SANDERMANS MOVING: what changed
Two fiscal 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.
SANDERMANS MOVING
Largest movements
- Tangible fixed assets +€162,974
up €162,974 (+332.8%), from €48,966 to €211,939
of which Furniture and vehicles: +€157,083
- Cash -€94,860
down €94,860 (-90.8%), from €104,474 to €9,614
mainly Investment in fixed assets (net) (-€178,030) and Receivables within one year (-€76,002)
- Receivables within one year +€76,002
up €76,002 (+120.6%), from €63,024 to €139,026
of which Other amounts receivable: +€41,237
- Receivables after one year -€46,234
down €46,234 (-41.1%), from €112,518 to €66,283
- Deferred charges and accrued income -€6,431
no longer reported in 2024 (was €6,431)
- Other debts +€112,411
up €112,411 (+130.6%), from €86,044 to €198,455
- Debts after one year -€19,198
down €19,198 (-23.5%), from €81,543 to €62,345
- Short-term financial debts +€5,611
up €5,611 (+22.9%), from €24,500 to €30,111
- Trade debts -€5,226
down €5,226 (-58.6%), from €8,915 to €3,689
- Profit (loss) carried forward -€4,362
down €4,362 (-11.8%), from €36,979 to €32,617
- Gross operating margin -€21,726
down €21,726 (-42.8%), from €50,754 to €29,028
- Taxes -€8,240
down €8,240 (-85.4%), from €9,649 to €1,408
- Write-downs -€4,899
no longer reported in 2024 (was €4,899)
- Financial charges +€3,341
up €3,341 (+43.6%), from €7,656 to €10,997
- Depreciation +€2,499
up €2,499 (+18.4%), from €13,557 to €16,057
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,513 | €427,963 | +€90,450 | +26.8% |
| Fixed assets | 21/28 | €51,065 | €213,039 | +€161,974 | +317.2% |
| Intangible fixed assets | 21 | €1,970 | €970 | -€1,000 | -50.8% |
| Tangible fixed assets | 22/27 | €48,966 | €211,939 | +€162,974 | +332.8% |
| Plant, machinery and equipment | 23 | €44,002 | €49,892 | +€5,891 | +13.4% |
| Furniture and vehicles | 24 | €4,964 | €162,047 | +€157,083 | +3164.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €286,447 | €214,924 | -€71,524 | -25.0% |
| Amounts receivable after more than one year | 29 | €112,518 | €66,283 | -€46,234 | -41.1% |
| Other amounts receivable | 291 | €112,518 | €66,283 | -€46,234 | -41.1% |
| Amounts receivable within one year | 40/41 | €63,024 | €139,026 | +€76,002 | +120.6% |
| Trade receivables | 40 | €47,368 | €82,133 | +€34,765 | +73.4% |
| Other amounts receivable | 41 | €15,656 | €56,893 | +€41,237 | +263.4% |
| Cash at bank and in hand | 54/58 | €104,474 | €9,614 | -€94,860 | -90.8% |
| Deferred charges and accrued income | 490/1 | €6,431 | - | -€6,431 | |
| Total equity and liabilities | 10/49 | €337,513 | €427,963 | +€90,450 | +26.8% |
| Equity | 10/15 | €116,728 | €112,366 | -€4,362 | -3.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €17,776 | €17,776 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | - | -€6,197 | |
| Reserves not available under the articles | 1311 | €6,197 | - | -€6,197 | |
| Distributable reserves | 133 | €11,578 | €17,776 | +€6,197 | +53.5% |
| Profit (loss) carried forward | 14 | €36,979 | €32,617 | -€4,362 | -11.8% |
| Amounts payable | 17/49 | €220,784 | €315,597 | +€94,812 | +42.9% |
| Amounts payable after more than one year | 17 | €81,543 | €62,345 | -€19,198 | -23.5% |
| Financial debts | 170/4 | €81,543 | €62,345 | -€19,198 | -23.5% |
| Amounts payable within one year | 42/48 | €139,241 | €253,252 | +€114,010 | +81.9% |
| Current portion of amounts payable after more than one year | 42 | €18,457 | €19,198 | +€741 | +4.0% |
| Financial debts | 43 | €24,500 | €30,111 | +€5,611 | +22.9% |
| Credit institutions | 430/8 | €24,500 | €30,111 | +€5,611 | +22.9% |
| Trade debts | 44 | €8,915 | €3,689 | -€5,226 | -58.6% |
| Suppliers | 440/4 | €8,915 | €3,689 | -€5,226 | -58.6% |
| Taxes, remuneration and social security | 45 | €1,325 | €1,798 | +€473 | +35.7% |
| Taxes | 450/3 | €1,325 | €1,798 | +€473 | +35.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €86,044 | €198,455 | +€112,411 | +130.6% |
| Remuneration, social security and pensions | 62 | €2,314 | €2,763 | +€449 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,557 | €16,057 | +€2,499 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,899 | - | -€4,899 | |
| Other operating charges | 640/8 | €4,149 | €2,623 | -€1,526 | -36.8% |
| Gross operating margin | 9900 | €50,754 | €29,028 | -€21,726 | -42.8% |
| Operating profit (loss) | 9901 | €25,835 | €7,586 | -€18,249 | -70.6% |
| Financial income | 75/76B | €83 | €458 | +€374 | +448.7% |
| Recurring financial income | 75 | €83 | €458 | +€374 | +448.7% |
| Financial charges | 65/66B | €7,656 | €10,997 | +€3,341 | +43.6% |
| Recurring financial charges | 65 | €7,656 | €10,997 | +€3,341 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €18,262 | -€2,954 | -€21,216 | |
| Income taxes | 67/77 | €9,649 | €1,408 | -€8,240 | -85.4% |
| Profit (loss) for the period | 9904 | €8,614 | -€4,362 | -€12,976 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,614 | -€4,362 | -€12,976 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.