SAN DESIGN: 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.
SAN DESIGN
Largest movements
- Stocks and contracts -€15,242
down €15,242 (-11.7%), from €130,274 to €115,032
- Tangible fixed assets -€8,632
down €8,632 (-8.6%), from €100,531 to €91,899
of which Furniture and vehicles: -€8,632
- Cash +€6,476
up €6,476 (+14.6%), from €44,272 to €50,748
mainly Stocks and contracts (+€15,242) and Depreciation (+€8,632)
- Reserves -€14,133
down €14,133 (-6.0%), from €234,373 to €220,241
- Debts after one year -€6,936
down €6,936 (-30.1%), from €23,042 to €16,105
- Purchases and services -€108,270
no longer reported in 2025 (was €108,270)
- Turnover -€108,239
no longer reported in 2025 (was €108,239)
- Gross operating margin -€3,361
down €3,361 (-35.3%), from €9,529 to €6,168
- Depreciation +€1,156
up €1,156 (+15.5%), from €7,477 to €8,632
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 | €285,601 | €266,293 | -€19,308 | -6.8% |
| Fixed assets | 21/28 | €100,531 | €91,899 | -€8,632 | -8.6% |
| Tangible fixed assets | 22/27 | €100,531 | €91,899 | -€8,632 | -8.6% |
| Land and buildings | 22 | €64,846 | €64,846 | = | 0.0% |
| Furniture and vehicles | 24 | €35,685 | €27,052 | -€8,632 | -24.2% |
| Current assets | 29/58 | €185,070 | €174,394 | -€10,676 | -5.8% |
| Stocks and contracts in progress | 3 | €130,274 | €115,032 | -€15,242 | -11.7% |
| Stocks | 30/36 | €130,274 | €115,032 | -€15,242 | -11.7% |
| Amounts receivable within one year | 40/41 | €10,524 | €8,615 | -€1,909 | -18.1% |
| Trade receivables | 40 | €9,388 | €7,388 | -€2,001 | -21.3% |
| Other amounts receivable | 41 | €1,136 | €1,227 | +€92 | +8.1% |
| Cash at bank and in hand | 54/58 | €44,272 | €50,748 | +€6,476 | +14.6% |
| Total equity and liabilities | 10/49 | €285,601 | €266,293 | -€19,308 | -6.8% |
| Equity | 10/15 | €253,114 | €238,981 | -€14,133 | -5.6% |
| Contributions | 10/11 | €18,741 | €18,741 | = | 0.0% |
| Reserves | 13 | €234,373 | €220,241 | -€14,133 | -6.0% |
| Distributable reserves | 133 | €234,373 | €220,241 | -€14,133 | -6.0% |
| Amounts payable | 17/49 | €32,487 | €27,312 | -€5,175 | -15.9% |
| Amounts payable after more than one year | 17 | €23,042 | €16,105 | -€6,936 | -30.1% |
| Financial debts | 170/4 | €23,042 | €16,105 | -€6,936 | -30.1% |
| Amounts payable within one year | 42/48 | €9,445 | €11,206 | +€1,761 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €6,640 | €6,936 | +€296 | +4.5% |
| Trade debts | 44 | €1,010 | €1,349 | +€339 | +33.6% |
| Suppliers | 440/4 | €1,010 | €1,349 | +€339 | +33.6% |
| Taxes, remuneration and social security | 45 | €1,794 | €2,920 | +€1,126 | +62.8% |
| Taxes | 450/3 | €1,794 | €2,920 | +€1,126 | +62.8% |
| Turnover | 70 | €108,239 | - | -€108,239 | |
| Non-recurring operating income | 76A | €9,560 | - | -€9,560 | |
| Goods, raw materials, services and sundry goods | 60/61 | €108,270 | - | -€108,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,477 | €8,632 | +€1,156 | +15.5% |
| Other operating charges | 640/8 | €8,761 | €8,449 | -€312 | -3.6% |
| Gross operating margin | 9900 | €9,529 | €6,168 | -€3,361 | -35.3% |
| Operating profit (loss) | 9901 | -€6,709 | -€10,913 | -€4,205 | -62.7% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €2,318 | €2,958 | +€639 | +27.6% |
| Recurring financial charges | 65 | €2,318 | €2,958 | +€639 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,027 | -€13,860 | -€4,833 | -53.5% |
| Income taxes | 67/77 | €364 | €273 | -€92 | -25.1% |
| Profit (loss) for the period | 9904 | -€9,391 | -€14,133 | -€4,742 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,391 | -€14,133 | -€4,742 | -50.5% |
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.