SANDOITCHI: 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.
SANDOITCHI
Largest movements
- Cash +€46,694
up €46,694 (+298%), from €15,669 to €62,364
mainly Net result for the year (+€52,958) and Other debts (+€51,758)
- Receivables within one year +€21,216
up €21,216 (+37.7%), from €56,212 to €77,427
of which Trade receivables: +€16,634
- Tangible fixed assets -€8,792
down €8,792 (-23.6%), from €37,280 to €28,488
- Other debts +€51,758
up €51,758, from €0 to €51,758
- Tax, wage and social debts +€11,375
up €11,375 (+120%), from €9,454 to €20,829
of which Taxes: +€11,375
- Debts after one year -€4,946
down €4,946 (-29.5%), from €16,790 to €11,844
- Gross operating margin +€65,829
up €65,829 (+437%), from €15,059 to €80,888
- Taxes +€18,297
up €18,297 (+768%), from €2,384 to €20,681
- Depreciation +€2,114
up €2,114 (+31.7%), from €6,678 to €8,792
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 | €137,687 | €197,648 | +€59,961 | +43.5% |
| Fixed assets | 21/28 | €37,742 | €28,950 | -€8,792 | -23.3% |
| Tangible fixed assets | 22/27 | €37,280 | €28,488 | -€8,792 | -23.6% |
| Furniture and vehicles | 24 | €37,280 | €28,488 | -€8,792 | -23.6% |
| Financial fixed assets | 28 | €462 | €462 | = | 0.0% |
| Current assets | 29/58 | €99,945 | €168,697 | +€68,752 | +68.8% |
| Amounts receivable after more than one year | 29 | €28,064 | €28,906 | +€842 | +3.0% |
| Other amounts receivable | 291 | €28,064 | €28,906 | +€842 | +3.0% |
| Amounts receivable within one year | 40/41 | €56,212 | €77,427 | +€21,216 | +37.7% |
| Trade receivables | 40 | €20,150 | €36,784 | +€16,634 | +82.6% |
| Other amounts receivable | 41 | €36,062 | €40,644 | +€4,581 | +12.7% |
| Cash at bank and in hand | 54/58 | €15,669 | €62,364 | +€46,694 | +298% |
| Total equity and liabilities | 10/49 | €137,687 | €197,648 | +€59,961 | +43.5% |
| Equity | 10/15 | €104,735 | €105,935 | +€1,200 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,335 | €93,535 | +€1,200 | +1.3% |
| Distributable reserves | 133 | €92,335 | €93,535 | +€1,200 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,952 | €91,713 | +€58,761 | +178% |
| Amounts payable after more than one year | 17 | €16,790 | €11,844 | -€4,946 | -29.5% |
| Financial debts | 170/4 | €16,790 | €11,844 | -€4,946 | -29.5% |
| Amounts payable within one year | 42/48 | €16,162 | €79,868 | +€63,707 | +394% |
| Current portion of amounts payable after more than one year | 42 | €4,760 | €4,946 | +€186 | +3.9% |
| Trade debts | 44 | €1,948 | €2,335 | +€388 | +19.9% |
| Suppliers | 440/4 | €1,948 | €2,335 | +€388 | +19.9% |
| Taxes, remuneration and social security | 45 | €9,454 | €20,829 | +€11,375 | +120% |
| Taxes | 450/3 | €9,454 | €20,829 | +€11,375 | +120% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €51,758 | +€51,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,678 | €8,792 | +€2,114 | +31.7% |
| Other operating charges | 640/8 | €145 | €501 | +€356 | +245% |
| Gross operating margin | 9900 | €15,059 | €80,888 | +€65,829 | +437% |
| Operating profit (loss) | 9901 | €8,236 | €71,595 | +€63,359 | +769% |
| Financial income | 75/76B | €2,264 | €2,980 | +€717 | +31.7% |
| Recurring financial income | 75 | €2,264 | €2,980 | +€717 | +31.7% |
| Financial charges | 65/66B | €845 | €937 | +€92 | +10.8% |
| Recurring financial charges | 65 | €845 | €937 | +€92 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €9,655 | €73,639 | +€63,985 | +663% |
| Income taxes | 67/77 | €2,384 | €20,681 | +€18,297 | +768% |
| Profit (loss) for the period | 9904 | €7,271 | €52,958 | +€45,687 | +628% |
| Profit (loss) for the period to be appropriated | 9905 | €7,271 | €52,958 | +€45,687 | +628% |
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 13 October 2026 via checked.be.