Sanilamo: 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.
Sanilamo
Largest movements
- Tangible fixed assets -€81,401
down €81,401 (-13.3%), from €614,280 to €532,879
- Receivables within one year +€80,350
up €80,350 (+60.2%), from €133,419 to €213,769
of which Other amounts receivable: +€188,578
- Cash -€43,601
down €43,601 (-35.2%), from €123,967 to €80,366
mainly Receivables within one year (-€80,350) and Debts after one year (-€43,000)
- Deferred charges and accrued income +€14,850
up €14,850 (+528%), from €2,812 to €17,661
- Profit (loss) carried forward +€51,603
up €51,603 (+11.6%), from €445,980 to €497,583
- Debts after one year -€43,000
down €43,000 (-29.8%), from €144,251 to €101,251
- Other debts -€38,641
down €38,641 (-66.8%), from €57,810 to €19,170
- Gross operating margin -€23,203
down €23,203 (-12.4%), from €186,959 to €163,756
- Taxes -€6,236
down €6,236 (-31.8%), from €19,602 to €13,365
- Financial income +€5,891
up €5,891 (+13,723%), from €43 to €5,934
- Financial charges -€4,076
down €4,076 (-34.8%), from €11,702 to €7,625
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 | €874,747 | €844,943 | -€29,803 | -3.4% |
| Fixed assets | 21/28 | €614,549 | €533,148 | -€81,401 | -13.2% |
| Tangible fixed assets | 22/27 | €614,280 | €532,879 | -€81,401 | -13.3% |
| Land and buildings | 22 | €614,280 | €532,879 | -€81,401 | -13.3% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €260,198 | €311,796 | +€51,598 | +19.8% |
| Amounts receivable within one year | 40/41 | €133,419 | €213,769 | +€80,350 | +60.2% |
| Trade receivables | 40 | €133,318 | €25,090 | -€108,228 | -81.2% |
| Other amounts receivable | 41 | €101 | €188,679 | +€188,578 | +186,249% |
| Cash at bank and in hand | 54/58 | €123,967 | €80,366 | -€43,601 | -35.2% |
| Deferred charges and accrued income | 490/1 | €2,812 | €17,661 | +€14,850 | +528% |
| Total equity and liabilities | 10/49 | €874,747 | €844,943 | -€29,803 | -3.4% |
| Equity | 10/15 | €611,374 | €662,976 | +€51,603 | +8.4% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Revaluation surpluses | 12 | €104,040 | €104,040 | = | 0.0% |
| Reserves | 13 | €5,578 | €5,578 | = | 0.0% |
| Distributable reserves | 133 | €5,578 | €5,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €445,980 | €497,583 | +€51,603 | +11.6% |
| Amounts payable | 17/49 | €263,373 | €181,967 | -€81,406 | -30.9% |
| Amounts payable after more than one year | 17 | €144,251 | €101,251 | -€43,000 | -29.8% |
| Financial debts | 170/4 | €144,251 | €101,251 | -€43,000 | -29.8% |
| Amounts payable within one year | 42/48 | €117,622 | €79,216 | -€38,406 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €43,000 | €43,000 | = | 0.0% |
| Trade debts | 44 | €2,812 | €4,194 | +€1,383 | +49.2% |
| Suppliers | 440/4 | €2,812 | €4,194 | +€1,383 | +49.2% |
| Taxes, remuneration and social security | 45 | €14,000 | €12,852 | -€1,148 | -8.2% |
| Taxes | 450/3 | €14,000 | €12,852 | -€1,148 | -8.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €57,810 | €19,170 | -€38,641 | -66.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,707 | €81,401 | -€1,306 | -1.6% |
| Other operating charges | 640/8 | €14,575 | €15,696 | +€1,121 | +7.7% |
| Gross operating margin | 9900 | €186,959 | €163,756 | -€23,203 | -12.4% |
| Operating profit (loss) | 9901 | €89,677 | €66,659 | -€23,018 | -25.7% |
| Financial income | 75/76B | €43 | €5,934 | +€5,891 | +13,723% |
| Recurring financial income | 75 | €43 | €5,934 | +€5,891 | +13,723% |
| Financial charges | 65/66B | €11,702 | €7,625 | -€4,076 | -34.8% |
| Recurring financial charges | 65 | €11,702 | €7,625 | -€4,076 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €78,018 | €64,968 | -€13,050 | -16.7% |
| Income taxes | 67/77 | €19,602 | €13,365 | -€6,236 | -31.8% |
| Profit (loss) for the period | 9904 | €58,417 | €51,603 | -€6,814 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,417 | €51,603 | -€6,814 | -11.7% |
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 28 October 2026 via checked.be.