SANIMAX: 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.
SANIMAX
Largest movements
- Cash +€38,590
up €38,590 (+93.9%), from €41,103 to €79,693
mainly Trade debts (+€32,752) and Receivables within one year (+€17,890)
- Receivables within one year -€17,890
down €17,890 (-55.4%), from €32,305 to €14,415
of which Trade receivables: -€17,890
- Tangible fixed assets -€3,246
down €3,246 (-28.0%), from €11,610 to €8,364
of which Plant, machinery and equipment: -€1,904
- Trade debts +€32,752
up €32,752 (+76.1%), from €43,018 to €75,771
of which Suppliers: +€32,986
- Profit (loss) carried forward -€14,663
down €14,663 (-13.3%), from €110,011 to €95,348
- Advances received -€5,003
down €5,003 (-59.4%), from €8,419 to €3,416
- Financial income -€11,379
down €11,379 (-75.2%), from €15,137 to €3,759
- Staff costs +€10,948
up €10,948 (+53.1%), from €20,631 to €31,578
- Gross operating margin +€3,125
up €3,125 (+13.3%), from €23,425 to €26,549
- Financial charges +€942
up €942 (+31.5%), from €2,996 to €3,938
- Depreciation +€817
up €817 (+33.7%), from €2,428 to €3,246
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 | €282,701 | €295,017 | +€12,316 | +4.4% |
| Fixed assets | 21/28 | €11,982 | €8,736 | -€3,246 | -27.1% |
| Tangible fixed assets | 22/27 | €11,610 | €8,364 | -€3,246 | -28.0% |
| Plant, machinery and equipment | 23 | €6,982 | €5,078 | -€1,904 | -27.3% |
| Furniture and vehicles | 24 | €4,628 | €3,286 | -€1,342 | -29.0% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €270,719 | €286,281 | +€15,562 | +5.7% |
| Stocks and contracts in progress | 3 | €189,043 | €186,363 | -€2,680 | -1.4% |
| Stocks | 30/36 | €189,043 | €186,363 | -€2,680 | -1.4% |
| Amounts receivable within one year | 40/41 | €32,305 | €14,415 | -€17,890 | -55.4% |
| Trade receivables | 40 | €27,505 | €9,615 | -€17,890 | -65.0% |
| Other amounts receivable | 41 | €4,800 | €4,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,103 | €79,693 | +€38,590 | +93.9% |
| Deferred charges and accrued income | 490/1 | €8,268 | €5,809 | -€2,458 | -29.7% |
| Total equity and liabilities | 10/49 | €282,701 | €295,017 | +€12,316 | +4.4% |
| Equity | 10/15 | €155,947 | €141,284 | -€14,663 | -9.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,344 | €27,344 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €25,485 | €25,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,011 | €95,348 | -€14,663 | -13.3% |
| Amounts payable | 17/49 | €126,753 | €153,733 | +€26,980 | +21.3% |
| Amounts payable within one year | 42/48 | €126,753 | €153,608 | +€26,855 | +21.2% |
| Trade debts | 44 | €43,018 | €75,771 | +€32,752 | +76.1% |
| Suppliers | 440/4 | €41,812 | €74,798 | +€32,986 | +78.9% |
| Bills of exchange payable | 441 | €1,206 | €972 | -€233 | -19.4% |
| Advances received on contracts in progress | 46 | €8,419 | €3,416 | -€5,003 | -59.4% |
| Taxes, remuneration and social security | 45 | €25,940 | €27,545 | +€1,605 | +6.2% |
| Taxes | 450/3 | €13,459 | €20,004 | +€6,545 | +48.6% |
| Remuneration and social security | 454/9 | €12,480 | €7,540 | -€4,940 | -39.6% |
| Other amounts payable | 47/48 | €49,377 | €46,877 | -€2,500 | -5.1% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Remuneration, social security and pensions | 62 | €20,631 | €31,578 | +€10,948 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,428 | €3,246 | +€817 | +33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,227 | €4,436 | -€791 | -15.1% |
| Non-recurring operating charges | 66A | - | €1,774 | +€1,774 | |
| Gross operating margin | 9900 | €23,425 | €26,549 | +€3,125 | +13.3% |
| Operating profit (loss) | 9901 | -€4,861 | -€14,484 | -€9,623 | -198% |
| Financial income | 75/76B | €15,137 | €3,759 | -€11,379 | -75.2% |
| Recurring financial income | 75 | €15,137 | €3,759 | -€11,379 | -75.2% |
| Financial charges | 65/66B | €2,996 | €3,938 | +€942 | +31.5% |
| Recurring financial charges | 65 | €2,996 | €3,938 | +€942 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €7,281 | -€14,663 | -€21,944 | |
| Profit (loss) for the period | 9904 | €7,281 | -€14,663 | -€21,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,281 | -€14,663 | -€21,944 |
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 17 October 2026 via checked.be.