SANDROS: 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.
SANDROS
Largest movements
- Cash -€19,315
down €19,315 (-30.1%), from €64,063 to €44,748
mainly Trade debts (-€34,533) and Receivables within one year (-€9,639)
- Tangible fixed assets -€18,742
down €18,742 (-24.7%), from €75,800 to €57,058
- Receivables within one year +€9,639
up €9,639 (+782.7%), from €1,231 to €10,870
of which Trade receivables: +€6,958
- Trade debts -€34,533
down €34,533 (-98.3%), from €35,144 to €611
- Profit (loss) carried forward +€8,558
up €8,558 (+85.8%), from -€9,976 to -€1,418
- Tax, wage and social debts -€2,586
down €2,586 (-89.2%), from €2,900 to €314
- Gross operating margin +€23,109
up €23,109 (+404.4%), from €5,714 to €28,823
- Financial income -€4,756
down €4,756 (-87.5%), from €5,433 to €677
- Depreciation -€541
down €541 (-2.8%), from €19,283 to €18,742
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 | €141,094 | €112,677 | -€28,417 | -20.1% |
| Fixed assets | 21/28 | €75,800 | €57,058 | -€18,742 | -24.7% |
| Tangible fixed assets | 22/27 | €75,800 | €57,058 | -€18,742 | -24.7% |
| Furniture and vehicles | 24 | €75,800 | €57,058 | -€18,742 | -24.7% |
| Current assets | 29/58 | €65,294 | €55,619 | -€9,676 | -14.8% |
| Amounts receivable within one year | 40/41 | €1,231 | €10,870 | +€9,639 | +782.7% |
| Trade receivables | 40 | - | €6,958 | +€6,958 | |
| Other amounts receivable | 41 | €1,231 | €3,913 | +€2,681 | +217.7% |
| Cash at bank and in hand | 54/58 | €64,063 | €44,748 | -€19,315 | -30.1% |
| Total equity and liabilities | 10/49 | €141,094 | €112,677 | -€28,417 | -20.1% |
| Equity | 10/15 | -€4,976 | €3,582 | +€8,558 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,976 | -€1,418 | +€8,558 | +85.8% |
| Amounts payable | 17/49 | €146,070 | €109,095 | -€36,975 | -25.3% |
| Amounts payable within one year | 42/48 | €146,070 | €108,951 | -€37,119 | -25.4% |
| Trade debts | 44 | €35,144 | €611 | -€34,533 | -98.3% |
| Suppliers | 440/4 | €35,144 | €611 | -€34,533 | -98.3% |
| Taxes, remuneration and social security | 45 | €2,900 | €314 | -€2,586 | -89.2% |
| Taxes | 450/3 | €2,900 | €314 | -€2,586 | -89.2% |
| Other amounts payable | 47/48 | €108,026 | €108,026 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,283 | €18,742 | -€541 | -2.8% |
| Other operating charges | 640/8 | €1,290 | €1,414 | +€124 | +9.6% |
| Gross operating margin | 9900 | €5,714 | €28,823 | +€23,109 | +404.4% |
| Operating profit (loss) | 9901 | -€14,859 | €8,668 | +€23,526 | |
| Financial income | 75/76B | €5,433 | €677 | -€4,756 | -87.5% |
| Recurring financial income | 75 | €5,433 | €677 | -€4,756 | -87.5% |
| Financial charges | 65/66B | €181 | €345 | +€165 | +91.4% |
| Recurring financial charges | 65 | €181 | €345 | +€165 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,606 | €8,999 | +€18,606 | |
| Income taxes | 67/77 | €370 | €442 | +€72 | +19.5% |
| Profit (loss) for the period | 9904 | -€9,976 | €8,558 | +€18,533 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,976 | €8,558 | +€18,533 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.