SANDHU: 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.
SANDHU
Largest movements
- Receivables within one year +€110,437
up €110,437 (+297%), from €37,215 to €147,652
of which Other amounts receivable: +€110,437
- Cash +€15,142
up €15,142 (+36.3%), from €41,674 to €56,816
mainly Tax, wage and social debts (+€82,043) and Net result for the year (+€30,830)
- Tax, wage and social debts +€82,043
up €82,043 (+187%), from €43,954 to €125,997
of which Taxes: +€61,249
- Reserves +€30,830
up €30,830 (+341%), from €9,054 to €39,883
of which Distributable reserves: +€31,045
- Trade debts +€10,591
up €10,591 (+27.3%), from €38,798 to €49,389
- Gross operating margin +€26,114
up €26,114 (+64.6%), from €40,419 to €66,533
- Taxes +€10,089
up €10,089 (+187%), from €5,404 to €15,493
- Other operating charges -€6,759
down €6,759 (-70.9%), from €9,540 to €2,781
- Financial charges +€888
up €888 (+5.6%), from €15,961 to €16,849
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,612 | €335,686 | +€123,074 | +57.9% |
| Fixed assets | 21/28 | €568 | €316 | -€253 | -44.5% |
| Tangible fixed assets | 22/27 | €568 | €316 | -€253 | -44.5% |
| Plant, machinery and equipment | 23 | €536 | €316 | -€221 | -41.1% |
| Furniture and vehicles | 24 | €32 | - | -€32 | |
| Current assets | 29/58 | €212,043 | €335,370 | +€123,327 | +58.2% |
| Stocks and contracts in progress | 3 | €132,821 | €130,321 | -€2,500 | -1.9% |
| Stocks | 30/36 | €132,821 | €130,321 | -€2,500 | -1.9% |
| Amounts receivable within one year | 40/41 | €37,215 | €147,652 | +€110,437 | +297% |
| Trade receivables | 40 | €496 | €496 | = | 0.0% |
| Other amounts receivable | 41 | €36,719 | €147,156 | +€110,437 | +301% |
| Cash at bank and in hand | 54/58 | €41,674 | €56,816 | +€15,142 | +36.3% |
| Deferred charges and accrued income | 490/1 | €333 | €581 | +€248 | +74.4% |
| Total equity and liabilities | 10/49 | €212,612 | €335,686 | +€123,074 | +57.9% |
| Equity | 10/15 | €35,060 | €65,889 | +€30,830 | +87.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,054 | €39,883 | +€30,830 | +341% |
| Non-distributable reserves | 130/1 | €216 | - | -€216 | |
| Reserves not available under the articles | 1311 | €216 | - | -€216 | |
| Distributable reserves | 133 | €8,838 | €39,883 | +€31,045 | +351% |
| Profit (loss) carried forward | 14 | €7,406 | €7,406 | = | 0.0% |
| Amounts payable | 17/49 | €177,552 | €269,797 | +€92,245 | +52.0% |
| Amounts payable within one year | 42/48 | €177,552 | €269,797 | +€92,245 | +52.0% |
| Trade debts | 44 | €38,798 | €49,389 | +€10,591 | +27.3% |
| Suppliers | 440/4 | €38,798 | €49,389 | +€10,591 | +27.3% |
| Taxes, remuneration and social security | 45 | €43,954 | €125,997 | +€82,043 | +187% |
| Taxes | 450/3 | €22,248 | €83,497 | +€61,249 | +275% |
| Remuneration and social security | 454/9 | €21,706 | €42,500 | +€20,794 | +95.8% |
| Other amounts payable | 47/48 | €94,800 | €94,411 | -€389 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €583 | -€529 | -47.6% |
| Other operating charges | 640/8 | €9,540 | €2,781 | -€6,759 | -70.9% |
| Gross operating margin | 9900 | €40,419 | €66,533 | +€26,114 | +64.6% |
| Operating profit (loss) | 9901 | €29,767 | €63,169 | +€33,403 | +112% |
| Financial income | 75/76B | €0 | €3 | +€3 | +907% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +907% |
| Financial charges | 65/66B | €15,961 | €16,849 | +€888 | +5.6% |
| Recurring financial charges | 65 | €15,961 | €16,849 | +€888 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €13,806 | €46,323 | +€32,517 | +236% |
| Income taxes | 67/77 | €5,404 | €15,493 | +€10,089 | +187% |
| Profit (loss) for the period | 9904 | €8,402 | €30,830 | +€22,428 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €8,402 | €30,830 | +€22,428 | +267% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.