SANITECH VERHEYEN: what changed
SANITECH VERHEYEN
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€33,353
up €33,353 (+175%), from €19,035 to €52,388
of which Trade receivables: +€30,155
- Stocks and contracts -€6,308
down €6,308 (-23.8%), from €26,488 to €20,180
- Cash +€5,670
up €5,670 (+11.8%), from €47,966 to €53,636
mainly Current investments (+€50,000) and Net result for the year (+€6,623)
- Tangible fixed assets -€5,311
down €5,311 (-32.0%), from €16,606 to €11,295
of which Furniture and vehicles: -€3,410
- Debts after one year -€35,000
no longer reported in 2025 (was €35,000)
- Profit (loss) carried forward +€6,623
up €6,623 (+199%), from €3,335 to €9,957
- Tax, wage and social debts +€4,265
up €4,265 (+105%), from €4,050 to €8,315
- Trade debts +€2,810
up €2,810 (+366%), from €769 to €3,579
- Depreciation -€3,510
down €3,510 (-39.8%), from €8,821 to €5,311
- Gross operating margin +€3,384
up €3,384 (+35.1%), from €9,652 to €13,036
- Financial income +€2,126
up €2,126 (+347%), from €613 to €2,739
- Financial charges +€1,958
up €1,958 (+226%), from €867 to €2,825
- Other operating charges +€342
up €342 (+51.1%), from €668 to €1,010
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 | €162,292 | €139,741 | -€22,551 | -13.9% |
| Fixed assets | 21/28 | €16,606 | €11,295 | -€5,311 | -32.0% |
| Tangible fixed assets | 22/27 | €16,606 | €11,295 | -€5,311 | -32.0% |
| Plant, machinery and equipment | 23 | €6,979 | €5,078 | -€1,901 | -27.2% |
| Furniture and vehicles | 24 | €9,627 | €6,217 | -€3,410 | -35.4% |
| Current assets | 29/58 | €145,686 | €128,446 | -€17,240 | -11.8% |
| Stocks and contracts in progress | 3 | €26,488 | €20,180 | -€6,308 | -23.8% |
| Stocks | 30/36 | €26,488 | €20,180 | -€6,308 | -23.8% |
| Amounts receivable within one year | 40/41 | €19,035 | €52,388 | +€33,353 | +175% |
| Trade receivables | 40 | €11,867 | €42,022 | +€30,155 | +254% |
| Other amounts receivable | 41 | €7,168 | €10,366 | +€3,198 | +44.6% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €47,966 | €53,636 | +€5,670 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,241 | +€45 | +2.0% |
| Total equity and liabilities | 10/49 | €162,292 | €139,741 | -€22,551 | -13.9% |
| Equity | 10/15 | €40,357 | €46,980 | +€6,623 | +16.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €18,473 | €18,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €16,618 | €18,473 | +€1,855 | +11.2% |
| Profit (loss) carried forward | 14 | €3,335 | €9,957 | +€6,623 | +199% |
| Amounts payable | 17/49 | €121,935 | €92,761 | -€29,174 | -23.9% |
| Amounts payable after more than one year | 17 | €35,000 | - | -€35,000 | |
| Financial debts | 170/4 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €86,935 | €92,761 | +€5,826 | +6.7% |
| Trade debts | 44 | €769 | €3,579 | +€2,810 | +366% |
| Suppliers | 440/4 | €769 | €3,579 | +€2,810 | +366% |
| Taxes, remuneration and social security | 45 | €4,050 | €8,315 | +€4,265 | +105% |
| Taxes | 450/3 | €4,050 | €8,315 | +€4,265 | +105% |
| Other amounts payable | 47/48 | €82,116 | €80,867 | -€1,249 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,821 | €5,311 | -€3,510 | -39.8% |
| Other operating charges | 640/8 | €668 | €1,010 | +€342 | +51.1% |
| Gross operating margin | 9900 | €9,652 | €13,036 | +€3,384 | +35.1% |
| Operating profit (loss) | 9901 | €163 | €6,715 | +€6,552 | +4,030% |
| Financial income | 75/76B | €613 | €2,739 | +€2,126 | +347% |
| Recurring financial income | 75 | €613 | €2,739 | +€2,126 | +347% |
| Financial charges | 65/66B | €867 | €2,825 | +€1,958 | +226% |
| Recurring financial charges | 65 | €867 | €2,825 | +€1,958 | +226% |
| Profit (loss) for the period before taxes | 9903 | -€92 | €6,629 | +€6,721 | |
| Income taxes | 67/77 | €18 | €6 | -€12 | -66.7% |
| Profit (loss) for the period | 9904 | -€110 | €6,623 | +€6,733 | |
| Profit (loss) for the period to be appropriated | 9905 | -€110 | €6,623 | +€6,733 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.