Sanonet: 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.
Sanonet
Largest movements
- Receivables after one year -€167,942
down €167,942 (-20.0%), from €839,900 to €671,959
- Cash +€85,710
up €85,710 (+130%), from €65,936 to €151,646
mainly Net result for the year (+€323,419) and Receivables after one year (+€167,942)
- Tangible fixed assets -€32,293
down €32,293 (-19.8%), from €162,700 to €130,407
of which Other tangible fixed assets: -€19,326
- Receivables within one year +€21,232
up €21,232 (+11.4%), from €186,088 to €207,321
of which Trade receivables: +€21,866
- Reserves -€98,523
down €98,523 (-8.6%), from €1.2m to €1.1m
- Other debts +€26,374
up €26,374 (+3,471%), from €760 to €27,134
- Tax, wage and social debts -€16,858
down €16,858 (-32.2%), from €52,376 to €35,518
of which Taxes: -€16,927
- Gross operating margin +€138,212
up €138,212 (+36.7%), from €376,508 to €514,720
- Taxes +€37,999
up €37,999 (+36.2%), from €104,958 to €142,956
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 | €1,259,874 | €1,172,217 | -€87,657 | -7.0% |
| Fixed assets | 21/28 | €167,950 | €135,657 | -€32,293 | -19.2% |
| Tangible fixed assets | 22/27 | €162,700 | €130,407 | -€32,293 | -19.8% |
| Plant, machinery and equipment | 23 | €3,167 | €5,417 | +€2,250 | +71.1% |
| Furniture and vehicles | 24 | €52,606 | €37,388 | -€15,218 | -28.9% |
| Other tangible fixed assets | 26 | €106,927 | €87,602 | -€19,326 | -18.1% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €1,091,924 | €1,036,560 | -€55,364 | -5.1% |
| Amounts receivable after more than one year | 29 | €839,900 | €671,959 | -€167,942 | -20.0% |
| Other amounts receivable | 291 | €839,900 | €671,959 | -€167,942 | -20.0% |
| Amounts receivable within one year | 40/41 | €186,088 | €207,321 | +€21,232 | +11.4% |
| Trade receivables | 40 | €148,569 | €170,435 | +€21,866 | +14.7% |
| Other amounts receivable | 41 | €37,519 | €36,885 | -€634 | -1.7% |
| Cash at bank and in hand | 54/58 | €65,936 | €151,646 | +€85,710 | +130% |
| Deferred charges and accrued income | 490/1 | - | €5,635 | +€5,635 | |
| Total equity and liabilities | 10/49 | €1,259,874 | €1,172,217 | -€87,657 | -7.0% |
| Equity | 10/15 | €1,206,738 | €1,108,215 | -€98,523 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,151,813 | €1,053,290 | -€98,523 | -8.6% |
| Distributable reserves | 133 | €1,151,813 | €1,053,290 | -€98,523 | -8.6% |
| Profit (loss) carried forward | 14 | €36,325 | €36,325 | = | 0.0% |
| Amounts payable | 17/49 | €53,136 | €64,003 | +€10,866 | +20.4% |
| Amounts payable within one year | 42/48 | €53,136 | €64,003 | +€10,866 | +20.4% |
| Trade debts | 44 | - | €1,351 | +€1,351 | |
| Suppliers | 440/4 | - | €1,351 | +€1,351 | |
| Taxes, remuneration and social security | 45 | €52,376 | €35,518 | -€16,858 | -32.2% |
| Taxes | 450/3 | €49,269 | €32,342 | -€16,927 | -34.4% |
| Remuneration and social security | 454/9 | €3,108 | €3,176 | +€68 | +2.2% |
| Other amounts payable | 47/48 | €760 | €27,134 | +€26,374 | +3,471% |
| Remuneration, social security and pensions | 62 | €23,389 | €23,192 | -€197 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,428 | €35,971 | +€543 | +1.5% |
| Other operating charges | 640/8 | €1,070 | €2,726 | +€1,655 | +155% |
| Gross operating margin | 9900 | €376,508 | €514,720 | +€138,212 | +36.7% |
| Operating profit (loss) | 9901 | €316,621 | €452,831 | +€136,210 | +43.0% |
| Financial income | 75/76B | €16,688 | €14,375 | -€2,313 | -13.9% |
| Recurring financial income | 75 | €16,688 | €14,375 | -€2,313 | -13.9% |
| Financial charges | 65/66B | €1,233 | €831 | -€401 | -32.6% |
| Recurring financial charges | 65 | €1,233 | €831 | -€401 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €332,076 | €466,375 | +€134,299 | +40.4% |
| Income taxes | 67/77 | €104,958 | €142,956 | +€37,999 | +36.2% |
| Profit (loss) for the period | 9904 | €227,118 | €323,419 | +€96,300 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €227,118 | €323,419 | +€96,300 | +42.4% |
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 19 October 2026 via checked.be.