Sanders-Vanhoutte: 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-Vanhoutte
Largest movements
- Cash +€42,821
up €42,821 (+604%), from €7,092 to €49,913
mainly Net result for the year (+€35,985) and Receivables within one year (+€6,283)
- Receivables within one year -€6,283
down €6,283 (-32.6%), from €19,279 to €12,996
of which Trade receivables: -€6,283
- Deferred charges and accrued income +€2,569
up €2,569 (+167%), from €1,537 to €4,106
- Tangible fixed assets +€1,103
up €1,103 (+31.8%), from €3,474 to €4,578
of which Furniture and vehicles: +€1,511
- Reserves +€31,433
up €31,433 (+800%), from €3,929 to €35,362
- Profit (loss) carried forward +€4,551
up €4,551, from -€4,551 to €0
- Other debts +€2,259
up €2,259 (+46.5%), from €4,861 to €7,120
- Tax, wage and social debts +€1,648
up €1,648 (+9.5%), from €17,326 to €18,974
of which Taxes: +€3,748
- Gross operating margin +€52,287
up €52,287 (+1,047%), from €4,994 to €57,282
- Taxes +€10,605
up €10,605 (+1,249%), from €849 to €11,454
- Financial charges -€997
down €997 (-16.0%), from €6,234 to €5,237
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 | €32,941 | €72,539 | +€39,598 | +120% |
| Fixed assets | 21/28 | €3,474 | €4,578 | +€1,103 | +31.8% |
| Tangible fixed assets | 22/27 | €3,474 | €4,578 | +€1,103 | +31.8% |
| Plant, machinery and equipment | 23 | €1,241 | €833 | -€408 | -32.9% |
| Furniture and vehicles | 24 | €2,233 | €3,744 | +€1,511 | +67.7% |
| Current assets | 29/58 | €29,467 | €67,961 | +€38,495 | +131% |
| Stocks and contracts in progress | 3 | €1,559 | €946 | -€612 | -39.3% |
| Stocks | 30/36 | €1,559 | €946 | -€612 | -39.3% |
| Amounts receivable within one year | 40/41 | €19,279 | €12,996 | -€6,283 | -32.6% |
| Trade receivables | 40 | €16,128 | €9,845 | -€6,283 | -39.0% |
| Other amounts receivable | 41 | €3,151 | €3,151 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,092 | €49,913 | +€42,821 | +604% |
| Deferred charges and accrued income | 490/1 | €1,537 | €4,106 | +€2,569 | +167% |
| Total equity and liabilities | 10/49 | €32,941 | €72,539 | +€39,598 | +120% |
| Equity | 10/15 | €4,378 | €40,362 | +€35,985 | +822% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,929 | €35,362 | +€31,433 | +800% |
| Distributable reserves | 133 | €3,929 | €35,362 | +€31,433 | +800% |
| Profit (loss) carried forward | 14 | -€4,551 | €0 | +€4,551 | |
| Amounts payable | 17/49 | €28,563 | €32,177 | +€3,613 | +12.7% |
| Amounts payable within one year | 42/48 | €28,563 | €32,177 | +€3,613 | +12.7% |
| Financial debts | 43 | €1,350 | €1,349 | -€1 | 0.0% |
| Credit institutions | 430/8 | €1,350 | €1,349 | -€1 | 0.0% |
| Trade debts | 44 | €5,027 | €4,734 | -€293 | -5.8% |
| Suppliers | 440/4 | €5,027 | €4,734 | -€293 | -5.8% |
| Taxes, remuneration and social security | 45 | €17,326 | €18,974 | +€1,648 | +9.5% |
| Taxes | 450/3 | €15,226 | €18,974 | +€3,748 | +24.6% |
| Remuneration and social security | 454/9 | €2,100 | €0 | -€2,100 | -100% |
| Other amounts payable | 47/48 | €4,861 | €7,120 | +€2,259 | +46.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,114 | €1,647 | +€532 | +47.8% |
| Other operating charges | 640/8 | €1,420 | €1,761 | +€341 | +24.0% |
| Non-recurring operating charges | 66A | €0 | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €4,994 | €57,282 | +€52,287 | +1,047% |
| Operating profit (loss) | 9901 | €2,460 | €52,675 | +€50,215 | +2,041% |
| Financial income | 75/76B | €72 | €1 | -€71 | -98.8% |
| Recurring financial income | 75 | €72 | €1 | -€71 | -98.8% |
| Financial charges | 65/66B | €6,234 | €5,237 | -€997 | -16.0% |
| Recurring financial charges | 65 | €6,234 | €5,237 | -€997 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,702 | €47,439 | +€51,141 | |
| Income taxes | 67/77 | €849 | €11,454 | +€10,605 | +1,249% |
| Profit (loss) for the period | 9904 | -€4,551 | €35,985 | +€40,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,551 | €35,985 | +€40,536 |
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 26 October 2026 via checked.be.