SANIPAREZ: 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.
SANIPAREZ
Largest movements
- Cash -€21,424
down €21,424 (-22.0%), from €97,298 to €75,874
mainly Trade debts (-€43,600) and Current portion of long-term debt (-€3,634)
- Receivables within one year -€12,995
down €12,995 (-10.8%), from €119,832 to €106,836
of which Other amounts receivable: -€14,503
- Tangible fixed assets -€11,302
down €11,302 (-17.9%), from €63,095 to €51,793
of which Furniture and vehicles: -€6,627
- Trade debts -€43,600
down €43,600 (-54.8%), from €79,552 to €35,952
- Debts after one year +€3,687
up €3,687 (+5.5%), from €67,434 to €71,121
- Current portion of long-term debt -€3,634
down €3,634 (-17.1%), from €21,229 to €17,596
- Financial charges -€30,451
down €30,451 (-89.1%), from €34,186 to €3,736
of which Non-recurring financial charges: -€30,864
- Gross operating margin -€17,873
down €17,873 (-47.3%), from €37,767 to €19,894
- Taxes -€5,137
down €5,137 (-82.3%), from €6,242 to €1,104
- Other operating charges +€3,482
up €3,482 (+165.1%), from €2,109 to €5,591
- Depreciation -€909
down €909 (-7.4%), from €12,211 to €11,302
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 | €280,463 | €234,742 | -€45,721 | -16.3% |
| Fixed assets | 21/28 | €63,295 | €51,993 | -€11,302 | -17.9% |
| Tangible fixed assets | 22/27 | €63,095 | €51,793 | -€11,302 | -17.9% |
| Land and buildings | 22 | €47,399 | €42,724 | -€4,675 | -9.9% |
| Furniture and vehicles | 24 | €15,696 | €9,069 | -€6,627 | -42.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €217,168 | €182,749 | -€34,419 | -15.8% |
| Amounts receivable within one year | 40/41 | €119,832 | €106,836 | -€12,995 | -10.8% |
| Trade receivables | 40 | €34,835 | €36,342 | +€1,507 | +4.3% |
| Other amounts receivable | 41 | €84,997 | €70,494 | -€14,503 | -17.1% |
| Cash at bank and in hand | 54/58 | €97,298 | €75,874 | -€21,424 | -22.0% |
| Deferred charges and accrued income | 490/1 | €39 | €39 | = | 0.0% |
| Total equity and liabilities | 10/49 | €280,463 | €234,742 | -€45,721 | -16.3% |
| Equity | 10/15 | €86,362 | €84,523 | -€1,839 | -2.1% |
| Reserves | 13 | €4,365 | €4,365 | = | 0.0% |
| Distributable reserves | 133 | €4,365 | €4,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,997 | €80,157 | -€1,839 | -2.2% |
| Amounts payable | 17/49 | €194,101 | €150,219 | -€43,882 | -22.6% |
| Amounts payable after more than one year | 17 | €67,434 | €71,121 | +€3,687 | +5.5% |
| Financial debts | 170/4 | €67,434 | €71,121 | +€3,687 | +5.5% |
| Amounts payable within one year | 42/48 | €126,667 | €79,098 | -€47,569 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €21,229 | €17,596 | -€3,634 | -17.1% |
| Financial debts | 43 | €1 | €1 | = | 0.0% |
| Other loans | 439 | €1 | €1 | = | 0.0% |
| Trade debts | 44 | €79,552 | €35,952 | -€43,600 | -54.8% |
| Suppliers | 440/4 | €79,552 | €35,952 | -€43,600 | -54.8% |
| Advances received on contracts in progress | 46 | €5,710 | €3,002 | -€2,709 | -47.4% |
| Taxes, remuneration and social security | 45 | €20,174 | €22,547 | +€2,374 | +11.8% |
| Taxes | 450/3 | €15,174 | €17,547 | +€2,374 | +15.6% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,211 | €11,302 | -€909 | -7.4% |
| Other operating charges | 640/8 | €2,109 | €5,591 | +€3,482 | +165.1% |
| Gross operating margin | 9900 | €37,767 | €19,894 | -€17,873 | -47.3% |
| Operating profit (loss) | 9901 | €23,446 | €3,001 | -€20,446 | -87.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €34,186 | €3,736 | -€30,451 | -89.1% |
| Recurring financial charges | 65 | €3,323 | €3,736 | +€413 | +12.4% |
| Non-recurring financial charges | 66B | €30,864 | - | -€30,864 | |
| Profit (loss) for the period before taxes | 9903 | -€10,740 | -€735 | +€10,005 | +93.2% |
| Income taxes | 67/77 | €6,242 | €1,104 | -€5,137 | -82.3% |
| Profit (loss) for the period | 9904 | -€16,981 | -€1,839 | +€15,142 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,981 | -€1,839 | +€15,142 | +89.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.