SANDERMANS LOGISTIC: 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.
What changed
SANDERMANS LOGISTIC
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€209,265
2024 · €209,774-€508
Equity
€3.6m
2024 · €3.4m+€157,705
Cash
€488,508
2024 · €435,807+€52,701
Balance sheet total
€16.4m
2024 · €13.3m+€3.1m
Largest movements
Assets
- Tangible fixed assets +€2.9m
up €2.9m (+23.1%), from €12.4m to €15.2m
of which Assets under construction and advance payments: +€3.4m
- Receivables within one year +€244,817
up €244,817 (+56.6%), from €432,377 to €677,194
of which Trade receivables: +€244,817
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+28.1%), from €8.4m to €10.8m
of which Financial debts: +€2.4m
- Trade debts +€250,975
up €250,975 (+92.1%), from €272,451 to €523,427
- Current portion of long-term debt +€241,183
up €241,183 (+28.0%), from €861,583 to €1.1m
- Profit (loss) carried forward +€209,265
up €209,265 (+7.9%), from €2.7m to €2.9m
Income statement
- Gross operating margin +€239,276
up €239,276 (+13.5%), from €1.8m to €2.0m
- Staff costs +€106,065
up €106,065 (+23.5%), from €451,346 to €557,411
- Depreciation +€83,434
up €83,434 (+10.2%), from €817,711 to €901,146
- Financial charges +€49,403
up €49,403 (+27.3%), from €181,259 to €230,662
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.
Result 2024
€209,774
Gross operating margin
+€239,276
Staff costs
-€106,065
Depreciation
-€83,434
Other operating charges
-€6,954
Financial income
+€4,045
Financial charges
-€49,403
Taxes
+€2,027
Result 2025
€209,265
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€3.8m
Financing
+€2.6m
Cash 2024
€435,807
From operations (derived)
+€1.2m
Net result for the year
+€209,265
Depreciation
+€901,146
Receivables within one year
-€244,817
Deferred charges and accrued income
+€5,217
Trade debts
+€250,975
Tax, wage and social debts
+€57,689
Other debts
+€34,182
Accrued charges and deferred income
+€30,549
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€2.6m
Debts after one year
+€2.4m
Current portion of long-term debt
+€241,183
Contributions, distributions and other
-€51,561
Cash 2025
€488,508
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,273,351 | €16,421,768 | +€3.1m | +23.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,386,753 | €15,242,868 | +€2.9m | +23.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,386,753 | €15,242,868 | +€2.9m | +23.1% |
| Land and buildings | 22 | €6,098,649 | €5,952,694 | -€145,954 | -2.4% |
| Plant, machinery and equipment | 23 | €125,738 | €167,798 | +€42,060 | +33.5% |
| Furniture and vehicles | 24 | €48,445 | €30,472 | -€17,973 | -37.1% |
| Leasing and similar rights | 25 | €1,395,374 | €1,230,774 | -€164,600 | -11.8% |
| Other tangible fixed assets | 26 | €4,669,879 | €4,435,305 | -€234,574 | -5.0% |
| Assets under construction and advance payments | 27 | €48,668 | €3,425,824 | +€3.4m | +6,939% |
| Current assets | 29/58 | €886,598 | €1,178,900 | +€292,301 | +33.0% |
| Amounts receivable within one year | 40/41 | €432,377 | €677,194 | +€244,817 | +56.6% |
| Trade receivables | 40 | €404,377 | €649,194 | +€244,817 | +60.5% |
| Other amounts receivable | 41 | €28,000 | €28,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €435,807 | €488,508 | +€52,701 | +12.1% |
| Deferred charges and accrued income | 490/1 | €18,414 | €13,197 | -€5,217 | -28.3% |
| Total equity and liabilities | 10/49 | €13,273,351 | €16,421,768 | +€3.1m | +23.7% |
| Equity | 10/15 | €3,441,030 | €3,598,735 | +€157,705 | +4.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,651,610 | €2,860,875 | +€209,265 | +7.9% |
| Investment grants | 15 | €624,420 | €572,860 | -€51,561 | -8.3% |
| Amounts payable | 17/49 | €9,832,321 | €12,823,033 | +€3.0m | +30.4% |
| Amounts payable after more than one year | 17 | €8,449,104 | €10,825,238 | +€2.4m | +28.1% |
| Financial debts | 170/4 | €7,959,104 | €10,335,238 | +€2.4m | +29.9% |
| Other amounts payable | 178/9 | €490,000 | €490,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,330,270 | €1,914,299 | +€584,029 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €861,583 | €1,102,766 | +€241,183 | +28.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €272,451 | €523,427 | +€250,975 | +92.1% |
| Suppliers | 440/4 | €272,451 | €523,427 | +€250,975 | +92.1% |
| Taxes, remuneration and social security | 45 | €67,568 | €125,257 | +€57,689 | +85.4% |
| Taxes | 450/3 | €20,623 | €69,469 | +€48,846 | +237% |
| Remuneration and social security | 454/9 | €46,945 | €55,788 | +€8,843 | +18.8% |
| Other amounts payable | 47/48 | €128,668 | €162,849 | +€34,182 | +26.6% |
| Accrued charges and deferred income | 492/3 | €52,947 | €83,496 | +€30,549 | +57.7% |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,071 | €3,397 | +€1,327 | +64.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €451,346 | €557,411 | +€106,065 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817,711 | €901,146 | +€83,434 | +10.2% |
| Other operating charges | 640/8 | €106,631 | €113,585 | +€6,954 | +6.5% |
| Gross operating margin | 9900 | €1,776,921 | €2,016,197 | +€239,276 | +13.5% |
| Operating profit (loss) | 9901 | €401,233 | €444,056 | +€42,823 | +10.7% |
| Financial income | 75/76B | €51,562 | €55,607 | +€4,045 | +7.8% |
| Recurring financial income | 75 | €51,562 | €55,607 | +€4,045 | +7.8% |
| Financial charges | 65/66B | €181,259 | €230,662 | +€49,403 | +27.3% |
| Recurring financial charges | 65 | €181,259 | €230,662 | +€49,403 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €271,536 | €269,001 | -€2,535 | -0.9% |
| Income taxes | 67/77 | €61,762 | €59,735 | -€2,027 | -3.3% |
| Profit (loss) for the period | 9904 | €209,774 | €209,265 | -€508 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €209,774 | €209,265 | -€508 | -0.2% |
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 16 October 2026 via checked.be.