DIANA SANCHEZ: 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.
DIANA SANCHEZ
Largest movements
- Cash -€41,509
down €41,509 (-50.0%), from €82,980 to €41,471
mainly Other debts (-€45,544) and Debts after one year (-€29,841)
- Tangible fixed assets -€21,350
down €21,350 (-11.0%), from €194,318 to €172,968
of which Land and buildings: -€17,750
- Deferred charges and accrued income +€5,992
up €5,992 (+43.6%), from €13,736 to €19,728
- Other debts -€45,544
down €45,544 (-94.9%), from €48,000 to €2,456
- Debts after one year -€29,841
down €29,841 (-21.7%), from €137,321 to €107,480
- Reserves +€17,260
up €17,260 (+27.9%), from €61,873 to €79,133
of which Distributable reserves: +€17,260
- Gross operating margin -€8,148
down €8,148 (-8.3%), from €98,506 to €90,359
- Taxes +€2,393
up €2,393 (+15.3%), from €15,654 to €18,047
- Financial charges -€1,228
down €1,228 (-21.0%), from €5,834 to €4,606
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 | €292,148 | €234,279 | -€57,870 | -19.8% |
| Fixed assets | 21/28 | €194,363 | €173,013 | -€21,350 | -11.0% |
| Tangible fixed assets | 22/27 | €194,318 | €172,968 | -€21,350 | -11.0% |
| Land and buildings | 22 | €182,450 | €164,700 | -€17,750 | -9.7% |
| Plant, machinery and equipment | 23 | €1,680 | €748 | -€932 | -55.5% |
| Furniture and vehicles | 24 | - | €1,487 | +€1,487 | |
| Other tangible fixed assets | 26 | €10,188 | €6,034 | -€4,155 | -40.8% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €97,785 | €61,265 | -€36,520 | -37.3% |
| Amounts receivable within one year | 40/41 | €1,069 | €67 | -€1,003 | -93.8% |
| Trade receivables | 40 | €595 | - | -€595 | |
| Other amounts receivable | 41 | €474 | €67 | -€408 | -86.0% |
| Cash at bank and in hand | 54/58 | €82,980 | €41,471 | -€41,509 | -50.0% |
| Deferred charges and accrued income | 490/1 | €13,736 | €19,728 | +€5,992 | +43.6% |
| Total equity and liabilities | 10/49 | €292,148 | €234,279 | -€57,870 | -19.8% |
| Equity | 10/15 | €74,367 | €91,631 | +€17,264 | +23.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €61,873 | €79,133 | +€17,260 | +27.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,013 | €77,273 | +€17,260 | +28.8% |
| Profit (loss) carried forward | 14 | €94 | €98 | +€4 | +4.6% |
| Amounts payable | 17/49 | €217,781 | €142,647 | -€75,134 | -34.5% |
| Amounts payable after more than one year | 17 | €137,321 | €107,480 | -€29,841 | -21.7% |
| Financial debts | 170/4 | €137,321 | €107,480 | -€29,841 | -21.7% |
| Amounts payable within one year | 42/48 | €80,460 | €35,167 | -€45,293 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €28,849 | €29,841 | +€992 | +3.4% |
| Trade debts | 44 | €2,267 | €2,567 | +€300 | +13.2% |
| Suppliers | 440/4 | €2,267 | €2,567 | +€300 | +13.2% |
| Taxes, remuneration and social security | 45 | €1,345 | €304 | -€1,041 | -77.4% |
| Taxes | 450/3 | €1,163 | - | -€1,163 | |
| Remuneration and social security | 454/9 | €182 | €304 | +€122 | +67.3% |
| Other amounts payable | 47/48 | €48,000 | €2,456 | -€45,544 | -94.9% |
| Remuneration, social security and pensions | 62 | - | €738 | +€738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,719 | €23,030 | +€311 | +1.4% |
| Other operating charges | 640/8 | €894 | €925 | +€31 | +3.5% |
| Gross operating margin | 9900 | €98,506 | €90,359 | -€8,148 | -8.3% |
| Operating profit (loss) | 9901 | €74,893 | €65,666 | -€9,228 | -12.3% |
| Financial income | 75/76B | €428 | €551 | +€123 | +28.8% |
| Recurring financial income | 75 | €428 | €551 | +€123 | +28.8% |
| Financial charges | 65/66B | €5,834 | €4,606 | -€1,228 | -21.0% |
| Recurring financial charges | 65 | €5,834 | €4,606 | -€1,228 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €69,487 | €61,611 | -€7,876 | -11.3% |
| Income taxes | 67/77 | €15,654 | €18,047 | +€2,393 | +15.3% |
| Profit (loss) for the period | 9904 | €53,833 | €43,564 | -€10,269 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,833 | €43,564 | -€10,269 | -19.1% |
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 23 October 2026 via checked.be.