SANDRINE & C°: 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.
SANDRINE & C°
Largest movements
- Cash +€12,417
up €12,417 (+17.8%), from €69,567 to €81,984
mainly Net result for the year (+€14,849) and Depreciation (+€1,412)
- Tangible fixed assets -€1,412
down €1,412 (-22.6%), from €6,252 to €4,840
of which Plant, machinery and equipment: -€1,073
- Reserves +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€1,992
up €1,992 (+3.4%), from €59,410 to €61,402
- Gross operating margin +€20,056
up €20,056 (+510%), from €3,931 to €23,987
- Taxes +€5,071
up €5,071 (+1,771%), from €286 to €5,357
- Depreciation +€297
up €297 (+26.6%), from €1,115 to €1,412
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 | €91,340 | €101,804 | +€10,464 | +11.5% |
| Fixed assets | 21/28 | €7,997 | €6,585 | -€1,412 | -17.7% |
| Tangible fixed assets | 22/27 | €6,252 | €4,840 | -€1,412 | -22.6% |
| Plant, machinery and equipment | 23 | €3,796 | €2,722 | -€1,073 | -28.3% |
| Furniture and vehicles | 24 | €2,456 | €2,118 | -€339 | -13.8% |
| Financial fixed assets | 28 | €1,745 | €1,745 | = | 0.0% |
| Current assets | 29/58 | €83,343 | €95,219 | +€11,876 | +14.2% |
| Stocks and contracts in progress | 3 | €11,979 | €11,358 | -€621 | -5.2% |
| Stocks | 30/36 | €11,979 | €11,358 | -€621 | -5.2% |
| Amounts receivable within one year | 40/41 | €975 | €1,122 | +€148 | +15.2% |
| Trade receivables | 40 | €35 | €35 | = | 0.0% |
| Other amounts receivable | 41 | €940 | €1,087 | +€148 | +15.7% |
| Cash at bank and in hand | 54/58 | €69,567 | €81,984 | +€12,417 | +17.8% |
| Deferred charges and accrued income | 490/1 | €823 | €755 | -€69 | -8.3% |
| Total equity and liabilities | 10/49 | €91,340 | €101,804 | +€10,464 | +11.5% |
| Equity | 10/15 | €67,470 | €79,462 | +€11,992 | +17.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | - | -€8,060 | |
| Share premium | 1100/10 | €8,060 | - | -€8,060 | |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Tax-exempt reserves | 132 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €59,410 | €61,402 | +€1,992 | +3.4% |
| Amounts payable | 17/49 | €23,870 | €22,342 | -€1,528 | -6.4% |
| Amounts payable within one year | 42/48 | €23,870 | €22,342 | -€1,528 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €868 | - | -€868 | |
| Trade debts | 44 | €1,153 | €696 | -€457 | -39.6% |
| Suppliers | 440/4 | €1,153 | €696 | -€457 | -39.6% |
| Taxes, remuneration and social security | 45 | €14,501 | €13,760 | -€742 | -5.1% |
| Taxes | 450/3 | €14,501 | €13,610 | -€892 | -6.1% |
| Remuneration and social security | 454/9 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €7,348 | €7,886 | +€538 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,115 | €1,412 | +€297 | +26.6% |
| Other operating charges | 640/8 | €1,270 | €1,152 | -€118 | -9.3% |
| Gross operating margin | 9900 | €3,931 | €23,987 | +€20,056 | +510% |
| Operating profit (loss) | 9901 | €1,545 | €21,423 | +€19,877 | +1,286% |
| Financial income | 75/76B | €9 | €0 | -€9 | -97.3% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -97.3% |
| Financial charges | 65/66B | €1,364 | €1,217 | -€147 | -10.8% |
| Recurring financial charges | 65 | €1,364 | €1,217 | -€147 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €190 | €20,206 | +€20,016 | +10,518% |
| Income taxes | 67/77 | €286 | €5,357 | +€5,071 | +1,771% |
| Profit (loss) for the period | 9904 | -€96 | €14,849 | +€14,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96 | €14,849 | +€14,945 |
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 20 October 2026 via checked.be.