SANOTECH: what changed
What changed
SANOTECH
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€551,861
2024 · €495,567+€56,294
Equity
€2.1m
2024 · €1.5m+€551,861
Cash
€499,297
2024 · €381,830+€117,467
Balance sheet total
€3.4m
2024 · €3.2m+€236,470
Largest movements
Assets
- Receivables within one year +€209,955
up €209,955 (+19.0%), from €1.1m to €1.3m
of which Other amounts receivable: +€337,113
- Cash +€117,467
up €117,467 (+30.8%), from €381,830 to €499,297
mainly Net result for the year (+€551,861) and Depreciation (+€124,603)
- Tangible fixed assets -€77,261
down €77,261 (-9.2%), from €842,035 to €764,774
of which Land and buildings: -€39,292
Equity and liabilities
- Reserves +€551,861
up €551,861 (+36.8%), from €1.5m to €2.1m
- Other debts -€244,311
down €244,311 (-82.8%), from €295,136 to €50,825
- Debts after one year -€177,491
down €177,491 (-22.2%), from €801,221 to €623,730
- Trade debts +€119,373
up €119,373 (+37.8%), from €316,104 to €435,476
Income statement
- Gross operating margin +€111,218
up €111,218 (+7.3%), from €1.5m to €1.6m
- Taxes +€27,446
up €27,446 (+12.1%), from €226,471 to €253,917
- Staff costs +€17,688
up €17,688 (+2.7%), from €655,874 to €673,562
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€495,567
Gross operating margin
+€111,218
Staff costs
-€17,688
Depreciation
-€6,090
Other operating charges
+€797
Financial income
+€2,710
Financial charges
-€7,207
Taxes
-€27,446
Result 2025
€551,861
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€330,729
Investment
-€27,342
Financing
-€185,920
Cash 2024
€381,830
From operations (derived)
+€330,729
Net result for the year
+€551,861
Depreciation
+€124,603
Stocks and contracts
-€4,000
Receivables within one year
-€209,955
Deferred charges and accrued income
-€2,309
Trade debts
+€119,373
Tax, wage and social debts
-€4,532
Other debts
-€244,311
Investment (derived)
-€27,342
Investment in fixed assets (net)
-€27,342
Financing
-€185,920
Debts after one year
-€177,491
Current portion of long-term debt
-€8,430
Cash 2025
€499,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,199,309 | €3,435,779 | +€236,470 | +7.4% |
| Fixed assets | 21/28 | €868,126 | €770,865 | -€97,261 | -11.2% |
| Intangible fixed assets | 21 | €23,333 | €3,333 | -€20,000 | -85.7% |
| Tangible fixed assets | 22/27 | €842,035 | €764,774 | -€77,261 | -9.2% |
| Land and buildings | 22 | €636,096 | €596,804 | -€39,292 | -6.2% |
| Plant, machinery and equipment | 23 | €20,555 | €16,941 | -€3,614 | -17.6% |
| Furniture and vehicles | 24 | €155,784 | €138,519 | -€17,264 | -11.1% |
| Leasing and similar rights | 25 | €7,475 | €3,212 | -€4,263 | -57.0% |
| Other tangible fixed assets | 26 | €22,126 | €9,297 | -€12,828 | -58.0% |
| Financial fixed assets | 28 | €2,758 | €2,758 | = | 0.0% |
| Current assets | 29/58 | €2,331,182 | €2,664,914 | +€333,732 | +14.3% |
| Stocks and contracts in progress | 3 | €835,000 | €839,000 | +€4,000 | +0.5% |
| Stocks | 30/36 | €655,000 | €654,000 | -€1,000 | -0.2% |
| Contracts in progress | 37 | €180,000 | €185,000 | +€5,000 | +2.8% |
| Amounts receivable within one year | 40/41 | €1,105,211 | €1,315,167 | +€209,955 | +19.0% |
| Trade receivables | 40 | €355,627 | €228,469 | -€127,158 | -35.8% |
| Other amounts receivable | 41 | €749,584 | €1,086,698 | +€337,113 | +45.0% |
| Cash at bank and in hand | 54/58 | €381,830 | €499,297 | +€117,467 | +30.8% |
| Deferred charges and accrued income | 490/1 | €9,141 | €11,450 | +€2,309 | +25.3% |
| Total equity and liabilities | 10/49 | €3,199,309 | €3,435,779 | +€236,470 | +7.4% |
| Equity | 10/15 | €1,549,010 | €2,100,871 | +€551,861 | +35.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,499,010 | €2,050,871 | +€551,861 | +36.8% |
| Distributable reserves | 133 | €1,499,010 | €2,050,871 | +€551,861 | +36.8% |
| Amounts payable | 17/49 | €1,650,298 | €1,334,908 | -€315,391 | -19.1% |
| Amounts payable after more than one year | 17 | €801,221 | €623,730 | -€177,491 | -22.2% |
| Financial debts | 170/4 | €801,221 | €623,730 | -€177,491 | -22.2% |
| Amounts payable within one year | 42/48 | €849,077 | €711,177 | -€137,900 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €183,593 | €175,164 | -€8,430 | -4.6% |
| Trade debts | 44 | €316,104 | €435,476 | +€119,373 | +37.8% |
| Suppliers | 440/4 | €316,104 | €435,476 | +€119,373 | +37.8% |
| Taxes, remuneration and social security | 45 | €54,245 | €49,713 | -€4,532 | -8.4% |
| Taxes | 450/3 | €2,275 | €2,551 | +€277 | +12.2% |
| Remuneration and social security | 454/9 | €51,970 | €47,161 | -€4,809 | -9.3% |
| Other amounts payable | 47/48 | €295,136 | €50,825 | -€244,311 | -82.8% |
| Remuneration, social security and pensions | 62 | €655,874 | €673,562 | +€17,688 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,512 | €124,603 | +€6,090 | +5.1% |
| Other operating charges | 640/8 | €3,473 | €2,675 | -€797 | -23.0% |
| Gross operating margin | 9900 | €1,518,483 | €1,629,700 | +€111,218 | +7.3% |
| Operating profit (loss) | 9901 | €740,624 | €828,860 | +€88,236 | +11.9% |
| Financial income | 75/76B | €6,827 | €9,537 | +€2,710 | +39.7% |
| Recurring financial income | 75 | €6,827 | €9,537 | +€2,710 | +39.7% |
| Financial charges | 65/66B | €25,413 | €32,619 | +€7,207 | +28.4% |
| Recurring financial charges | 65 | €25,413 | €32,619 | +€7,207 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €722,038 | €805,778 | +€83,740 | +11.6% |
| Income taxes | 67/77 | €226,471 | €253,917 | +€27,446 | +12.1% |
| Profit (loss) for the period | 9904 | €495,567 | €551,861 | +€56,294 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €495,567 | €551,861 | +€56,294 | +11.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.