SANIPAM: 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.
SANIPAM
Largest movements
- Current assets +€18,663
up €18,663 (+29.2%), from €64,000 to €82,663
of which Cash: +€32,782
- Tangible fixed assets -€4,407
down €4,407 (-43.3%), from €10,186 to €5,779
- Profit (loss) carried forward +€19,342
up €19,342 (+59.0%), from -€32,776 to -€13,434
- Debts -€5,086
down €5,086 (-8.7%), from €58,484 to €53,398
- Gross operating margin -€14,598
down €14,598 (-28.0%), from €52,174 to €37,576
- Depreciation -€1,268
down €1,268 (-19.1%), from €6,645 to €5,377
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,280 | €91,537 | +€14,256 | +18.4% |
| Fixed assets | 21/28 | €13,280 | €8,874 | -€4,407 | -33.2% |
| Tangible fixed assets | 22/27 | €10,186 | €5,779 | -€4,407 | -43.3% |
| Financial fixed assets | 28 | €3,094 | €3,094 | = | 0.0% |
| Current assets | 29/58 | €64,000 | €82,663 | +€18,663 | +29.2% |
| Stocks and contracts in progress | 3 | €24,446 | €22,089 | -€2,357 | -9.6% |
| Amounts receivable within one year | 40/41 | €35,457 | €21,711 | -€13,746 | -38.8% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,506 | €35,288 | +€32,782 | +1,308% |
| Total equity and liabilities | 10/49 | €77,280 | €91,537 | +€14,256 | +18.4% |
| Equity | 10/15 | €18,796 | €38,139 | +€19,342 | +103% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,981 | €32,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,776 | -€13,434 | +€19,342 | +59.0% |
| Amounts payable | 17/49 | €58,484 | €53,398 | -€5,086 | -8.7% |
| Amounts payable within one year | 42/48 | €58,347 | €53,335 | -€5,012 | -8.6% |
| Trade debts | 44 | €34,773 | €44,251 | +€9,477 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,645 | €5,377 | -€1,268 | -19.1% |
| Gross operating margin | 9900 | €52,174 | €37,576 | -€14,598 | -28.0% |
| Operating profit (loss) | 9901 | €3,618 | €21,491 | +€17,872 | +494% |
| Recurring financial income | 75 | €315 | €144 | -€171 | -54.4% |
| Recurring financial charges | 65 | €1,745 | €1,981 | +€236 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €2,188 | €19,653 | +€17,465 | +798% |
| Income taxes | 67/77 | €314 | €311 | -€4 | -1.2% |
| Profit (loss) for the period | 9904 | €1,874 | €19,342 | +€17,469 | +932% |
| Profit (loss) for the period to be appropriated | 9905 | €1,874 | €19,342 | +€17,469 | +932% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.