SANDERSON: 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.
SANDERSON
Largest movements
- Stocks and contracts +€54,407
up €54,407 (+5.7%), from €962,648 to €1.0m
- Trade debts +€49,710
up €49,710 (+1,653%), from €3,006 to €52,716
- Profit (loss) carried forward -€15,935
down €15,935 (-1.4%), from -€1.1m to -€1.2m
- Other debts +€11,156
up €11,156 (+1.1%), from €1.0m to €1.1m
- Gross operating margin -€1,259
down €1,259 (-10.6%), from -€11,870 to -€13,130
- Other operating charges +€643
up €643 (+63.0%), from €1,020 to €1,662
- Financial charges +€381
up €381 (+127%), from €300 to €681
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 | €1,000,746 | €1,045,676 | +€44,930 | +4.5% |
| Fixed assets | 21/28 | €1,304 | €842 | -€462 | -35.4% |
| Tangible fixed assets | 22/27 | €1,255 | €793 | -€462 | -36.8% |
| Plant, machinery and equipment | 23 | €1,255 | €793 | -€462 | -36.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €999,442 | €1,044,834 | +€45,392 | +4.5% |
| Stocks and contracts in progress | 3 | €962,648 | €1,017,055 | +€54,407 | +5.7% |
| Stocks | 30/36 | €962,648 | €1,017,055 | +€54,407 | +5.7% |
| Amounts receivable within one year | 40/41 | €32,136 | €26,965 | -€5,171 | -16.1% |
| Trade receivables | 40 | €31,904 | €26,679 | -€5,224 | -16.4% |
| Other amounts receivable | 41 | €232 | €285 | +€53 | +23.1% |
| Cash at bank and in hand | 54/58 | €3,920 | €52 | -€3,869 | -98.7% |
| Deferred charges and accrued income | 490/1 | €738 | €762 | +€24 | +3.3% |
| Total equity and liabilities | 10/49 | €1,000,746 | €1,045,676 | +€44,930 | +4.5% |
| Equity | 10/15 | -€1,037,760 | -€1,053,696 | -€15,935 | -1.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €37,537 | €37,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,149,665 | -€1,165,600 | -€15,935 | -1.4% |
| Amounts payable | 17/49 | €2,038,507 | €2,099,372 | +€60,865 | +3.0% |
| Amounts payable after more than one year | 17 | €995,713 | €995,713 | = | 0.0% |
| Financial debts | 170/4 | €130,000 | €130,000 | = | 0.0% |
| Other amounts payable | 178/9 | €865,713 | €865,713 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,042,794 | €1,103,659 | +€60,865 | +5.8% |
| Trade debts | 44 | €3,006 | €52,716 | +€49,710 | +1,653% |
| Suppliers | 440/4 | €3,006 | €52,716 | +€49,710 | +1,653% |
| Other amounts payable | 47/48 | €1,039,787 | €1,050,943 | +€11,156 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | €462 | = | 0.0% |
| Other operating charges | 640/8 | €1,020 | €1,662 | +€643 | +63.0% |
| Gross operating margin | 9900 | -€11,870 | -€13,130 | -€1,259 | -10.6% |
| Operating profit (loss) | 9901 | -€13,352 | -€15,254 | -€1,902 | -14.2% |
| Financial charges | 65/66B | €300 | €681 | +€381 | +127% |
| Recurring financial charges | 65 | €300 | €681 | +€381 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€13,652 | -€15,935 | -€2,283 | -16.7% |
| Profit (loss) for the period | 9904 | -€13,652 | -€15,935 | -€2,283 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,652 | -€15,935 | -€2,283 | -16.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.