SANDRA D: 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 D
Largest movements
- Receivables within one year -€69,125
down €69,125 (-31.7%), from €217,750 to €148,625
of which Other amounts receivable: -€62,965
- Tangible fixed assets +€4,274
up €4,274 (+569.8%), from €750 to €5,024
of which Furniture and vehicles: +€5,024
- Other debts -€60,806
down €60,806 (-21.2%), from €287,047 to €226,242
- Tax, wage and social debts -€5,069
down €5,069 (-93.6%), from €5,413 to €344
- Turnover +€19,979
new in 2025: €19,979
- Purchases and services +€18,155
new in 2025: €18,155
- Gross operating margin -€1,243
down €1,243 (-25.2%), from €4,934 to €3,690
- Other operating charges -€995
down €995 (-71.3%), from €1,395 to €400
- Depreciation -€240
down €240 (-16.0%), from €1,500 to €1,260
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 | €246,667 | €180,574 | -€66,093 | -26.8% |
| Fixed assets | 21/28 | €25,750 | €30,024 | +€4,274 | +16.6% |
| Tangible fixed assets | 22/27 | €750 | €5,024 | +€4,274 | +569.8% |
| Furniture and vehicles | 24 | - | €5,024 | +€5,024 | |
| Other tangible fixed assets | 26 | €750 | - | -€750 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €220,917 | €150,550 | -€70,367 | -31.9% |
| Amounts receivable within one year | 40/41 | €217,750 | €148,625 | -€69,125 | -31.7% |
| Trade receivables | 40 | €59,250 | €53,090 | -€6,160 | -10.4% |
| Other amounts receivable | 41 | €158,500 | €95,535 | -€62,965 | -39.7% |
| Cash at bank and in hand | 54/58 | €2,252 | €424 | -€1,828 | -81.2% |
| Deferred charges and accrued income | 490/1 | €915 | €1,501 | +€586 | +64.0% |
| Total equity and liabilities | 10/49 | €246,667 | €180,574 | -€66,093 | -26.8% |
| Equity | 10/15 | -€49,593 | -€48,159 | +€1,434 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,198 | €1,198 | = | 0.0% |
| Distributable reserves | 133 | €1,198 | €1,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,791 | -€69,357 | +€1,434 | +2.0% |
| Amounts payable | 17/49 | €296,260 | €228,732 | -€67,528 | -22.8% |
| Amounts payable within one year | 42/48 | €295,658 | €228,732 | -€66,926 | -22.6% |
| Trade debts | 44 | €3,198 | €2,146 | -€1,052 | -32.9% |
| Suppliers | 440/4 | €3,198 | €2,146 | -€1,052 | -32.9% |
| Taxes, remuneration and social security | 45 | €5,413 | €344 | -€5,069 | -93.6% |
| Taxes | 450/3 | €5,413 | €344 | -€5,069 | -93.6% |
| Other amounts payable | 47/48 | €287,047 | €226,242 | -€60,806 | -21.2% |
| Accrued charges and deferred income | 492/3 | €601 | €0 | -€601 | -100.0% |
| Turnover | 70 | - | €19,979 | +€19,979 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €18,155 | +€18,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,260 | -€240 | -16.0% |
| Other operating charges | 640/8 | €1,395 | €400 | -€995 | -71.3% |
| Gross operating margin | 9900 | €4,934 | €3,690 | -€1,243 | -25.2% |
| Operating profit (loss) | 9901 | €2,039 | €2,030 | -€9 | -0.4% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €369 | €501 | +€132 | +35.7% |
| Recurring financial charges | 65 | €369 | €501 | +€132 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €1,670 | €1,604 | -€65 | -3.9% |
| Income taxes | 67/77 | €174 | €170 | -€4 | -2.5% |
| Profit (loss) for the period | 9904 | €1,495 | €1,434 | -€61 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,495 | €1,434 | -€61 | -4.1% |
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 11 October 2026 via checked.be.