Sandbish: 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.
Sandbish
Largest movements
- Receivables within one year -€60,571
down €60,571 (-69.6%), from €86,967 to €26,396
of which Other amounts receivable: -€65,570
- Cash -€56,726
down €56,726 (-30.9%), from €183,549 to €126,823
mainly Contributions, distributions and other (-€271,985) and Tax, wage and social debts (-€28,011)
- Deferred charges and accrued income +€3,716
up €3,716 (+108%), from €3,428 to €7,144
- Profit (loss) carried forward -€130,373
down €130,373 (-56.2%), from €231,985 to €101,612
- Other debts +€41,710
up €41,710, from €0 to €41,710
- Tax, wage and social debts -€28,011
down €28,011 (-74.2%), from €37,729 to €9,717
- Gross operating margin +€28,240
up €28,240 (+18.1%), from €155,847 to €184,087
- Taxes +€5,544
up €5,544 (+15.5%), from €35,741 to €41,285
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 | €275,376 | €162,621 | -€112,755 | -40.9% |
| Fixed assets | 21/28 | €1,432 | €2,258 | +€826 | +57.7% |
| Intangible fixed assets | 21 | - | €793 | +€793 | |
| Tangible fixed assets | 22/27 | €1,432 | €398 | -€1,034 | -72.2% |
| Furniture and vehicles | 24 | €1,432 | €398 | -€1,034 | -72.2% |
| Financial fixed assets | 28 | - | €1,068 | +€1,068 | |
| Current assets | 29/58 | €273,944 | €160,363 | -€113,581 | -41.5% |
| Amounts receivable within one year | 40/41 | €86,967 | €26,396 | -€60,571 | -69.6% |
| Trade receivables | 40 | €20,800 | €25,799 | +€4,999 | +24.0% |
| Other amounts receivable | 41 | €66,167 | €597 | -€65,570 | -99.1% |
| Cash at bank and in hand | 54/58 | €183,549 | €126,823 | -€56,726 | -30.9% |
| Deferred charges and accrued income | 490/1 | €3,428 | €7,144 | +€3,716 | +108% |
| Total equity and liabilities | 10/49 | €275,376 | €162,621 | -€112,755 | -40.9% |
| Equity | 10/15 | €234,985 | €104,612 | -€130,373 | -55.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,985 | €101,612 | -€130,373 | -56.2% |
| Amounts payable | 17/49 | €40,391 | €58,009 | +€17,618 | +43.6% |
| Amounts payable within one year | 42/48 | €40,391 | €58,009 | +€17,618 | +43.6% |
| Financial debts | 43 | €265 | €2,737 | +€2,472 | +934% |
| Other loans | 439 | €265 | €2,737 | +€2,472 | +934% |
| Trade debts | 44 | €2,398 | €3,846 | +€1,448 | +60.4% |
| Suppliers | 440/4 | €2,398 | €3,846 | +€1,448 | +60.4% |
| Taxes, remuneration and social security | 45 | €37,729 | €9,717 | -€28,011 | -74.2% |
| Taxes | 450/3 | €37,729 | €9,717 | -€28,011 | -74.2% |
| Other amounts payable | 47/48 | €0 | €41,710 | +€41,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,034 | €1,107 | +€73 | +7.0% |
| Other operating charges | 640/8 | - | €141 | +€141 | |
| Gross operating margin | 9900 | €155,847 | €184,087 | +€28,240 | +18.1% |
| Operating profit (loss) | 9901 | €154,813 | €182,840 | +€28,027 | +18.1% |
| Financial income | 75/76B | €3,280 | €1,813 | -€1,467 | -44.7% |
| Recurring financial income | 75 | €3,280 | €1,813 | -€1,467 | -44.7% |
| Financial charges | 65/66B | €1,011 | €1,757 | +€746 | +73.8% |
| Recurring financial charges | 65 | €1,011 | €1,757 | +€746 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €157,083 | €182,897 | +€25,814 | +16.4% |
| Income taxes | 67/77 | €35,741 | €41,285 | +€5,544 | +15.5% |
| Profit (loss) for the period | 9904 | €121,342 | €141,612 | +€20,270 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €121,342 | €141,612 | +€20,270 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.