SANDWISH: 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.
SANDWISH
Largest movements
- Receivables within one year -€121
down €121 (-9.8%), from €1,232 to €1,111
of which Other amounts receivable: -€231
- Cash +€67
up €67 (+352.6%), from €19 to €86
mainly Other debts (+€5,085) and Tax, wage and social debts (+€324)
- Deferred charges and accrued income +€58
up €58 (+10.6%), from €547 to €605
- Other debts +€5,085
up €5,085 (+7.0%), from €72,333 to €77,418
- Profit (loss) carried forward -€4,343
down €4,343 (-6.0%), from -€72,987 to -€77,330
- Trade debts -€1,062
no longer reported in 2025 (was €1,062)
- Tax, wage and social debts +€324
up €324 (+170.5%), from €190 to €514
- Gross operating margin -€2,372
down €2,372 (-274.5%), from -€864 to -€3,236
- Financial charges -€592
down €592 (-54.7%), from €1,082 to €490
- Other operating charges +€301
up €301 (+301.0%), from €100 to €401
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 | €1,798 | €1,802 | +€4 | +0.2% |
| Current assets | 29/58 | €1,798 | €1,802 | +€4 | +0.2% |
| Amounts receivable within one year | 40/41 | €1,232 | €1,111 | -€121 | -9.8% |
| Trade receivables | 40 | €1,001 | €1,111 | +€110 | +11.0% |
| Other amounts receivable | 41 | €231 | - | -€231 | |
| Cash at bank and in hand | 54/58 | €19 | €86 | +€67 | +352.6% |
| Deferred charges and accrued income | 490/1 | €547 | €605 | +€58 | +10.6% |
| Total equity and liabilities | 10/49 | €1,798 | €1,802 | +€4 | +0.2% |
| Equity | 10/15 | -€71,787 | -€76,130 | -€4,343 | -6.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,987 | -€77,330 | -€4,343 | -6.0% |
| Amounts payable | 17/49 | €73,585 | €77,932 | +€4,347 | +5.9% |
| Amounts payable within one year | 42/48 | €73,585 | €77,932 | +€4,347 | +5.9% |
| Trade debts | 44 | €1,062 | - | -€1,062 | |
| Suppliers | 440/4 | €1,062 | - | -€1,062 | |
| Taxes, remuneration and social security | 45 | €190 | €514 | +€324 | +170.5% |
| Taxes | 450/3 | €190 | €514 | +€324 | +170.5% |
| Other amounts payable | 47/48 | €72,333 | €77,418 | +€5,085 | +7.0% |
| Other operating charges | 640/8 | €100 | €401 | +€301 | +301.0% |
| Gross operating margin | 9900 | -€864 | -€3,236 | -€2,372 | -274.5% |
| Operating profit (loss) | 9901 | -€964 | -€3,637 | -€2,673 | -277.3% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,082 | €490 | -€592 | -54.7% |
| Recurring financial charges | 65 | €1,082 | €490 | -€592 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,038 | -€4,127 | -€2,089 | -102.5% |
| Income taxes | 67/77 | €190 | €216 | +€26 | +13.7% |
| Profit (loss) for the period | 9904 | -€2,228 | -€4,343 | -€2,115 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,228 | -€4,343 | -€2,115 | -94.9% |
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 4 October 2026 via checked.be.