SANDCASTLE: 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.
SANDCASTLE
Largest movements
- Cash +€21,850
up €21,850 (+538%), from €4,060 to €25,910
mainly Receivables within one year (+€18,072) and Net result for the year (+€3,124)
- Receivables within one year -€18,072
down €18,072 (-29.0%), from €62,294 to €44,222
of which Trade receivables: -€23,229
- Tangible fixed assets -€2,559
down €2,559 (-37.6%), from €6,803 to €4,244
of which Furniture and vehicles: -€2,367
- Profit (loss) carried forward +€3,124
up €3,124 (+7.6%), from -€40,861 to -€37,737
- Accrued charges and deferred income -€1,152
down €1,152 (-100%), from €1,152 to €0
- Gross operating margin +€29,698
up €29,698, from -€19,738 to €9,960
- Staff costs +€637
new in 2025: €637
- Financial charges -€478
down €478 (-16.5%), from €2,886 to €2,409
- Other operating charges -€363
down €363 (-24.1%), from €1,508 to €1,145
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 | €74,921 | €76,227 | +€1,306 | +1.7% |
| Fixed assets | 21/28 | €6,828 | €4,269 | -€2,559 | -37.5% |
| Tangible fixed assets | 22/27 | €6,803 | €4,244 | -€2,559 | -37.6% |
| Furniture and vehicles | 24 | €6,611 | €4,244 | -€2,367 | -35.8% |
| Other tangible fixed assets | 26 | €192 | €0 | -€192 | -100% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €68,093 | €71,957 | +€3,865 | +5.7% |
| Amounts receivable within one year | 40/41 | €62,294 | €44,222 | -€18,072 | -29.0% |
| Trade receivables | 40 | €44,105 | €20,875 | -€23,229 | -52.7% |
| Other amounts receivable | 41 | €18,189 | €23,347 | +€5,157 | +28.4% |
| Cash at bank and in hand | 54/58 | €4,060 | €25,910 | +€21,850 | +538% |
| Deferred charges and accrued income | 490/1 | €1,739 | €1,825 | +€86 | +5.0% |
| Total equity and liabilities | 10/49 | €74,921 | €76,227 | +€1,306 | +1.7% |
| Equity | 10/15 | €65,976 | €69,100 | +€3,124 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,237 | €88,237 | = | 0.0% |
| Distributable reserves | 133 | €88,237 | €88,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,861 | -€37,737 | +€3,124 | +7.6% |
| Amounts payable | 17/49 | €8,945 | €7,127 | -€1,819 | -20.3% |
| Amounts payable within one year | 42/48 | €7,794 | €7,127 | -€667 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €3,387 | €3,387 | = | 0.0% |
| Trade debts | 44 | €826 | €894 | +€68 | +8.3% |
| Suppliers | 440/4 | €826 | €894 | +€68 | +8.3% |
| Taxes, remuneration and social security | 45 | €3,581 | €2,845 | -€736 | -20.5% |
| Taxes | 450/3 | €3,581 | €2,845 | -€736 | -20.5% |
| Accrued charges and deferred income | 492/3 | €1,152 | €0 | -€1,152 | -100% |
| Remuneration, social security and pensions | 62 | - | €637 | +€637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,591 | €2,559 | -€32 | -1.2% |
| Other operating charges | 640/8 | €1,508 | €1,145 | -€363 | -24.1% |
| Gross operating margin | 9900 | -€19,738 | €9,960 | +€29,698 | |
| Operating profit (loss) | 9901 | -€23,837 | €5,619 | +€29,456 | |
| Financial income | 75/76B | €390 | €237 | -€152 | -39.1% |
| Recurring financial income | 75 | €390 | €237 | -€152 | -39.1% |
| Financial charges | 65/66B | €2,886 | €2,409 | -€478 | -16.5% |
| Recurring financial charges | 65 | €2,886 | €2,409 | -€478 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,333 | €3,448 | +€29,781 | |
| Income taxes | 67/77 | €331 | €324 | -€8 | -2.4% |
| Profit (loss) for the period | 9904 | -€26,664 | €3,124 | +€29,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,664 | €3,124 | +€29,789 |
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 17 October 2026 via checked.be.