SANITEC: 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.
SANITEC
Largest movements
- Receivables within one year -€88,633
down €88,633 (-81.4%), from €108,851 to €20,218
of which Other amounts receivable: -€90,713
- Stocks and contracts -€12,350
down €12,350 (-5.0%), from €246,741 to €234,391
- Tangible fixed assets -€9,193
down €9,193 (-41.4%), from €22,215 to €13,022
of which Furniture and vehicles: -€5,856
- Cash +€6,525
up €6,525 (+56.2%), from €11,603 to €18,127
mainly Receivables within one year (+€88,633) and Stocks and contracts (+€12,350)
- Profit (loss) carried forward -€43,234
down €43,234 (-101%), from -€42,761 to -€85,996
- Trade debts -€37,963
down €37,963 (-87.7%), from €43,274 to €5,311
- Other debts -€18,559
down €18,559 (-10.5%), from €177,277 to €158,719
- Debts after one year -€5,000
down €5,000 (-100%), from €5,000 to €0
- Other operating charges +€43,656
up €43,656 (+1,415%), from €3,086 to €46,741
- Gross operating margin +€35,852
up €35,852, from -€19,786 to €16,065
- Depreciation -€6,691
down €6,691 (-42.8%), from €15,624 to €8,933
- Financial income -€6,653
down €6,653 (-94.0%), from €7,075 to €422
- Taxes +€2,777
new in 2025: €2,777
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 | €389,409 | €285,759 | -€103,650 | -26.6% |
| Fixed assets | 21/28 | €22,215 | €13,022 | -€9,193 | -41.4% |
| Tangible fixed assets | 22/27 | €22,215 | €13,022 | -€9,193 | -41.4% |
| Land and buildings | 22 | €5,616 | €3,744 | -€1,872 | -33.3% |
| Plant, machinery and equipment | 23 | €639 | €46 | -€593 | -92.8% |
| Furniture and vehicles | 24 | €10,887 | €5,031 | -€5,856 | -53.8% |
| Other tangible fixed assets | 26 | €5,073 | €4,201 | -€872 | -17.2% |
| Current assets | 29/58 | €367,195 | €272,737 | -€94,458 | -25.7% |
| Stocks and contracts in progress | 3 | €246,741 | €234,391 | -€12,350 | -5.0% |
| Stocks | 30/36 | €246,741 | €234,391 | -€12,350 | -5.0% |
| Amounts receivable within one year | 40/41 | €108,851 | €20,218 | -€88,633 | -81.4% |
| Trade receivables | 40 | €13,656 | €15,735 | +€2,080 | +15.2% |
| Other amounts receivable | 41 | €95,195 | €4,483 | -€90,713 | -95.3% |
| Cash at bank and in hand | 54/58 | €11,603 | €18,127 | +€6,525 | +56.2% |
| Total equity and liabilities | 10/49 | €389,409 | €285,759 | -€103,650 | -26.6% |
| Equity | 10/15 | €160,146 | €116,912 | -€43,234 | -27.0% |
| Contributions | 10/11 | €87,200 | €89,060 | +€1,860 | +2.1% |
| Capital | 10 | €87,200 | - | -€87,200 | |
| Issued capital | 100 | €99,600 | - | -€99,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €115,707 | €113,847 | -€1,860 | -1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €5,226 | €5,226 | = | 0.0% |
| Distributable reserves | 133 | €108,621 | €108,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,761 | -€85,996 | -€43,234 | -101% |
| Amounts payable | 17/49 | €229,263 | €168,847 | -€60,416 | -26.4% |
| Amounts payable after more than one year | 17 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 178/9 | €5,000 | €0 | -€5,000 | -100% |
| Amounts payable within one year | 42/48 | €224,263 | €168,847 | -€55,416 | -24.7% |
| Trade debts | 44 | €43,274 | €5,311 | -€37,963 | -87.7% |
| Suppliers | 440/4 | €43,274 | €5,311 | -€37,963 | -87.7% |
| Taxes, remuneration and social security | 45 | €3,713 | €4,818 | +€1,106 | +29.8% |
| Taxes | 450/3 | €3,713 | €4,783 | +€1,070 | +28.8% |
| Remuneration and social security | 454/9 | - | €36 | +€36 | |
| Other amounts payable | 47/48 | €177,277 | €158,719 | -€18,559 | -10.5% |
| Remuneration, social security and pensions | 62 | €939 | €0 | -€939 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,624 | €8,933 | -€6,691 | -42.8% |
| Other operating charges | 640/8 | €3,086 | €46,741 | +€43,656 | +1,415% |
| Gross operating margin | 9900 | -€19,786 | €16,065 | +€35,852 | |
| Operating profit (loss) | 9901 | -€39,435 | -€39,609 | -€174 | -0.4% |
| Financial income | 75/76B | €7,075 | €422 | -€6,653 | -94.0% |
| Recurring financial income | 75 | €7,075 | €422 | -€6,653 | -94.0% |
| Financial charges | 65/66B | €152 | €1,271 | +€1,119 | +737% |
| Recurring financial charges | 65 | €152 | €1,271 | +€1,119 | +737% |
| Profit (loss) for the period before taxes | 9903 | -€32,512 | -€40,458 | -€7,946 | -24.4% |
| Income taxes | 67/77 | - | €2,777 | +€2,777 | |
| Profit (loss) for the period | 9904 | -€32,512 | -€43,234 | -€10,723 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,512 | -€43,234 | -€10,723 | -33.0% |
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.