Sanjati: 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.
Sanjati
Largest movements
- Receivables within one year +€62,850
up €62,850 (+524%), from €11,999 to €74,848
of which Trade receivables: +€34,247
- Cash +€59,017
up €59,017 (+10.8%), from €545,104 to €604,121
mainly Net result for the year (+€131,956) and Other debts (+€100,000)
- Tangible fixed assets -€40,550
down €40,550 (-34.4%), from €117,806 to €77,256
of which Furniture and vehicles: -€39,819
- Stocks and contracts +€37,698
up €37,698 (+10.1%), from €372,489 to €410,187
- Other debts +€100,000
new in 2025: €100,000
- Trade debts -€36,172
down €36,172 (-21.7%), from €166,685 to €130,513
- Reserves +€31,956
up €31,956 (+5.1%), from €628,890 to €660,845
- Tax, wage and social debts +€19,998
up €19,998 (+79.0%), from €25,329 to €45,327
of which Taxes: +€12,218
- Advances received +€17,785
up €17,785 (+16.3%), from €109,146 to €126,931
- Gross operating margin +€118,134
up €118,134 (+32.5%), from €363,742 to €481,876
- Staff costs +€18,464
up €18,464 (+6.6%), from €281,574 to €300,038
- Other operating charges -€8,621
down €8,621 (-47.0%), from €18,361 to €9,740
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 | €1,081,091 | €1,196,228 | +€115,136 | +10.6% |
| Fixed assets | 21/28 | €130,506 | €89,956 | -€40,550 | -31.1% |
| Tangible fixed assets | 22/27 | €117,806 | €77,256 | -€40,550 | -34.4% |
| Plant, machinery and equipment | 23 | €1,597 | €866 | -€731 | -45.8% |
| Furniture and vehicles | 24 | €116,210 | €76,391 | -€39,819 | -34.3% |
| Financial fixed assets | 28 | €12,700 | €12,700 | = | 0.0% |
| Current assets | 29/58 | €950,585 | €1,106,271 | +€155,686 | +16.4% |
| Stocks and contracts in progress | 3 | €372,489 | €410,187 | +€37,698 | +10.1% |
| Stocks | 30/36 | €372,489 | €410,187 | +€37,698 | +10.1% |
| Amounts receivable within one year | 40/41 | €11,999 | €74,848 | +€62,850 | +524% |
| Trade receivables | 40 | €0 | €34,247 | +€34,247 | |
| Other amounts receivable | 41 | €11,999 | €40,601 | +€28,602 | +238% |
| Cash at bank and in hand | 54/58 | €545,104 | €604,121 | +€59,017 | +10.8% |
| Deferred charges and accrued income | 490/1 | €20,994 | €17,115 | -€3,879 | -18.5% |
| Total equity and liabilities | 10/49 | €1,081,091 | €1,196,228 | +€115,136 | +10.6% |
| Equity | 10/15 | €728,890 | €760,845 | +€31,956 | +4.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €628,890 | €660,845 | +€31,956 | +5.1% |
| Distributable reserves | 133 | €628,890 | €660,845 | +€31,956 | +5.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €352,202 | €435,382 | +€83,180 | +23.6% |
| Amounts payable after more than one year | 17 | €32,611 | €20,417 | -€12,195 | -37.4% |
| Financial debts | 170/4 | €32,611 | €20,417 | -€12,195 | -37.4% |
| Amounts payable within one year | 42/48 | €319,590 | €414,966 | +€95,375 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €18,431 | €12,195 | -€6,236 | -33.8% |
| Trade debts | 44 | €166,685 | €130,513 | -€36,172 | -21.7% |
| Suppliers | 440/4 | €166,685 | €130,513 | -€36,172 | -21.7% |
| Advances received on contracts in progress | 46 | €109,146 | €126,931 | +€17,785 | +16.3% |
| Taxes, remuneration and social security | 45 | €25,329 | €45,327 | +€19,998 | +79.0% |
| Taxes | 450/3 | €6,770 | €18,988 | +€12,218 | +180% |
| Remuneration and social security | 454/9 | €18,559 | €26,339 | +€7,780 | +41.9% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Remuneration, social security and pensions | 62 | €281,574 | €300,038 | +€18,464 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,199 | €46,905 | -€2,294 | -4.7% |
| Other operating charges | 640/8 | €18,361 | €9,740 | -€8,621 | -47.0% |
| Gross operating margin | 9900 | €363,742 | €481,876 | +€118,134 | +32.5% |
| Operating profit (loss) | 9901 | €14,608 | €125,192 | +€110,584 | +757% |
| Financial income | 75/76B | €26,900 | €26,300 | -€600 | -2.2% |
| Recurring financial income | 75 | €26,900 | €26,300 | -€600 | -2.2% |
| Financial charges | 65/66B | €7,412 | €6,834 | -€578 | -7.8% |
| Recurring financial charges | 65 | €7,412 | €6,834 | -€578 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €34,096 | €144,659 | +€110,563 | +324% |
| Income taxes | 67/77 | €10,691 | €12,703 | +€2,012 | +18.8% |
| Profit (loss) for the period | 9904 | €23,405 | €131,956 | +€108,551 | +464% |
| Profit (loss) for the period to be appropriated | 9905 | €23,405 | €131,956 | +€108,551 | +464% |
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 29 October 2026 via checked.be.