22,001 (+423%), from €5,204 to €27,205
mainly Investment in fixed assets (net) (+€42,535) and Net result for the year (+€21,766)
- Stocks and contracts +€1,757
up €1,757 (+21.5%), from €8,175 to €9,932
- Debts after one year -€32,383
no longer reported in 2025 (was €32,383)
- Trade debts +€13,995
up €13,995 (+258%), from €5,427 to €19,422
- Current portion of long-term debt -€7,645
no longer reported in 2025 (was €7,645)
- Reserves +€3,620
up €3,620 (+5.0%), from €72,615 to €76,235
of which Distributable reserves: +€5,480
- Tax, wage and social debts +€2,923
up €2,923 (+175%), from €1,674 to €4,598
- Gross operating margin +€18,996
up €18,996 (+89.4%), from €21,237 to €40,233
- Taxes +€4,137
up €4,137 (+90.9%), from €4,554 to €8,691
- Depreciation -€3,945
down €3,945 (-76.1%), from €5,186 to €1,241
- Financial charges +€2,671
up €2,671 (+152%), from €1,761 to €4,432
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 | €136,177 | €115,676 | -€20,500 | -15.1% |
| Fixed assets | 21/28 | €44,668 | €892 | -€43,776 | -98.0% |
| Tangible fixed assets | 22/27 | €44,668 | €892 | -€43,776 | -98.0% |
| Plant, machinery and equipment | 23 | €1,559 | €685 | -€874 | -56.1% |
| Furniture and vehicles | 24 | €2,948 | €207 | -€2,741 | -93.0% |
| Leasing and similar rights | 25 | €40,161 | - | -€40,161 | |
| Current assets | 29/58 | €91,509 | €114,785 | +€23,276 | +25.4% |
| Amounts receivable after more than one year | 29 | €36,784 | €37,941 | +€1,157 | +3.1% |
| Other amounts receivable | 291 | €36,784 | €37,941 | +€1,157 | +3.1% |
| Stocks and contracts in progress | 3 | €8,175 | €9,932 | +€1,757 | +21.5% |
| Stocks | 30/36 | €8,175 | €9,932 | +€1,757 | +21.5% |
| Amounts receivable within one year | 40/41 | €38,371 | €37,411 | -€960 | -2.5% |
| Trade receivables | 40 | €16,064 | €24,616 | +€8,552 | +53.2% |
| Other amounts receivable | 41 | €22,307 | €12,796 | -€9,511 | -42.6% |
| Cash at bank and in hand | 54/58 | €5,204 | €27,205 | +€22,001 | +423% |
| Deferred charges and accrued income | 490/1 | €2,976 | €2,296 | -€680 | -22.8% |
| Total equity and liabilities | 10/49 | €136,177 | €115,676 | -€20,500 | -15.1% |
| Equity | 10/15 | €85,015 | €88,635 | +€3,620 | +4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €72,615 | €76,235 | +€3,620 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €70,755 | €76,235 | +€5,480 | +7.7% |
| Amounts payable | 17/49 | €51,162 | €27,041 | -€24,121 | -47.1% |
| Amounts payable after more than one year | 17 | €32,383 | - | -€32,383 | |
| Financial debts | 170/4 | €32,383 | - | -€32,383 | |
| Amounts payable within one year | 42/48 | €18,779 | €27,041 | +€8,262 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €7,645 | - | -€7,645 | |
| Financial debts | 43 | €4,033 | €3,022 | -€1,011 | -25.1% |
| Credit institutions | 430/8 | €4,033 | €3,022 | -€1,011 | -25.1% |
| Trade debts | 44 | €5,427 | €19,422 | +€13,995 | +258% |
| Suppliers | 440/4 | €5,427 | €19,422 | +€13,995 | +258% |
| Taxes, remuneration and social security | 45 | €1,674 | €4,598 | +€2,923 | +175% |
| Taxes | 450/3 | €1,674 | €4,598 | +€2,923 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,186 | €1,241 | -€3,945 | -76.1% |
| Other operating charges | 640/8 | €873 | €1,136 | +€262 | +30.1% |
| Non-recurring operating charges | 66A | - | €5,208 | +€5,208 | |
| Gross operating margin | 9900 | €21,237 | €40,233 | +€18,996 | +89.4% |
| Operating profit (loss) | 9901 | €15,178 | €32,648 | +€17,470 | +115% |
| Financial income | 75/76B | €2,160 | €2,242 | +€82 | +3.8% |
| Recurring financial income | 75 | €2,160 | €2,242 | +€82 | +3.8% |
| Financial charges | 65/66B | €1,761 | €4,432 | +€2,671 | +152% |
| Recurring financial charges | 65 | €1,761 | €4,432 | +€2,671 | +152% |
| Profit (loss) for the period before taxes | 9903 | €15,577 | €30,457 | +€14,881 | +95.5% |
| Income taxes | 67/77 | €4,554 | €8,691 | +€4,137 | +90.9% |
| Profit (loss) for the period | 9904 | €11,023 | €21,766 | +€10,743 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,023 | €21,766 | +€10,743 | +97.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.