SAINT-MARTIN: 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.
SAINT-MARTIN
Largest movements
- Receivables within one year +€92,000
up €92,000 (+73.8%), from €124,734 to €216,734
of which Trade receivables: +€92,000
- Cash -€58,612
down €58,612 (-35.2%), from €166,586 to €107,974
mainly Contributions, distributions and other (-€96,907) and Receivables within one year (-€92,000)
- Reserves +€14,908
up €14,908 (+2.7%), from €559,606 to €574,514
of which Distributable reserves: +€14,908
- Tax, wage and social debts +€12,673
up €12,673 (+164%), from €7,710 to €20,383
of which Taxes: +€9,890
- Gross operating margin +€6,803
up €6,803 (+4.4%), from €155,062 to €161,865
- Taxes +€5,566
up €5,566 (+13.5%), from €41,199 to €46,765
- Staff costs -€2,592
no longer reported in 2025 (was €2,592)
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 | €684,932 | €711,586 | +€26,654 | +3.9% |
| Fixed assets | 21/28 | €125,440 | €119,903 | -€5,537 | -4.4% |
| Tangible fixed assets | 22/27 | €125,440 | €119,903 | -€5,537 | -4.4% |
| Land and buildings | 22 | €107,328 | €105,330 | -€1,998 | -1.9% |
| Plant, machinery and equipment | 23 | €18,112 | €14,573 | -€3,539 | -19.5% |
| Current assets | 29/58 | €559,493 | €591,683 | +€32,190 | +5.8% |
| Amounts receivable within one year | 40/41 | €124,734 | €216,734 | +€92,000 | +73.8% |
| Trade receivables | 40 | - | €92,000 | +€92,000 | |
| Other amounts receivable | 41 | €124,734 | €124,734 | = | 0.0% |
| Current investments | 50/53 | €268,173 | €266,976 | -€1,197 | -0.4% |
| Cash at bank and in hand | 54/58 | €166,586 | €107,974 | -€58,612 | -35.2% |
| Total equity and liabilities | 10/49 | €684,932 | €711,586 | +€26,654 | +3.9% |
| Equity | 10/15 | €621,606 | €636,514 | +€14,908 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €559,606 | €574,514 | +€14,908 | +2.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €553,406 | €568,314 | +€14,908 | +2.7% |
| Amounts payable | 17/49 | €63,326 | €75,072 | +€11,746 | +18.5% |
| Amounts payable within one year | 42/48 | €58,379 | €70,020 | +€11,642 | +19.9% |
| Trade debts | 44 | €1,350 | €372 | -€978 | -72.4% |
| Suppliers | 440/4 | €1,350 | €372 | -€978 | -72.4% |
| Taxes, remuneration and social security | 45 | €7,710 | €20,383 | +€12,673 | +164% |
| Taxes | 450/3 | €7,690 | €17,580 | +€9,890 | +129% |
| Remuneration and social security | 454/9 | €20 | €2,803 | +€2,783 | +13,915% |
| Other amounts payable | 47/48 | €49,318 | €49,265 | -€53 | -0.1% |
| Accrued charges and deferred income | 492/3 | €4,948 | €5,052 | +€104 | +2.1% |
| Remuneration, social security and pensions | 62 | €2,592 | - | -€2,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,537 | €5,537 | = | 0.0% |
| Other operating charges | 640/8 | €988 | €1,070 | +€83 | +8.4% |
| Gross operating margin | 9900 | €155,062 | €161,865 | +€6,803 | +4.4% |
| Operating profit (loss) | 9901 | €145,945 | €155,258 | +€9,313 | +6.4% |
| Financial income | 75/76B | €6,891 | €6,964 | +€73 | +1.1% |
| Recurring financial income | 75 | €6,891 | €6,964 | +€73 | +1.1% |
| Financial charges | 65/66B | €4,225 | €3,642 | -€583 | -13.8% |
| Recurring financial charges | 65 | €4,225 | €3,642 | -€583 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €148,611 | €158,579 | +€9,968 | +6.7% |
| Income taxes | 67/77 | €41,199 | €46,765 | +€5,566 | +13.5% |
| Profit (loss) for the period | 9904 | €107,412 | €111,814 | +€4,403 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,412 | €111,814 | +€4,403 | +4.1% |
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 14 October 2026 via checked.be.