SANITARI & Co: 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.
SANITARI & Co
Largest movements
- Cash -€31,837
down €31,837 (-63.7%), from €49,988 to €18,151
mainly Debts after one year (-€31,453) and Accrued charges and deferred income (-€24,667)
- Tangible fixed assets -€26,911
down €26,911 (-36.4%), from €74,011 to €47,100
of which Furniture and vehicles: -€22,498
- Receivables within one year -€6,191
down €6,191 (-2.8%), from €220,107 to €213,916
of which Other amounts receivable: -€3,348
- Stocks and contracts -€4,200
down €4,200 (-14.4%), from €29,160 to €24,960
- Debts after one year -€31,453
down €31,453 (-26.0%), from €120,875 to €89,422
of which Other amounts payable: -€20,000
- Accrued charges and deferred income -€24,667
down €24,667 (-90.8%), from €27,167 to €2,500
- Other debts -€6,211
down €6,211 (-26.3%), from €23,651 to €17,440
- Tax, wage and social debts -€6,163
down €6,163 (-55.6%), from €11,093 to €4,930
of which Remuneration and social security: -€3,782
- Current portion of long-term debt -€5,794
down €5,794 (-51.4%), from €11,276 to €5,482
- Gross operating margin -€15,661
down €15,661 (-33.2%), from €47,139 to €31,478
- Staff costs +€3,102
up €3,102 (+47.7%), from €6,503 to €9,606
- Depreciation -€2,697
down €2,697 (-17.4%), from €15,490 to €12,792
- Taxes -€2,339
down €2,339 (-56.7%), from €4,122 to €1,783
- Financial charges -€2,003
down €2,003 (-53.8%), from €3,722 to €1,719
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,664 | €307,138 | -€67,527 | -18.0% |
| Fixed assets | 21/28 | €74,611 | €47,700 | -€26,911 | -36.1% |
| Tangible fixed assets | 22/27 | €74,011 | €47,100 | -€26,911 | -36.4% |
| Plant, machinery and equipment | 23 | €226 | €88 | -€137 | -60.9% |
| Furniture and vehicles | 24 | €45,397 | €22,899 | -€22,498 | -49.6% |
| Other tangible fixed assets | 26 | €28,388 | €24,113 | -€4,275 | -15.1% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €300,053 | €259,437 | -€40,616 | -13.5% |
| Stocks and contracts in progress | 3 | €29,160 | €24,960 | -€4,200 | -14.4% |
| Stocks | 30/36 | €29,160 | €24,960 | -€4,200 | -14.4% |
| Amounts receivable within one year | 40/41 | €220,107 | €213,916 | -€6,191 | -2.8% |
| Trade receivables | 40 | €215,312 | €212,469 | -€2,843 | -1.3% |
| Other amounts receivable | 41 | €4,795 | €1,447 | -€3,348 | -69.8% |
| Cash at bank and in hand | 54/58 | €49,988 | €18,151 | -€31,837 | -63.7% |
| Deferred charges and accrued income | 490/1 | €798 | €2,410 | +€1,612 | +202% |
| Total equity and liabilities | 10/49 | €374,664 | €307,138 | -€67,527 | -18.0% |
| Equity | 10/15 | €20,628 | €25,613 | +€4,984 | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,028 | €7,013 | +€4,984 | +246% |
| Amounts payable | 17/49 | €354,036 | €281,525 | -€72,511 | -20.5% |
| Amounts payable after more than one year | 17 | €120,875 | €89,422 | -€31,453 | -26.0% |
| Financial debts | 170/4 | €29,775 | €18,322 | -€11,453 | -38.5% |
| Other amounts payable | 178/9 | €91,100 | €71,100 | -€20,000 | -22.0% |
| Amounts payable within one year | 42/48 | €205,994 | €189,603 | -€16,391 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €11,276 | €5,482 | -€5,794 | -51.4% |
| Trade debts | 44 | €159,974 | €161,751 | +€1,777 | +1.1% |
| Suppliers | 440/4 | €159,974 | €161,751 | +€1,777 | +1.1% |
| Taxes, remuneration and social security | 45 | €11,093 | €4,930 | -€6,163 | -55.6% |
| Taxes | 450/3 | €4,973 | €2,591 | -€2,382 | -47.9% |
| Remuneration and social security | 454/9 | €6,120 | €2,338 | -€3,782 | -61.8% |
| Other amounts payable | 47/48 | €23,651 | €17,440 | -€6,211 | -26.3% |
| Accrued charges and deferred income | 492/3 | €27,167 | €2,500 | -€24,667 | -90.8% |
| Remuneration, social security and pensions | 62 | €6,503 | €9,606 | +€3,102 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,490 | €12,792 | -€2,697 | -17.4% |
| Other operating charges | 640/8 | €1,311 | €594 | -€717 | -54.7% |
| Gross operating margin | 9900 | €47,139 | €31,478 | -€15,661 | -33.2% |
| Operating profit (loss) | 9901 | €23,835 | €8,487 | -€15,349 | -64.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,722 | €1,719 | -€2,003 | -53.8% |
| Recurring financial charges | 65 | €3,722 | €1,719 | -€2,003 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €20,113 | €6,768 | -€13,345 | -66.4% |
| Income taxes | 67/77 | €4,122 | €1,783 | -€2,339 | -56.7% |
| Profit (loss) for the period | 9904 | €15,991 | €4,984 | -€11,006 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,991 | €4,984 | -€11,006 | -68.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.