SANZIDA: 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.
SANZIDA
Largest movements
- Tangible fixed assets +€28,272
up €28,272 (+6,832%), from €414 to €28,686
- Deferred charges and accrued income +€20,174
up €20,174 (+4,674%), from €432 to €20,605
- Stocks and contracts +€9,771
up €9,771 (+186%), from €5,250 to €15,021
- Receivables within one year -€3,438
down €3,438 (-9.6%), from €35,969 to €32,531
of which Other amounts receivable: -€10,776
- Cash +€1,917
up €1,917 (+224%), from €855 to €2,772
mainly Other debts (+€26,502) and Trade debts (+€25,117)
- Other debts +€26,502
new in 2025: €26,502
- Trade debts +€25,117
up €25,117 (+469%), from €5,356 to €30,473
- Tax, wage and social debts +€6,048
up €6,048 (+79.8%), from €7,575 to €13,623
of which Remuneration and social security: +€5,084
- Gross operating margin -€7,613
down €7,613 (-25.5%), from €29,910 to €22,297
- Staff costs +€4,883
up €4,883 (+52.6%), from €9,285 to €14,168
- Taxes -€3,930
down €3,930 (-75.7%), from €5,190 to €1,261
- Other operating charges +€2,679
up €2,679 (+314%), from €852 to €3,531
- Depreciation +€1,911
up €1,911 (+472%), from €405 to €2,316
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 | €43,920 | €100,615 | +€56,696 | +129% |
| Fixed assets | 21/28 | €1,414 | €29,686 | +€28,272 | +2,000% |
| Tangible fixed assets | 22/27 | €414 | €28,686 | +€28,272 | +6,832% |
| Furniture and vehicles | 24 | €414 | €28,686 | +€28,272 | +6,832% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €42,506 | €70,929 | +€28,423 | +66.9% |
| Stocks and contracts in progress | 3 | €5,250 | €15,021 | +€9,771 | +186% |
| Stocks | 30/36 | €5,250 | €15,021 | +€9,771 | +186% |
| Amounts receivable within one year | 40/41 | €35,969 | €32,531 | -€3,438 | -9.6% |
| Trade receivables | 40 | €16,756 | €24,095 | +€7,338 | +43.8% |
| Other amounts receivable | 41 | €19,213 | €8,436 | -€10,776 | -56.1% |
| Cash at bank and in hand | 54/58 | €855 | €2,772 | +€1,917 | +224% |
| Deferred charges and accrued income | 490/1 | €432 | €20,605 | +€20,174 | +4,674% |
| Total equity and liabilities | 10/49 | €43,920 | €100,615 | +€56,696 | +129% |
| Equity | 10/15 | €30,988 | €30,017 | -€971 | -3.1% |
| Contributions | 10/11 | €8,300 | €8,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,828 | €19,857 | -€971 | -4.7% |
| Amounts payable | 17/49 | €12,931 | €70,598 | +€57,667 | +446% |
| Amounts payable within one year | 42/48 | €12,931 | €70,598 | +€57,667 | +446% |
| Trade debts | 44 | €5,356 | €30,473 | +€25,117 | +469% |
| Suppliers | 440/4 | €5,356 | €30,473 | +€25,117 | +469% |
| Taxes, remuneration and social security | 45 | €7,575 | €13,623 | +€6,048 | +79.8% |
| Taxes | 450/3 | €6,389 | €7,353 | +€963 | +15.1% |
| Remuneration and social security | 454/9 | €1,186 | €6,270 | +€5,084 | +429% |
| Other amounts payable | 47/48 | - | €26,502 | +€26,502 | |
| Non-recurring operating income | 76A | €1,020 | - | -€1,020 | |
| Remuneration, social security and pensions | 62 | €9,285 | €14,168 | +€4,883 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €2,316 | +€1,911 | +472% |
| Other operating charges | 640/8 | €852 | €3,531 | +€2,679 | +314% |
| Non-recurring operating charges | 66A | - | -€466 | -€466 | |
| Gross operating margin | 9900 | €29,910 | €22,297 | -€7,613 | -25.5% |
| Operating profit (loss) | 9901 | €19,368 | €2,748 | -€16,620 | -85.8% |
| Financial income | 75/76B | €142 | €11 | -€132 | -92.4% |
| Recurring financial income | 75 | €16 | €11 | -€6 | -33.9% |
| Non-recurring financial income | 76B | €126 | - | -€126 | |
| Financial charges | 65/66B | €1,400 | €2,469 | +€1,069 | +76.3% |
| Recurring financial charges | 65 | €464 | €142 | -€321 | -69.3% |
| Non-recurring financial charges | 66B | €937 | €2,327 | +€1,390 | +148% |
| Profit (loss) for the period before taxes | 9903 | €18,110 | €290 | -€17,820 | -98.4% |
| Income taxes | 67/77 | €5,190 | €1,261 | -€3,930 | -75.7% |
| Profit (loss) for the period | 9904 | €12,920 | -€971 | -€13,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,920 | -€971 | -€13,891 |
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 18 October 2026 via checked.be.