SANDRU: 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.
SANDRU
Largest movements
- Receivables within one year +€76,666
up €76,666 (+43.2%), from €177,484 to €254,150
of which Trade receivables: +€74,461
- Tangible fixed assets -€24,804
down €24,804 (-35.3%), from €70,297 to €45,493
of which Furniture and vehicles: -€19,112
- Cash -€16,639
down €16,639 (-31.9%), from €52,185 to €35,547
mainly Receivables within one year (-€76,666) and Debts after one year (-€12,883)
- Trade debts +€35,309
up €35,309 (+30.4%), from €115,991 to €151,300
- Other debts +€21,681
up €21,681 (+24.9%), from €87,240 to €108,921
- Debts after one year -€12,883
down €12,883 (-47.3%), from €27,252 to €14,369
- Profit (loss) carried forward -€5,672
down €5,672 (-28.2%), from €20,133 to €14,460
- Gross operating margin -€114,721
down €114,721 (-60.4%), from €190,065 to €75,344
- Taxes -€25,572
down €25,572 (-98.0%), from €26,101 to €529
- Staff costs +€6,775
up €6,775 (+15.5%), from €43,818 to €50,593
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 | €308,103 | €342,915 | +€34,812 | +11.3% |
| Fixed assets | 21/28 | €71,827 | €46,931 | -€24,896 | -34.7% |
| Tangible fixed assets | 22/27 | €70,297 | €45,493 | -€24,804 | -35.3% |
| Plant, machinery and equipment | 23 | €11,881 | €6,188 | -€5,692 | -47.9% |
| Furniture and vehicles | 24 | €58,417 | €39,305 | -€19,112 | -32.7% |
| Financial fixed assets | 28 | €1,530 | €1,437 | -€92 | -6.0% |
| Current assets | 29/58 | €236,276 | €295,984 | +€59,708 | +25.3% |
| Amounts receivable within one year | 40/41 | €177,484 | €254,150 | +€76,666 | +43.2% |
| Trade receivables | 40 | €165,500 | €239,960 | +€74,461 | +45.0% |
| Other amounts receivable | 41 | €11,984 | €14,189 | +€2,205 | +18.4% |
| Cash at bank and in hand | 54/58 | €52,185 | €35,547 | -€16,639 | -31.9% |
| Deferred charges and accrued income | 490/1 | €6,607 | €6,288 | -€319 | -4.8% |
| Total equity and liabilities | 10/49 | €308,103 | €342,915 | +€34,812 | +11.3% |
| Equity | 10/15 | €27,993 | €22,320 | -€5,672 | -20.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,133 | €14,460 | -€5,672 | -28.2% |
| Amounts payable | 17/49 | €280,110 | €320,595 | +€40,484 | +14.5% |
| Amounts payable after more than one year | 17 | €27,252 | €14,369 | -€12,883 | -47.3% |
| Financial debts | 170/4 | €27,252 | €14,369 | -€12,883 | -47.3% |
| Amounts payable within one year | 42/48 | €252,859 | €306,226 | +€53,367 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €15,795 | €13,021 | -€2,774 | -17.6% |
| Trade debts | 44 | €115,991 | €151,300 | +€35,309 | +30.4% |
| Suppliers | 440/4 | €115,991 | €151,300 | +€35,309 | +30.4% |
| Taxes, remuneration and social security | 45 | €33,833 | €32,984 | -€849 | -2.5% |
| Taxes | 450/3 | €26,101 | €25,229 | -€871 | -3.3% |
| Remuneration and social security | 454/9 | €7,732 | €7,755 | +€23 | +0.3% |
| Other amounts payable | 47/48 | €87,240 | €108,921 | +€21,681 | +24.9% |
| Remuneration, social security and pensions | 62 | €43,818 | €50,593 | +€6,775 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,020 | €25,702 | -€1,318 | -4.9% |
| Other operating charges | 640/8 | €2,462 | €2,545 | +€83 | +3.4% |
| Gross operating margin | 9900 | €190,065 | €75,344 | -€114,721 | -60.4% |
| Operating profit (loss) | 9901 | €116,765 | -€3,496 | -€120,261 | |
| Financial income | 75/76B | €46 | €645 | +€599 | +1,308% |
| Recurring financial income | 75 | €46 | €645 | +€599 | +1,308% |
| Financial charges | 65/66B | €2,743 | €2,292 | -€450 | -16.4% |
| Recurring financial charges | 65 | €2,743 | €2,292 | -€450 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €114,068 | -€5,144 | -€119,212 | |
| Income taxes | 67/77 | €26,101 | €529 | -€25,572 | -98.0% |
| Profit (loss) for the period | 9904 | €87,968 | -€5,672 | -€93,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,968 | -€5,672 | -€93,640 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.