SANDER DURIAU: 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 DURIAU
Largest movements
- Cash +€60,230
up €60,230 (+77.2%), from €78,005 to €138,235
mainly Net result for the year (+€61,940) and Depreciation (+€1,095)
- Reserves +€61,940
up €61,940 (+106.8%), from €57,985 to €119,925
- Tax, wage and social debts -€2,224
down €2,224 (-17.3%), from €12,861 to €10,637
- Gross operating margin +€33,015
up €33,015 (+63.3%), from €52,152 to €85,167
- Taxes +€10,719
up €10,719 (+101.1%), from €10,600 to €21,319
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 | €80,043 | €139,320 | +€59,277 | +74.1% |
| Fixed assets | 21/28 | €2,034 | €939 | -€1,095 | -53.8% |
| Tangible fixed assets | 22/27 | €2,034 | €939 | -€1,095 | -53.8% |
| Furniture and vehicles | 24 | €2,034 | €939 | -€1,095 | -53.8% |
| Current assets | 29/58 | €78,009 | €138,380 | +€60,371 | +77.4% |
| Amounts receivable within one year | 40/41 | €4 | €146 | +€142 | +3780.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4 | €146 | +€142 | +3780.0% |
| Cash at bank and in hand | 54/58 | €78,005 | €138,235 | +€60,230 | +77.2% |
| Total equity and liabilities | 10/49 | €80,043 | €139,320 | +€59,277 | +74.1% |
| Equity | 10/15 | €62,985 | €124,925 | +€61,940 | +98.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,985 | €119,925 | +€61,940 | +106.8% |
| Distributable reserves | 133 | €57,985 | €119,925 | +€61,940 | +106.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,058 | €14,395 | -€2,663 | -15.6% |
| Amounts payable within one year | 42/48 | €17,058 | €14,395 | -€2,663 | -15.6% |
| Financial debts | 43 | €55 | €0 | -€55 | -100.0% |
| Credit institutions | 430/8 | €55 | €0 | -€55 | -100.0% |
| Trade debts | 44 | €493 | €509 | +€16 | +3.2% |
| Suppliers | 440/4 | €493 | €509 | +€16 | +3.2% |
| Taxes, remuneration and social security | 45 | €12,861 | €10,637 | -€2,224 | -17.3% |
| Taxes | 450/3 | €12,861 | €10,637 | -€2,224 | -17.3% |
| Other amounts payable | 47/48 | €3,650 | €3,249 | -€401 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €704 | €1,095 | +€391 | +55.6% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €52,152 | €85,167 | +€33,015 | +63.3% |
| Operating profit (loss) | 9901 | €51,063 | €83,685 | +€32,621 | +63.9% |
| Financial income | 75/76B | €1 | €10 | +€9 | +879.0% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +879.0% |
| Financial charges | 65/66B | €243 | €436 | +€193 | +79.4% |
| Recurring financial charges | 65 | €243 | €436 | +€193 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €50,822 | €83,259 | +€32,437 | +63.8% |
| Income taxes | 67/77 | €10,600 | €21,319 | +€10,719 | +101.1% |
| Profit (loss) for the period | 9904 | €40,221 | €61,940 | +€21,719 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,221 | €61,940 | +€21,719 | +54.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.