SANU: 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.
SANU
Largest movements
- Receivables within one year -€22,195
down €22,195 (-75.0%), from €29,580 to €7,385
of which Other amounts receivable: -€19,166
- Tangible fixed assets -€17,552
down €17,552 (-15.3%), from €114,864 to €97,312
- Cash -€2,341
down €2,341 (-5.9%), from €39,960 to €37,619
mainly Debts after one year (-€12,167) and Trade debts (-€11,973)
- Stocks and contracts +€2,100
up €2,100 (+27.0%), from €7,775 to €9,875
- Profit (loss) carried forward -€41,008
down €41,008 (-100.0%), from €41,008 to €0
- Reserves +€31,406
up €31,406 (+45.4%), from €69,110 to €100,516
- Debts after one year -€12,167
down €12,167 (-93.2%), from €13,056 to €889
- Trade debts -€11,973
down €11,973 (-49.1%), from €24,393 to €12,420
- Tax, wage and social debts -€4,414
down €4,414 (-17.5%), from €25,255 to €20,841
of which Remuneration and social security: -€3,436
- Staff costs +€31,626
up €31,626 (+25.4%), from €124,529 to €156,155
- Gross operating margin +€8,701
up €8,701 (+5.4%), from €160,450 to €169,151
- Taxes -€3,140
down €3,140 (-100.0%), from €3,140 to €0
- Other operating charges +€2,676
up €2,676 (+466.1%), from €574 to €3,250
- Financial charges -€1,906
down €1,906 (-41.4%), from €4,609 to €2,702
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 | €192,250 | €153,033 | -€39,217 | -20.4% |
| Fixed assets | 21/28 | €114,864 | €97,312 | -€17,552 | -15.3% |
| Tangible fixed assets | 22/27 | €114,864 | €97,312 | -€17,552 | -15.3% |
| Plant, machinery and equipment | 23 | €18,516 | €10,260 | -€8,256 | -44.6% |
| Furniture and vehicles | 24 | €7,384 | €5,693 | -€1,691 | -22.9% |
| Other tangible fixed assets | 26 | €88,964 | €81,358 | -€7,606 | -8.5% |
| Current assets | 29/58 | €77,386 | €55,721 | -€21,665 | -28.0% |
| Stocks and contracts in progress | 3 | €7,775 | €9,875 | +€2,100 | +27.0% |
| Stocks | 30/36 | €7,775 | €9,875 | +€2,100 | +27.0% |
| Amounts receivable within one year | 40/41 | €29,580 | €7,385 | -€22,195 | -75.0% |
| Trade receivables | 40 | €3,028 | €0 | -€3,028 | -100.0% |
| Other amounts receivable | 41 | €26,551 | €7,385 | -€19,166 | -72.2% |
| Cash at bank and in hand | 54/58 | €39,960 | €37,619 | -€2,341 | -5.9% |
| Deferred charges and accrued income | 490/1 | €72 | €843 | +€771 | +1070.6% |
| Total equity and liabilities | 10/49 | €192,250 | €153,033 | -€39,217 | -20.4% |
| Equity | 10/15 | €116,318 | €106,716 | -€9,602 | -8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,110 | €100,516 | +€31,406 | +45.4% |
| Distributable reserves | 133 | €69,110 | €100,516 | +€31,406 | +45.4% |
| Profit (loss) carried forward | 14 | €41,008 | €0 | -€41,008 | -100.0% |
| Amounts payable | 17/49 | €75,932 | €46,317 | -€29,615 | -39.0% |
| Amounts payable after more than one year | 17 | €13,056 | €889 | -€12,167 | -93.2% |
| Financial debts | 170/4 | €13,056 | €889 | -€12,167 | -93.2% |
| Amounts payable within one year | 42/48 | €62,876 | €45,428 | -€17,448 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €13,162 | €12,167 | -€995 | -7.6% |
| Trade debts | 44 | €24,393 | €12,420 | -€11,973 | -49.1% |
| Suppliers | 440/4 | €24,393 | €12,420 | -€11,973 | -49.1% |
| Taxes, remuneration and social security | 45 | €25,255 | €20,841 | -€4,414 | -17.5% |
| Taxes | 450/3 | €7,011 | €6,033 | -€978 | -14.0% |
| Remuneration and social security | 454/9 | €18,245 | €14,808 | -€3,436 | -18.8% |
| Other amounts payable | 47/48 | €66 | €0 | -€66 | -100.0% |
| Remuneration, social security and pensions | 62 | €124,529 | €156,155 | +€31,626 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,574 | €17,552 | +€978 | +5.9% |
| Other operating charges | 640/8 | €574 | €3,250 | +€2,676 | +466.1% |
| Gross operating margin | 9900 | €160,450 | €169,151 | +€8,701 | +5.4% |
| Operating profit (loss) | 9901 | €18,772 | -€7,807 | -€26,579 | |
| Financial income | 75/76B | €1,315 | €907 | -€409 | -31.1% |
| Recurring financial income | 75 | €1,315 | €907 | -€409 | -31.1% |
| Financial charges | 65/66B | €4,609 | €2,702 | -€1,906 | -41.4% |
| Recurring financial charges | 65 | €4,609 | €2,702 | -€1,906 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €15,479 | -€9,602 | -€25,081 | |
| Income taxes | 67/77 | €3,140 | €0 | -€3,140 | -100.0% |
| Profit (loss) for the period | 9904 | €12,339 | -€9,602 | -€21,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,339 | -€9,602 | -€21,941 |
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 12 October 2026 via checked.be.