Sadzo Liandra: 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.
Sadzo Liandra
Largest movements
- Cash -€101,547
down €101,547 (-72.9%), from €139,305 to €37,758
mainly Contributions, distributions and other (-€180,000) and Tax, wage and social debts (-€4,508)
- Receivables within one year -€73,203
down €73,203 (-74.4%), from €98,401 to €25,198
- Reserves -€181,889
down €181,889 (-85.2%), from €213,410 to €31,520
- Other debts +€7,814
up €7,814 (+1,868%), from €418 to €8,232
- Trade debts +€5,034
up €5,034 (+1,524%), from €330 to €5,365
- Tax, wage and social debts -€4,508
down €4,508 (-20.0%), from €22,541 to €18,033
- Gross operating margin -€113,187
down €113,187 (-99.9%), from €113,308 to €121
- Taxes -€23,724
down €23,724 (-98.9%), from €23,994 to €270
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 | €239,200 | €65,650 | -€173,550 | -72.6% |
| Fixed assets | 21/28 | €1,494 | €2,695 | +€1,201 | +80.4% |
| Tangible fixed assets | 22/27 | €1,494 | €2,695 | +€1,201 | +80.4% |
| Plant, machinery and equipment | 23 | €1,494 | €2,695 | +€1,201 | +80.4% |
| Current assets | 29/58 | €237,706 | €62,956 | -€174,750 | -73.5% |
| Amounts receivable within one year | 40/41 | €98,401 | €25,198 | -€73,203 | -74.4% |
| Trade receivables | 40 | €98,401 | €25,198 | -€73,203 | -74.4% |
| Cash at bank and in hand | 54/58 | €139,305 | €37,758 | -€101,547 | -72.9% |
| Total equity and liabilities | 10/49 | €239,200 | €65,650 | -€173,550 | -72.6% |
| Equity | 10/15 | €215,910 | €34,020 | -€181,889 | -84.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €213,410 | €31,520 | -€181,889 | -85.2% |
| Distributable reserves | 133 | €213,410 | €31,520 | -€181,889 | -85.2% |
| Amounts payable | 17/49 | €23,290 | €31,630 | +€8,340 | +35.8% |
| Amounts payable within one year | 42/48 | €23,290 | €31,630 | +€8,340 | +35.8% |
| Trade debts | 44 | €330 | €5,365 | +€5,034 | +1,524% |
| Suppliers | 440/4 | €330 | €5,365 | +€5,034 | +1,524% |
| Taxes, remuneration and social security | 45 | €22,541 | €18,033 | -€4,508 | -20.0% |
| Taxes | 450/3 | €22,541 | €18,033 | -€4,508 | -20.0% |
| Other amounts payable | 47/48 | €418 | €8,232 | +€7,814 | +1,868% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €633 | +€212 | +50.3% |
| Other operating charges | 640/8 | €478 | €328 | -€150 | -31.4% |
| Gross operating margin | 9900 | €113,308 | €121 | -€113,187 | -99.9% |
| Operating profit (loss) | 9901 | €112,409 | -€839 | -€113,248 | |
| Financial income | 75/76B | €358 | €0 | -€358 | -100.0% |
| Recurring financial income | 75 | €358 | €0 | -€358 | -100.0% |
| Financial charges | 65/66B | €288 | €780 | +€492 | +171% |
| Recurring financial charges | 65 | €288 | €780 | +€492 | +171% |
| Profit (loss) for the period before taxes | 9903 | €112,478 | -€1,620 | -€114,098 | |
| Income taxes | 67/77 | €23,994 | €270 | -€23,724 | -98.9% |
| Profit (loss) for the period | 9904 | €88,484 | -€1,889 | -€90,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,484 | -€1,889 | -€90,374 |
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.