Sanimprove: 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.
Sanimprove
Largest movements
- Receivables within one year -€191,794
down €191,794 (-50.4%), from €380,371 to €188,577
of which Trade receivables: -€150,708
- Stocks and contracts -€36,036
down €36,036 (-14.9%), from €242,483 to €206,446
of which Stocks: -€32,115
- Cash +€23,514
up €23,514 (+1155.2%), from €2,035 to €25,550
mainly Receivables within one year (+€191,794) and Stocks and contracts (+€36,036)
- Tangible fixed assets -€17,829
down €17,829 (-33.1%), from €53,861 to €36,033
of which Leasing and similar rights: -€10,390
- Other debts -€172,732
down €172,732 (-70.3%), from €245,832 to €73,100
- Trade debts -€87,531
down €87,531 (-64.6%), from €135,418 to €47,887
- Short-term financial debts +€20,000
up €20,000 (+9.2%), from €217,000 to €237,000
of which Credit institutions: +€25,000
- Profit (loss) carried forward +€18,214
no longer reported in 2025 (was -€18,214)
- Reserves +€17,481
up €17,481 (+437.0%), from €4,000 to €21,481
of which Distributable reserves: +€17,481
- Gross operating margin -€33,561
down €33,561 (-11.7%), from €285,675 to €252,115
- Staff costs -€32,838
down €32,838 (-16.4%), from €199,741 to €166,903
- Financial charges -€6,972
down €6,972 (-25.8%), from €27,049 to €20,078
- Taxes +€4,978
new in 2025: €4,978
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 | €684,505 | €459,400 | -€225,104 | -32.9% |
| Fixed assets | 21/28 | €53,861 | €36,033 | -€17,829 | -33.1% |
| Tangible fixed assets | 22/27 | €53,861 | €36,033 | -€17,829 | -33.1% |
| Plant, machinery and equipment | 23 | €12,484 | €5,259 | -€7,225 | -57.9% |
| Furniture and vehicles | 24 | €7,609 | €12,720 | +€5,111 | +67.2% |
| Leasing and similar rights | 25 | €11,558 | €1,167 | -€10,390 | -89.9% |
| Other tangible fixed assets | 26 | €22,210 | €16,886 | -€5,324 | -24.0% |
| Current assets | 29/58 | €630,643 | €423,368 | -€207,276 | -32.9% |
| Stocks and contracts in progress | 3 | €242,483 | €206,446 | -€36,036 | -14.9% |
| Stocks | 30/36 | €200,411 | €168,297 | -€32,115 | -16.0% |
| Contracts in progress | 37 | €42,071 | €38,150 | -€3,922 | -9.3% |
| Amounts receivable within one year | 40/41 | €380,371 | €188,577 | -€191,794 | -50.4% |
| Trade receivables | 40 | €314,310 | €163,602 | -€150,708 | -47.9% |
| Other amounts receivable | 41 | €66,061 | €24,974 | -€41,087 | -62.2% |
| Cash at bank and in hand | 54/58 | €2,035 | €25,550 | +€23,514 | +1155.2% |
| Deferred charges and accrued income | 490/1 | €5,754 | €2,795 | -€2,959 | -51.4% |
| Total equity and liabilities | 10/49 | €684,505 | €459,400 | -€225,104 | -32.9% |
| Equity | 10/15 | €5,786 | €41,481 | +€35,695 | +617.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €21,481 | +€17,481 | +437.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | - | €17,481 | +€17,481 | |
| Profit (loss) carried forward | 14 | -€18,214 | - | +€18,214 | |
| Amounts payable | 17/49 | €678,719 | €417,920 | -€260,799 | -38.4% |
| Amounts payable after more than one year | 17 | €54,154 | €39,031 | -€15,123 | -27.9% |
| Financial debts | 170/4 | €54,154 | €39,031 | -€15,123 | -27.9% |
| Amounts payable within one year | 42/48 | €624,509 | €378,888 | -€245,621 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €26,010 | €15,123 | -€10,888 | -41.9% |
| Financial debts | 43 | €217,000 | €237,000 | +€20,000 | +9.2% |
| Credit institutions | 430/8 | €200,000 | €225,000 | +€25,000 | +12.5% |
| Other loans | 439 | €17,000 | €12,000 | -€5,000 | -29.4% |
| Trade debts | 44 | €135,418 | €47,887 | -€87,531 | -64.6% |
| Suppliers | 440/4 | €135,418 | €47,887 | -€87,531 | -64.6% |
| Taxes, remuneration and social security | 45 | €248 | €5,779 | +€5,530 | +2227.9% |
| Taxes | 450/3 | €248 | €4,978 | +€4,730 | +1905.4% |
| Remuneration and social security | 454/9 | - | €801 | +€801 | |
| Other amounts payable | 47/48 | €245,832 | €73,100 | -€172,732 | -70.3% |
| Accrued charges and deferred income | 492/3 | €56 | - | -€56 | |
| Non-recurring operating income | 76A | - | €4,790 | +€4,790 | |
| Remuneration, social security and pensions | 62 | €199,741 | €166,903 | -€32,838 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,048 | €28,261 | -€787 | -2.7% |
| Other operating charges | 640/8 | €2,859 | €2,492 | -€367 | -12.8% |
| Gross operating margin | 9900 | €285,675 | €252,115 | -€33,561 | -11.7% |
| Operating profit (loss) | 9901 | €54,027 | €54,459 | +€432 | +0.8% |
| Financial income | 75/76B | €8,870 | €6,292 | -€2,578 | -29.1% |
| Recurring financial income | 75 | €8,870 | €6,292 | -€2,578 | -29.1% |
| Financial charges | 65/66B | €27,049 | €20,078 | -€6,972 | -25.8% |
| Recurring financial charges | 65 | €27,049 | €20,078 | -€6,972 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €35,847 | €40,673 | +€4,826 | +13.5% |
| Income taxes | 67/77 | - | €4,978 | +€4,978 | |
| Profit (loss) for the period | 9904 | €35,847 | €35,695 | -€152 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,847 | €35,695 | -€152 | -0.4% |
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.