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
- Cash +€28,597
up €28,597 (+65.6%), from €43,624 to €72,221
mainly Net result for the year (+€24,967) and Depreciation (+€10,931)
- Tangible fixed assets -€10,931
down €10,931 (-69.5%), from €15,722 to €4,791
of which Furniture and vehicles: -€10,033
- Receivables within one year +€2,744
up €2,744 (+85.2%), from €3,219 to €5,963
of which Trade receivables: +€1,585
- Reserves +€24,967
up €24,967 (+51.6%), from €48,360 to €73,327
- Tax, wage and social debts -€1,920
down €1,920 (-94.0%), from €2,043 to €123
- Other debts -€1,395
down €1,395 (-48.6%), from €2,872 to €1,476
- Trade debts -€1,152
down €1,152 (-14.5%), from €7,926 to €6,774
- Gross operating margin +€24,024
up €24,024 (+93.7%), from €25,651 to €49,675
- Staff costs -€11,050
down €11,050 (-94.7%), from €11,670 to €620
- Taxes +€10,496
up €10,496 (+529%), from €1,984 to €12,479
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 | €64,082 | €84,582 | +€20,500 | +32.0% |
| Fixed assets | 21/28 | €15,722 | €4,791 | -€10,931 | -69.5% |
| Tangible fixed assets | 22/27 | €15,722 | €4,791 | -€10,931 | -69.5% |
| Furniture and vehicles | 24 | €14,341 | €4,308 | -€10,033 | -70.0% |
| Other tangible fixed assets | 26 | €1,381 | €482 | -€898 | -65.1% |
| Current assets | 29/58 | €48,361 | €79,792 | +€31,431 | +65.0% |
| Amounts receivable within one year | 40/41 | €3,219 | €5,963 | +€2,744 | +85.2% |
| Trade receivables | 40 | €1,000 | €2,585 | +€1,585 | +159% |
| Other amounts receivable | 41 | €2,219 | €3,378 | +€1,158 | +52.2% |
| Cash at bank and in hand | 54/58 | €43,624 | €72,221 | +€28,597 | +65.6% |
| Deferred charges and accrued income | 490/1 | €1,517 | €1,608 | +€90 | +6.0% |
| Total equity and liabilities | 10/49 | €64,082 | €84,582 | +€20,500 | +32.0% |
| Equity | 10/15 | €49,242 | €74,209 | +€24,967 | +50.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,360 | €73,327 | +€24,967 | +51.6% |
| Distributable reserves | 133 | €48,360 | €73,327 | +€24,967 | +51.6% |
| Profit (loss) carried forward | 14 | -€5,318 | -€5,318 | = | 0.0% |
| Amounts payable | 17/49 | €14,840 | €10,373 | -€4,467 | -30.1% |
| Amounts payable within one year | 42/48 | €12,840 | €8,373 | -€4,467 | -34.8% |
| Trade debts | 44 | €7,926 | €6,774 | -€1,152 | -14.5% |
| Suppliers | 440/4 | €7,926 | €6,774 | -€1,152 | -14.5% |
| Taxes, remuneration and social security | 45 | €2,043 | €123 | -€1,920 | -94.0% |
| Taxes | 450/3 | €2,043 | €123 | -€1,920 | -94.0% |
| Other amounts payable | 47/48 | €2,872 | €1,476 | -€1,395 | -48.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,670 | €620 | -€11,050 | -94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,126 | €10,931 | -€195 | -1.8% |
| Other operating charges | 640/8 | €786 | €953 | +€167 | +21.2% |
| Gross operating margin | 9900 | €25,651 | €49,675 | +€24,024 | +93.7% |
| Operating profit (loss) | 9901 | €2,068 | €37,171 | +€35,102 | +1,697% |
| Financial income | 75/76B | €211 | €348 | +€136 | +64.5% |
| Recurring financial income | 75 | €211 | €348 | +€136 | +64.5% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.5% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €2,212 | €37,446 | +€35,234 | +1,593% |
| Income taxes | 67/77 | €1,984 | €12,479 | +€10,496 | +529% |
| Profit (loss) for the period | 9904 | €229 | €24,967 | +€24,738 | +10,818% |
| Profit (loss) for the period to be appropriated | 9905 | €229 | €24,967 | +€24,738 | +10,818% |
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 25 October 2026 via checked.be.