Sander Blok: 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.
Sander Blok
Largest movements
- Receivables within one year +€26,280
up €26,280 (+849%), from €3,095 to €29,375
of which Trade receivables: +€26,689
- Cash +€12,644
up €12,644 (+29.5%), from €42,900 to €55,544
mainly Net result for the year (+€36,935) and Depreciation (+€9,870)
- Current investments +€10,000
new in 2025: €10,000
- Deferred charges and accrued income -€5,966
down €5,966 (-99.0%), from €6,028 to €63
- Tangible fixed assets +€3,519
up €3,519 (+13.9%), from €25,402 to €28,921
of which Plant, machinery and equipment: +€6,744
- Profit (loss) carried forward +€36,935
up €36,935 (+83.8%), from €44,062 to €80,997
- Tax, wage and social debts +€8,661
up €8,661 (+252%), from €3,438 to €12,100
of which Taxes: +€8,661
- Other debts -€5,471
down €5,471 (-20.7%), from €26,421 to €20,950
- Trade debts +€4,687
up €4,687 (+931%), from €504 to €5,190
- Accrued charges and deferred income +€1,665
new in 2025: €1,665
- Gross operating margin +€45,794
up €45,794 (+320%), from €14,312 to €60,106
- Taxes +€8,658
up €8,658 (+893%), from €970 to €9,628
- Other operating charges +€1,638
up €1,638 (+610%), from €268 to €1,907
- Depreciation +€1,499
up €1,499 (+17.9%), from €8,372 to €9,870
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 | €77,425 | €123,902 | +€46,477 | +60.0% |
| Fixed assets | 21/28 | €25,402 | €28,921 | +€3,519 | +13.9% |
| Tangible fixed assets | 22/27 | €25,402 | €28,921 | +€3,519 | +13.9% |
| Plant, machinery and equipment | 23 | €15,856 | €22,600 | +€6,744 | +42.5% |
| Furniture and vehicles | 24 | €8,274 | €5,049 | -€3,225 | -39.0% |
| Other tangible fixed assets | 26 | €1,272 | €1,272 | = | 0.0% |
| Current assets | 29/58 | €52,023 | €94,982 | +€42,958 | +82.6% |
| Amounts receivable within one year | 40/41 | €3,095 | €29,375 | +€26,280 | +849% |
| Trade receivables | 40 | €2,686 | €29,375 | +€26,689 | +994% |
| Other amounts receivable | 41 | €409 | - | -€409 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €42,900 | €55,544 | +€12,644 | +29.5% |
| Deferred charges and accrued income | 490/1 | €6,028 | €63 | -€5,966 | -99.0% |
| Total equity and liabilities | 10/49 | €77,425 | €123,902 | +€46,477 | +60.0% |
| Equity | 10/15 | €47,062 | €83,997 | +€36,935 | +78.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,062 | €80,997 | +€36,935 | +83.8% |
| Amounts payable | 17/49 | €30,363 | €39,906 | +€9,542 | +31.4% |
| Amounts payable within one year | 42/48 | €30,363 | €38,240 | +€7,877 | +25.9% |
| Trade debts | 44 | €504 | €5,190 | +€4,687 | +931% |
| Suppliers | 440/4 | €504 | €5,190 | +€4,687 | +931% |
| Taxes, remuneration and social security | 45 | €3,438 | €12,100 | +€8,661 | +252% |
| Taxes | 450/3 | €3,438 | €12,100 | +€8,661 | +252% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,421 | €20,950 | -€5,471 | -20.7% |
| Accrued charges and deferred income | 492/3 | - | €1,665 | +€1,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,372 | €9,870 | +€1,499 | +17.9% |
| Other operating charges | 640/8 | €268 | €1,907 | +€1,638 | +610% |
| Gross operating margin | 9900 | €14,312 | €60,106 | +€45,794 | +320% |
| Operating profit (loss) | 9901 | €5,672 | €48,330 | +€42,657 | +752% |
| Financial income | 75/76B | €0 | €55 | +€55 | +277,300% |
| Recurring financial income | 75 | €0 | €55 | +€55 | +277,300% |
| Financial charges | 65/66B | €2,242 | €1,823 | -€420 | -18.7% |
| Recurring financial charges | 65 | €2,242 | €1,823 | -€420 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €3,430 | €46,562 | +€43,132 | +1,257% |
| Income taxes | 67/77 | €970 | €9,628 | +€8,658 | +893% |
| Profit (loss) for the period | 9904 | €2,460 | €36,935 | +€34,475 | +1,401% |
| Profit (loss) for the period to be appropriated | 9905 | €2,460 | €36,935 | +€34,475 | +1,401% |
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 14 October 2026 via checked.be.