SANITHERM: what changed
What changed
SANITHERM
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
€59,720
2023 · €10,575+€49,145
Equity
€540,382
2023 · €484,162+€56,220
Cash
€83,966
2023 · €186,594-€102,628
Balance sheet total
€1.9m
2023 · €1.5m+€383,279
Largest movements
Assets
- Tangible fixed assets +€283,195
up €283,195 (+98.7%), from €286,925 to €570,120
of which Land and buildings: +€304,560
- Stocks and contracts +€197,768
up €197,768 (+29.7%), from €665,451 to €863,220
of which Stocks: +€178,137
- Cash -€102,628
down €102,628 (-55.0%), from €186,594 to €83,966
mainly Investment in fixed assets (net) (-€327,911) and Stocks and contracts (-€197,768)
Equity and liabilities
- Short-term financial debts +€285,000
up €285,000 (+73.3%), from €389,000 to €674,000
- Trade debts +€83,460
up €83,460 (+40.1%), from €208,183 to €291,643
- Reserves +€56,220
up €56,220 (+12.4%), from €451,860 to €508,080
of which Distributable reserves: +€56,220
- Debts after one year -€36,735
down €36,735 (-12.5%), from €292,861 to €256,126
Income statement
- Gross operating margin +€131,575
up €131,575 (+40.3%), from €326,520 to €458,095
- Staff costs +€51,515
up €51,515 (+24.7%), from €208,523 to €260,038
- Taxes +€19,079
up €19,079 (+276%), from €6,912 to €25,991
- Depreciation +€7,041
up €7,041 (+18.7%), from €37,675 to €44,716
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€10,575
Gross operating margin
+€131,575
Staff costs
-€51,515
Depreciation
-€7,041
Other operating charges
-€1,407
Financial income
-€1,589
Financial charges
-€1,799
Taxes
-€19,079
Result 2024
€59,720
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€23,851
Investment
-€324,478
Financing
+€245,701
Cash 2023
€186,594
From operations (derived)
-€23,851
Net result for the year
+€59,720
Depreciation
+€44,716
Stocks and contracts
-€197,768
Receivables within one year
-€7,018
Deferred charges and accrued income
-€1,358
Trade debts
+€83,460
Tax, wage and social debts
+€7,324
Other debts
-€12,926
Investment (derived)
-€324,478
Investment in fixed assets (net)
-€327,911
Current investments
+€3,433
Financing
+€245,701
Debts after one year
-€36,735
Current portion of long-term debt
+€936
Short-term financial debts
+€285,000
Contributions, distributions and other
-€3,500
Cash 2024
€83,966
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,481,792 | €1,865,070 | +€383,279 | +25.9% |
| Fixed assets | 21/28 | €287,775 | €570,970 | +€283,195 | +98.4% |
| Tangible fixed assets | 22/27 | €286,925 | €570,120 | +€283,195 | +98.7% |
| Land and buildings | 22 | €220,504 | €525,064 | +€304,560 | +138% |
| Plant, machinery and equipment | 23 | €24,817 | €13,653 | -€11,164 | -45.0% |
| Furniture and vehicles | 24 | €40,069 | €30,043 | -€10,026 | -25.0% |
| Other tangible fixed assets | 26 | €1,536 | €1,360 | -€175 | -11.4% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €1,194,016 | €1,294,100 | +€100,084 | +8.4% |
| Stocks and contracts in progress | 3 | €665,451 | €863,220 | +€197,768 | +29.7% |
| Stocks | 30/36 | €635,451 | €813,588 | +€178,137 | +28.0% |
| Contracts in progress | 37 | €30,000 | €49,632 | +€19,632 | +65.4% |
| Amounts receivable within one year | 40/41 | €331,110 | €338,127 | +€7,018 | +2.1% |
| Trade receivables | 40 | €240,602 | €263,541 | +€22,939 | +9.5% |
| Other amounts receivable | 41 | €90,508 | €74,586 | -€15,922 | -17.6% |
| Current investments | 50/53 | €3,433 | - | -€3,433 | |
| Cash at bank and in hand | 54/58 | €186,594 | €83,966 | -€102,628 | -55.0% |
| Deferred charges and accrued income | 490/1 | €7,429 | €8,787 | +€1,358 | +18.3% |
| Total equity and liabilities | 10/49 | €1,481,792 | €1,865,070 | +€383,279 | +25.9% |
| Equity | 10/15 | €484,162 | €540,382 | +€56,220 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €451,860 | €508,080 | +€56,220 | +12.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €450,000 | €506,220 | +€56,220 | +12.5% |
| Profit (loss) carried forward | 14 | €26,102 | €26,102 | = | 0.0% |
| Amounts payable | 17/49 | €997,629 | €1,324,688 | +€327,059 | +32.8% |
| Amounts payable after more than one year | 17 | €292,861 | €256,126 | -€36,735 | -12.5% |
| Financial debts | 170/4 | €292,861 | €256,126 | -€36,735 | -12.5% |
| Amounts payable within one year | 42/48 | €704,768 | €1,068,562 | +€363,794 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €35,799 | €36,735 | +€936 | +2.6% |
| Financial debts | 43 | €389,000 | €674,000 | +€285,000 | +73.3% |
| Credit institutions | 430/8 | €389,000 | €674,000 | +€285,000 | +73.3% |
| Trade debts | 44 | €208,183 | €291,643 | +€83,460 | +40.1% |
| Suppliers | 440/4 | €208,183 | €291,643 | +€83,460 | +40.1% |
| Taxes, remuneration and social security | 45 | €26,679 | €34,003 | +€7,324 | +27.5% |
| Taxes | 450/3 | €12,018 | €33,407 | +€21,389 | +178% |
| Remuneration and social security | 454/9 | €14,662 | €596 | -€14,065 | -95.9% |
| Other amounts payable | 47/48 | €45,106 | €32,180 | -€12,926 | -28.7% |
| Non-recurring operating income | 76A | €38,183 | - | -€38,183 | |
| Remuneration, social security and pensions | 62 | €208,523 | €260,038 | +€51,515 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,675 | €44,716 | +€7,041 | +18.7% |
| Other operating charges | 640/8 | €9,625 | €11,032 | +€1,407 | +14.6% |
| Gross operating margin | 9900 | €326,520 | €458,095 | +€131,575 | +40.3% |
| Operating profit (loss) | 9901 | €70,697 | €142,309 | +€71,612 | +101% |
| Financial income | 75/76B | €2,469 | €880 | -€1,589 | -64.4% |
| Recurring financial income | 75 | €2,469 | €880 | -€1,589 | -64.4% |
| Financial charges | 65/66B | €55,679 | €57,478 | +€1,799 | +3.2% |
| Recurring financial charges | 65 | €55,679 | €57,478 | +€1,799 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €17,487 | €85,711 | +€68,224 | +390% |
| Income taxes | 67/77 | €6,912 | €25,991 | +€19,079 | +276% |
| Profit (loss) for the period | 9904 | €10,575 | €59,720 | +€49,145 | +465% |
| Profit (loss) for the period to be appropriated | 9905 | €10,575 | €59,720 | +€49,145 | +465% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.