SANISA: 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.
SANISA
Largest movements
- Tangible fixed assets -€21,640
down €21,640 (-7.3%), from €296,605 to €274,965
- Debts after one year -€18,888
down €18,888 (-10.2%), from €184,809 to €165,921
- Reserves -€3,756
down €3,756 (-4.7%), from €80,082 to €76,326
of which Tax-exempt reserves: -€3,756
- Gross operating margin +€1,544
up €1,544 (+6.8%), from €22,847 to €24,392
- Financial charges -€454
down €454 (-9.0%), from €5,041 to €4,588
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 | €303,724 | €281,175 | -€22,549 | -7.4% |
| Fixed assets | 21/28 | €296,605 | €274,965 | -€21,640 | -7.3% |
| Tangible fixed assets | 22/27 | €296,605 | €274,965 | -€21,640 | -7.3% |
| Land and buildings | 22 | €296,605 | €274,965 | -€21,640 | -7.3% |
| Current assets | 29/58 | €7,119 | €6,210 | -€909 | -12.8% |
| Cash at bank and in hand | 54/58 | €6,165 | €5,214 | -€951 | -15.4% |
| Deferred charges and accrued income | 490/1 | €954 | €996 | +€42 | +4.4% |
| Total equity and liabilities | 10/49 | €303,724 | €281,175 | -€22,549 | -7.4% |
| Equity | 10/15 | €75,287 | €72,423 | -€2,864 | -3.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €80,082 | €76,326 | -€3,756 | -4.7% |
| Tax-exempt reserves | 132 | €78,842 | €75,086 | -€3,756 | -4.8% |
| Distributable reserves | 133 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,584 | -€28,692 | +€892 | +3.0% |
| Provisions and deferred taxes | 16 | €26,281 | €25,029 | -€1,252 | -4.8% |
| Deferred taxes | 168 | €26,281 | €25,029 | -€1,252 | -4.8% |
| Amounts payable | 17/49 | €202,157 | €183,724 | -€18,433 | -9.1% |
| Amounts payable after more than one year | 17 | €184,809 | €165,921 | -€18,888 | -10.2% |
| Financial debts | 170/4 | €184,809 | €165,921 | -€18,888 | -10.2% |
| Amounts payable within one year | 42/48 | €17,262 | €17,718 | +€455 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €14,010 | €14,591 | +€582 | +4.2% |
| Trade debts | 44 | €2,265 | €2,713 | +€448 | +19.8% |
| Suppliers | 440/4 | €2,265 | €2,713 | +€448 | +19.8% |
| Other amounts payable | 47/48 | €988 | €414 | -€574 | -58.1% |
| Accrued charges and deferred income | 492/3 | €85 | €85 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,640 | €21,640 | = | 0.0% |
| Other operating charges | 640/8 | €2,212 | €2,280 | +€68 | +3.1% |
| Gross operating margin | 9900 | €22,847 | €24,392 | +€1,544 | +6.8% |
| Operating profit (loss) | 9901 | -€1,005 | €472 | +€1,477 | |
| Financial charges | 65/66B | €5,041 | €4,588 | -€454 | -9.0% |
| Recurring financial charges | 65 | €5,041 | €4,588 | -€454 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,046 | -€4,116 | +€1,930 | +31.9% |
| Transfer from deferred taxes | 780 | €1,252 | €1,252 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,794 | -€2,864 | +€1,930 | +40.3% |
| Transfer from tax-exempt reserves | 789 | €3,756 | €3,756 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,038 | €892 | +€1,930 |
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 5 October 2026 via checked.be.