SANDRA G: what changed
Two fiscal 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 G
Largest movements
- Tangible fixed assets -€14,174
down €14,174 (-35.2%), from €40,247 to €26,073
of which Other tangible fixed assets: -€13,629
- Cash +€11,439
up €11,439 (+99.8%), from €11,465 to €22,905
mainly Net result for the year (+€37,294) and Depreciation (+€14,174)
- Receivables within one year +€1,360
up €1,360 (+35.0%), from €3,887 to €5,247
of which Trade receivables: +€1,360
- Profit (loss) carried forward +€37,294
up €37,294 (+59.0%), from -€63,202 to -€25,908
- Debts after one year -€18,849
down €18,849 (-34.2%), from €55,169 to €36,319
- Trade debts -€10,158
down €10,158 (-38.3%), from €26,550 to €16,392
- Short-term financial debts -€5,137
no longer reported in 2024 (was €5,137)
- Current portion of long-term debt -€2,454
down €2,454 (-10.9%), from €22,426 to €19,972
- Turnover +€63,525
up €63,525 (+25.7%), from €246,853 to €310,379
- Gross operating margin +€59,514
up €59,514 (+60.0%), from €99,192 to €158,706
- Staff costs +€30,392
up €30,392 (+42.8%), from €71,053 to €101,446
- Purchases and services +€4,012
up €4,012 (+2.7%), from €147,661 to €151,673
- Other operating charges -€3,225
down €3,225 (-50.1%), from €6,441 to €3,216
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,682 | €78,554 | -€1,128 | -1.4% |
| Fixed assets | 21/28 | €43,462 | €29,288 | -€14,174 | -32.6% |
| Tangible fixed assets | 22/27 | €40,247 | €26,073 | -€14,174 | -35.2% |
| Plant, machinery and equipment | 23 | €497 | €373 | -€124 | -24.9% |
| Furniture and vehicles | 24 | €896 | €475 | -€421 | -47.0% |
| Other tangible fixed assets | 26 | €38,854 | €25,225 | -€13,629 | -35.1% |
| Financial fixed assets | 28 | €3,215 | €3,215 | = | 0.0% |
| Current assets | 29/58 | €36,221 | €49,266 | +€13,046 | +36.0% |
| Stocks and contracts in progress | 3 | €20,869 | €21,115 | +€246 | +1.2% |
| Stocks | 30/36 | €20,869 | €21,115 | +€246 | +1.2% |
| Amounts receivable within one year | 40/41 | €3,887 | €5,247 | +€1,360 | +35.0% |
| Trade receivables | 40 | €3,875 | €5,235 | +€1,360 | +35.1% |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,465 | €22,905 | +€11,439 | +99.8% |
| Total equity and liabilities | 10/49 | €79,682 | €78,554 | -€1,128 | -1.4% |
| Equity | 10/15 | -€54,202 | -€16,908 | +€37,294 | +68.8% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,202 | -€25,908 | +€37,294 | +59.0% |
| Amounts payable | 17/49 | €133,885 | €95,462 | -€38,423 | -28.7% |
| Amounts payable after more than one year | 17 | €55,169 | €36,319 | -€18,849 | -34.2% |
| Financial debts | 170/4 | €55,169 | €36,319 | -€18,849 | -34.2% |
| Amounts payable within one year | 42/48 | €78,716 | €59,143 | -€19,573 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €22,426 | €19,972 | -€2,454 | -10.9% |
| Financial debts | 43 | €5,137 | - | -€5,137 | |
| Credit institutions | 430/8 | €5,137 | - | -€5,137 | |
| Trade debts | 44 | €26,550 | €16,392 | -€10,158 | -38.3% |
| Suppliers | 440/4 | €26,550 | €16,392 | -€10,158 | -38.3% |
| Taxes, remuneration and social security | 45 | €22,367 | €22,402 | +€35 | +0.2% |
| Taxes | 450/3 | €18,056 | €14,934 | -€3,122 | -17.3% |
| Remuneration and social security | 454/9 | €4,311 | €7,468 | +€3,157 | +73.2% |
| Other amounts payable | 47/48 | €2,235 | €376 | -€1,859 | -83.2% |
| Turnover | 70 | €246,853 | €310,379 | +€63,525 | +25.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €147,661 | €151,673 | +€4,012 | +2.7% |
| Remuneration, social security and pensions | 62 | €71,053 | €101,446 | +€30,392 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,097 | €14,174 | +€77 | +0.5% |
| Other operating charges | 640/8 | €6,441 | €3,216 | -€3,225 | -50.1% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €99,192 | €158,706 | +€59,514 | +60.0% |
| Operating profit (loss) | 9901 | €7,600 | €39,868 | +€32,268 | +424.6% |
| Financial income | 75/76B | €0 | €14 | +€14 | +17775.0% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +17775.0% |
| Financial charges | 65/66B | €3,618 | €2,392 | -€1,226 | -33.9% |
| Recurring financial charges | 65 | €3,618 | €2,392 | -€1,226 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €3,983 | €37,490 | +€33,508 | +841.4% |
| Income taxes | 67/77 | €204 | €196 | -€8 | -4.0% |
| Profit (loss) for the period | 9904 | €3,778 | €37,294 | +€33,516 | +887.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,778 | €37,294 | +€33,516 | +887.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.