SANIVAN: 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.
SANIVAN
Largest movements
- Current investments -€149,384
down €149,384 (-74.3%), from €201,151 to €51,767
- Cash +€149,203
up €149,203 (+88.2%), from €169,176 to €318,379
mainly Current investments (+€149,384) and Depreciation (+€43,066)
- Tangible fixed assets +€27,591
up €27,591 (+7.9%), from €348,824 to €376,415
of which Furniture and vehicles: +€57,005
- Other debts +€17,059
up €17,059 (+5.1%), from €335,065 to €352,123
- Reserves +€10,969
up €10,969 (+5.3%), from €206,648 to €217,617
of which Distributable reserves: +€10,969
- Gross operating margin -€38,890
down €38,890 (-34.1%), from €114,135 to €75,245
- Taxes -€15,387
down €15,387 (-86.7%), from €17,750 to €2,364
- Financial income -€3,838
down €3,838 (-36.9%), from €10,391 to €6,553
- Depreciation +€2,916
up €2,916 (+7.3%), from €40,150 to €43,066
- Financial charges -€1,532
down €1,532 (-6.0%), from €25,444 to €23,913
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 | €814,159 | €837,357 | +€23,198 | +2.8% |
| Fixed assets | 21/28 | €348,858 | €376,415 | +€27,557 | +7.9% |
| Tangible fixed assets | 22/27 | €348,824 | €376,415 | +€27,591 | +7.9% |
| Land and buildings | 22 | €340,546 | €311,726 | -€28,820 | -8.5% |
| Plant, machinery and equipment | 23 | €703 | €109 | -€594 | -84.4% |
| Furniture and vehicles | 24 | €7,574 | €64,579 | +€57,005 | +753% |
| Financial fixed assets | 28 | €34 | - | -€34 | |
| Current assets | 29/58 | €465,301 | €460,942 | -€4,359 | -0.9% |
| Stocks and contracts in progress | 3 | €62,099 | €59,683 | -€2,415 | -3.9% |
| Stocks | 30/36 | €62,099 | €59,683 | -€2,415 | -3.9% |
| Amounts receivable within one year | 40/41 | €25,400 | €26,810 | +€1,410 | +5.5% |
| Trade receivables | 40 | €16,185 | €12,615 | -€3,571 | -22.1% |
| Other amounts receivable | 41 | €9,215 | €14,195 | +€4,980 | +54.0% |
| Current investments | 50/53 | €201,151 | €51,767 | -€149,384 | -74.3% |
| Cash at bank and in hand | 54/58 | €169,176 | €318,379 | +€149,203 | +88.2% |
| Deferred charges and accrued income | 490/1 | €7,475 | €4,302 | -€3,173 | -42.4% |
| Total equity and liabilities | 10/49 | €814,159 | €837,357 | +€23,198 | +2.8% |
| Equity | 10/15 | €456,066 | €467,035 | +€10,969 | +2.4% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €206,648 | €217,617 | +€10,969 | +5.3% |
| Tax-exempt reserves | 132 | €25,334 | €25,334 | = | 0.0% |
| Distributable reserves | 133 | €181,313 | €192,282 | +€10,969 | +6.0% |
| Profit (loss) carried forward | 14 | €130,818 | €130,818 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,914 | €5,713 | -€1,201 | -17.4% |
| Provisions for liabilities and charges | 160/5 | €6,914 | €5,713 | -€1,201 | -17.4% |
| Environmental obligations | 163 | €6,914 | €5,713 | -€1,201 | -17.4% |
| Amounts payable | 17/49 | €351,179 | €364,609 | +€13,430 | +3.8% |
| Amounts payable within one year | 42/48 | €350,035 | €364,366 | +€14,331 | +4.1% |
| Trade debts | 44 | €6,760 | €5,064 | -€1,695 | -25.1% |
| Suppliers | 440/4 | €6,760 | €5,064 | -€1,695 | -25.1% |
| Taxes, remuneration and social security | 45 | €8,211 | €7,179 | -€1,032 | -12.6% |
| Taxes | 450/3 | €8,211 | €7,179 | -€1,032 | -12.6% |
| Other amounts payable | 47/48 | €335,065 | €352,123 | +€17,059 | +5.1% |
| Accrued charges and deferred income | 492/3 | €1,143 | €243 | -€901 | -78.8% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,150 | €43,066 | +€2,916 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €483 | -€127 | -€611 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16 | -€1,201 | -€1,186 | -7,567% |
| Other operating charges | 640/8 | €2,837 | €2,814 | -€23 | -0.8% |
| Gross operating margin | 9900 | €114,135 | €75,245 | -€38,890 | -34.1% |
| Operating profit (loss) | 9901 | €70,679 | €30,693 | -€39,986 | -56.6% |
| Financial income | 75/76B | €10,391 | €6,553 | -€3,838 | -36.9% |
| Recurring financial income | 75 | €10,391 | €6,553 | -€3,838 | -36.9% |
| Financial charges | 65/66B | €25,444 | €23,913 | -€1,532 | -6.0% |
| Recurring financial charges | 65 | €25,444 | €23,913 | -€1,532 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €55,625 | €13,333 | -€42,292 | -76.0% |
| Income taxes | 67/77 | €17,750 | €2,364 | -€15,387 | -86.7% |
| Profit (loss) for the period | 9904 | €37,875 | €10,969 | -€26,906 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,875 | €10,969 | -€26,906 | -71.0% |
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 25 October 2026 via checked.be.