SANITHERM: 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.
SANITHERM
Largest movements
- Tangible fixed assets +€49,815
up €49,815 (+465.4%), from €10,704 to €60,519
of which Leasing and similar rights: +€39,638
- Receivables within one year -€15,767
down €15,767 (-10.4%), from €151,676 to €135,909
of which Trade receivables: -€23,396
- Cash +€13,397
up €13,397 (+520.0%), from €2,576 to €15,973
mainly Debts after one year (+€35,935) and Receivables within one year (+€15,767)
- Deferred charges and accrued income -€3,224
down €3,224 (-17.7%), from €18,245 to €15,021
- Debts after one year +€35,935
new in 2025: €35,935
- Trade debts -€15,679
down €15,679 (-31.3%), from €50,123 to €34,444
of which Bills of exchange payable: -€23,291
- Profit (loss) carried forward +€15,267
up €15,267 (+12.8%), from €119,247 to €134,514
- Current portion of long-term debt +€8,697
up €8,697 (+261.1%), from €3,331 to €12,028
- Turnover -€409,714
no longer reported in 2025 (was €409,714)
- Purchases and services -€374,919
no longer reported in 2025 (was €374,919)
- Gross operating margin +€5,814
up €5,814 (+16.1%), from €36,184 to €41,999
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 | €183,202 | €227,422 | +€44,221 | +24.1% |
| Fixed assets | 21/28 | €10,704 | €60,519 | +€49,815 | +465.4% |
| Tangible fixed assets | 22/27 | €10,704 | €60,519 | +€49,815 | +465.4% |
| Plant, machinery and equipment | 23 | €4,056 | €1,890 | -€2,165 | -53.4% |
| Furniture and vehicles | 24 | €6,649 | €18,991 | +€12,342 | +185.6% |
| Leasing and similar rights | 25 | - | €39,638 | +€39,638 | |
| Current assets | 29/58 | €172,497 | €166,903 | -€5,594 | -3.2% |
| Amounts receivable within one year | 40/41 | €151,676 | €135,909 | -€15,767 | -10.4% |
| Trade receivables | 40 | €122,941 | €99,544 | -€23,396 | -19.0% |
| Other amounts receivable | 41 | €28,736 | €36,365 | +€7,629 | +26.6% |
| Cash at bank and in hand | 54/58 | €2,576 | €15,973 | +€13,397 | +520.0% |
| Deferred charges and accrued income | 490/1 | €18,245 | €15,021 | -€3,224 | -17.7% |
| Total equity and liabilities | 10/49 | €183,202 | €227,422 | +€44,221 | +24.1% |
| Equity | 10/15 | €124,747 | €140,014 | +€15,267 | +12.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | €119,247 | €134,514 | +€15,267 | +12.8% |
| Amounts payable | 17/49 | €58,454 | €87,408 | +€28,954 | +49.5% |
| Amounts payable after more than one year | 17 | - | €35,935 | +€35,935 | |
| Financial debts | 170/4 | - | €35,935 | +€35,935 | |
| Amounts payable within one year | 42/48 | €58,454 | €51,473 | -€6,982 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €3,331 | €12,028 | +€8,697 | +261.1% |
| Trade debts | 44 | €50,123 | €34,444 | -€15,679 | -31.3% |
| Suppliers | 440/4 | €21,386 | €28,999 | +€7,612 | +35.6% |
| Bills of exchange payable | 441 | €28,737 | €5,446 | -€23,291 | -81.1% |
| Taxes, remuneration and social security | 45 | €5,000 | €5,000 | = | 0.0% |
| Taxes | 450/3 | €5,000 | €5,000 | = | 0.0% |
| Turnover | 70 | €409,714 | - | -€409,714 | |
| Goods, raw materials, services and sundry goods | 60/61 | €374,919 | - | -€374,919 | |
| Remuneration, social security and pensions | 62 | €4,010 | €4,296 | +€286 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,584 | €10,588 | +€4,005 | +60.8% |
| Other operating charges | 640/8 | €1,149 | €2,168 | +€1,019 | +88.7% |
| Gross operating margin | 9900 | €36,184 | €41,999 | +€5,814 | +16.1% |
| Operating profit (loss) | 9901 | €24,442 | €24,946 | +€504 | +2.1% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €3,009 | €4,422 | +€1,413 | +47.0% |
| Recurring financial charges | 65 | €3,009 | €4,422 | +€1,413 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €21,433 | €20,541 | -€891 | -4.2% |
| Income taxes | 67/77 | €5,232 | €5,274 | +€43 | +0.8% |
| Profit (loss) for the period | 9904 | €16,201 | €15,267 | -€934 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,201 | €15,267 | -€934 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.