SAN GLOBAL: 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 GLOBAL
Largest movements
- Tangible fixed assets +€20,477
up €20,477 (+770.6%), from €2,657 to €23,134
of which Furniture and vehicles: +€20,904
- Receivables within one year +€4,572
up €4,572 (+8.9%), from €51,273 to €55,845
of which Trade receivables: +€2,900
- Cash +€1,953
up €1,953 (+16.2%), from €12,043 to €13,996
mainly Trade debts (+€19,528) and Net result for the year (+€7,170)
- Trade debts +€19,528
up €19,528 (+71.2%), from €27,428 to €46,955
- Profit (loss) carried forward +€7,170
up €7,170 (+55.7%), from €12,865 to €20,035
- Tax, wage and social debts +€3,566
up €3,566 (+153.1%), from €2,328 to €5,894
- Other debts -€3,261
no longer reported in 2025 (was €3,261)
- Gross operating margin +€21,428
up €21,428 (+97.0%), from €22,096 to €43,524
- Staff costs +€11,596
up €11,596 (+76.4%), from €15,170 to €26,766
- Depreciation +€2,281
up €2,281 (+91.8%), from €2,484 to €4,765
- Taxes +€1,237
up €1,237 (+53.1%), from €2,328 to €3,566
- Financial charges +€656
up €656 (+385.6%), from €170 to €826
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 | €67,273 | €94,275 | +€27,002 | +40.1% |
| Fixed assets | 21/28 | €3,022 | €23,499 | +€20,477 | +677.5% |
| Tangible fixed assets | 22/27 | €2,657 | €23,134 | +€20,477 | +770.6% |
| Plant, machinery and equipment | 23 | €1,390 | €963 | -€427 | -30.7% |
| Furniture and vehicles | 24 | €1,267 | €22,171 | +€20,904 | +1650.0% |
| Financial fixed assets | 28 | €365 | €365 | = | 0.0% |
| Current assets | 29/58 | €64,250 | €70,776 | +€6,525 | +10.2% |
| Stocks and contracts in progress | 3 | €935 | €935 | = | 0.0% |
| Stocks | 30/36 | €935 | €935 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,273 | €55,845 | +€4,572 | +8.9% |
| Trade receivables | 40 | €41,673 | €44,573 | +€2,900 | +7.0% |
| Other amounts receivable | 41 | €9,600 | €11,272 | +€1,672 | +17.4% |
| Cash at bank and in hand | 54/58 | €12,043 | €13,996 | +€1,953 | +16.2% |
| Total equity and liabilities | 10/49 | €67,273 | €94,275 | +€27,002 | +40.1% |
| Equity | 10/15 | €34,255 | €41,425 | +€7,170 | +20.9% |
| Contributions | 10/11 | €19,391 | €19,391 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,865 | €20,035 | +€7,170 | +55.7% |
| Amounts payable | 17/49 | €33,017 | €52,849 | +€19,832 | +60.1% |
| Amounts payable within one year | 42/48 | €33,017 | €52,849 | +€19,832 | +60.1% |
| Trade debts | 44 | €27,428 | €46,955 | +€19,528 | +71.2% |
| Suppliers | 440/4 | €27,428 | €46,955 | +€19,528 | +71.2% |
| Taxes, remuneration and social security | 45 | €2,328 | €5,894 | +€3,566 | +153.1% |
| Taxes | 450/3 | €2,328 | €5,894 | +€3,566 | +153.1% |
| Other amounts payable | 47/48 | €3,261 | - | -€3,261 | |
| Remuneration, social security and pensions | 62 | €15,170 | €26,766 | +€11,596 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,484 | €4,765 | +€2,281 | +91.8% |
| Other operating charges | 640/8 | €1,062 | €547 | -€515 | -48.5% |
| Gross operating margin | 9900 | €22,096 | €43,524 | +€21,428 | +97.0% |
| Operating profit (loss) | 9901 | €3,380 | €11,446 | +€8,066 | +238.6% |
| Financial income | 75/76B | €4 | €116 | +€112 | +2812.1% |
| Recurring financial income | 75 | €4 | €116 | +€112 | +2812.1% |
| Financial charges | 65/66B | €170 | €826 | +€656 | +385.6% |
| Recurring financial charges | 65 | €170 | €826 | +€656 | +385.6% |
| Profit (loss) for the period before taxes | 9903 | €3,214 | €10,736 | +€7,522 | +234.0% |
| Income taxes | 67/77 | €2,328 | €3,566 | +€1,237 | +53.1% |
| Profit (loss) for the period | 9904 | €886 | €7,170 | +€6,284 | +709.6% |
| Profit (loss) for the period to be appropriated | 9905 | €886 | €7,170 | +€6,284 | +709.6% |
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.