SANIK: 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.
What changed
SANIK
NACE 46.831, Wholesale of construction materials, general range
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,177
2024 · €14,175-€7,998
Equity
€1.7m
2024 · €1.7m+€6,177
Cash
€346,438
2024 · €150,083+€196,355
Balance sheet total
€3.2m
2024 · €3.1m+€156,185
Largest movements
Assets
- Receivables within one year -€294,646
down €294,646 (-25.2%), from €1.2m to €875,854
- Stocks and contracts +€285,275
up €285,275 (+18.8%), from €1.5m to €1.8m
- Cash +€196,355
up €196,355 (+130.8%), from €150,083 to €346,438
mainly Receivables within one year (+€294,646) and Trade debts (+€110,520)
Equity and liabilities
- Trade debts +€110,520
up €110,520 (+48.3%), from €228,813 to €339,333
- Tax, wage and social debts +€59,158
up €59,158 (+32.0%), from €184,733 to €243,891
of which Remuneration and social security: +€77,819
Income statement
- Write-downs +€90,218
up €90,218, from -€373 to €89,844
- Gross operating margin +€69,556
up €69,556 (+5.2%), from €1.3m to €1.4m
- Financial income -€21,007
down €21,007 (-18.5%), from €113,658 to €92,652
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.
Result 2024
€14,175
Gross operating margin
+€69,556
Staff costs
+€7,852
Depreciation
-€490
Write-downs
-€90,218
Other operating charges
+€717
Other operating items
+€21,270
Financial income
-€21,007
Financial charges
+€4,059
Taxes
+€263
Result 2025
€6,177
Cash bridge derived
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.
From operations
+€225,279
Investment
-€17,551
Financing
-€11,373
Cash 2024
€150,083
From operations (derived)
+€225,279
Net result for the year
+€6,177
Depreciation
+€43,881
Stocks and contracts
-€285,275
Receivables within one year
+€294,646
Deferred charges and accrued income
+€4,470
Trade debts
+€110,520
Tax, wage and social debts
+€59,158
Other debts
-€5,179
Accrued charges and deferred income
-€3,119
Investment (derived)
-€17,551
Investment in fixed assets (net)
-€17,551
Financing
-€11,373
Debts after one year
-€11,373
Cash 2025
€346,438
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,081,240 | €3,237,425 | +€156,185 | +5.1% |
| Fixed assets | 21/28 | €220,649 | €194,318 | -€26,330 | -11.9% |
| Intangible fixed assets | 21 | €4,799 | €1,630 | -€3,169 | -66.0% |
| Tangible fixed assets | 22/27 | €213,419 | €189,084 | -€24,335 | -11.4% |
| Plant, machinery and equipment | 23 | €67,355 | €61,274 | -€6,081 | -9.0% |
| Furniture and vehicles | 24 | €3,642 | €6,197 | +€2,555 | +70.2% |
| Leasing and similar rights | 25 | €31,960 | €20,623 | -€11,337 | -35.5% |
| Other tangible fixed assets | 26 | €110,462 | €100,989 | -€9,473 | -8.6% |
| Financial fixed assets | 28 | €2,431 | €3,605 | +€1,174 | +48.3% |
| Current assets | 29/58 | €2,860,592 | €3,043,106 | +€182,515 | +6.4% |
| Stocks and contracts in progress | 3 | €1,514,950 | €1,800,226 | +€285,275 | +18.8% |
| Stocks | 30/36 | €1,514,950 | €1,800,226 | +€285,275 | +18.8% |
| Amounts receivable within one year | 40/41 | €1,170,499 | €875,854 | -€294,646 | -25.2% |
| Trade receivables | 40 | €1,170,499 | €875,854 | -€294,646 | -25.2% |
| Cash at bank and in hand | 54/58 | €150,083 | €346,438 | +€196,355 | +130.8% |
| Deferred charges and accrued income | 490/1 | €25,059 | €20,589 | -€4,470 | -17.8% |
| Total equity and liabilities | 10/49 | €3,081,240 | €3,237,425 | +€156,185 | +5.1% |
| Equity | 10/15 | €1,705,187 | €1,711,364 | +€6,177 | +0.4% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €1,155,187 | €1,161,364 | +€6,177 | +0.5% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €1,100,187 | €1,106,364 | +€6,177 | +0.6% |
| Amounts payable | 17/49 | €1,376,053 | €1,526,060 | +€150,007 | +10.9% |
| Amounts payable after more than one year | 17 | €707,929 | €696,556 | -€11,373 | -1.6% |
| Financial debts | 170/4 | €32,929 | €21,556 | -€11,373 | -34.5% |
| Other amounts payable | 178/9 | €675,000 | €675,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €633,780 | €798,279 | +€164,499 | +26.0% |
| Trade debts | 44 | €228,813 | €339,333 | +€110,520 | +48.3% |
| Suppliers | 440/4 | €228,813 | €339,333 | +€110,520 | +48.3% |
| Taxes, remuneration and social security | 45 | €184,733 | €243,891 | +€59,158 | +32.0% |
| Taxes | 450/3 | €51,833 | €33,172 | -€18,660 | -36.0% |
| Remuneration and social security | 454/9 | €132,900 | €210,719 | +€77,819 | +58.6% |
| Other amounts payable | 47/48 | €220,234 | €215,056 | -€5,179 | -2.4% |
| Accrued charges and deferred income | 492/3 | €34,344 | €31,225 | -€3,119 | -9.1% |
| Non-recurring operating income | 76A | - | €5,996 | +€5,996 | |
| Remuneration, social security and pensions | 62 | €1,277,423 | €1,269,571 | -€7,852 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,390 | €43,881 | +€490 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€373 | €89,844 | +€90,218 | |
| Other operating charges | 640/8 | €8,083 | €7,366 | -€717 | -8.9% |
| Non-recurring operating charges | 66A | €28,845 | €7,576 | -€21,270 | -73.7% |
| Gross operating margin | 9900 | €1,325,182 | €1,394,737 | +€69,556 | +5.2% |
| Operating profit (loss) | 9901 | -€32,187 | -€23,500 | +€8,687 | +27.0% |
| Financial income | 75/76B | €113,658 | €92,652 | -€21,007 | -18.5% |
| Recurring financial income | 75 | €113,658 | €92,652 | -€21,007 | -18.5% |
| Financial charges | 65/66B | €60,234 | €56,175 | -€4,059 | -6.7% |
| Recurring financial charges | 65 | €60,234 | €56,175 | -€4,059 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €21,237 | €12,977 | -€8,261 | -38.9% |
| Income taxes | 67/77 | €7,062 | €6,799 | -€263 | -3.7% |
| Profit (loss) for the period | 9904 | €14,175 | €6,177 | -€7,998 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,175 | €6,177 | -€7,998 | -56.4% |
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 10 October 2026 via checked.be.