Sand Insure: 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 Insure
Largest movements
- Receivables after one year -€40,000
down €40,000 (-100%), from €40,000 to €0
- Financial fixed assets +€12,615
up €12,615 (+31.9%), from €39,600 to €52,215
- Cash +€10,980
up €10,980 (+35.4%), from €31,046 to €42,026
mainly Net result for the year (+€56,401) and Receivables after one year (+€40,000)
- Other debts +€34,198
up €34,198 (+62.0%), from €55,178 to €89,377
- Debts after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
- Profit (loss) carried forward -€21,077
down €21,077 (-98.1%), from €21,478 to €401
- Accrued charges and deferred income -€2,406
down €2,406 (-100%), from €2,406 to €0
- Current portion of long-term debt -€2,256
down €2,256 (-88.0%), from €2,564 to €308
- Financial income -€4,100
down €4,100 (-8.3%), from €49,450 to €45,350
- Gross operating margin -€3,553
down €3,553 (-14.7%), from €24,191 to €20,639
- Financial charges -€2,385
down €2,385 (-51.1%), from €4,667 to €2,282
- Taxes -€484
down €484 (-8.2%), from €5,939 to €5,454
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 | €119,743 | €103,298 | -€16,444 | -13.7% |
| Fixed assets | 21/28 | €44,023 | €57,176 | +€13,154 | +29.9% |
| Tangible fixed assets | 22/27 | €4,423 | €4,961 | +€539 | +12.2% |
| Plant, machinery and equipment | 23 | €2,575 | €1,813 | -€762 | -29.6% |
| Furniture and vehicles | 24 | €1,847 | €3,148 | +€1,301 | +70.4% |
| Financial fixed assets | 28 | €39,600 | €52,215 | +€12,615 | +31.9% |
| Current assets | 29/58 | €75,720 | €46,122 | -€29,598 | -39.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €0 | -€40,000 | -100% |
| Other amounts receivable | 291 | €40,000 | €0 | -€40,000 | -100% |
| Amounts receivable within one year | 40/41 | €61 | €546 | +€484 | +790% |
| Other amounts receivable | 41 | €61 | €546 | +€484 | +790% |
| Cash at bank and in hand | 54/58 | €31,046 | €42,026 | +€10,980 | +35.4% |
| Deferred charges and accrued income | 490/1 | €4,613 | €3,550 | -€1,063 | -23.0% |
| Total equity and liabilities | 10/49 | €119,743 | €103,298 | -€16,444 | -13.7% |
| Equity | 10/15 | €33,478 | €12,401 | -€21,077 | -63.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,478 | €401 | -€21,077 | -98.1% |
| Amounts payable | 17/49 | €86,265 | €90,898 | +€4,633 | +5.4% |
| Amounts payable after more than one year | 17 | €25,000 | €0 | -€25,000 | -100% |
| Other amounts payable | 178/9 | €25,000 | €0 | -€25,000 | -100% |
| Amounts payable within one year | 42/48 | €58,859 | €90,898 | +€32,039 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €2,564 | €308 | -€2,256 | -88.0% |
| Trade debts | 44 | €1,117 | €1,213 | +€96 | +8.6% |
| Suppliers | 440/4 | €1,117 | €1,213 | +€96 | +8.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,178 | €89,377 | +€34,198 | +62.0% |
| Accrued charges and deferred income | 492/3 | €2,406 | €0 | -€2,406 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251 | €1,389 | +€138 | +11.1% |
| Other operating charges | 640/8 | €387 | €463 | +€75 | +19.5% |
| Gross operating margin | 9900 | €24,191 | €20,639 | -€3,553 | -14.7% |
| Operating profit (loss) | 9901 | €22,553 | €18,787 | -€3,767 | -16.7% |
| Financial income | 75/76B | €49,450 | €45,350 | -€4,100 | -8.3% |
| Recurring financial income | 75 | €49,450 | €45,350 | -€4,100 | -8.3% |
| Financial charges | 65/66B | €4,667 | €2,282 | -€2,385 | -51.1% |
| Recurring financial charges | 65 | €4,667 | €2,282 | -€2,385 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €67,337 | €61,855 | -€5,482 | -8.1% |
| Income taxes | 67/77 | €5,939 | €5,454 | -€484 | -8.2% |
| Profit (loss) for the period | 9904 | €61,398 | €56,401 | -€4,997 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,398 | €56,401 | -€4,997 | -8.1% |
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 19 October 2026 via checked.be.