Sandy Delaval infi: 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.
Sandy Delaval infi
Largest movements
- Cash -€12,857
down €12,857 (-18.3%), from €70,320 to €57,464
mainly Contributions, distributions and other (-€75,000) and Tax, wage and social debts (-€9,000)
- Tangible fixed assets -€8,347
down €8,347 (-24.3%), from €34,368 to €26,021
- Deferred charges and accrued income +€1,376
up €1,376 (+8.8%), from €15,606 to €16,983
- Profit (loss) carried forward -€14,343
down €14,343 (-86.4%), from €16,609 to €2,266
- Tax, wage and social debts -€9,000
down €9,000 (-76.1%), from €11,820 to €2,820
of which Taxes: -€9,000
- Debts after one year -€7,778
no longer reported in 2025 (was €7,778)
- Trade debts +€5,688
up €5,688 (+150%), from €3,789 to €9,477
- Other debts +€5,000
up €5,000 (+6.9%), from €71,960 to €76,960
- Gross operating margin -€18,783
down €18,783 (-18.2%), from €103,042 to €84,259
- Taxes -€4,387
down €4,387 (-22.3%), from €19,658 to €15,271
- Other operating charges -€1,121
down €1,121 (-73.7%), from €1,521 to €400
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 | €121,122 | €100,467 | -€20,655 | -17.1% |
| Fixed assets | 21/28 | €34,368 | €26,021 | -€8,347 | -24.3% |
| Tangible fixed assets | 22/27 | €34,368 | €26,021 | -€8,347 | -24.3% |
| Furniture and vehicles | 24 | €34,368 | €26,021 | -€8,347 | -24.3% |
| Current assets | 29/58 | €86,755 | €74,446 | -€12,309 | -14.2% |
| Amounts receivable within one year | 40/41 | €828 | - | -€828 | |
| Trade receivables | 40 | €828 | - | -€828 | |
| Cash at bank and in hand | 54/58 | €70,320 | €57,464 | -€12,857 | -18.3% |
| Deferred charges and accrued income | 490/1 | €15,606 | €16,983 | +€1,376 | +8.8% |
| Total equity and liabilities | 10/49 | €121,122 | €100,467 | -€20,655 | -17.1% |
| Equity | 10/15 | €19,109 | €4,766 | -€14,343 | -75.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,609 | €2,266 | -€14,343 | -86.4% |
| Amounts payable | 17/49 | €102,014 | €95,701 | -€6,312 | -6.2% |
| Amounts payable after more than one year | 17 | €7,778 | - | -€7,778 | |
| Financial debts | 170/4 | €7,778 | - | -€7,778 | |
| Amounts payable within one year | 42/48 | €94,236 | €95,701 | +€1,465 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €6,445 | -€222 | -3.3% |
| Trade debts | 44 | €3,789 | €9,477 | +€5,688 | +150% |
| Suppliers | 440/4 | €3,789 | €9,477 | +€5,688 | +150% |
| Taxes, remuneration and social security | 45 | €11,820 | €2,820 | -€9,000 | -76.1% |
| Taxes | 450/3 | €9,000 | - | -€9,000 | |
| Remuneration and social security | 454/9 | €2,820 | €2,820 | = | 0.0% |
| Other amounts payable | 47/48 | €71,960 | €76,960 | +€5,000 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,366 | €8,347 | +€981 | +13.3% |
| Other operating charges | 640/8 | €1,521 | €400 | -€1,121 | -73.7% |
| Gross operating margin | 9900 | €103,042 | €84,259 | -€18,783 | -18.2% |
| Operating profit (loss) | 9901 | €94,155 | €75,512 | -€18,642 | -19.8% |
| Financial income | 75/76B | €493 | €482 | -€10 | -2.1% |
| Recurring financial income | 75 | €493 | €482 | -€10 | -2.1% |
| Financial charges | 65/66B | €917 | €67 | -€851 | -92.7% |
| Recurring financial charges | 65 | €916 | €62 | -€854 | -93.3% |
| Non-recurring financial charges | 66B | €2 | €5 | +€4 | +211% |
| Profit (loss) for the period before taxes | 9903 | €93,730 | €75,928 | -€17,802 | -19.0% |
| Income taxes | 67/77 | €19,658 | €15,271 | -€4,387 | -22.3% |
| Profit (loss) for the period | 9904 | €74,073 | €60,657 | -€13,416 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,073 | €60,657 | -€13,416 | -18.1% |
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 28 October 2026 via checked.be.