SANDFYSIO: 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.
SANDFYSIO
Largest movements
- Deferred charges and accrued income +€33,597
up €33,597 (+41,198%), from €82 to €33,679
- Cash -€4,478
no longer reported in 2025 (was €4,478)
mainly Deferred charges and accrued income (-€33,597) and Investment in fixed assets (net) (-€3,963)
- Tangible fixed assets +€1,669
up €1,669 (+54.0%), from €3,089 to €4,758
of which Plant, machinery and equipment: +€2,633
- Receivables within one year +€755
up €755 (+5.4%), from €13,958 to €14,713
of which Other amounts receivable: +€2,637
- Reserves +€23,954
up €23,954 (+4,219%), from €568 to €24,522
- Tax, wage and social debts +€5,538
up €5,538 (+29.1%), from €19,010 to €24,548
- Trade debts +€1,295
up €1,295 (+4,590%), from €28 to €1,323
- Short-term financial debts +€757
new in 2025: €757
- Gross operating margin +€6,783
up €6,783 (+20.4%), from €33,225 to €40,008
- Taxes +€5,092
up €5,092 (+79.2%), from €6,425 to €11,517
- Financial charges -€600
down €600 (-23.8%), from €2,521 to €1,921
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 | €21,606 | €53,150 | +€31,544 | +146% |
| Fixed assets | 21/28 | €3,089 | €4,758 | +€1,669 | +54.0% |
| Tangible fixed assets | 22/27 | €3,089 | €4,758 | +€1,669 | +54.0% |
| Plant, machinery and equipment | 23 | €222 | €2,854 | +€2,633 | +1,187% |
| Furniture and vehicles | 24 | €2,867 | €1,903 | -€963 | -33.6% |
| Current assets | 29/58 | €18,518 | €48,392 | +€29,875 | +161% |
| Amounts receivable within one year | 40/41 | €13,958 | €14,713 | +€755 | +5.4% |
| Trade receivables | 40 | €1,882 | - | -€1,882 | |
| Other amounts receivable | 41 | €12,076 | €14,713 | +€2,637 | +21.8% |
| Cash at bank and in hand | 54/58 | €4,478 | - | -€4,478 | |
| Deferred charges and accrued income | 490/1 | €82 | €33,679 | +€33,597 | +41,198% |
| Total equity and liabilities | 10/49 | €21,606 | €53,150 | +€31,544 | +146% |
| Equity | 10/15 | €2,568 | €26,522 | +€23,954 | +933% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €568 | €24,522 | +€23,954 | +4,219% |
| Distributable reserves | 133 | €568 | €24,522 | +€23,954 | +4,219% |
| Amounts payable | 17/49 | €19,038 | €26,629 | +€7,590 | +39.9% |
| Amounts payable within one year | 42/48 | €19,038 | €26,629 | +€7,590 | +39.9% |
| Financial debts | 43 | - | €757 | +€757 | |
| Credit institutions | 430/8 | - | €757 | +€757 | |
| Trade debts | 44 | €28 | €1,323 | +€1,295 | +4,590% |
| Suppliers | 440/4 | €28 | €1,323 | +€1,295 | +4,590% |
| Taxes, remuneration and social security | 45 | €19,010 | €24,548 | +€5,538 | +29.1% |
| Taxes | 450/3 | €19,010 | €24,548 | +€5,538 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,907 | €2,294 | +€387 | +20.3% |
| Other operating charges | 640/8 | €1,402 | €1,069 | -€333 | -23.7% |
| Gross operating margin | 9900 | €33,225 | €40,008 | +€6,783 | +20.4% |
| Operating profit (loss) | 9901 | €29,916 | €36,645 | +€6,729 | +22.5% |
| Financial income | 75/76B | €599 | €746 | +€147 | +24.6% |
| Recurring financial income | 75 | €599 | €746 | +€147 | +24.6% |
| Financial charges | 65/66B | €2,521 | €1,921 | -€600 | -23.8% |
| Recurring financial charges | 65 | €2,521 | €1,921 | -€600 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €27,994 | €35,471 | +€7,477 | +26.7% |
| Income taxes | 67/77 | €6,425 | €11,517 | +€5,092 | +79.2% |
| Profit (loss) for the period | 9904 | €21,569 | €23,954 | +€2,385 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,569 | €23,954 | +€2,385 | +11.1% |
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 21 October 2026 via checked.be.