SAND: 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.
SAND
Largest movements
- Receivables within one year -€12,651
down €12,651 (-24.3%), from €52,152 to €39,500
of which Trade receivables: -€12,960
- Deferred charges and accrued income +€8,370
up €8,370 (+513.6%), from €1,630 to €10,000
- Tangible fixed assets -€5,999
down €5,999 (-76.0%), from €7,897 to €1,898
of which Furniture and vehicles: -€5,401
- Cash +€2,571
up €2,571 (+6.1%), from €42,152 to €44,723
mainly Receivables within one year (+€12,651) and Net result for the year (+€6,420)
- Trade debts -€7,973
down €7,973 (-18.6%), from €42,887 to €34,915
of which Suppliers: -€30,534
- Tax, wage and social debts -€6,156
down €6,156 (-43.1%), from €14,292 to €8,135
of which Remuneration and social security: -€5,670
- Reserves +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Profit (loss) carried forward +€1,420
up €1,420 (+6.0%), from €23,622 to €25,042
- Turnover -€20,782
down €20,782 (-4.3%), from €487,816 to €467,034
- Purchases and services -€17,636
down €17,636 (-3.8%), from €468,457 to €450,821
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.
Cash bridge derived
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 | €103,861 | €96,152 | -€7,709 | -7.4% |
| Fixed assets | 21/28 | €7,927 | €1,928 | -€5,999 | -75.7% |
| Tangible fixed assets | 22/27 | €7,897 | €1,898 | -€5,999 | -76.0% |
| Plant, machinery and equipment | 23 | €1,832 | €1,234 | -€598 | -32.6% |
| Furniture and vehicles | 24 | €6,065 | €664 | -€5,401 | -89.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €95,934 | €94,224 | -€1,710 | -1.8% |
| Amounts receivable within one year | 40/41 | €52,152 | €39,500 | -€12,651 | -24.3% |
| Trade receivables | 40 | €51,184 | €38,224 | -€12,960 | -25.3% |
| Other amounts receivable | 41 | €968 | €1,277 | +€308 | +31.9% |
| Cash at bank and in hand | 54/58 | €42,152 | €44,723 | +€2,571 | +6.1% |
| Deferred charges and accrued income | 490/1 | €1,630 | €10,000 | +€8,370 | +513.6% |
| Total equity and liabilities | 10/49 | €103,861 | €96,152 | -€7,709 | -7.4% |
| Equity | 10/15 | €46,682 | €53,102 | +€6,420 | +13.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Distributable reserves | 133 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Profit (loss) carried forward | 14 | €23,622 | €25,042 | +€1,420 | +6.0% |
| Amounts payable | 17/49 | €57,179 | €43,050 | -€14,129 | -24.7% |
| Amounts payable within one year | 42/48 | €57,179 | €43,050 | -€14,129 | -24.7% |
| Trade debts | 44 | €42,887 | €34,915 | -€7,973 | -18.6% |
| Suppliers | 440/4 | €42,419 | €11,885 | -€30,534 | -72.0% |
| Bills of exchange payable | 441 | €468 | €23,029 | +€22,561 | +4820.8% |
| Taxes, remuneration and social security | 45 | €14,292 | €8,135 | -€6,156 | -43.1% |
| Taxes | 450/3 | €3,063 | €2,577 | -€486 | -15.9% |
| Remuneration and social security | 454/9 | €11,228 | €5,558 | -€5,670 | -50.5% |
| Turnover | 70 | €487,816 | €467,034 | -€20,782 | -4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €468,457 | €450,821 | -€17,636 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,651 | €5,999 | -€652 | -9.8% |
| Other operating charges | 640/8 | €791 | €787 | -€4 | -0.5% |
| Gross operating margin | 9900 | €19,359 | €16,213 | -€3,146 | -16.3% |
| Operating profit (loss) | 9901 | €11,917 | €9,427 | -€2,491 | -20.9% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €878 | €430 | -€448 | -51.1% |
| Recurring financial charges | 65 | €878 | €430 | -€448 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €11,056 | €8,997 | -€2,059 | -18.6% |
| Income taxes | 67/77 | €3,063 | €2,577 | -€486 | -15.9% |
| Profit (loss) for the period | 9904 | €7,992 | €6,420 | -€1,572 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,992 | €6,420 | -€1,572 | -19.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.