SANORE: 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.
SANORE
Largest movements
- Tangible fixed assets -€27,446
down €27,446 (-7.2%), from €379,660 to €352,214
of which Land and buildings: -€25,712
- Receivables within one year +€23,028
up €23,028 (+74.6%), from €30,872 to €53,900
of which Trade receivables: +€24,688
- Current investments +€10,071
up €10,071 (+117.1%), from €8,600 to €18,671
- Profit (loss) carried forward +€9,184
up €9,184 (+7.6%), from €120,259 to €129,443
- Gross operating margin +€18,147
up €18,147 (+73.3%), from €24,755 to €42,902
- Turnover +€10,263
up €10,263 (+16.2%), from €63,253 to €73,516
- Purchases and services -€7,884
down €7,884 (-20.5%), from €38,498 to €30,614
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 | €423,082 | €430,052 | +€6,970 | +1.6% |
| Fixed assets | 21/28 | €379,777 | €352,331 | -€27,446 | -7.2% |
| Tangible fixed assets | 22/27 | €379,660 | €352,214 | -€27,446 | -7.2% |
| Land and buildings | 22 | €357,560 | €331,848 | -€25,712 | -7.2% |
| Plant, machinery and equipment | 23 | €22,100 | €20,366 | -€1,734 | -7.8% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €43,305 | €77,721 | +€34,416 | +79.5% |
| Amounts receivable within one year | 40/41 | €30,872 | €53,900 | +€23,028 | +74.6% |
| Trade receivables | 40 | €726 | €25,414 | +€24,688 | +3400.6% |
| Other amounts receivable | 41 | €30,146 | €28,486 | -€1,660 | -5.5% |
| Current investments | 50/53 | €8,600 | €18,671 | +€10,071 | +117.1% |
| Cash at bank and in hand | 54/58 | €3,817 | €4,695 | +€878 | +23.0% |
| Deferred charges and accrued income | 490/1 | €16 | €455 | +€439 | +2743.8% |
| Total equity and liabilities | 10/49 | €423,082 | €430,052 | +€6,970 | +1.6% |
| Equity | 10/15 | €419,968 | €429,152 | +€9,184 | +2.2% |
| Contributions | 10/11 | €113,900 | €113,900 | = | 0.0% |
| Reserves | 13 | €185,809 | €185,809 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,295 | €137,295 | = | 0.0% |
| Distributable reserves | 133 | €48,514 | €48,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,259 | €129,443 | +€9,184 | +7.6% |
| Amounts payable | 17/49 | €3,114 | €900 | -€2,214 | -71.1% |
| Amounts payable within one year | 42/48 | €3,109 | €891 | -€2,218 | -71.3% |
| Trade debts | 44 | - | €363 | +€363 | |
| Suppliers | 440/4 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €37 | €248 | +€211 | +570.3% |
| Taxes | 450/3 | €37 | €248 | +€211 | +570.3% |
| Other amounts payable | 47/48 | €3,072 | €280 | -€2,792 | -90.9% |
| Accrued charges and deferred income | 492/3 | €5 | €9 | +€4 | +80.0% |
| Turnover | 70 | €63,253 | €73,516 | +€10,263 | +16.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,498 | €30,614 | -€7,884 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,644 | €27,446 | -€198 | -0.7% |
| Other operating charges | 640/8 | €6,150 | €6,343 | +€193 | +3.1% |
| Gross operating margin | 9900 | €24,755 | €42,902 | +€18,147 | +73.3% |
| Operating profit (loss) | 9901 | -€9,039 | €9,113 | +€18,152 | |
| Financial income | 75/76B | €71 | €113 | +€42 | +59.2% |
| Recurring financial income | 75 | €71 | €113 | +€42 | +59.2% |
| Financial charges | 65/66B | €35 | €42 | +€7 | +20.0% |
| Recurring financial charges | 65 | €35 | €42 | +€7 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,003 | €9,184 | +€18,187 | |
| Income taxes | 67/77 | -€5 | - | +€5 | |
| Profit (loss) for the period | 9904 | -€8,998 | €9,184 | +€18,182 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,998 | €9,184 | +€18,182 |
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 9 October 2026 via checked.be.