SANDRA BOECKX: 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.
SANDRA BOECKX
Largest movements
- Cash +€31,158
up €31,158 (+256%), from €12,169 to €43,327
mainly Net result for the year (+€31,999) and Tax, wage and social debts (+€6,917)
- Receivables within one year +€2,566
up €2,566 (+74.7%), from €3,432 to €5,998
- Tangible fixed assets +€544
up €544 (+33.3%), from €1,635 to €2,179
- Profit (loss) carried forward +€31,999
up €31,999 (+668%), from €4,787 to €36,787
- Tax, wage and social debts +€6,917
up €6,917 (+132%), from €5,236 to €12,153
- Other debts -€3,060
no longer reported in 2025 (was €3,060)
- Trade debts -€1,550
down €1,550 (-84.8%), from €1,827 to €278
- Gross operating margin +€35,605
up €35,605 (+540%), from €6,594 to €42,198
- Taxes +€6,912
up €6,912 (+478%), from €1,447 to €8,359
- Depreciation +€751
up €751 (+391%), from €192 to €942
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 | €17,311 | €51,617 | +€34,307 | +198% |
| Fixed assets | 21/28 | €1,635 | €2,179 | +€544 | +33.3% |
| Tangible fixed assets | 22/27 | €1,635 | €2,179 | +€544 | +33.3% |
| Plant, machinery and equipment | 23 | €1,635 | €2,179 | +€544 | +33.3% |
| Current assets | 29/58 | €15,676 | €49,438 | +€33,762 | +215% |
| Amounts receivable within one year | 40/41 | €3,432 | €5,998 | +€2,566 | +74.7% |
| Trade receivables | 40 | €3,432 | €5,998 | +€2,566 | +74.7% |
| Cash at bank and in hand | 54/58 | €12,169 | €43,327 | +€31,158 | +256% |
| Deferred charges and accrued income | 490/1 | €75 | €114 | +€39 | +51.6% |
| Total equity and liabilities | 10/49 | €17,311 | €51,617 | +€34,307 | +198% |
| Equity | 10/15 | €7,187 | €39,187 | +€31,999 | +445% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,787 | €36,787 | +€31,999 | +668% |
| Amounts payable | 17/49 | €10,124 | €12,431 | +€2,307 | +22.8% |
| Amounts payable within one year | 42/48 | €10,124 | €12,431 | +€2,307 | +22.8% |
| Trade debts | 44 | €1,827 | €278 | -€1,550 | -84.8% |
| Suppliers | 440/4 | €1,827 | €278 | -€1,550 | -84.8% |
| Taxes, remuneration and social security | 45 | €5,236 | €12,153 | +€6,917 | +132% |
| Taxes | 450/3 | €5,236 | €12,153 | +€6,917 | +132% |
| Other amounts payable | 47/48 | €3,060 | - | -€3,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €942 | +€751 | +391% |
| Non-recurring operating charges | 66A | - | €531 | +€531 | |
| Gross operating margin | 9900 | €6,594 | €42,198 | +€35,605 | +540% |
| Operating profit (loss) | 9901 | €6,402 | €40,725 | +€34,323 | +536% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €168 | €367 | +€199 | +119% |
| Recurring financial charges | 65 | €168 | €367 | +€199 | +119% |
| Profit (loss) for the period before taxes | 9903 | €6,234 | €40,358 | +€34,124 | +547% |
| Income taxes | 67/77 | €1,447 | €8,359 | +€6,912 | +478% |
| Profit (loss) for the period | 9904 | €4,787 | €31,999 | +€27,212 | +568% |
| Profit (loss) for the period to be appropriated | 9905 | €4,787 | €31,999 | +€27,212 | +568% |
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 14 October 2026 via checked.be.