Sandelandco: 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.
Sandelandco
Largest movements
- Cash +€29,728
new in 2025: €29,728
mainly Net result for the year (+€53,992) and Tax, wage and social debts (+€19,333)
- Receivables within one year +€27,463
up €27,463 (+234%), from €11,731 to €39,194
- Financial fixed assets +€25,065
new in 2025: €25,065
- Current investments -€10,274
no longer reported in 2025 (was €10,274)
- Tangible fixed assets +€1,523
up €1,523 (+21.2%), from €7,170 to €8,693
of which Land and buildings: +€8,693
- Profit (loss) carried forward +€53,992
up €53,992 (+293%), from €18,450 to €72,442
- Tax, wage and social debts +€19,333
up €19,333 (+269%), from €7,190 to €26,523
of which Taxes: +€18,092
- Trade debts -€1,236
down €1,236 (-53.7%), from €2,302 to €1,066
- Gross operating margin +€52,267
up €52,267 (+214%), from €24,456 to €76,722
- Taxes +€9,452
up €9,452 (+202%), from €4,672 to €14,124
- Staff costs +€5,503
new in 2025: €5,503
- Depreciation +€1,509
up €1,509 (+250%), from €604 to €2,112
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 | €30,064 | €102,680 | +€72,616 | +242% |
| Fixed assets | 21/28 | €7,170 | €33,758 | +€26,588 | +371% |
| Tangible fixed assets | 22/27 | €7,170 | €8,693 | +€1,523 | +21.2% |
| Land and buildings | 22 | - | €8,693 | +€8,693 | |
| Furniture and vehicles | 24 | €7,170 | - | -€7,170 | |
| Financial fixed assets | 28 | - | €25,065 | +€25,065 | |
| Current assets | 29/58 | €22,894 | €68,922 | +€46,028 | +201% |
| Amounts receivable within one year | 40/41 | €11,731 | €39,194 | +€27,463 | +234% |
| Trade receivables | 40 | €11,731 | €39,194 | +€27,463 | +234% |
| Current investments | 50/53 | €10,274 | - | -€10,274 | |
| Cash at bank and in hand | 54/58 | - | €29,728 | +€29,728 | |
| Deferred charges and accrued income | 490/1 | €890 | - | -€890 | |
| Total equity and liabilities | 10/49 | €30,064 | €102,680 | +€72,616 | +242% |
| Equity | 10/15 | €19,950 | €73,942 | +€53,992 | +271% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | - | -€1,500 | |
| Issued capital | 100 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €18,450 | €72,442 | +€53,992 | +293% |
| Amounts payable | 17/49 | €10,114 | €28,738 | +€18,624 | +184% |
| Amounts payable within one year | 42/48 | €10,114 | €28,738 | +€18,624 | +184% |
| Trade debts | 44 | €2,302 | €1,066 | -€1,236 | -53.7% |
| Suppliers | 440/4 | €2,302 | €1,066 | -€1,236 | -53.7% |
| Taxes, remuneration and social security | 45 | €7,190 | €26,523 | +€19,333 | +269% |
| Taxes | 450/3 | €7,190 | €25,282 | +€18,092 | +252% |
| Remuneration and social security | 454/9 | - | €1,242 | +€1,242 | |
| Other amounts payable | 47/48 | €622 | €1,148 | +€527 | +84.7% |
| Remuneration, social security and pensions | 62 | - | €5,503 | +€5,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604 | €2,112 | +€1,509 | +250% |
| Other operating charges | 640/8 | €635 | €552 | -€83 | -13.1% |
| Gross operating margin | 9900 | €24,456 | €76,722 | +€52,267 | +214% |
| Operating profit (loss) | 9901 | €23,217 | €68,555 | +€45,338 | +195% |
| Financial charges | 65/66B | €95 | €440 | +€344 | +361% |
| Recurring financial charges | 65 | €95 | €440 | +€344 | +361% |
| Profit (loss) for the period before taxes | 9903 | €23,122 | €68,116 | +€44,994 | +195% |
| Income taxes | 67/77 | €4,672 | €14,124 | +€9,452 | +202% |
| Profit (loss) for the period | 9904 | €18,450 | €53,992 | +€35,542 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €18,450 | €53,992 | +€35,542 | +193% |
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 26 October 2026 via checked.be.