SAN-DOG: 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.
SAN-DOG
Largest movements
- Tangible fixed assets +€15,306
up €15,306 (+1,788%), from €856 to €16,162
of which Plant, machinery and equipment: +€15,640
- Cash +€2,221
up €2,221 (+99.5%), from €2,231 to €4,452
mainly Current portion of long-term debt (+€5,057) and Net result for the year (+€4,599)
- Receivables within one year -€1,548
down €1,548 (-50.9%), from €3,040 to €1,492
- Deferred charges and accrued income -€1,316
down €1,316 (-97.3%), from €1,353 to €37
- Current portion of long-term debt +€5,057
new in 2025: €5,057
- Profit (loss) carried forward +€4,599
up €4,599 (+71.9%), from -€6,400 to -€1,801
- Debts after one year +€4,009
new in 2025: €4,009
- Trade debts +€916
up €916 (+982%), from €93 to €1,010
- Tax, wage and social debts -€854
down €854 (-62.6%), from €1,365 to €511
- Gross operating margin +€4,136
up €4,136 (+142%), from €2,905 to €7,042
- Financial charges +€658
up €658 (+73.4%), from €896 to €1,554
- Depreciation +€593
up €593 (+403%), from €147 to €740
- Other operating charges -€106
down €106 (-41.7%), from €255 to €149
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 | €7,780 | €22,443 | +€14,663 | +188% |
| Fixed assets | 21/28 | €1,156 | €16,462 | +€15,306 | +1,324% |
| Tangible fixed assets | 22/27 | €856 | €16,162 | +€15,306 | +1,788% |
| Plant, machinery and equipment | 23 | - | €15,640 | +€15,640 | |
| Furniture and vehicles | 24 | €856 | €522 | -€334 | -39.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €6,624 | €5,981 | -€643 | -9.7% |
| Amounts receivable within one year | 40/41 | €3,040 | €1,492 | -€1,548 | -50.9% |
| Trade receivables | 40 | €3,040 | €1,492 | -€1,548 | -50.9% |
| Cash at bank and in hand | 54/58 | €2,231 | €4,452 | +€2,221 | +99.5% |
| Deferred charges and accrued income | 490/1 | €1,353 | €37 | -€1,316 | -97.3% |
| Total equity and liabilities | 10/49 | €7,780 | €22,443 | +€14,663 | +188% |
| Equity | 10/15 | €6,153 | €10,752 | +€4,599 | +74.8% |
| Contributions | 10/11 | €11,659 | €11,659 | = | 0.0% |
| Reserves | 13 | €893 | €893 | = | 0.0% |
| Distributable reserves | 133 | €893 | €893 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,400 | -€1,801 | +€4,599 | +71.9% |
| Amounts payable | 17/49 | €1,628 | €11,691 | +€10,063 | +618% |
| Amounts payable after more than one year | 17 | - | €4,009 | +€4,009 | |
| Financial debts | 170/4 | - | €4,009 | +€4,009 | |
| Amounts payable within one year | 42/48 | €1,628 | €7,551 | +€5,924 | +364% |
| Current portion of amounts payable after more than one year | 42 | - | €5,057 | +€5,057 | |
| Trade debts | 44 | €93 | €1,010 | +€916 | +982% |
| Suppliers | 440/4 | €93 | €1,010 | +€916 | +982% |
| Taxes, remuneration and social security | 45 | €1,365 | €511 | -€854 | -62.6% |
| Taxes | 450/3 | €1,365 | €511 | -€854 | -62.6% |
| Other amounts payable | 47/48 | €169 | €975 | +€805 | +476% |
| Accrued charges and deferred income | 492/3 | - | €131 | +€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147 | €740 | +€593 | +403% |
| Other operating charges | 640/8 | €255 | €149 | -€106 | -41.7% |
| Gross operating margin | 9900 | €2,905 | €7,042 | +€4,136 | +142% |
| Operating profit (loss) | 9901 | €2,503 | €6,153 | +€3,650 | +146% |
| Financial charges | 65/66B | €896 | €1,554 | +€658 | +73.4% |
| Recurring financial charges | 65 | €896 | €1,554 | +€658 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | €1,607 | €4,599 | +€2,992 | +186% |
| Profit (loss) for the period | 9904 | €1,607 | €4,599 | +€2,992 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €1,607 | €4,599 | +€2,992 | +186% |
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 21 October 2026 via checked.be.