SANIROP: 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.
SANIROP
Largest movements
- Receivables within one year -€55,969
down €55,969 (-34.3%), from €163,166 to €107,197
- Cash +€31,359
up €31,359 (+140%), from €22,404 to €53,763
mainly Receivables within one year (+€55,969) and Net result for the year (+€32,601)
- Stocks and contracts +€25,709
up €25,709 (+11.7%), from €219,047 to €244,756
- Profit (loss) carried forward +€32,601
up €32,601 (+47.2%), from -€69,044 to -€36,443
- Debts after one year -€29,838
down €29,838 (-29.7%), from €100,511 to €70,673
of which Financial debts: -€29,838
- Trade debts -€20,135
down €20,135 (-31.5%), from €63,820 to €43,685
- Tax, wage and social debts +€7,156
up €7,156 (+18.5%), from €38,781 to €45,937
of which Remuneration and social security: +€9,908
- Gross operating margin -€104,442
down €104,442 (-33.2%), from €314,981 to €210,539
- Write-downs -€33,959
down €33,959, from €27,167 to -€6,792
- Staff costs -€19,628
down €19,628 (-12.3%), from €159,046 to €139,418
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.
Derived cash bridge
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 | €471,166 | €467,301 | -€3,865 | -0.8% |
| Fixed assets | 21/28 | €66,549 | €61,585 | -€4,964 | -7.5% |
| Intangible fixed assets | 21 | €4,822 | €2,822 | -€2,000 | -41.5% |
| Tangible fixed assets | 22/27 | €61,727 | €58,763 | -€2,964 | -4.8% |
| Land and buildings | 22 | €37,184 | €37,184 | = | 0.0% |
| Plant, machinery and equipment | 23 | €24,543 | €21,579 | -€2,964 | -12.1% |
| Current assets | 29/58 | €404,617 | €405,716 | +€1,099 | +0.3% |
| Stocks and contracts in progress | 3 | €219,047 | €244,756 | +€25,709 | +11.7% |
| Stocks | 30/36 | €219,047 | €244,756 | +€25,709 | +11.7% |
| Amounts receivable within one year | 40/41 | €163,166 | €107,197 | -€55,969 | -34.3% |
| Trade receivables | 40 | €163,166 | €107,197 | -€55,969 | -34.3% |
| Cash at bank and in hand | 54/58 | €22,404 | €53,763 | +€31,359 | +140% |
| Total equity and liabilities | 10/49 | €471,166 | €467,301 | -€3,865 | -0.8% |
| Equity | 10/15 | €226,709 | €259,310 | +€32,601 | +14.4% |
| Contributions | 10/11 | €199,971 | €199,971 | = | 0.0% |
| Reserves | 13 | €95,782 | €95,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,310 | €32,310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,310 | €32,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,570 | €22,570 | = | 0.0% |
| Distributable reserves | 133 | €40,902 | €40,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,044 | -€36,443 | +€32,601 | +47.2% |
| Amounts payable | 17/49 | €244,457 | €207,991 | -€36,466 | -14.9% |
| Amounts payable after more than one year | 17 | €100,511 | €70,673 | -€29,838 | -29.7% |
| Financial debts | 170/4 | €98,963 | €69,125 | -€29,838 | -30.2% |
| Other amounts payable | 178/9 | €1,548 | €1,548 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,446 | €127,568 | -€8,878 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €31,795 | €31,417 | -€378 | -1.2% |
| Trade debts | 44 | €63,820 | €43,685 | -€20,135 | -31.5% |
| Suppliers | 440/4 | €63,820 | €43,685 | -€20,135 | -31.5% |
| Taxes, remuneration and social security | 45 | €38,781 | €45,937 | +€7,156 | +18.5% |
| Taxes | 450/3 | €29,084 | €26,332 | -€2,752 | -9.5% |
| Remuneration and social security | 454/9 | €9,697 | €19,605 | +€9,908 | +102% |
| Other amounts payable | 47/48 | €2,050 | €6,529 | +€4,479 | +218% |
| Accrued charges and deferred income | 492/3 | €7,500 | €9,750 | +€2,250 | +30.0% |
| Remuneration, social security and pensions | 62 | €159,046 | €139,418 | -€19,628 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,788 | €4,963 | +€175 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,167 | -€6,792 | -€33,959 | |
| Other operating charges | 640/8 | €15,705 | €18,284 | +€2,579 | +16.4% |
| Gross operating margin | 9900 | €314,981 | €210,539 | -€104,442 | -33.2% |
| Operating profit (loss) | 9901 | €108,275 | €54,666 | -€53,609 | -49.5% |
| Financial income | 75/76B | €408 | €283 | -€125 | -30.6% |
| Recurring financial income | 75 | €408 | €283 | -€125 | -30.6% |
| Financial charges | 65/66B | €9,831 | €10,201 | +€370 | +3.8% |
| Recurring financial charges | 65 | €9,831 | €10,201 | +€370 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €98,852 | €44,748 | -€54,104 | -54.7% |
| Income taxes | 67/77 | €11,619 | €12,147 | +€528 | +4.5% |
| Profit (loss) for the period | 9904 | €87,233 | €32,601 | -€54,632 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,233 | €32,601 | -€54,632 | -62.6% |
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 15 October 2026 via checked.be.