Sanzo: 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.
Sanzo
Largest movements
- Receivables within one year +€7,050
up €7,050 (+33.0%), from €21,338 to €28,388
of which Trade receivables: +€5,865
- Cash +€6,937
up €6,937 (+93.3%), from €7,436 to €14,373
mainly Trade debts (+€14,390) and Net result for the year (+€11,128)
- Tangible fixed assets +€6,717
up €6,717 (+42.9%), from €15,674 to €22,391
of which Furniture and vehicles: +€7,260
- Deferred charges and accrued income -€1,599
down €1,599 (-93.9%), from €1,703 to €104
- Intangible fixed assets -€1,496
down €1,496 (-74.2%), from €2,016 to €520
- Trade debts +€14,390
up €14,390 (+498%), from €2,887 to €17,278
- Profit (loss) carried forward +€11,128
up €11,128 (+36.8%), from -€30,241 to -€19,113
- Current portion of long-term debt -€9,080
down €9,080 (-69.5%), from €13,061 to €3,981
- Other debts +€4,719
up €4,719 (+63.9%), from €7,387 to €12,107
- Debts after one year -€3,981
down €3,981 (-18.1%), from €22,011 to €18,030
- Gross operating margin +€12,173
up €12,173 (+105%), from €11,554 to €23,727
- Depreciation +€1,339
up €1,339 (+14.4%), from €9,313 to €10,652
- Financial charges -€491
down €491 (-30.9%), from €1,590 to €1,099
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 | €50,343 | €67,462 | +€17,120 | +34.0% |
| Formation expenses | 20 | €1,656 | €1,166 | -€490 | -29.6% |
| Fixed assets | 21/28 | €17,690 | €22,911 | +€5,221 | +29.5% |
| Intangible fixed assets | 21 | €2,016 | €520 | -€1,496 | -74.2% |
| Tangible fixed assets | 22/27 | €15,674 | €22,391 | +€6,717 | +42.9% |
| Plant, machinery and equipment | 23 | - | €6,036 | +€6,036 | |
| Furniture and vehicles | 24 | €2,899 | €10,160 | +€7,260 | +250% |
| Leasing and similar rights | 25 | €12,775 | €6,195 | -€6,580 | -51.5% |
| Current assets | 29/58 | €30,997 | €43,386 | +€12,389 | +40.0% |
| Stocks and contracts in progress | 3 | €520 | €520 | = | 0.0% |
| Stocks | 30/36 | €520 | €520 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,338 | €28,388 | +€7,050 | +33.0% |
| Trade receivables | 40 | €21,201 | €27,066 | +€5,865 | +27.7% |
| Other amounts receivable | 41 | €137 | €1,323 | +€1,185 | +864% |
| Cash at bank and in hand | 54/58 | €7,436 | €14,373 | +€6,937 | +93.3% |
| Deferred charges and accrued income | 490/1 | €1,703 | €104 | -€1,599 | -93.9% |
| Total equity and liabilities | 10/49 | €50,343 | €67,462 | +€17,120 | +34.0% |
| Equity | 10/15 | €4,886 | €16,014 | +€11,128 | +228% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €25,127 | €25,127 | = | 0.0% |
| Distributable reserves | 133 | €25,127 | €25,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,241 | -€19,113 | +€11,128 | +36.8% |
| Amounts payable | 17/49 | €45,456 | €51,448 | +€5,992 | +13.2% |
| Amounts payable after more than one year | 17 | €22,011 | €18,030 | -€3,981 | -18.1% |
| Financial debts | 170/4 | €22,011 | €18,030 | -€3,981 | -18.1% |
| Amounts payable within one year | 42/48 | €23,445 | €33,418 | +€9,973 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €13,061 | €3,981 | -€9,080 | -69.5% |
| Trade debts | 44 | €2,887 | €17,278 | +€14,390 | +498% |
| Suppliers | 440/4 | €2,887 | €17,278 | +€14,390 | +498% |
| Taxes, remuneration and social security | 45 | €110 | €53 | -€57 | -51.7% |
| Taxes | 450/3 | €110 | €53 | -€57 | -51.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,387 | €12,107 | +€4,719 | +63.9% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €44 | €0 | -€44 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,313 | €10,652 | +€1,339 | +14.4% |
| Other operating charges | 640/8 | €806 | €848 | +€42 | +5.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,554 | €23,727 | +€12,173 | +105% |
| Operating profit (loss) | 9901 | €1,391 | €12,227 | +€10,836 | +779% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,590 | €1,099 | -€491 | -30.9% |
| Recurring financial charges | 65 | €1,590 | €1,099 | -€491 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€199 | €11,128 | +€11,327 | |
| Profit (loss) for the period | 9904 | -€199 | €11,128 | +€11,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€199 | €11,128 | +€11,327 |
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 25 October 2026 via checked.be.