SANMACI: 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.
SANMACI
Largest movements
- Cash +€149,751
up €149,751 (+38.9%), from €385,269 to €535,020
mainly Net result for the year (+€182,060) and Trade debts (+€105,904)
- Tangible fixed assets +€131,325
up €131,325 (+74.8%), from €175,661 to €306,985
of which Plant, machinery and equipment: +€137,052
- Profit (loss) carried forward +€112,060
up €112,060 (+43.3%), from €258,976 to €371,036
- Trade debts +€105,904
up €105,904 (+205.3%), from €51,584 to €157,488
- Tax, wage and social debts +€83,705
up €83,705 (+37.1%), from €225,399 to €309,104
of which Taxes: +€58,672
- Other debts -€20,000
down €20,000 (-22.2%), from €90,000 to €70,000
- Gross operating margin -€135,663
down €135,663 (-11.5%), from €1.2m to €1.0m
- Staff costs -€112,577
down €112,577 (-13.0%), from €862,811 to €750,234
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 | €664,534 | €938,575 | +€274,041 | +41.2% |
| Formation expenses | 20 | €1,069 | €763 | -€305 | -28.6% |
| Fixed assets | 21/28 | €179,561 | €310,885 | +€131,325 | +73.1% |
| Tangible fixed assets | 22/27 | €175,661 | €306,985 | +€131,325 | +74.8% |
| Plant, machinery and equipment | 23 | €53,194 | €190,247 | +€137,052 | +257.6% |
| Furniture and vehicles | 24 | €2,631 | €5,007 | +€2,376 | +90.3% |
| Other tangible fixed assets | 26 | €119,835 | €111,732 | -€8,103 | -6.8% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €483,905 | €626,926 | +€143,021 | +29.6% |
| Stocks and contracts in progress | 3 | €79,255 | €76,200 | -€3,055 | -3.9% |
| Stocks | 30/36 | €79,255 | €76,200 | -€3,055 | -3.9% |
| Amounts receivable within one year | 40/41 | €10,182 | €6,506 | -€3,675 | -36.1% |
| Trade receivables | 40 | €9,480 | - | -€9,480 | |
| Other amounts receivable | 41 | €701 | €6,506 | +€5,805 | +827.7% |
| Cash at bank and in hand | 54/58 | €385,269 | €535,020 | +€149,751 | +38.9% |
| Deferred charges and accrued income | 490/1 | €9,200 | €9,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €664,534 | €938,575 | +€274,041 | +41.2% |
| Equity | 10/15 | €267,036 | €379,096 | +€112,060 | +42.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,976 | €371,036 | +€112,060 | +43.3% |
| Amounts payable | 17/49 | €397,499 | €559,479 | +€161,981 | +40.7% |
| Amounts payable within one year | 42/48 | €397,499 | €559,479 | +€161,981 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €30,515 | €22,887 | -€7,629 | -25.0% |
| Trade debts | 44 | €51,584 | €157,488 | +€105,904 | +205.3% |
| Suppliers | 440/4 | €51,584 | €157,488 | +€105,904 | +205.3% |
| Taxes, remuneration and social security | 45 | €225,399 | €309,104 | +€83,705 | +37.1% |
| Taxes | 450/3 | €83,804 | €142,476 | +€58,672 | +70.0% |
| Remuneration and social security | 454/9 | €141,595 | €166,628 | +€25,034 | +17.7% |
| Other amounts payable | 47/48 | €90,000 | €70,000 | -€20,000 | -22.2% |
| Non-recurring operating income | 76A | €376 | - | -€376 | |
| Remuneration, social security and pensions | 62 | €862,811 | €750,234 | -€112,577 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,086 | €47,425 | -€3,661 | -7.2% |
| Other operating charges | 640/8 | €14,767 | €5,728 | -€9,040 | -61.2% |
| Non-recurring operating charges | 66A | €308 | €45 | -€263 | -85.4% |
| Gross operating margin | 9900 | €1,176,331 | €1,040,668 | -€135,663 | -11.5% |
| Operating profit (loss) | 9901 | €247,358 | €237,236 | -€10,122 | -4.1% |
| Financial income | 75/76B | €561 | €440 | -€121 | -21.6% |
| Recurring financial income | 75 | €561 | €440 | -€121 | -21.6% |
| Financial charges | 65/66B | €3,059 | €2,354 | -€705 | -23.1% |
| Recurring financial charges | 65 | €3,059 | €1,595 | -€1,464 | -47.9% |
| Non-recurring financial charges | 66B | - | €759 | +€759 | |
| Profit (loss) for the period before taxes | 9903 | €244,859 | €235,322 | -€9,537 | -3.9% |
| Income taxes | 67/77 | €62,513 | €53,262 | -€9,251 | -14.8% |
| Profit (loss) for the period | 9904 | €182,346 | €182,060 | -€286 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €182,346 | €182,060 | -€286 | -0.2% |
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 6 October 2026 via checked.be.