SANITHERME EUPEN: 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.
SANITHERME EUPEN
Largest movements
- Tangible fixed assets -€46,421
down €46,421 (-13.6%), from €340,152 to €293,731
of which Land and buildings: -€46,670
- Receivables within one year +€23,582
up €23,582 (+34.2%), from €69,031 to €92,613
of which Trade receivables: +€23,582
- Cash -€8,653
down €8,653 (-19.0%), from €45,647 to €36,994
mainly Debts after one year (-€63,458) and Receivables within one year (-€23,582)
- Debts after one year -€63,458
down €63,458 (-15.3%), from €414,705 to €351,247
- Short-term financial debts +€40,000
up €40,000 (+25.0%), from €160,000 to €200,000
- Current portion of long-term debt -€14,158
down €14,158 (-13.9%), from €101,810 to €87,652
- Other debts -€10,035
down €10,035 (-79.4%), from €12,631 to €2,596
- Profit (loss) carried forward +€6,584
up €6,584 (+4.0%), from -€164,422 to -€157,838
- Depreciation -€3,775
down €3,775 (-7.1%), from €53,182 to €49,407
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 | €636,277 | €601,044 | -€35,233 | -5.5% |
| Fixed assets | 21/28 | €340,886 | €294,465 | -€46,421 | -13.6% |
| Tangible fixed assets | 22/27 | €340,152 | €293,731 | -€46,421 | -13.6% |
| Land and buildings | 22 | €328,795 | €282,125 | -€46,670 | -14.2% |
| Plant, machinery and equipment | 23 | €10,521 | €8,035 | -€2,486 | -23.6% |
| Furniture and vehicles | 24 | €836 | €3,571 | +€2,735 | +327% |
| Financial fixed assets | 28 | €734 | €734 | = | 0.0% |
| Current assets | 29/58 | €295,391 | €306,579 | +€11,188 | +3.8% |
| Stocks and contracts in progress | 3 | €180,713 | €176,827 | -€3,886 | -2.2% |
| Stocks | 30/36 | €180,713 | €176,827 | -€3,886 | -2.2% |
| Amounts receivable within one year | 40/41 | €69,031 | €92,613 | +€23,582 | +34.2% |
| Trade receivables | 40 | €66,601 | €90,183 | +€23,582 | +35.4% |
| Other amounts receivable | 41 | €2,430 | €2,430 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,647 | €36,994 | -€8,653 | -19.0% |
| Deferred charges and accrued income | 490/1 | - | €145 | +€145 | |
| Total equity and liabilities | 10/49 | €636,277 | €601,044 | -€35,233 | -5.5% |
| Equity | 10/15 | -€74,222 | -€67,638 | +€6,584 | +8.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €15,200 | €15,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,700 | €7,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,422 | -€157,838 | +€6,584 | +4.0% |
| Amounts payable | 17/49 | €710,499 | €668,682 | -€41,818 | -5.9% |
| Amounts payable after more than one year | 17 | €414,705 | €351,247 | -€63,458 | -15.3% |
| Financial debts | 170/4 | €414,705 | €351,247 | -€63,458 | -15.3% |
| Amounts payable within one year | 42/48 | €295,795 | €317,435 | +€21,640 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €101,810 | €87,652 | -€14,158 | -13.9% |
| Financial debts | 43 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Credit institutions | 430/8 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Trade debts | 44 | €21,188 | €24,620 | +€3,433 | +16.2% |
| Suppliers | 440/4 | €21,188 | €24,620 | +€3,433 | +16.2% |
| Taxes, remuneration and social security | 45 | €166 | €2,567 | +€2,401 | +1,443% |
| Taxes | 450/3 | €166 | €2,567 | +€2,401 | +1,443% |
| Other amounts payable | 47/48 | €12,631 | €2,596 | -€10,035 | -79.4% |
| Remuneration, social security and pensions | 62 | €674 | €1,336 | +€662 | +98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,182 | €49,407 | -€3,775 | -7.1% |
| Other operating charges | 640/8 | €20,976 | €21,814 | +€837 | +4.0% |
| Non-recurring operating charges | 66A | €100 | €404 | +€304 | +304% |
| Gross operating margin | 9900 | €120,265 | €119,558 | -€706 | -0.6% |
| Operating profit (loss) | 9901 | €45,332 | €46,598 | +€1,266 | +2.8% |
| Financial income | 75/76B | €2 | €102 | +€100 | +6,077% |
| Recurring financial income | 75 | €2 | €102 | +€100 | +6,077% |
| Financial charges | 65/66B | €39,816 | €40,116 | +€300 | +0.8% |
| Recurring financial charges | 65 | €39,816 | €40,116 | +€300 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €5,518 | €6,584 | +€1,066 | +19.3% |
| Profit (loss) for the period | 9904 | €5,518 | €6,584 | +€1,066 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,518 | €6,584 | +€1,066 | +19.3% |
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 21 October 2026 via checked.be.