SANIMA: what changed
Two fiscal 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.
SANIMA
Largest movements
- Stocks and contracts -€167,452
down €167,452 (-31.2%), from €536,516 to €369,064
- Receivables within one year +€57,054
up €57,054 (+42.4%), from €134,479 to €191,533
- Tangible fixed assets -€10,467
down €10,467 (-15.9%), from €65,857 to €55,390
of which Plant, machinery and equipment: -€7,370
- Financial fixed assets +€8,500
up €8,500 (+58.4%), from €14,563 to €23,063
- Cash -€8,490
down €8,490 (-37.0%), from €22,924 to €14,434
mainly Receivables within one year (-€57,054) and Trade debts (-€55,969)
- Trade debts -€55,969
down €55,969 (-9.2%), from €606,274 to €550,305
of which Suppliers: -€55,886
- Current portion of long-term debt -€47,594
no longer reported in 2025 (was €47,594)
- Profit (loss) carried forward -€28,055
down €28,055 (-34.4%), from €81,492 to €53,437
- Gross operating margin -€111,188
down €111,188 (-65.5%), from €169,746 to €58,558
- Staff costs -€93,673
down €93,673 (-55.3%), from €169,362 to €75,689
- Financial income -€31,300
down €31,300 (-79.9%), from €39,192 to €7,892
of which Financial income: -€35,927
- Financial charges -€5,356
down €5,356 (-93.4%), from €5,734 to €378
of which Financial charges: -€4,477
- Taxes -€3,721
no longer reported in 2025 (was €3,721)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €786,006 | €661,151 | -€124,855 | -15.9% |
| Fixed assets | 21/28 | €92,087 | €86,120 | -€5,967 | -6.5% |
| Intangible fixed assets | 21 | €11,667 | €7,667 | -€4,000 | -34.3% |
| Tangible fixed assets | 22/27 | €65,857 | €55,390 | -€10,467 | -15.9% |
| Land and buildings | 22 | €9,292 | €6,195 | -€3,097 | -33.3% |
| Plant, machinery and equipment | 23 | €56,565 | €49,195 | -€7,370 | -13.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €14,563 | €23,063 | +€8,500 | +58.4% |
| Current assets | 29/58 | €693,919 | €575,031 | -€118,888 | -17.1% |
| Stocks and contracts in progress | 3 | €536,516 | €369,064 | -€167,452 | -31.2% |
| Stocks | 30/36 | €536,516 | €369,064 | -€167,452 | -31.2% |
| Amounts receivable within one year | 40/41 | €134,479 | €191,533 | +€57,054 | +42.4% |
| Trade receivables | 40 | €134,479 | €191,533 | +€57,054 | +42.4% |
| Cash at bank and in hand | 54/58 | €22,924 | €14,434 | -€8,490 | -37.0% |
| Total equity and liabilities | 10/49 | €786,006 | €661,151 | -€124,855 | -15.9% |
| Equity | 10/15 | €101,952 | €73,897 | -€28,055 | -27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,492 | €53,437 | -€28,055 | -34.4% |
| Amounts payable | 17/49 | €684,054 | €587,254 | -€96,800 | -14.2% |
| Amounts payable within one year | 42/48 | €683,740 | €586,940 | -€96,800 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €47,594 | - | -€47,594 | |
| Trade debts | 44 | €606,274 | €550,305 | -€55,969 | -9.2% |
| Suppliers | 440/4 | €606,191 | €550,305 | -€55,886 | -9.2% |
| Bills of exchange payable | 441 | €83 | - | -€83 | |
| Taxes, remuneration and social security | 45 | €29,872 | €36,635 | +€6,763 | +22.6% |
| Taxes | 450/3 | €6,602 | €20,021 | +€13,419 | +203.3% |
| Remuneration and social security | 454/9 | €23,270 | €16,614 | -€6,656 | -28.6% |
| Accrued charges and deferred income | 492/3 | €314 | €314 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €169,362 | €75,689 | -€93,673 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,666 | €14,467 | -€199 | -1.4% |
| Other operating charges | 640/8 | €5,582 | €3,971 | -€1,611 | -28.9% |
| Gross operating margin | 9900 | €169,746 | €58,558 | -€111,188 | -65.5% |
| Operating profit (loss) | 9901 | -€19,864 | -€35,569 | -€15,705 | -79.1% |
| Financial income | 75/76B | €39,192 | €7,892 | -€31,300 | -79.9% |
| Recurring financial income | 75 | €39,192 | €3,265 | -€35,927 | -91.7% |
| Non-recurring financial income | 76B | - | €4,627 | +€4,627 | |
| Financial charges | 65/66B | €5,734 | €378 | -€5,356 | -93.4% |
| Recurring financial charges | 65 | €4,855 | €378 | -€4,477 | -92.2% |
| Non-recurring financial charges | 66B | €879 | - | -€879 | |
| Profit (loss) for the period before taxes | 9903 | €13,594 | -€28,055 | -€41,649 | |
| Income taxes | 67/77 | €3,721 | - | -€3,721 | |
| Profit (loss) for the period | 9904 | €9,873 | -€28,055 | -€37,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,873 | -€28,055 | -€37,928 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.