SANODIS: 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.
SANODIS
Largest movements
- Stocks and contracts +€384,525
up €384,525 (+39.0%), from €986,143 to €1.4m
- Receivables within one year +€342,776
up €342,776 (+24.6%), from €1.4m to €1.7m
- Trade debts +€574,618
up €574,618 (+928.7%), from €61,874 to €636,492
- Short-term financial debts +€220,397
up €220,397 (+14.8%), from €1.5m to €1.7m
- Other debts -€151,640
down €151,640 (-22.9%), from €661,640 to €510,000
- Tax, wage and social debts +€93,394
up €93,394 (+54.1%), from €172,751 to €266,145
of which Taxes: +€89,501
- Gross operating margin +€109,504
up €109,504 (+14.1%), from €777,392 to €886,896
- Financial charges +€60,840
up €60,840 (+314.2%), from €19,364 to €80,203
- Write-downs -€30,827
down €30,827, from €13,246 to -€17,581
- Financial income -€22,822
down €22,822 (-39.6%), from €57,613 to €34,791
- Other operating charges +€16,837
up €16,837 (+514.5%), from €3,272 to €20,109
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 | €2,407,767 | €3,146,896 | +€739,129 | +30.7% |
| Fixed assets | 21/28 | €38 | €38 | = | 0.0% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €2,407,729 | €3,146,859 | +€739,129 | +30.7% |
| Stocks and contracts in progress | 3 | €986,143 | €1,370,669 | +€384,525 | +39.0% |
| Stocks | 30/36 | €986,143 | €1,370,669 | +€384,525 | +39.0% |
| Amounts receivable within one year | 40/41 | €1,390,831 | €1,733,607 | +€342,776 | +24.6% |
| Trade receivables | 40 | €1,390,831 | €1,733,607 | +€342,776 | +24.6% |
| Cash at bank and in hand | 54/58 | €24,748 | €35,851 | +€11,103 | +44.9% |
| Deferred charges and accrued income | 490/1 | €6,008 | €6,732 | +€724 | +12.1% |
| Total equity and liabilities | 10/49 | €2,407,767 | €3,146,896 | +€739,129 | +30.7% |
| Equity | 10/15 | €20,460 | €22,821 | +€2,361 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,361 | +€2,361 | |
| Amounts payable | 17/49 | €2,387,307 | €3,124,075 | +€736,768 | +30.9% |
| Amounts payable within one year | 42/48 | €2,387,307 | €3,124,075 | +€736,768 | +30.9% |
| Financial debts | 43 | €1,491,042 | €1,711,438 | +€220,397 | +14.8% |
| Other loans | 439 | €1,491,042 | €1,711,438 | +€220,397 | +14.8% |
| Trade debts | 44 | €61,874 | €636,492 | +€574,618 | +928.7% |
| Suppliers | 440/4 | €61,874 | €636,492 | +€574,618 | +928.7% |
| Taxes, remuneration and social security | 45 | €172,751 | €266,145 | +€93,394 | +54.1% |
| Taxes | 450/3 | €150,537 | €240,038 | +€89,501 | +59.5% |
| Remuneration and social security | 454/9 | €22,214 | €26,107 | +€3,893 | +17.5% |
| Other amounts payable | 47/48 | €661,640 | €510,000 | -€151,640 | -22.9% |
| Remuneration, social security and pensions | 62 | €142,669 | €150,900 | +€8,230 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,246 | -€17,581 | -€30,827 | |
| Other operating charges | 640/8 | €3,272 | €20,109 | +€16,837 | +514.5% |
| Gross operating margin | 9900 | €777,392 | €886,896 | +€109,504 | +14.1% |
| Operating profit (loss) | 9901 | €618,205 | €733,469 | +€115,264 | +18.6% |
| Financial income | 75/76B | €57,613 | €34,791 | -€22,822 | -39.6% |
| Recurring financial income | 75 | €57,613 | €34,791 | -€22,822 | -39.6% |
| Financial charges | 65/66B | €19,364 | €80,203 | +€60,840 | +314.2% |
| Recurring financial charges | 65 | €19,364 | €80,203 | +€60,840 | +314.2% |
| Profit (loss) for the period before taxes | 9903 | €656,454 | €688,057 | +€31,603 | +4.8% |
| Income taxes | 67/77 | €172,113 | €175,695 | +€3,583 | +2.1% |
| Profit (loss) for the period | 9904 | €484,341 | €512,361 | +€28,020 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €484,341 | €512,361 | +€28,020 | +5.8% |
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 5 October 2026 via checked.be.