Sano: 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.
Sano
Largest movements
- Receivables within one year -€77,807
down €77,807 (-72.6%), from €107,120 to €29,313
of which Trade receivables: -€82,950
- Cash -€54,518
down €54,518 (-30.7%), from €177,329 to €122,810
mainly Contributions, distributions and other (-€100,000) and Other debts (-€85,000)
- Tangible fixed assets +€16,275
up €16,275 (+421.4%), from €3,862 to €20,137
- Other debts -€85,000
down €85,000 (-45.9%), from €185,000 to €100,000
- Reserves -€30,187
down €30,187 (-29.9%), from €101,007 to €70,820
- Gross operating margin -€15,291
down €15,291 (-12.9%), from €118,346 to €103,055
- Financial charges +€8,671
up €8,671 (+946.7%), from €916 to €9,587
- Taxes -€3,323
down €3,323 (-14.2%), from €23,367 to €20,043
- Depreciation +€1,397
up €1,397 (+83.5%), from €1,674 to €3,071
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 | €302,789 | €186,760 | -€116,029 | -38.3% |
| Fixed assets | 21/28 | €3,862 | €20,137 | +€16,275 | +421.4% |
| Tangible fixed assets | 22/27 | €3,862 | €20,137 | +€16,275 | +421.4% |
| Furniture and vehicles | 24 | €3,862 | €20,137 | +€16,275 | +421.4% |
| Current assets | 29/58 | €298,927 | €166,623 | -€132,304 | -44.3% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 291 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,120 | €29,313 | -€77,807 | -72.6% |
| Trade receivables | 40 | €106,454 | €23,504 | -€82,950 | -77.9% |
| Other amounts receivable | 41 | €666 | €5,809 | +€5,143 | +771.8% |
| Cash at bank and in hand | 54/58 | €177,329 | €122,810 | -€54,518 | -30.7% |
| Deferred charges and accrued income | 490/1 | €1,978 | €1,999 | +€22 | +1.1% |
| Total equity and liabilities | 10/49 | €302,789 | €186,760 | -€116,029 | -38.3% |
| Equity | 10/15 | €103,507 | €73,320 | -€30,187 | -29.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €101,007 | €70,820 | -€30,187 | -29.9% |
| Distributable reserves | 133 | €101,007 | €70,820 | -€30,187 | -29.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €199,281 | €113,440 | -€85,842 | -43.1% |
| Amounts payable within one year | 42/48 | €199,281 | €113,440 | -€85,842 | -43.1% |
| Financial debts | 43 | €214 | €270 | +€56 | +26.2% |
| Credit institutions | 430/8 | €214 | €270 | +€56 | +26.2% |
| Trade debts | 44 | €4,358 | €3,733 | -€624 | -14.3% |
| Suppliers | 440/4 | €4,358 | €3,733 | -€624 | -14.3% |
| Taxes, remuneration and social security | 45 | €9,710 | €9,436 | -€274 | -2.8% |
| Taxes | 450/3 | €9,710 | €9,436 | -€274 | -2.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €185,000 | €100,000 | -€85,000 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €3,071 | +€1,397 | +83.5% |
| Other operating charges | 640/8 | €1,362 | €978 | -€385 | -28.2% |
| Non-recurring operating charges | 66A | €10,447 | €0 | -€10,447 | -100.0% |
| Gross operating margin | 9900 | €118,346 | €103,055 | -€15,291 | -12.9% |
| Operating profit (loss) | 9901 | €104,864 | €99,007 | -€5,857 | -5.6% |
| Financial income | 75/76B | €396 | €436 | +€40 | +10.1% |
| Recurring financial income | 75 | €396 | €436 | +€40 | +10.1% |
| Financial charges | 65/66B | €916 | €9,587 | +€8,671 | +946.7% |
| Recurring financial charges | 65 | €916 | €9,587 | +€8,671 | +946.7% |
| Profit (loss) for the period before taxes | 9903 | €104,343 | €89,856 | -€14,488 | -13.9% |
| Income taxes | 67/77 | €23,367 | €20,043 | -€3,323 | -14.2% |
| Profit (loss) for the period | 9904 | €80,977 | €69,813 | -€11,164 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,977 | €69,813 | -€11,164 | -13.8% |
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 10 October 2026 via checked.be.