SANKET: what changed
Two fiscal 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.
SANKET
Largest movements
- Stocks and contracts -€131,600
down €131,600 (-10.8%), from €1.2m to €1.1m
- Cash -€36,765
down €36,765 (-48.0%), from €76,531 to €39,767
mainly Trade debts (-€252,019) and Other debts (-€4,660)
- Trade debts -€252,019
down €252,019 (-27.2%), from €925,039 to €673,020
- Reserves +€39,035
up €39,035 (+8.4%), from €465,444 to €504,479
- Debts after one year +€28,059
up €28,059 (+22.4%), from €125,132 to €153,191
- Gross operating margin +€40,307
up €40,307 (+51.1%), from €78,890 to €119,197
- Taxes +€9,837
up €9,837 (+146.8%), from €6,699 to €16,536
- Financial charges +€6,369
up €6,369 (+37.5%), from €16,963 to €23,332
- Depreciation -€2,460
no longer reported in 2025 (was €2,460)
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 | €1,765,265 | €1,597,973 | -€167,292 | -9.5% |
| Fixed assets | 21/28 | - | €150 | +€150 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €1,765,265 | €1,597,823 | -€167,442 | -9.5% |
| Stocks and contracts in progress | 3 | €1,223,829 | €1,092,229 | -€131,600 | -10.8% |
| Stocks | 30/36 | €1,223,829 | €1,092,229 | -€131,600 | -10.8% |
| Amounts receivable within one year | 40/41 | €414,001 | €416,753 | +€2,752 | +0.7% |
| Trade receivables | 40 | €413,272 | €414,457 | +€1,185 | +0.3% |
| Other amounts receivable | 41 | €729 | €2,296 | +€1,567 | +214.8% |
| Cash at bank and in hand | 54/58 | €76,531 | €39,767 | -€36,765 | -48.0% |
| Deferred charges and accrued income | 490/1 | €50,904 | €49,074 | -€1,829 | -3.6% |
| Total equity and liabilities | 10/49 | €1,765,265 | €1,597,973 | -€167,292 | -9.5% |
| Equity | 10/15 | €484,044 | €523,079 | +€39,035 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €465,444 | €504,479 | +€39,035 | +8.4% |
| Distributable reserves | 133 | €465,444 | €504,479 | +€39,035 | +8.4% |
| Amounts payable | 17/49 | €1,281,221 | €1,074,894 | -€206,327 | -16.1% |
| Amounts payable after more than one year | 17 | €125,132 | €153,191 | +€28,059 | +22.4% |
| Financial debts | 170/4 | €125,132 | €153,191 | +€28,059 | +22.4% |
| Amounts payable within one year | 42/48 | €1,156,066 | €917,303 | -€238,763 | -20.7% |
| Financial debts | 43 | €165,000 | €180,000 | +€15,000 | +9.1% |
| Credit institutions | 430/8 | €165,000 | €180,000 | +€15,000 | +9.1% |
| Trade debts | 44 | €925,039 | €673,020 | -€252,019 | -27.2% |
| Suppliers | 440/4 | €925,039 | €673,020 | -€252,019 | -27.2% |
| Taxes, remuneration and social security | 45 | €21,702 | €24,618 | +€2,916 | +13.4% |
| Taxes | 450/3 | €13,986 | €16,694 | +€2,708 | +19.4% |
| Remuneration and social security | 454/9 | €7,716 | €7,925 | +€208 | +2.7% |
| Other amounts payable | 47/48 | €44,325 | €39,665 | -€4,660 | -10.5% |
| Accrued charges and deferred income | 492/3 | €23 | €4,399 | +€4,376 | +19356.3% |
| Remuneration, social security and pensions | 62 | €38,348 | €39,167 | +€819 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,460 | - | -€2,460 | |
| Other operating charges | 640/8 | €1,769 | €2,038 | +€269 | +15.2% |
| Gross operating margin | 9900 | €78,890 | €119,197 | +€40,307 | +51.1% |
| Operating profit (loss) | 9901 | €36,313 | €77,992 | +€41,680 | +114.8% |
| Financial income | 75/76B | €1,463 | €910 | -€553 | -37.8% |
| Recurring financial income | 75 | €1,463 | €910 | -€553 | -37.8% |
| Financial charges | 65/66B | €16,963 | €23,332 | +€6,369 | +37.5% |
| Recurring financial charges | 65 | €16,963 | €23,332 | +€6,369 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €20,813 | €55,570 | +€34,758 | +167.0% |
| Income taxes | 67/77 | €6,699 | €16,536 | +€9,837 | +146.8% |
| Profit (loss) for the period | 9904 | €14,114 | €39,035 | +€24,921 | +176.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,114 | €39,035 | +€24,921 | +176.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.