SANDBOX SERVICES: 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.
SANDBOX SERVICES
Largest movements
- Receivables within one year +€21,277
up €21,277 (+59.4%), from €35,833 to €57,110
of which Trade receivables: +€14,981
- Cash +€7,751
up €7,751 (+47.0%), from €16,505 to €24,257
mainly Other debts (+€30,500) and Net result for the year (+€18,741)
- Tangible fixed assets +€6,783
up €6,783 (+147.2%), from €4,608 to €11,392
- Deferred charges and accrued income -€2,624
down €2,624 (-90.9%), from €2,887 to €262
- Other debts +€30,500
new in 2025: €30,500
- Reserves -€15,397
down €15,397 (-73.3%), from €21,019 to €5,622
of which Distributable reserves: -€15,397
- Trade debts +€8,193
up €8,193 (+133.8%), from €6,122 to €14,315
- Profit (loss) carried forward +€3,638
up €3,638, from -€3,638 to €0
- Tax, wage and social debts +€2,562
up €2,562 (+14.5%), from €17,703 to €20,264
of which Taxes: +€4,462
- Gross operating margin +€11,087
up €11,087 (+46.3%), from €23,956 to €35,043
- Depreciation +€3,666
up €3,666 (+200.6%), from €1,828 to €5,493
- Other operating charges +€1,716
up €1,716 (+64.4%), from €2,664 to €4,381
- Taxes +€961
up €961 (+15.6%), from €6,179 to €7,140
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 | €59,833 | €93,020 | +€33,187 | +55.5% |
| Fixed assets | 21/28 | €4,608 | €11,392 | +€6,783 | +147.2% |
| Tangible fixed assets | 22/27 | €4,608 | €11,392 | +€6,783 | +147.2% |
| Furniture and vehicles | 24 | €4,608 | €11,392 | +€6,783 | +147.2% |
| Current assets | 29/58 | €55,225 | €81,629 | +€26,404 | +47.8% |
| Amounts receivable within one year | 40/41 | €35,833 | €57,110 | +€21,277 | +59.4% |
| Trade receivables | 40 | €16,373 | €31,355 | +€14,981 | +91.5% |
| Other amounts receivable | 41 | €19,459 | €25,755 | +€6,296 | +32.4% |
| Cash at bank and in hand | 54/58 | €16,505 | €24,257 | +€7,751 | +47.0% |
| Deferred charges and accrued income | 490/1 | €2,887 | €262 | -€2,624 | -90.9% |
| Total equity and liabilities | 10/49 | €59,833 | €93,020 | +€33,187 | +55.5% |
| Equity | 10/15 | €35,981 | €24,222 | -€11,759 | -32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,019 | €5,622 | -€15,397 | -73.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €34 | €34 | = | 0.0% |
| Distributable reserves | 133 | €20,985 | €5,588 | -€15,397 | -73.4% |
| Profit (loss) carried forward | 14 | -€3,638 | €0 | +€3,638 | |
| Amounts payable | 17/49 | €23,852 | €68,799 | +€44,947 | +188.4% |
| Amounts payable within one year | 42/48 | €23,852 | €66,661 | +€42,809 | +179.5% |
| Financial debts | 43 | - | €1,515 | +€1,515 | |
| Credit institutions | 430/8 | - | €1,515 | +€1,515 | |
| Trade debts | 44 | €6,122 | €14,315 | +€8,193 | +133.8% |
| Suppliers | 440/4 | €6,122 | €14,315 | +€8,193 | +133.8% |
| Advances received on contracts in progress | 46 | €27 | €67 | +€40 | +150.8% |
| Taxes, remuneration and social security | 45 | €17,703 | €20,264 | +€2,562 | +14.5% |
| Taxes | 450/3 | €15,803 | €20,264 | +€4,462 | +28.2% |
| Remuneration and social security | 454/9 | €1,900 | €0 | -€1,900 | -100.0% |
| Other amounts payable | 47/48 | - | €30,500 | +€30,500 | |
| Accrued charges and deferred income | 492/3 | €0 | €2,137 | +€2,137 | |
| Non-recurring operating income | 76A | - | €3,712 | +€3,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,828 | €5,493 | +€3,666 | +200.6% |
| Other operating charges | 640/8 | €2,664 | €4,381 | +€1,716 | +64.4% |
| Gross operating margin | 9900 | €23,956 | €35,043 | +€11,087 | +46.3% |
| Operating profit (loss) | 9901 | €19,465 | €25,170 | +€5,705 | +29.3% |
| Financial income | 75/76B | €1,026 | €1,209 | +€183 | +17.9% |
| Recurring financial income | 75 | €1,026 | €1,209 | +€183 | +17.9% |
| Financial charges | 65/66B | €591 | €498 | -€93 | -15.7% |
| Recurring financial charges | 65 | €591 | €498 | -€93 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €19,900 | €25,881 | +€5,981 | +30.1% |
| Income taxes | 67/77 | €6,179 | €7,140 | +€961 | +15.6% |
| Profit (loss) for the period | 9904 | €13,721 | €18,741 | +€5,020 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,721 | €18,741 | +€5,020 | +36.6% |
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.