SANIVO: 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.
SANIVO
Largest movements
- Tangible fixed assets -€55,861
down €55,861 (-6.0%), from €934,053 to €878,192
of which Plant, machinery and equipment: -€31,288
- Receivables within one year +€25,780
up €25,780 (+10.0%), from €257,300 to €283,080
of which Other amounts receivable: +€25,600
- Current portion of long-term debt -€86,474
no longer reported in 2025 (was €86,474)
- Debts after one year +€79,463
up €79,463 (+16.0%), from €497,931 to €577,394
- Other debts -€14,639
down €14,639 (-3.8%), from €388,001 to €373,362
- Gross operating margin -€50,205
down €50,205 (-40.3%), from €124,558 to €74,352
- Other operating charges -€11,347
down €11,347 (-76.3%), from €14,867 to €3,521
- Financial charges -€1,903
down €1,903 (-10.0%), from €19,021 to €17,119
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 | €1,228,597 | €1,198,316 | -€30,280 | -2.5% |
| Fixed assets | 21/28 | €934,053 | €878,192 | -€55,861 | -6.0% |
| Tangible fixed assets | 22/27 | €934,053 | €878,192 | -€55,861 | -6.0% |
| Land and buildings | 22 | €841,265 | €818,296 | -€22,968 | -2.7% |
| Plant, machinery and equipment | 23 | €85,288 | €53,999 | -€31,288 | -36.7% |
| Furniture and vehicles | 24 | €7,501 | €5,897 | -€1,605 | -21.4% |
| Current assets | 29/58 | €294,543 | €320,124 | +€25,581 | +8.7% |
| Stocks and contracts in progress | 3 | €34,859 | €34,859 | = | 0.0% |
| Stocks | 30/36 | €34,859 | €34,859 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €257,300 | €283,080 | +€25,780 | +10.0% |
| Trade receivables | 40 | €6,808 | €6,988 | +€180 | +2.6% |
| Other amounts receivable | 41 | €250,492 | €276,092 | +€25,600 | +10.2% |
| Cash at bank and in hand | 54/58 | - | €2,155 | +€2,155 | |
| Deferred charges and accrued income | 490/1 | €2,385 | €31 | -€2,354 | -98.7% |
| Total equity and liabilities | 10/49 | €1,228,597 | €1,198,316 | -€30,280 | -2.5% |
| Equity | 10/15 | €195,424 | €197,206 | +€1,782 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,824 | €178,606 | +€1,782 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,170 | €31,170 | = | 0.0% |
| Distributable reserves | 133 | €143,794 | €145,576 | +€1,782 | +1.2% |
| Amounts payable | 17/49 | €1,033,173 | €1,001,110 | -€32,063 | -3.1% |
| Amounts payable after more than one year | 17 | €497,931 | €577,394 | +€79,463 | +16.0% |
| Financial debts | 170/4 | €497,931 | €577,394 | +€79,463 | +16.0% |
| Amounts payable within one year | 42/48 | €535,242 | €423,716 | -€111,526 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €86,474 | - | -€86,474 | |
| Financial debts | 43 | €32,427 | €24,144 | -€8,283 | -25.5% |
| Credit institutions | 430/8 | €32,427 | €24,144 | -€8,283 | -25.5% |
| Trade debts | 44 | €12,441 | €9,510 | -€2,932 | -23.6% |
| Suppliers | 440/4 | €12,441 | €9,510 | -€2,932 | -23.6% |
| Taxes, remuneration and social security | 45 | €15,900 | €16,701 | +€801 | +5.0% |
| Taxes | 450/3 | €15,900 | €16,701 | +€801 | +5.0% |
| Other amounts payable | 47/48 | €388,001 | €373,362 | -€14,639 | -3.8% |
| Non-recurring operating income | 76A | €85,303 | - | -€85,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,984 | €55,861 | -€1,123 | -2.0% |
| Other operating charges | 640/8 | €14,867 | €3,521 | -€11,347 | -76.3% |
| Gross operating margin | 9900 | €124,558 | €74,352 | -€50,205 | -40.3% |
| Operating profit (loss) | 9901 | €52,706 | €14,971 | -€37,736 | -71.6% |
| Financial income | 75/76B | €3,636 | €3,931 | +€295 | +8.1% |
| Recurring financial income | 75 | €3,636 | €3,931 | +€295 | +8.1% |
| Financial charges | 65/66B | €19,021 | €17,119 | -€1,903 | -10.0% |
| Recurring financial charges | 65 | €19,021 | €17,119 | -€1,903 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €37,321 | €1,782 | -€35,539 | -95.2% |
| Profit (loss) for the period | 9904 | €37,321 | €1,782 | -€35,539 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,321 | €1,782 | -€35,539 | -95.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.