SANDFOX CONSULTING: 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.
SANDFOX CONSULTING
Largest movements
- Cash +€64,430
up €64,430 (+100.9%), from €63,843 to €128,273
mainly Other debts (+€150,000) and Net result for the year (+€98,114)
- Receivables within one year +€22,403
up €22,403 (+83.3%), from €26,899 to €49,301
of which Trade receivables: +€27,998
- Tangible fixed assets +€12,343
up €12,343 (+903.0%), from €1,367 to €13,710
of which Other tangible fixed assets: +€7,496
- Other debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward -€51,886
down €51,886 (-82.2%), from €63,110 to €11,224
- Tax, wage and social debts +€2,948
up €2,948 (+14.3%), from €20,635 to €23,584
- Gross operating margin +€36,222
up €36,222 (+39.1%), from €92,731 to €128,953
- Depreciation -€13,687
down €13,687 (-90.1%), from €15,187 to €1,500
- Taxes +€12,877
up €12,877 (+83.3%), from €15,460 to €28,337
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 | €96,251 | €196,008 | +€99,757 | +103.6% |
| Fixed assets | 21/28 | €1,367 | €13,710 | +€12,343 | +903.0% |
| Tangible fixed assets | 22/27 | €1,367 | €13,710 | +€12,343 | +903.0% |
| Furniture and vehicles | 24 | €1,367 | €6,214 | +€4,847 | +354.6% |
| Other tangible fixed assets | 26 | - | €7,496 | +€7,496 | |
| Current assets | 29/58 | €94,884 | €182,298 | +€87,414 | +92.1% |
| Amounts receivable within one year | 40/41 | €26,899 | €49,301 | +€22,403 | +83.3% |
| Trade receivables | 40 | €18,339 | €46,337 | +€27,998 | +152.7% |
| Other amounts receivable | 41 | €8,560 | €2,965 | -€5,595 | -65.4% |
| Cash at bank and in hand | 54/58 | €63,843 | €128,273 | +€64,430 | +100.9% |
| Deferred charges and accrued income | 490/1 | €4,142 | €4,723 | +€581 | +14.0% |
| Total equity and liabilities | 10/49 | €96,251 | €196,008 | +€99,757 | +103.6% |
| Equity | 10/15 | €68,110 | €16,224 | -€51,886 | -76.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,110 | €11,224 | -€51,886 | -82.2% |
| Amounts payable | 17/49 | €28,141 | €179,784 | +€151,643 | +538.9% |
| Amounts payable within one year | 42/48 | €28,141 | €179,784 | +€151,643 | +538.9% |
| Trade debts | 44 | €7,505 | €6,201 | -€1,305 | -17.4% |
| Suppliers | 440/4 | €7,505 | €6,201 | -€1,305 | -17.4% |
| Taxes, remuneration and social security | 45 | €20,635 | €23,584 | +€2,948 | +14.3% |
| Taxes | 450/3 | €20,635 | €23,584 | +€2,948 | +14.3% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,187 | €1,500 | -€13,687 | -90.1% |
| Other operating charges | 640/8 | €1,955 | €1,167 | -€788 | -40.3% |
| Non-recurring operating charges | 66A | €4,824 | - | -€4,824 | |
| Gross operating margin | 9900 | €92,731 | €128,953 | +€36,222 | +39.1% |
| Operating profit (loss) | 9901 | €70,765 | €126,286 | +€55,520 | +78.5% |
| Financial income | 75/76B | €588 | €322 | -€266 | -45.2% |
| Recurring financial income | 75 | €588 | €322 | -€266 | -45.2% |
| Financial charges | 65/66B | €87 | €157 | +€70 | +80.0% |
| Recurring financial charges | 65 | €87 | €157 | +€70 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €71,266 | €126,451 | +€55,184 | +77.4% |
| Income taxes | 67/77 | €15,460 | €28,337 | +€12,877 | +83.3% |
| Profit (loss) for the period | 9904 | €55,807 | €98,114 | +€42,307 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,807 | €98,114 | +€42,307 | +75.8% |
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 3 October 2026 via checked.be.