SanDBa: 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.
SanDBa
Largest movements
- Cash +€95,131
up €95,131 (+257.7%), from €36,922 to €132,053
mainly Net result for the year (+€86,210) and Other debts (+€71,677)
- Tangible fixed assets -€11,239
down €11,239 (-19.2%), from €58,539 to €47,300
- Receivables within one year -€8,581
down €8,581 (-64.0%), from €13,409 to €4,829
- Other debts +€71,677
up €71,677 (+113.9%), from €62,941 to €134,619
- Gross operating margin +€26,952
up €26,952 (+25.6%), from €105,186 to €132,138
- Taxes +€5,411
up €5,411 (+30.5%), from €17,761 to €23,172
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 | €164,866 | €238,180 | +€73,314 | +44.5% |
| Fixed assets | 21/28 | €67,519 | €54,336 | -€13,183 | -19.5% |
| Intangible fixed assets | 21 | €8,980 | €7,036 | -€1,944 | -21.6% |
| Tangible fixed assets | 22/27 | €58,539 | €47,300 | -€11,239 | -19.2% |
| Plant, machinery and equipment | 23 | €14,565 | €11,329 | -€3,236 | -22.2% |
| Furniture and vehicles | 24 | €12,128 | €8,799 | -€3,329 | -27.5% |
| Other tangible fixed assets | 26 | €31,845 | €27,172 | -€4,673 | -14.7% |
| Current assets | 29/58 | €97,347 | €183,843 | +€86,497 | +88.9% |
| Amounts receivable within one year | 40/41 | €13,409 | €4,829 | -€8,581 | -64.0% |
| Other amounts receivable | 41 | €13,409 | €4,829 | -€8,581 | -64.0% |
| Current investments | 50/53 | €45,000 | €45,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,922 | €132,053 | +€95,131 | +257.7% |
| Deferred charges and accrued income | 490/1 | €2,015 | €1,961 | -€54 | -2.7% |
| Total equity and liabilities | 10/49 | €164,866 | €238,180 | +€73,314 | +44.5% |
| Equity | 10/15 | €49,467 | €49,467 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,967 | €46,967 | = | 0.0% |
| Distributable reserves | 133 | €46,967 | €46,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,398 | €188,712 | +€73,314 | +63.5% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,784 | €137,395 | +€72,612 | +112.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,842 | €2,777 | +€935 | +50.7% |
| Suppliers | 440/4 | €1,842 | €2,777 | +€935 | +50.7% |
| Other amounts payable | 47/48 | €62,941 | €134,619 | +€71,677 | +113.9% |
| Accrued charges and deferred income | 492/3 | €25,615 | €26,317 | +€702 | +2.7% |
| Remuneration, social security and pensions | 62 | €2,562 | €3,675 | +€1,114 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,094 | €13,183 | +€89 | +0.7% |
| Other operating charges | 640/8 | €204 | €931 | +€727 | +355.8% |
| Gross operating margin | 9900 | €105,186 | €132,138 | +€26,952 | +25.6% |
| Operating profit (loss) | 9901 | €89,326 | €114,349 | +€25,022 | +28.0% |
| Financial income | 75/76B | €1 | €4 | +€3 | +542.6% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +542.6% |
| Financial charges | 65/66B | €4,109 | €4,971 | +€863 | +21.0% |
| Recurring financial charges | 65 | €4,109 | €4,971 | +€863 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €85,218 | €109,381 | +€24,163 | +28.4% |
| Income taxes | 67/77 | €17,761 | €23,172 | +€5,411 | +30.5% |
| Profit (loss) for the period | 9904 | €67,457 | €86,210 | +€18,752 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,457 | €86,210 | +€18,752 | +27.8% |
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.