SANGELBRIERSHOF: 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.
SANGELBRIERSHOF
Largest movements
- Tangible fixed assets -€79,553
down €79,553 (-19.3%), from €411,495 to €331,942
of which Land and buildings: -€76,469
- Receivables within one year -€56,561
down €56,561 (-95.2%), from €59,440 to €2,879
- Cash -€13,908
down €13,908 (-69.0%), from €20,143 to €6,234
mainly Other debts (-€168,699) and Tax, wage and social debts (-€4,756)
- Other debts -€168,699
down €168,699 (-35.4%), from €476,290 to €307,591
- Profit (loss) carried forward +€22,566
up €22,566 (+7.9%), from -€286,491 to -€263,925
- Gross operating margin -€37,045
down €37,045 (-25.1%), from €147,479 to €110,434
- Financial income -€9,849
down €9,849 (-75.6%), from €13,022 to €3,174
of which Non-recurring financial income: -€13,000
- Depreciation -€6,547
down €6,547 (-7.6%), from €86,100 to €79,553
- Other operating charges +€3,616
up €3,616 (+46.6%), from €7,766 to €11,381
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 | €501,562 | €350,793 | -€150,769 | -30.1% |
| Fixed assets | 21/28 | €411,495 | €331,942 | -€79,553 | -19.3% |
| Tangible fixed assets | 22/27 | €411,495 | €331,942 | -€79,553 | -19.3% |
| Land and buildings | 22 | €400,442 | €323,973 | -€76,469 | -19.1% |
| Plant, machinery and equipment | 23 | €11,053 | €7,970 | -€3,083 | -27.9% |
| Current assets | 29/58 | €90,067 | €18,850 | -€71,217 | -79.1% |
| Stocks and contracts in progress | 3 | €1,882 | €627 | -€1,255 | -66.7% |
| Stocks | 30/36 | €1,882 | €627 | -€1,255 | -66.7% |
| Amounts receivable within one year | 40/41 | €59,440 | €2,879 | -€56,561 | -95.2% |
| Trade receivables | 40 | €59,440 | €2,879 | -€56,561 | -95.2% |
| Cash at bank and in hand | 54/58 | €20,143 | €6,234 | -€13,908 | -69.0% |
| Deferred charges and accrued income | 490/1 | €8,603 | €9,109 | +€507 | +5.9% |
| Total equity and liabilities | 10/49 | €501,562 | €350,793 | -€150,769 | -30.1% |
| Equity | 10/15 | €15,852 | €38,418 | +€22,566 | +142% |
| Contributions | 10/11 | €271,500 | €271,500 | = | 0.0% |
| Reserves | 13 | €30,843 | €30,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,150 | €27,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,150 | €27,150 | = | 0.0% |
| Distributable reserves | 133 | €3,693 | €3,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,491 | -€263,925 | +€22,566 | +7.9% |
| Amounts payable | 17/49 | €485,710 | €312,375 | -€173,336 | -35.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €485,710 | €312,375 | -€173,336 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €935 | €1,055 | +€120 | +12.8% |
| Suppliers | 440/4 | €935 | €1,055 | +€120 | +12.8% |
| Taxes, remuneration and social security | 45 | €8,485 | €3,729 | -€4,756 | -56.1% |
| Taxes | 450/3 | €8,485 | €3,729 | -€4,756 | -56.1% |
| Other amounts payable | 47/48 | €476,290 | €307,591 | -€168,699 | -35.4% |
| Non-recurring operating income | 76A | €800 | €0 | -€800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,100 | €79,553 | -€6,547 | -7.6% |
| Other operating charges | 640/8 | €7,766 | €11,381 | +€3,616 | +46.6% |
| Gross operating margin | 9900 | €147,479 | €110,434 | -€37,045 | -25.1% |
| Operating profit (loss) | 9901 | €53,613 | €19,500 | -€34,113 | -63.6% |
| Financial income | 75/76B | €13,022 | €3,174 | -€9,849 | -75.6% |
| Recurring financial income | 75 | €22 | €3,174 | +€3,151 | +14,050% |
| Non-recurring financial income | 76B | €13,000 | €0 | -€13,000 | -100% |
| Financial charges | 65/66B | €904 | €108 | -€796 | -88.1% |
| Recurring financial charges | 65 | €904 | €108 | -€796 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €65,732 | €22,566 | -€43,166 | -65.7% |
| Income taxes | 67/77 | €14 | €0 | -€14 | -100% |
| Profit (loss) for the period | 9904 | €65,718 | €22,566 | -€43,152 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,718 | €22,566 | -€43,152 | -65.7% |
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 1 November 2026 via checked.be.