SANJAR: 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.
SANJAR
Largest movements
- Receivables within one year +€107,806
up €107,806 (+438.3%), from €24,595 to €132,400
of which Trade receivables: +€106,021
- Cash +€31,226
up €31,226 (+29.6%), from €105,473 to €136,700
mainly Trade debts (+€75,711) and Net result for the year (+€45,255)
- Tangible fixed assets +€10,337
up €10,337 (+108.2%), from €9,556 to €19,892
of which Plant, machinery and equipment: +€13,553
- Trade debts +€75,711
up €75,711 (+295.7%), from €25,605 to €101,316
- Profit (loss) carried forward +€45,255
up €45,255 (+55.2%), from €82,024 to €127,279
- Other debts +€20,546
up €20,546 (+1030.4%), from €1,994 to €22,540
- Tax, wage and social debts +€8,891
up €8,891 (+35.6%), from €25,001 to €33,892
- Gross operating margin -€41,449
down €41,449 (-39.4%), from €105,070 to €63,622
- Taxes -€11,442
down €11,442 (-50.8%), from €22,537 to €11,095
- Depreciation +€4,197
up €4,197 (+4460.1%), from €94 to €4,291
- Other operating charges +€2,138
up €2,138 (+552.0%), from €387 to €2,525
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.
Cash bridge derived
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 | €139,624 | €290,027 | +€150,403 | +107.7% |
| Fixed assets | 21/28 | €9,556 | €19,892 | +€10,337 | +108.2% |
| Tangible fixed assets | 22/27 | €9,556 | €19,892 | +€10,337 | +108.2% |
| Plant, machinery and equipment | 23 | - | €13,553 | +€13,553 | |
| Furniture and vehicles | 24 | €9,556 | €6,339 | -€3,216 | -33.7% |
| Current assets | 29/58 | €130,068 | €270,134 | +€140,066 | +107.7% |
| Amounts receivable within one year | 40/41 | €24,595 | €132,400 | +€107,806 | +438.3% |
| Trade receivables | 40 | €24,595 | €130,616 | +€106,021 | +431.1% |
| Other amounts receivable | 41 | - | €1,785 | +€1,785 | |
| Cash at bank and in hand | 54/58 | €105,473 | €136,700 | +€31,226 | +29.6% |
| Deferred charges and accrued income | 490/1 | - | €1,034 | +€1,034 | |
| Total equity and liabilities | 10/49 | €139,624 | €290,027 | +€150,403 | +107.7% |
| Equity | 10/15 | €87,024 | €132,279 | +€45,255 | +52.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,024 | €127,279 | +€45,255 | +55.2% |
| Amounts payable | 17/49 | €52,600 | €157,748 | +€105,148 | +199.9% |
| Amounts payable within one year | 42/48 | €52,600 | €157,748 | +€105,148 | +199.9% |
| Trade debts | 44 | €25,605 | €101,316 | +€75,711 | +295.7% |
| Suppliers | 440/4 | €25,605 | €101,316 | +€75,711 | +295.7% |
| Taxes, remuneration and social security | 45 | €25,001 | €33,892 | +€8,891 | +35.6% |
| Taxes | 450/3 | €25,001 | €33,892 | +€8,891 | +35.6% |
| Other amounts payable | 47/48 | €1,994 | €22,540 | +€20,546 | +1030.4% |
| Remuneration, social security and pensions | 62 | - | €434 | +€434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94 | €4,291 | +€4,197 | +4460.1% |
| Other operating charges | 640/8 | €387 | €2,525 | +€2,138 | +552.0% |
| Gross operating margin | 9900 | €105,070 | €63,622 | -€41,449 | -39.4% |
| Operating profit (loss) | 9901 | €104,589 | €56,372 | -€48,217 | -46.1% |
| Financial income | 75/76B | €0 | €74 | +€74 | +247900.0% |
| Recurring financial income | 75 | €0 | €74 | +€74 | +247900.0% |
| Financial charges | 65/66B | €28 | €96 | +€68 | +240.0% |
| Recurring financial charges | 65 | €28 | €96 | +€68 | +240.0% |
| Profit (loss) for the period before taxes | 9903 | €104,561 | €56,350 | -€48,210 | -46.1% |
| Income taxes | 67/77 | €22,537 | €11,095 | -€11,442 | -50.8% |
| Profit (loss) for the period | 9904 | €82,024 | €45,255 | -€36,769 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,024 | €45,255 | -€36,769 | -44.8% |
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 12 October 2026 via checked.be.