Sanderus Projects: 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.
Sanderus Projects
Largest movements
- Receivables within one year -€38,085
down €38,085 (-95.7%), from €39,789 to €1,703
of which Trade receivables: -€31,275
- Debts after one year -€175,000
down €175,000 (-74.3%), from €235,500 to €60,500
- Current portion of long-term debt +€175,000
new in 2025: €175,000
- Trade debts -€36,815
down €36,815 (-91.5%), from €40,236 to €3,421
- Other debts +€9,300
up €9,300 (+14.1%), from €66,020 to €75,320
- Profit (loss) carried forward -€9,138
down €9,138 (-16.1%), from -€56,626 to -€65,764
- Gross operating margin -€1,866
down €1,866 (-63.9%), from -€2,922 to -€4,788
- Financial charges +€95
up €95 (+2.7%), from €3,572 to €3,667
- Other operating charges -€87
down €87 (-11.3%), from €772 to €684
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.
Cash bridge derived
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 | €292,262 | €256,244 | -€36,018 | -12.3% |
| Current assets | 29/58 | €292,262 | €256,244 | -€36,018 | -12.3% |
| Stocks and contracts in progress | 3 | €252,459 | €254,060 | +€1,601 | +0.6% |
| Stocks | 30/36 | €252,459 | €254,060 | +€1,601 | +0.6% |
| Amounts receivable within one year | 40/41 | €39,789 | €1,703 | -€38,085 | -95.7% |
| Trade receivables | 40 | €31,275 | €0 | -€31,275 | -100.0% |
| Other amounts receivable | 41 | €8,513 | €1,703 | -€6,810 | -80.0% |
| Cash at bank and in hand | 54/58 | €15 | €481 | +€466 | +3197.1% |
| Total equity and liabilities | 10/49 | €292,262 | €256,244 | -€36,018 | -12.3% |
| Equity | 10/15 | -€53,626 | -€62,764 | -€9,138 | -17.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,626 | -€65,764 | -€9,138 | -16.1% |
| Amounts payable | 17/49 | €345,888 | €319,008 | -€26,880 | -7.8% |
| Amounts payable after more than one year | 17 | €235,500 | €60,500 | -€175,000 | -74.3% |
| Financial debts | 170/4 | €235,500 | €60,500 | -€175,000 | -74.3% |
| Amounts payable within one year | 42/48 | €107,608 | €255,093 | +€147,485 | +137.1% |
| Current portion of amounts payable after more than one year | 42 | - | €175,000 | +€175,000 | |
| Trade debts | 44 | €40,236 | €3,421 | -€36,815 | -91.5% |
| Suppliers | 440/4 | €40,236 | €3,421 | -€36,815 | -91.5% |
| Taxes, remuneration and social security | 45 | €1,352 | €1,352 | = | 0.0% |
| Taxes | 450/3 | €1,352 | €1,352 | = | 0.0% |
| Other amounts payable | 47/48 | €66,020 | €75,320 | +€9,300 | +14.1% |
| Accrued charges and deferred income | 492/3 | €2,780 | €3,415 | +€635 | +22.8% |
| Other operating charges | 640/8 | €772 | €684 | -€87 | -11.3% |
| Gross operating margin | 9900 | -€2,922 | -€4,788 | -€1,866 | -63.9% |
| Operating profit (loss) | 9901 | -€3,693 | -€5,472 | -€1,778 | -48.2% |
| Financial charges | 65/66B | €3,572 | €3,667 | +€95 | +2.7% |
| Recurring financial charges | 65 | €3,572 | €3,667 | +€95 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,265 | -€9,138 | -€1,873 | -25.8% |
| Profit (loss) for the period | 9904 | -€7,265 | -€9,138 | -€1,873 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,265 | -€9,138 | -€1,873 | -25.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.