Sanivera: 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.
Sanivera
Largest movements
- Cash -€21,250
down €21,250 (-50.4%), from €42,145 to €20,895
mainly Net result for the year (-€37,038) and Current investments (-€3,297)
- Stocks and contracts -€15,480
down €15,480 (-5.8%), from €266,189 to €250,709
- Reserves -€37,038
down €37,038 (-5.6%), from €661,406 to €624,368
- Gross operating margin -€7,840
down €7,840 (-25.1%), from -€31,288 to -€39,128
- Financial charges -€5,245
down €5,245 (-87.3%), from €6,009 to €764
- Financial income -€1,099
down €1,099 (-15.6%), from €7,047 to €5,948
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 | €690,290 | €650,002 | -€40,288 | -5.8% |
| Fixed assets | 21/28 | €26,101 | €25,768 | -€333 | -1.3% |
| Tangible fixed assets | 22/27 | €26,101 | €25,768 | -€333 | -1.3% |
| Land and buildings | 22 | €26,101 | €25,768 | -€333 | -1.3% |
| Current assets | 29/58 | €664,189 | €624,234 | -€39,955 | -6.0% |
| Stocks and contracts in progress | 3 | €266,189 | €250,709 | -€15,480 | -5.8% |
| Stocks | 30/36 | €266,189 | €250,709 | -€15,480 | -5.8% |
| Amounts receivable within one year | 40/41 | €8,018 | €1,305 | -€6,714 | -83.7% |
| Trade receivables | 40 | €8,018 | €1,305 | -€6,714 | -83.7% |
| Current investments | 50/53 | €347,836 | €351,133 | +€3,297 | +0.9% |
| Cash at bank and in hand | 54/58 | €42,145 | €20,895 | -€21,250 | -50.4% |
| Deferred charges and accrued income | 490/1 | - | €192 | +€192 | |
| Total equity and liabilities | 10/49 | €690,290 | €650,002 | -€40,288 | -5.8% |
| Equity | 10/15 | €680,006 | €642,968 | -€37,038 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €661,406 | €624,368 | -€37,038 | -5.6% |
| Distributable reserves | 133 | €661,406 | €624,368 | -€37,038 | -5.6% |
| Amounts payable | 17/49 | €10,284 | €7,034 | -€3,250 | -31.6% |
| Amounts payable after more than one year | 17 | €4,801 | €4,801 | = | 0.0% |
| Financial debts | 170/4 | €4,801 | €4,801 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,483 | €2,233 | -€3,250 | -59.3% |
| Trade debts | 44 | €4,139 | €1,034 | -€3,104 | -75.0% |
| Suppliers | 440/4 | €4,139 | €1,034 | -€3,104 | -75.0% |
| Taxes, remuneration and social security | 45 | €1,344 | €1,199 | -€146 | -10.8% |
| Taxes | 450/3 | €1,344 | €1,199 | -€146 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €333 | +€207 | +164% |
| Other operating charges | 640/8 | €1,223 | €1,347 | +€124 | +10.2% |
| Gross operating margin | 9900 | -€31,288 | -€39,128 | -€7,840 | -25.1% |
| Operating profit (loss) | 9901 | -€32,637 | -€40,808 | -€8,172 | -25.0% |
| Financial income | 75/76B | €7,047 | €5,948 | -€1,099 | -15.6% |
| Recurring financial income | 75 | €7,047 | €5,948 | -€1,099 | -15.6% |
| Financial charges | 65/66B | €6,009 | €764 | -€5,245 | -87.3% |
| Recurring financial charges | 65 | €6,009 | €764 | -€5,245 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,599 | -€35,625 | -€4,026 | -12.7% |
| Income taxes | 67/77 | €1,560 | €1,413 | -€146 | -9.4% |
| Profit (loss) for the period | 9904 | -€33,159 | -€37,038 | -€3,879 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,159 | -€37,038 | -€3,879 | -11.7% |
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 19 October 2026 via checked.be.