SANIVELLES: 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.
SANIVELLES
Largest movements
- Tangible fixed assets -€34,973
down €34,973 (-7.3%), from €479,071 to €444,098
of which Land and buildings: -€31,275
- Receivables within one year +€14,903
up €14,903 (+24.8%), from €60,029 to €74,932
- Debts after one year -€62,398
down €62,398 (-27.8%), from €224,378 to €161,980
- Other debts +€55,128
up €55,128 (+51.6%), from €106,777 to €161,905
- Reserves -€22,355
down €22,355 (-7.0%), from €318,455 to €296,100
of which Distributable reserves: -€22,355
- Gross operating margin +€23,423
up €23,423 (+17.3%), from €135,403 to €158,826
- Financial charges +€13,729
up €13,729 (+27.1%), from €50,689 to €64,418
of which Non-recurring financial charges: +€15,443
- Staff costs +€9,045
up €9,045 (+17.7%), from €51,225 to €60,270
- Depreciation -€3,080
down €3,080 (-7.1%), from €43,109 to €40,029
- Financial income -€2,751
down €2,751 (-14.8%), from €18,553 to €15,802
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 | €773,381 | €750,269 | -€23,112 | -3.0% |
| Fixed assets | 21/28 | €479,549 | €444,576 | -€34,973 | -7.3% |
| Tangible fixed assets | 22/27 | €479,071 | €444,098 | -€34,973 | -7.3% |
| Land and buildings | 22 | €419,575 | €388,300 | -€31,275 | -7.5% |
| Plant, machinery and equipment | 23 | €23,681 | €24,687 | +€1,006 | +4.2% |
| Furniture and vehicles | 24 | €35,815 | €31,111 | -€4,704 | -13.1% |
| Financial fixed assets | 28 | €478 | €478 | = | 0.0% |
| Current assets | 29/58 | €293,832 | €305,693 | +€11,861 | +4.0% |
| Stocks and contracts in progress | 3 | €180,311 | €179,159 | -€1,152 | -0.6% |
| Stocks | 30/36 | €180,311 | €179,159 | -€1,152 | -0.6% |
| Amounts receivable within one year | 40/41 | €60,029 | €74,932 | +€14,903 | +24.8% |
| Trade receivables | 40 | €60,029 | €74,932 | +€14,903 | +24.8% |
| Cash at bank and in hand | 54/58 | €53,492 | €50,768 | -€2,724 | -5.1% |
| Deferred charges and accrued income | 490/1 | - | €834 | +€834 | |
| Total equity and liabilities | 10/49 | €773,381 | €750,269 | -€23,112 | -3.0% |
| Equity | 10/15 | €344,544 | €316,531 | -€28,013 | -8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,455 | €296,100 | -€22,355 | -7.0% |
| 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 | €316,595 | €294,240 | -€22,355 | -7.1% |
| Investment grants | 15 | €7,489 | €1,831 | -€5,658 | -75.6% |
| Amounts payable | 17/49 | €428,837 | €433,738 | +€4,901 | +1.1% |
| Amounts payable after more than one year | 17 | €224,378 | €161,980 | -€62,398 | -27.8% |
| Financial debts | 170/4 | €224,378 | €161,980 | -€62,398 | -27.8% |
| Amounts payable within one year | 42/48 | €204,459 | €271,758 | +€67,299 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €60,586 | €62,398 | +€1,812 | +3.0% |
| Trade debts | 44 | €24,321 | €30,520 | +€6,199 | +25.5% |
| Suppliers | 440/4 | €24,321 | €30,520 | +€6,199 | +25.5% |
| Taxes, remuneration and social security | 45 | €12,775 | €16,935 | +€4,160 | +32.6% |
| Taxes | 450/3 | €6,463 | €11,060 | +€4,597 | +71.1% |
| Remuneration and social security | 454/9 | €6,312 | €5,875 | -€437 | -6.9% |
| Other amounts payable | 47/48 | €106,777 | €161,905 | +€55,128 | +51.6% |
| Non-recurring operating income | 76A | €60 | - | -€60 | |
| Remuneration, social security and pensions | 62 | €51,225 | €60,270 | +€9,045 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,109 | €40,029 | -€3,080 | -7.1% |
| Other operating charges | 640/8 | €9,582 | €9,141 | -€441 | -4.6% |
| Gross operating margin | 9900 | €135,403 | €158,826 | +€23,423 | +17.3% |
| Operating profit (loss) | 9901 | €31,487 | €49,386 | +€17,899 | +56.8% |
| Financial income | 75/76B | €18,553 | €15,802 | -€2,751 | -14.8% |
| Recurring financial income | 75 | €18,553 | €15,802 | -€2,751 | -14.8% |
| Financial charges | 65/66B | €50,689 | €64,418 | +€13,729 | +27.1% |
| Recurring financial charges | 65 | €8,945 | €7,231 | -€1,714 | -19.2% |
| Non-recurring financial charges | 66B | €41,744 | €57,187 | +€15,443 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€649 | €770 | +€1,419 | |
| Income taxes | 67/77 | €418 | €397 | -€21 | -5.0% |
| Profit (loss) for the period | 9904 | -€1,067 | €373 | +€1,440 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,067 | €373 | +€1,440 |
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 14 October 2026 via checked.be.