SANDERS JOZEF: 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.
SANDERS JOZEF
Largest movements
- Cash -€1,938
down €1,938 (-95.6%), from €2,027 to €89
mainly Net result for the year (-€9,798) and Deferred charges and accrued income (-€257)
- Tangible fixed assets -€968
down €968 (-40.9%), from €2,368 to €1,400
of which Furniture and vehicles: -€968
- Deferred charges and accrued income +€257
up €257 (+64.1%), from €401 to €657
- Profit (loss) carried forward -€9,798
down €9,798 (-22.4%), from -€43,646 to -€53,444
- Other debts +€6,515
up €6,515 (+29.7%), from €21,916 to €28,431
- Trade debts +€635
up €635 (+42.4%), from €1,496 to €2,131
- Gross operating margin -€1,771
down €1,771 (-28.9%), from -€6,123 to -€7,894
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 | €4,795 | €2,147 | -€2,648 | -55.2% |
| Fixed assets | 21/28 | €2,368 | €1,400 | -€968 | -40.9% |
| Tangible fixed assets | 22/27 | €2,368 | €1,400 | -€968 | -40.9% |
| Plant, machinery and equipment | 23 | €1,303 | €1,303 | = | 0.0% |
| Furniture and vehicles | 24 | €1,064 | €97 | -€968 | -90.9% |
| Current assets | 29/58 | €2,427 | €746 | -€1,681 | -69.3% |
| Cash at bank and in hand | 54/58 | €2,027 | €89 | -€1,938 | -95.6% |
| Deferred charges and accrued income | 490/1 | €401 | €657 | +€257 | +64.1% |
| Total equity and liabilities | 10/49 | €4,795 | €2,147 | -€2,648 | -55.2% |
| Equity | 10/15 | -€18,617 | -€28,415 | -€9,798 | -52.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,436 | €6,436 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,577 | €4,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,646 | -€53,444 | -€9,798 | -22.4% |
| Amounts payable | 17/49 | €23,412 | €30,562 | +€7,150 | +30.5% |
| Amounts payable within one year | 42/48 | €23,412 | €30,562 | +€7,150 | +30.5% |
| Trade debts | 44 | €1,496 | €2,131 | +€635 | +42.4% |
| Suppliers | 440/4 | €1,496 | €2,131 | +€635 | +42.4% |
| Other amounts payable | 47/48 | €21,916 | €28,431 | +€6,515 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €968 | = | 0.0% |
| Other operating charges | 640/8 | €706 | €690 | -€16 | -2.3% |
| Gross operating margin | 9900 | -€6,123 | -€7,894 | -€1,771 | -28.9% |
| Operating profit (loss) | 9901 | -€7,796 | -€9,551 | -€1,755 | -22.5% |
| Financial charges | 65/66B | €239 | €247 | +€8 | +3.4% |
| Recurring financial charges | 65 | €239 | €247 | +€8 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,035 | -€9,798 | -€1,763 | -21.9% |
| Profit (loss) for the period | 9904 | -€8,035 | -€9,798 | -€1,763 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,035 | -€9,798 | -€1,763 | -21.9% |
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.