X-SANATEC: 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.
X-SANATEC
Largest movements
- Cash +€229,287
up €229,287 (+83.8%), from €273,491 to €502,778
mainly Receivables within one year (+€139,193) and Other debts (+€92,717)
- Receivables within one year -€139,193
down €139,193 (-39.6%), from €351,086 to €211,893
of which Trade receivables: -€152,281
- Stocks and contracts -€16,691
down €16,691 (-9.0%), from €184,614 to €167,923
- Other debts +€92,717
up €92,717 (+371%), from €25,000 to €117,717
- Trade debts -€18,105
down €18,105 (-6.0%), from €299,869 to €281,764
- Tax, wage and social debts -€10,956
down €10,956 (-46.4%), from €23,622 to €12,666
of which Taxes: -€11,317
- Gross operating margin -€37,578
down €37,578 (-26.6%), from €141,084 to €103,506
- Taxes -€8,434
down €8,434 (-59.6%), from €14,142 to €5,708
- Staff costs +€5,133
up €5,133 (+9.3%), from €55,017 to €60,150
- Depreciation -€4,013
down €4,013 (-61.3%), from €6,542 to €2,529
- Financial income +€1,914
up €1,914 (+296%), from €647 to €2,561
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 | €819,501 | €890,049 | +€70,547 | +8.6% |
| Fixed assets | 21/28 | €6,995 | €2,821 | -€4,174 | -59.7% |
| Tangible fixed assets | 22/27 | €6,995 | €2,821 | -€4,174 | -59.7% |
| Plant, machinery and equipment | 23 | €5,454 | €2,371 | -€3,082 | -56.5% |
| Furniture and vehicles | 24 | €1,541 | €450 | -€1,092 | -70.8% |
| Current assets | 29/58 | €812,506 | €887,228 | +€74,722 | +9.2% |
| Stocks and contracts in progress | 3 | €184,614 | €167,923 | -€16,691 | -9.0% |
| Stocks | 30/36 | €184,614 | €167,923 | -€16,691 | -9.0% |
| Amounts receivable within one year | 40/41 | €351,086 | €211,893 | -€139,193 | -39.6% |
| Trade receivables | 40 | €326,929 | €174,648 | -€152,281 | -46.6% |
| Other amounts receivable | 41 | €24,157 | €37,245 | +€13,087 | +54.2% |
| Cash at bank and in hand | 54/58 | €273,491 | €502,778 | +€229,287 | +83.8% |
| Deferred charges and accrued income | 490/1 | €3,315 | €4,633 | +€1,319 | +39.8% |
| Total equity and liabilities | 10/49 | €819,501 | €890,049 | +€70,547 | +8.6% |
| Equity | 10/15 | €470,734 | €477,902 | +€7,168 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €408,734 | €415,902 | +€7,168 | +1.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €402,534 | €409,702 | +€7,168 | +1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €348,767 | €412,147 | +€63,379 | +18.2% |
| Amounts payable within one year | 42/48 | €348,491 | €412,147 | +€63,656 | +18.3% |
| Trade debts | 44 | €299,869 | €281,764 | -€18,105 | -6.0% |
| Suppliers | 440/4 | €299,869 | €281,764 | -€18,105 | -6.0% |
| Taxes, remuneration and social security | 45 | €23,622 | €12,666 | -€10,956 | -46.4% |
| Taxes | 450/3 | €17,025 | €5,708 | -€11,317 | -66.5% |
| Remuneration and social security | 454/9 | €6,597 | €6,958 | +€361 | +5.5% |
| Other amounts payable | 47/48 | €25,000 | €117,717 | +€92,717 | +371% |
| Accrued charges and deferred income | 492/3 | €276 | €0 | -€276 | -100% |
| Non-recurring operating income | 76A | - | €9,408 | +€9,408 | |
| Remuneration, social security and pensions | 62 | €55,017 | €60,150 | +€5,133 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,542 | €2,529 | -€4,013 | -61.3% |
| Other operating charges | 640/8 | €2,147 | €1,607 | -€540 | -25.2% |
| Gross operating margin | 9900 | €141,084 | €103,506 | -€37,578 | -26.6% |
| Operating profit (loss) | 9901 | €77,378 | €39,220 | -€38,157 | -49.3% |
| Financial income | 75/76B | €647 | €2,561 | +€1,914 | +296% |
| Recurring financial income | 75 | €647 | €2,561 | +€1,914 | +296% |
| Financial charges | 65/66B | €3,028 | €3,905 | +€877 | +29.0% |
| Recurring financial charges | 65 | €3,028 | €3,905 | +€877 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €74,997 | €37,876 | -€37,121 | -49.5% |
| Income taxes | 67/77 | €14,142 | €5,708 | -€8,434 | -59.6% |
| Profit (loss) for the period | 9904 | €60,855 | €32,168 | -€28,687 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,855 | €32,168 | -€28,687 | -47.1% |
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 20 October 2026 via checked.be.