SANDASPACE: 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.
SANDASPACE
Largest movements
- Tangible fixed assets -€22,235
down €22,235 (-7.4%), from €299,592 to €277,357
of which Land and buildings: -€11,177
- Receivables within one year -€4,956
down €4,956 (-92.6%), from €5,351 to €395
of which Trade receivables: -€3,116
- Other debts -€25,535
down €25,535 (-22.4%), from €113,981 to €88,447
- Debts after one year -€13,789
down €13,789 (-15.6%), from €88,160 to €74,371
- Profit (loss) carried forward +€13,282
up €13,282 (+31.4%), from €42,363 to €55,645
- Current portion of long-term debt +€6,948
up €6,948 (+47.8%), from €14,525 to €21,472
- Trade debts -€3,633
down €3,633 (-73.9%), from €4,920 to €1,286
- Gross operating margin +€2,836
up €2,836 (+6.4%), from €44,549 to €47,386
- Taxes +€873
up €873 (+24.3%), from €3,594 to €4,467
- Financial charges -€691
down €691 (-14.8%), from €4,672 to €3,981
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 | €305,960 | €280,149 | -€25,811 | -8.4% |
| Fixed assets | 21/28 | €299,592 | €277,357 | -€22,235 | -7.4% |
| Tangible fixed assets | 22/27 | €299,592 | €277,357 | -€22,235 | -7.4% |
| Land and buildings | 22 | €277,517 | €266,340 | -€11,177 | -4.0% |
| Plant, machinery and equipment | 23 | €22,075 | €11,017 | -€11,058 | -50.1% |
| Current assets | 29/58 | €6,368 | €2,792 | -€3,576 | -56.2% |
| Amounts receivable within one year | 40/41 | €5,351 | €395 | -€4,956 | -92.6% |
| Trade receivables | 40 | €3,116 | €0 | -€3,116 | -100.0% |
| Other amounts receivable | 41 | €2,235 | €395 | -€1,840 | -82.3% |
| Cash at bank and in hand | 54/58 | €1,016 | €2,397 | +€1,380 | +135.8% |
| Total equity and liabilities | 10/49 | €305,960 | €280,149 | -€25,811 | -8.4% |
| Equity | 10/15 | €80,823 | €94,105 | +€13,282 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,860 | €19,860 | = | 0.0% |
| 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 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,363 | €55,645 | +€13,282 | +31.4% |
| Amounts payable | 17/49 | €225,137 | €186,044 | -€39,093 | -17.4% |
| Amounts payable after more than one year | 17 | €88,160 | €74,371 | -€13,789 | -15.6% |
| Financial debts | 170/4 | €88,160 | €74,371 | -€13,789 | -15.6% |
| Amounts payable within one year | 42/48 | €136,977 | €111,672 | -€25,304 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €14,525 | €21,472 | +€6,948 | +47.8% |
| Financial debts | 43 | €3,551 | €0 | -€3,551 | -100.0% |
| Credit institutions | 430/8 | €3,551 | €0 | -€3,551 | -100.0% |
| Trade debts | 44 | €4,920 | €1,286 | -€3,633 | -73.9% |
| Suppliers | 440/4 | €4,920 | €1,286 | -€3,633 | -73.9% |
| Taxes, remuneration and social security | 45 | - | €467 | +€467 | |
| Taxes | 450/3 | - | €467 | +€467 | |
| Other amounts payable | 47/48 | €113,981 | €88,447 | -€25,535 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,235 | €22,235 | = | 0.0% |
| Other operating charges | 640/8 | €3,222 | €3,421 | +€199 | +6.2% |
| Gross operating margin | 9900 | €44,549 | €47,386 | +€2,836 | +6.4% |
| Operating profit (loss) | 9901 | €19,092 | €21,730 | +€2,638 | +13.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +440.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +440.0% |
| Financial charges | 65/66B | €4,672 | €3,981 | -€691 | -14.8% |
| Recurring financial charges | 65 | €4,672 | €3,981 | -€691 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €14,420 | €17,749 | +€3,329 | +23.1% |
| Income taxes | 67/77 | €3,594 | €4,467 | +€873 | +24.3% |
| Profit (loss) for the period | 9904 | €10,826 | €13,282 | +€2,456 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,826 | €13,282 | +€2,456 | +22.7% |
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 10 October 2026 via checked.be.