Sanipo: what changed
Sanipo
Largest movements
- Receivables within one year +€24,277
up €24,277 (+283%), from €8,569 to €32,845
of which Trade receivables: +€21,858
- Stocks and contracts +€14,026
new in 2025: €14,026
of which Contracts in progress: +€13,051
- Cash +€6,996
up €6,996 (+5.9%), from €119,273 to €126,268
mainly Net result for the year (+€55,742) and Depreciation (+€6,000)
- Tangible fixed assets -€6,000
down €6,000 (-40.7%), from €14,729 to €8,729
- Deferred charges and accrued income +€2,080
new in 2025: €2,080
- Reserves +€55,742
up €55,742 (+61.6%), from €90,529 to €146,271
- Tax, wage and social debts -€16,264
down €16,264 (-57.2%), from €28,437 to €12,173
- Trade debts +€5,764
up €5,764 (+131%), from €4,398 to €10,162
- Other debts -€3,862
down €3,862 (-27.2%), from €14,205 to €10,343
- Gross operating margin -€52,926
down €52,926 (-38.7%), from €136,885 to €83,958
- Taxes -€15,186
down €15,186 (-41.5%), from €36,614 to €21,428
- Depreciation -€3,271
down €3,271 (-35.3%), from €9,271 to €6,000
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 | €142,570 | €183,949 | +€41,379 | +29.0% |
| Fixed assets | 21/28 | €14,729 | €8,729 | -€6,000 | -40.7% |
| Tangible fixed assets | 22/27 | €14,729 | €8,729 | -€6,000 | -40.7% |
| Furniture and vehicles | 24 | €14,729 | €8,729 | -€6,000 | -40.7% |
| Current assets | 29/58 | €127,841 | €175,220 | +€47,379 | +37.1% |
| Stocks and contracts in progress | 3 | - | €14,026 | +€14,026 | |
| Stocks | 30/36 | - | €975 | +€975 | |
| Contracts in progress | 37 | - | €13,051 | +€13,051 | |
| Amounts receivable within one year | 40/41 | €8,569 | €32,845 | +€24,277 | +283% |
| Trade receivables | 40 | €6,902 | €28,759 | +€21,858 | +317% |
| Other amounts receivable | 41 | €1,667 | €4,086 | +€2,419 | +145% |
| Cash at bank and in hand | 54/58 | €119,273 | €126,268 | +€6,996 | +5.9% |
| Deferred charges and accrued income | 490/1 | - | €2,080 | +€2,080 | |
| Total equity and liabilities | 10/49 | €142,570 | €183,949 | +€41,379 | +29.0% |
| Equity | 10/15 | €95,529 | €151,271 | +€55,742 | +58.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,529 | €146,271 | +€55,742 | +61.6% |
| Distributable reserves | 133 | €90,529 | €146,271 | +€55,742 | +61.6% |
| Amounts payable | 17/49 | €47,041 | €32,678 | -€14,363 | -30.5% |
| Amounts payable within one year | 42/48 | €47,041 | €32,678 | -€14,363 | -30.5% |
| Trade debts | 44 | €4,398 | €10,162 | +€5,764 | +131% |
| Suppliers | 440/4 | €4,398 | €10,162 | +€5,764 | +131% |
| Taxes, remuneration and social security | 45 | €28,437 | €12,173 | -€16,264 | -57.2% |
| Taxes | 450/3 | €28,437 | €12,173 | -€16,264 | -57.2% |
| Other amounts payable | 47/48 | €14,205 | €10,343 | -€3,862 | -27.2% |
| Remuneration, social security and pensions | 62 | - | €580 | +€580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,271 | €6,000 | -€3,271 | -35.3% |
| Other operating charges | 640/8 | €402 | €165 | -€237 | -58.9% |
| Gross operating margin | 9900 | €136,885 | €83,958 | -€52,926 | -38.7% |
| Operating profit (loss) | 9901 | €127,212 | €77,214 | -€49,998 | -39.3% |
| Financial income | 75/76B | €31 | €3 | -€28 | -89.8% |
| Recurring financial income | 75 | €31 | €3 | -€28 | -89.8% |
| Financial charges | 65/66B | €99 | €47 | -€52 | -52.2% |
| Recurring financial charges | 65 | €99 | €47 | -€52 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €127,144 | €77,170 | -€49,974 | -39.3% |
| Income taxes | 67/77 | €36,614 | €21,428 | -€15,186 | -41.5% |
| Profit (loss) for the period | 9904 | €90,529 | €55,742 | -€34,787 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,529 | €55,742 | -€34,787 | -38.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.