SANZA: what changed
Two fiscal 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.
SANZA
Largest movements
- Receivables within one year -€24,686
down €24,686 (-12.0%), from €206,061 to €181,375
of which Other amounts receivable: -€27,919
- Cash +€16,686
up €16,686 (+943.6%), from €1,768 to €18,454
mainly Receivables within one year (+€24,686) and Tax, wage and social debts (+€11,559)
- Trade debts -€31,721
down €31,721 (-22.8%), from €138,827 to €107,105
- Tax, wage and social debts +€11,559
up €11,559 (+82.7%), from €13,979 to €25,538
of which Taxes: +€10,167
- Profit (loss) carried forward +€7,861
up €7,861 (+15.8%), from €49,752 to €57,613
- Other debts +€4,981
up €4,981 (+119.0%), from €4,187 to €9,168
- Gross operating margin +€27,475
up €27,475 (+24.4%), from €112,695 to €140,170
- Staff costs +€12,248
up €12,248 (+10.9%), from €112,599 to €124,847
- Taxes +€3,651
up €3,651 (+1258.7%), from €290 to €3,942
- Depreciation +€1,518
up €1,518 (+121.3%), from €1,252 to €2,769
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 | €214,938 | €207,618 | -€7,320 | -3.4% |
| Fixed assets | 21/28 | €5,678 | €6,020 | +€342 | +6.0% |
| Intangible fixed assets | 21 | €4,298 | €3,392 | -€906 | -21.1% |
| Tangible fixed assets | 22/27 | €1,230 | €2,477 | +€1,247 | +101.4% |
| Plant, machinery and equipment | 23 | - | €2,074 | +€2,074 | |
| Furniture and vehicles | 24 | €1,230 | €403 | -€827 | -67.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €209,260 | €201,598 | -€7,662 | -3.7% |
| Amounts receivable within one year | 40/41 | €206,061 | €181,375 | -€24,686 | -12.0% |
| Trade receivables | 40 | €177,880 | €181,113 | +€3,233 | +1.8% |
| Other amounts receivable | 41 | €28,181 | €262 | -€27,919 | -99.1% |
| Cash at bank and in hand | 54/58 | €1,768 | €18,454 | +€16,686 | +943.6% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,769 | +€339 | +23.7% |
| Total equity and liabilities | 10/49 | €214,938 | €207,618 | -€7,320 | -3.4% |
| Equity | 10/15 | €57,946 | €65,806 | +€7,861 | +13.6% |
| Contributions | 10/11 | €6,333 | €6,333 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,752 | €57,613 | +€7,861 | +15.8% |
| Amounts payable | 17/49 | €156,992 | €141,812 | -€15,181 | -9.7% |
| Amounts payable within one year | 42/48 | €156,992 | €141,812 | -€15,181 | -9.7% |
| Trade debts | 44 | €138,827 | €107,105 | -€31,721 | -22.8% |
| Suppliers | 440/4 | €138,827 | €107,105 | -€31,721 | -22.8% |
| Taxes, remuneration and social security | 45 | €13,979 | €25,538 | +€11,559 | +82.7% |
| Taxes | 450/3 | €290 | €10,457 | +€10,167 | +3504.5% |
| Remuneration and social security | 454/9 | €13,689 | €15,081 | +€1,393 | +10.2% |
| Other amounts payable | 47/48 | €4,187 | €9,168 | +€4,981 | +119.0% |
| Remuneration, social security and pensions | 62 | €112,599 | €124,847 | +€12,248 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,252 | €2,769 | +€1,518 | +121.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €112,695 | €140,170 | +€27,475 | +24.4% |
| Operating profit (loss) | 9901 | -€1,542 | €12,155 | +€13,697 | |
| Financial income | 75/76B | €129 | €0 | -€129 | -100.0% |
| Recurring financial income | 75 | €129 | €0 | -€129 | -100.0% |
| Financial charges | 65/66B | €485 | €353 | -€133 | -27.3% |
| Recurring financial charges | 65 | €485 | €353 | -€133 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,898 | €11,802 | +€13,700 | |
| Income taxes | 67/77 | €290 | €3,942 | +€3,651 | +1258.7% |
| Profit (loss) for the period | 9904 | -€2,188 | €7,861 | +€10,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,188 | €7,861 | +€10,049 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.