SANINVEST: what changed
SANINVEST
Largest movements
- Current investments +€118,093
up €118,093 (+12.7%), from €928,647 to €1.0m
- Cash -€82,908
down €82,908 (-49.0%), from €169,345 to €86,437
mainly Current investments (-€118,093)
- Reserves +€24,874
up €24,874 (+5.5%), from €453,192 to €478,066
- Financial income +€37,361
up €37,361 (+317%), from €11,773 to €49,134
- Taxes +€10,305
new in 2025: €10,305
- Financial charges +€7,047
up €7,047 (+439%), from €1,605 to €8,651
- Gross operating margin -€117
down €117 (-2.8%), from -€4,181 to -€4,297
- Other operating charges -€47
down €47 (-4.4%), from €1,053 to €1,006
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,217,152 | €1,252,193 | +€35,041 | +2.9% |
| Fixed assets | 21/28 | €118,466 | €118,466 | = | 0.0% |
| Tangible fixed assets | 22/27 | €118,466 | €118,466 | = | 0.0% |
| Land and buildings | 22 | €118,466 | €118,466 | = | 0.0% |
| Current assets | 29/58 | €1,098,686 | €1,133,727 | +€35,041 | +3.2% |
| Amounts receivable within one year | 40/41 | €168 | €0 | -€168 | -100% |
| Other amounts receivable | 41 | €168 | €0 | -€168 | -100% |
| Current investments | 50/53 | €928,647 | €1,046,740 | +€118,093 | +12.7% |
| Cash at bank and in hand | 54/58 | €169,345 | €86,437 | -€82,908 | -49.0% |
| Deferred charges and accrued income | 490/1 | €525 | €550 | +€24 | +4.6% |
| Total equity and liabilities | 10/49 | €1,217,152 | €1,252,193 | +€35,041 | +2.9% |
| Equity | 10/15 | €1,214,442 | €1,239,316 | +€24,874 | +2.0% |
| Contributions | 10/11 | €761,250 | €761,250 | = | 0.0% |
| Reserves | 13 | €453,192 | €478,066 | +€24,874 | +5.5% |
| Distributable reserves | 133 | €453,192 | €478,066 | +€24,874 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,710 | €12,877 | +€10,167 | +375% |
| Amounts payable within one year | 42/48 | €1,750 | €11,879 | +€10,129 | +579% |
| Trade debts | 44 | €1,750 | €1,750 | = | 0.0% |
| Suppliers | 440/4 | €1,750 | €1,750 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €10,129 | +€10,129 | |
| Taxes | 450/3 | €0 | €10,129 | +€10,129 | |
| Accrued charges and deferred income | 492/3 | €960 | €998 | +€38 | +4.0% |
| Other operating charges | 640/8 | €1,053 | €1,006 | -€47 | -4.4% |
| Gross operating margin | 9900 | -€4,181 | -€4,297 | -€117 | -2.8% |
| Operating profit (loss) | 9901 | -€5,233 | -€5,303 | -€70 | -1.3% |
| Financial income | 75/76B | €11,773 | €49,134 | +€37,361 | +317% |
| Recurring financial income | 75 | €11,773 | €49,134 | +€37,361 | +317% |
| Financial charges | 65/66B | €1,605 | €8,651 | +€7,047 | +439% |
| Recurring financial charges | 65 | €1,605 | €8,651 | +€7,047 | +439% |
| Profit (loss) for the period before taxes | 9903 | €4,935 | €35,180 | +€30,245 | +613% |
| Income taxes | 67/77 | - | €10,305 | +€10,305 | |
| Profit (loss) for the period | 9904 | €4,935 | €24,874 | +€19,939 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €4,935 | €24,874 | +€19,939 | +404% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.