Sandz: 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.
Sandz
Largest movements
- Receivables within one year -€9,804
down €9,804 (-40.2%), from €24,397 to €14,593
of which Trade receivables: -€6,122
- Cash +€7,310
up €7,310 (+23.8%), from €30,772 to €38,082
mainly Net result for the year (+€27,059) and Receivables within one year (+€9,804)
- Tangible fixed assets -€3,851
down €3,851 (-44.9%), from €8,581 to €4,730
of which Furniture and vehicles: -€2,962
- Deferred charges and accrued income -€1,418
down €1,418 (-27.8%), from €5,102 to €3,684
- Reserves -€35,000
down €35,000 (-72.4%), from €48,337 to €13,337
- Profit (loss) carried forward +€27,059
up €27,059, from €0 to €27,059
- Trade debts -€2,501
down €2,501 (-76.5%), from €3,270 to €769
- Tax, wage and social debts +€1,400
up €1,400 (+14.4%), from €9,744 to €11,144
- Other debts +€1,279
up €1,279, from €0 to €1,279
- Gross operating margin -€8,508
down €8,508 (-16.5%), from €51,428 to €42,920
- Depreciation +€1,589
up €1,589 (+70.2%), from €2,262 to €3,851
- Taxes -€1,352
down €1,352 (-13.2%), from €10,224 to €8,872
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 | €68,852 | €61,089 | -€7,763 | -11.3% |
| Fixed assets | 21/28 | €8,581 | €4,730 | -€3,851 | -44.9% |
| Tangible fixed assets | 22/27 | €8,581 | €4,730 | -€3,851 | -44.9% |
| Land and buildings | 22 | €1,150 | €920 | -€230 | -20.0% |
| Plant, machinery and equipment | 23 | €3,039 | €2,381 | -€658 | -21.7% |
| Furniture and vehicles | 24 | €4,392 | €1,429 | -€2,962 | -67.5% |
| Current assets | 29/58 | €60,271 | €56,359 | -€3,912 | -6.5% |
| Amounts receivable within one year | 40/41 | €24,397 | €14,593 | -€9,804 | -40.2% |
| Trade receivables | 40 | €19,031 | €12,909 | -€6,122 | -32.2% |
| Other amounts receivable | 41 | €5,366 | €1,683 | -€3,683 | -68.6% |
| Cash at bank and in hand | 54/58 | €30,772 | €38,082 | +€7,310 | +23.8% |
| Deferred charges and accrued income | 490/1 | €5,102 | €3,684 | -€1,418 | -27.8% |
| Total equity and liabilities | 10/49 | €68,852 | €61,089 | -€7,763 | -11.3% |
| Equity | 10/15 | €55,837 | €47,896 | -€7,941 | -14.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €48,337 | €13,337 | -€35,000 | -72.4% |
| Distributable reserves | 133 | €48,337 | €13,337 | -€35,000 | -72.4% |
| Profit (loss) carried forward | 14 | €0 | €27,059 | +€27,059 | |
| Amounts payable | 17/49 | €13,015 | €13,193 | +€178 | +1.4% |
| Amounts payable within one year | 42/48 | €13,015 | €13,193 | +€178 | +1.4% |
| Trade debts | 44 | €3,270 | €769 | -€2,501 | -76.5% |
| Suppliers | 440/4 | €3,270 | €769 | -€2,501 | -76.5% |
| Taxes, remuneration and social security | 45 | €9,744 | €11,144 | +€1,400 | +14.4% |
| Taxes | 450/3 | €9,744 | €11,144 | +€1,400 | +14.4% |
| Other amounts payable | 47/48 | €0 | €1,279 | +€1,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,262 | €3,851 | +€1,589 | +70.2% |
| Other operating charges | 640/8 | €999 | €911 | -€89 | -8.9% |
| Gross operating margin | 9900 | €51,428 | €42,920 | -€8,508 | -16.5% |
| Operating profit (loss) | 9901 | €48,167 | €38,158 | -€10,009 | -20.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,363 | €2,227 | -€136 | -5.7% |
| Recurring financial charges | 65 | €2,363 | €2,227 | -€136 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €45,804 | €35,931 | -€9,873 | -21.6% |
| Income taxes | 67/77 | €10,224 | €8,872 | -€1,352 | -13.2% |
| Profit (loss) for the period | 9904 | €35,580 | €27,059 | -€8,521 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,580 | €27,059 | -€8,521 | -23.9% |
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 10 October 2026 via checked.be.