Sander Palma: 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 Palma
Largest movements
- Cash -€4,366
down €4,366 (-71.5%), from €6,108 to €1,742
mainly Other debts (-€6,612) and Investment in fixed assets (net) (-€5,384)
- Financial fixed assets +€1,785
new in 2025: €1,785
- Receivables within one year +€1,388
up €1,388 (+39.6%), from €3,504 to €4,893
of which Trade receivables: +€1,783
- Other debts -€6,612
down €6,612 (-39.3%), from €16,835 to €10,223
- Reserves +€5,950
new in 2025: €5,950
- Trade debts -€1,205
down €1,205 (-100%), from €1,205 to €0
- Profit (loss) carried forward +€671
up €671, from -€649 to €21
- Financial income +€5,317
up €5,317 (+300%), from €1,775 to €7,092
- Gross operating margin +€1,599
up €1,599 (+29.3%), from €5,458 to €7,057
- Taxes +€947
up €947 (+53.0%), from €1,786 to €2,733
- Depreciation +€435
up €435 (+13.6%), from €3,192 to €3,627
- Other operating charges +€350
up €350 (+50.2%), from €697 to €1,046
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 | €20,391 | €19,195 | -€1,196 | -5.9% |
| Fixed assets | 21/28 | €10,424 | €12,181 | +€1,757 | +16.9% |
| Tangible fixed assets | 22/27 | €10,424 | €10,396 | -€28 | -0.3% |
| Plant, machinery and equipment | 23 | €594 | €402 | -€192 | -32.3% |
| Furniture and vehicles | 24 | €9,830 | €9,994 | +€164 | +1.7% |
| Financial fixed assets | 28 | - | €1,785 | +€1,785 | |
| Current assets | 29/58 | €9,967 | €7,014 | -€2,953 | -29.6% |
| Amounts receivable within one year | 40/41 | €3,504 | €4,893 | +€1,388 | +39.6% |
| Trade receivables | 40 | €2,704 | €4,488 | +€1,783 | +65.9% |
| Other amounts receivable | 41 | €800 | €405 | -€395 | -49.4% |
| Cash at bank and in hand | 54/58 | €6,108 | €1,742 | -€4,366 | -71.5% |
| Deferred charges and accrued income | 490/1 | €355 | €380 | +€25 | +6.9% |
| Total equity and liabilities | 10/49 | €20,391 | €19,195 | -€1,196 | -5.9% |
| Equity | 10/15 | €2,351 | €8,971 | +€6,621 | +282% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €5,950 | +€5,950 | |
| Distributable reserves | 133 | - | €5,950 | +€5,950 | |
| Profit (loss) carried forward | 14 | -€649 | €21 | +€671 | |
| Amounts payable | 17/49 | €18,040 | €10,223 | -€7,817 | -43.3% |
| Amounts payable within one year | 42/48 | €18,040 | €10,223 | -€7,817 | -43.3% |
| Trade debts | 44 | €1,205 | €0 | -€1,205 | -100% |
| Suppliers | 440/4 | €1,205 | €0 | -€1,205 | -100% |
| Other amounts payable | 47/48 | €16,835 | €10,223 | -€6,612 | -39.3% |
| Remuneration, social security and pensions | 62 | €84 | - | -€84 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,192 | €3,627 | +€435 | +13.6% |
| Other operating charges | 640/8 | €697 | €1,046 | +€350 | +50.2% |
| Gross operating margin | 9900 | €5,458 | €7,057 | +€1,599 | +29.3% |
| Operating profit (loss) | 9901 | €1,486 | €2,384 | +€898 | +60.5% |
| Financial income | 75/76B | €1,775 | €7,092 | +€5,317 | +300% |
| Recurring financial income | 75 | €1,775 | €7,092 | +€5,317 | +300% |
| Financial charges | 65/66B | €148 | €122 | -€26 | -17.6% |
| Recurring financial charges | 65 | €148 | €122 | -€26 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €3,113 | €9,354 | +€6,241 | +200% |
| Income taxes | 67/77 | €1,786 | €2,733 | +€947 | +53.0% |
| Profit (loss) for the period | 9904 | €1,327 | €6,621 | +€5,294 | +399% |
| Profit (loss) for the period to be appropriated | 9905 | €1,327 | €6,621 | +€5,294 | +399% |
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 23 October 2026 via checked.be.