SANVECO: 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.
SANVECO
Largest movements
- Receivables within one year -€14,331
down €14,331 (-43.2%), from €33,184 to €18,853
of which Other amounts receivable: -€17,093
- Tangible fixed assets -€11,794
down €11,794 (-70.2%), from €16,809 to €5,015
of which Leasing and similar rights: -€6,163
- Cash +€5,555
up €5,555 (+611%), from €909 to €6,464
mainly Receivables within one year (+€14,331) and Depreciation (+€11,794)
- Current portion of long-term debt -€15,592
no longer reported in 2025 (was €15,592)
- Trade debts -€6,967
down €6,967 (-89.3%), from €7,803 to €836
- Profit (loss) carried forward +€2,542
up €2,542 (+1.8%), from €142,859 to €145,401
- Debts after one year -€2,116
no longer reported in 2025 (was €2,116)
- Gross operating margin +€10,689
up €10,689 (+188%), from €5,687 to €16,376
- Depreciation -€6,981
down €6,981 (-37.2%), from €18,775 to €11,794
- Financial income -€4,558
no longer reported in 2025 (was €4,558)
- Financial charges -€1,589
down €1,589 (-82.9%), from €1,917 to €328
- Other operating charges +€891
up €891 (+232%), from €384 to €1,275
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 | €177,230 | €155,605 | -€21,625 | -12.2% |
| Fixed assets | 21/28 | €16,809 | €5,015 | -€11,794 | -70.2% |
| Tangible fixed assets | 22/27 | €16,809 | €5,015 | -€11,794 | -70.2% |
| Furniture and vehicles | 24 | €9,533 | €3,903 | -€5,630 | -59.1% |
| Leasing and similar rights | 25 | €7,275 | €1,112 | -€6,163 | -84.7% |
| Current assets | 29/58 | €160,421 | €150,590 | -€9,831 | -6.1% |
| Amounts receivable after more than one year | 29 | €125,274 | €125,273 | -€1 | 0.0% |
| Other amounts receivable | 291 | €125,274 | €125,273 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €33,184 | €18,853 | -€14,331 | -43.2% |
| Trade receivables | 40 | €6,520 | €9,282 | +€2,762 | +42.4% |
| Other amounts receivable | 41 | €26,664 | €9,571 | -€17,093 | -64.1% |
| Cash at bank and in hand | 54/58 | €909 | €6,464 | +€5,555 | +611% |
| Deferred charges and accrued income | 490/1 | €1,054 | - | -€1,054 | |
| Total equity and liabilities | 10/49 | €177,230 | €155,605 | -€21,625 | -12.2% |
| Equity | 10/15 | €150,919 | €153,461 | +€2,542 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €142,859 | €145,401 | +€2,542 | +1.8% |
| Amounts payable | 17/49 | €26,311 | €2,144 | -€24,167 | -91.9% |
| Amounts payable after more than one year | 17 | €2,116 | - | -€2,116 | |
| Financial debts | 170/4 | €2,116 | - | -€2,116 | |
| Amounts payable within one year | 42/48 | €24,195 | €2,144 | -€22,051 | -91.1% |
| Current portion of amounts payable after more than one year | 42 | €15,592 | - | -€15,592 | |
| Financial debts | 43 | - | €1,308 | +€1,308 | |
| Credit institutions | 430/8 | - | €1,308 | +€1,308 | |
| Trade debts | 44 | €7,803 | €836 | -€6,967 | -89.3% |
| Suppliers | 440/4 | €7,803 | €836 | -€6,967 | -89.3% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,775 | €11,794 | -€6,981 | -37.2% |
| Other operating charges | 640/8 | €384 | €1,275 | +€891 | +232% |
| Gross operating margin | 9900 | €5,687 | €16,376 | +€10,689 | +188% |
| Operating profit (loss) | 9901 | -€13,473 | €3,307 | +€16,780 | |
| Financial income | 75/76B | €4,558 | - | -€4,558 | |
| Recurring financial income | 75 | €4,558 | - | -€4,558 | |
| Financial charges | 65/66B | €1,917 | €328 | -€1,589 | -82.9% |
| Recurring financial charges | 65 | €1,917 | €328 | -€1,589 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,832 | €2,979 | +€13,811 | |
| Income taxes | 67/77 | €437 | €437 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€11,269 | €2,542 | +€13,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,269 | €2,542 | +€13,811 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.