SANDENA: what changed
What changed
SANDENA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€26,485
2024 · €7,844+€18,641
Equity
€165,179
2024 · €139,676+€25,503
Cash
€116
2024 · €460-€344
Balance sheet total
€366,026
2024 · €374,272-€8,245
Largest movements
Assets
- Tangible fixed assets -€12,579
down €12,579 (-3.4%), from €371,006 to €358,427
of which Land and buildings: -€12,367
- Receivables within one year +€4,647
up €4,647 (+215%), from €2,158 to €6,804
of which Other amounts receivable: +€4,884
Equity and liabilities
- Debts after one year -€30,602
down €30,602 (-32.7%), from €93,673 to €63,070
- Reserves +€25,503
up €25,503 (+27.0%), from €94,612 to €120,115
of which Distributable reserves: +€25,503
- Other debts -€5,033
down €5,033 (-5.6%), from €89,957 to €84,924
- Tax, wage and social debts +€4,094
up €4,094 (+23.9%), from €17,111 to €21,205
Income statement
- Gross operating margin +€23,482
up €23,482 (+64.8%), from €36,244 to €59,727
- Taxes +€7,031
up €7,031 (+175%), from €4,022 to €11,053
- Financial charges -€1,022
down €1,022 (-13.7%), from €7,467 to €6,445
- Other operating charges -€927
down €927 (-21.2%), from €4,383 to €3,455
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,844
Gross operating margin
+€23,482
Other operating charges
+€927
Financial income
+€240
Financial charges
+€1,022
Taxes
-€7,031
Result 2025
€26,485
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,347
Investment
€0
Financing
-€32,692
Cash 2024
€460
From operations (derived)
+€32,347
Net result for the year
+€26,485
Depreciation
+€12,579
Receivables within one year
-€4,647
Deferred charges and accrued income
-€32
Trade debts
-€1,233
Tax, wage and social debts
+€4,094
Other debts
-€5,033
Accrued charges and deferred income
+€133
Financing
-€32,692
Debts after one year
-€30,602
Current portion of long-term debt
-€1,108
Contributions, distributions and other
-€982
Cash 2025
€116
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,272 | €366,026 | -€8,245 | -2.2% |
| Fixed assets | 21/28 | €371,006 | €358,427 | -€12,579 | -3.4% |
| Tangible fixed assets | 22/27 | €371,006 | €358,427 | -€12,579 | -3.4% |
| Land and buildings | 22 | €370,583 | €358,215 | -€12,367 | -3.3% |
| Plant, machinery and equipment | 23 | €423 | €212 | -€211 | -50.0% |
| Current assets | 29/58 | €3,266 | €7,599 | +€4,334 | +133% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,158 | €6,804 | +€4,647 | +215% |
| Trade receivables | 40 | €880 | €643 | -€237 | -26.9% |
| Other amounts receivable | 41 | €1,278 | €6,161 | +€4,884 | +382% |
| Cash at bank and in hand | 54/58 | €460 | €116 | -€344 | -74.9% |
| Deferred charges and accrued income | 490/1 | €648 | €680 | +€32 | +4.9% |
| Total equity and liabilities | 10/49 | €374,272 | €366,026 | -€8,245 | -2.2% |
| Equity | 10/15 | €139,676 | €165,179 | +€25,503 | +18.3% |
| Contributions | 10/11 | €29,000 | €29,000 | = | 0.0% |
| Revaluation surpluses | 12 | €16,064 | €16,064 | = | 0.0% |
| Reserves | 13 | €94,612 | €120,115 | +€25,503 | +27.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €94,612 | €120,115 | +€25,503 | +27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €234,596 | €200,847 | -€33,748 | -14.4% |
| Amounts payable after more than one year | 17 | €93,673 | €63,070 | -€30,602 | -32.7% |
| Financial debts | 170/4 | €93,673 | €63,070 | -€30,602 | -32.7% |
| Amounts payable within one year | 42/48 | €140,923 | €137,643 | -€3,280 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €31,710 | €30,602 | -€1,108 | -3.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,145 | €912 | -€1,233 | -57.5% |
| Suppliers | 440/4 | €2,145 | €912 | -€1,233 | -57.5% |
| Taxes, remuneration and social security | 45 | €17,111 | €21,205 | +€4,094 | +23.9% |
| Taxes | 450/3 | €17,111 | €21,205 | +€4,094 | +23.9% |
| Other amounts payable | 47/48 | €89,957 | €84,924 | -€5,033 | -5.6% |
| Accrued charges and deferred income | 492/3 | €0 | €133 | +€133 | |
| Non-recurring operating income | 76A | €390 | €0 | -€390 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,579 | €12,579 | = | 0.0% |
| Other operating charges | 640/8 | €4,383 | €3,455 | -€927 | -21.2% |
| Gross operating margin | 9900 | €36,244 | €59,727 | +€23,482 | +64.8% |
| Operating profit (loss) | 9901 | €19,283 | €43,693 | +€24,410 | +127% |
| Financial income | 75/76B | €50 | €290 | +€240 | +480% |
| Recurring financial income | 75 | €50 | €290 | +€240 | +480% |
| Financial charges | 65/66B | €7,467 | €6,445 | -€1,022 | -13.7% |
| Recurring financial charges | 65 | €7,467 | €6,445 | -€1,022 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €11,866 | €37,538 | +€25,672 | +216% |
| Income taxes | 67/77 | €4,022 | €11,053 | +€7,031 | +175% |
| Profit (loss) for the period | 9904 | €7,844 | €26,485 | +€18,641 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €7,844 | €26,485 | +€18,641 | +238% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.