SANVERCO: 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.
SANVERCO
Largest movements
- Receivables within one year +€25,143
up €25,143 (+5.0%), from €503,904 to €529,047
of which Other amounts receivable: +€25,143
- Cash -€13,038
down €13,038 (-100.0%), from €13,043 to €5
mainly Receivables within one year (-€25,143) and Trade debts (-€1,017)
- Other debts +€7,999
new in 2025: €7,999
- Financial income -€173,193
down €173,193 (-93.0%), from €186,181 to €12,988
- Gross operating margin +€734
up €734 (+12.3%), from -€5,959 to -€5,225
- Taxes +€544
up €544 (+47.8%), from €1,138 to €1,682
- Financial charges +€141
up €141 (+18.0%), from €788 to €929
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 | €579,967 | €592,071 | +€12,105 | +2.1% |
| Fixed assets | 21/28 | €63,019 | €63,019 | = | 0.0% |
| Tangible fixed assets | 22/27 | €42,994 | €42,994 | = | 0.0% |
| Land and buildings | 22 | €42,994 | €42,994 | = | 0.0% |
| Financial fixed assets | 28 | €20,025 | €20,025 | = | 0.0% |
| Current assets | 29/58 | €516,947 | €529,052 | +€12,105 | +2.3% |
| Amounts receivable within one year | 40/41 | €503,904 | €529,047 | +€25,143 | +5.0% |
| Trade receivables | 40 | €3,420 | €3,420 | = | 0.0% |
| Other amounts receivable | 41 | €500,484 | €525,627 | +€25,143 | +5.0% |
| Cash at bank and in hand | 54/58 | €13,043 | €5 | -€13,038 | -100.0% |
| Total equity and liabilities | 10/49 | €579,967 | €592,071 | +€12,105 | +2.1% |
| Equity | 10/15 | €567,732 | €572,306 | +€4,574 | +0.8% |
| Contributions | 10/11 | €306,000 | €306,000 | = | 0.0% |
| Capital | 10 | €306,000 | €306,000 | = | 0.0% |
| Issued capital | 100 | €306,000 | €306,000 | = | 0.0% |
| Reserves | 13 | €261,732 | €266,306 | +€4,574 | +1.7% |
| Non-distributable reserves | 130/1 | €30,600 | €30,600 | = | 0.0% |
| Legal reserve | 130 | €30,600 | €30,600 | = | 0.0% |
| Distributable reserves | 133 | €231,132 | €235,706 | +€4,574 | +2.0% |
| Amounts payable | 17/49 | €12,235 | €19,765 | +€7,530 | +61.5% |
| Amounts payable within one year | 42/48 | €12,235 | €19,765 | +€7,530 | +61.5% |
| Financial debts | 43 | €5 | €6 | +€1 | +23.5% |
| Credit institutions | 430/8 | €5 | €6 | +€1 | +23.5% |
| Trade debts | 44 | €11,113 | €10,097 | -€1,017 | -9.1% |
| Suppliers | 440/4 | €11,113 | €10,097 | -€1,017 | -9.1% |
| Taxes, remuneration and social security | 45 | €1,116 | €1,662 | +€546 | +48.9% |
| Taxes | 450/3 | €1,116 | €1,662 | +€546 | +48.9% |
| Other amounts payable | 47/48 | - | €7,999 | +€7,999 | |
| Other operating charges | 640/8 | €634 | €578 | -€56 | -8.9% |
| Gross operating margin | 9900 | -€5,959 | -€5,225 | +€734 | +12.3% |
| Operating profit (loss) | 9901 | -€6,593 | -€5,803 | +€790 | +12.0% |
| Financial income | 75/76B | €186,181 | €12,988 | -€173,193 | -93.0% |
| Recurring financial income | 75 | €186,181 | €12,988 | -€173,193 | -93.0% |
| Financial charges | 65/66B | €788 | €929 | +€141 | +18.0% |
| Recurring financial charges | 65 | €788 | €929 | +€141 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €178,800 | €6,256 | -€172,544 | -96.5% |
| Income taxes | 67/77 | €1,138 | €1,682 | +€544 | +47.8% |
| Profit (loss) for the period | 9904 | €177,663 | €4,574 | -€173,088 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €177,663 | €4,574 | -€173,088 | -97.4% |
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 11 October 2026 via checked.be.