SANIKA: 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
SANIKA
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,964
2024 · -€20,530+€26,493
Equity
€111,505
2024 · €105,541+€5,964
Cash
€99
2024 · €35+€64
Balance sheet total
€624,868
2024 · €589,129+€35,739
Largest movements
Assets
- Receivables within one year +€20,244
up €20,244 (+28.6%), from €70,823 to €91,067
of which Trade receivables: +€15,839
- Stocks and contracts +€14,006
up €14,006 (+17.6%), from €79,782 to €93,788
of which Contracts in progress: +€7,285
Equity and liabilities
- Debts after one year +€22,840
up €22,840 (+6.3%), from €362,594 to €385,433
- Other debts +€7,784
up €7,784 (+40.9%), from €19,049 to €26,832
- Current portion of long-term debt -€6,737
down €6,737 (-23.1%), from €29,135 to €22,398
Income statement
- Gross operating margin +€29,853
up €29,853 (+59.5%), from €50,182 to €80,036
- Staff costs +€5,989
new in 2025: €5,989
- Depreciation -€2,547
down €2,547 (-4.4%), from €58,323 to €55,776
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
-€20,530
Gross operating margin
+€29,853
Staff costs
-€5,989
Depreciation
+€2,547
Other operating charges
+€34
Other operating items
+€500
Financial income
+€140
Financial charges
+€5
Taxes
-€596
Result 2025
€5,964
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€47,147
Investment
-€59,489
Financing
+€12,405
Cash 2024
€35
From operations (derived)
+€47,147
Net result for the year
+€5,964
Depreciation
+€55,776
Stocks and contracts
-€14,006
Receivables within one year
-€20,244
Deferred charges and accrued income
+€2,288
Trade debts
+€6,171
Tax, wage and social debts
+€442
Other debts
+€7,784
Accrued charges and deferred income
+€2,974
Investment (derived)
-€59,489
Investment in fixed assets (net)
-€59,489
Financing
+€12,405
Debts after one year
+€22,840
Current portion of long-term debt
-€6,737
Short-term financial debts
-€3,697
Cash 2025
€99
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,129 | €624,868 | +€35,739 | +6.1% |
| Fixed assets | 21/28 | €432,371 | €436,084 | +€3,713 | +0.9% |
| Intangible fixed assets | 21 | €5,501 | €3,801 | -€1,700 | -30.9% |
| Tangible fixed assets | 22/27 | €426,401 | €431,814 | +€5,413 | +1.3% |
| Land and buildings | 22 | €332,301 | €343,772 | +€11,471 | +3.5% |
| Plant, machinery and equipment | 23 | €4,278 | €16,174 | +€11,895 | +278% |
| Furniture and vehicles | 24 | €9,027 | €6,803 | -€2,224 | -24.6% |
| Leasing and similar rights | 25 | €80,795 | €65,066 | -€15,729 | -19.5% |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €156,758 | €188,784 | +€32,026 | +20.4% |
| Stocks and contracts in progress | 3 | €79,782 | €93,788 | +€14,006 | +17.6% |
| Stocks | 30/36 | €24,122 | €30,843 | +€6,721 | +27.9% |
| Contracts in progress | 37 | €55,660 | €62,945 | +€7,285 | +13.1% |
| Amounts receivable within one year | 40/41 | €70,823 | €91,067 | +€20,244 | +28.6% |
| Trade receivables | 40 | €64,288 | €80,126 | +€15,839 | +24.6% |
| Other amounts receivable | 41 | €6,535 | €10,941 | +€4,405 | +67.4% |
| Cash at bank and in hand | 54/58 | €35 | €99 | +€64 | +183% |
| Deferred charges and accrued income | 490/1 | €6,118 | €3,830 | -€2,288 | -37.4% |
| Total equity and liabilities | 10/49 | €589,129 | €624,868 | +€35,739 | +6.1% |
| Equity | 10/15 | €105,541 | €111,505 | +€5,964 | +5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €86,949 | €92,913 | +€5,964 | +6.9% |
| Distributable reserves | 133 | €86,949 | €92,913 | +€5,964 | +6.9% |
| Amounts payable | 17/49 | €483,588 | €513,363 | +€29,775 | +6.2% |
| Amounts payable after more than one year | 17 | €362,594 | €385,433 | +€22,840 | +6.3% |
| Financial debts | 170/4 | €362,594 | €385,433 | +€22,840 | +6.3% |
| Amounts payable within one year | 42/48 | €119,080 | €123,042 | +€3,962 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €29,135 | €22,398 | -€6,737 | -23.1% |
| Financial debts | 43 | €34,817 | €31,119 | -€3,697 | -10.6% |
| Credit institutions | 430/8 | €34,817 | €31,119 | -€3,697 | -10.6% |
| Trade debts | 44 | €32,728 | €38,899 | +€6,171 | +18.9% |
| Suppliers | 440/4 | €32,728 | €38,899 | +€6,171 | +18.9% |
| Taxes, remuneration and social security | 45 | €3,351 | €3,793 | +€442 | +13.2% |
| Taxes | 450/3 | €3,351 | €2,636 | -€715 | -21.3% |
| Remuneration and social security | 454/9 | - | €1,156 | +€1,156 | |
| Other amounts payable | 47/48 | €19,049 | €26,832 | +€7,784 | +40.9% |
| Accrued charges and deferred income | 492/3 | €1,915 | €4,889 | +€2,974 | +155% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | - | €5,989 | +€5,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,323 | €55,776 | -€2,547 | -4.4% |
| Other operating charges | 640/8 | €245 | €211 | -€34 | -13.9% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €50,182 | €80,036 | +€29,853 | +59.5% |
| Operating profit (loss) | 9901 | -€8,886 | €18,059 | +€26,945 | |
| Financial income | 75/76B | €599 | €739 | +€140 | +23.3% |
| Recurring financial income | 75 | €599 | €739 | +€140 | +23.3% |
| Financial charges | 65/66B | €12,243 | €12,238 | -€5 | 0.0% |
| Recurring financial charges | 65 | €12,243 | €12,238 | -€5 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,530 | €6,560 | +€27,090 | |
| Income taxes | 67/77 | - | €596 | +€596 | |
| Profit (loss) for the period | 9904 | -€20,530 | €5,964 | +€26,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,530 | €5,964 | +€26,493 |
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 20 October 2026 via checked.be.