SAN MARK: 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 MARK
Largest movements
- Cash +€29,316
up €29,316 (+26.5%), from €110,538 to €139,854
mainly Net result for the year (+€41,214) and Tax, wage and social debts (+€3,797)
- Reserves +€41,121
up €41,121 (+90.2%), from €45,602 to €86,723
- Other debts -€17,021
no longer reported in 2025 (was €17,021)
- Tax, wage and social debts +€3,797
up €3,797 (+12.0%), from €31,668 to €35,465
of which Taxes: +€4,144
- Gross operating margin +€6,733
up €6,733 (+7.7%), from €87,488 to €94,221
- Staff costs +€3,155
up €3,155 (+10.5%), from €30,062 to €33,216
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 | €113,155 | €142,414 | +€29,259 | +25.9% |
| Current assets | 29/58 | €113,155 | €142,414 | +€29,259 | +25.9% |
| Stocks and contracts in progress | 3 | €774 | €876 | +€102 | +13.2% |
| Stocks | 30/36 | €774 | €876 | +€102 | +13.2% |
| Amounts receivable within one year | 40/41 | €1,843 | €1,043 | -€800 | -43.4% |
| Other amounts receivable | 41 | €1,843 | €1,043 | -€800 | -43.4% |
| Cash at bank and in hand | 54/58 | €110,538 | €139,854 | +€29,316 | +26.5% |
| Deferred charges and accrued income | 490/1 | - | €641 | +€641 | |
| Total equity and liabilities | 10/49 | €113,155 | €142,414 | +€29,259 | +25.9% |
| Equity | 10/15 | €64,202 | €105,323 | +€41,121 | +64.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,602 | €86,723 | +€41,121 | +90.2% |
| Distributable reserves | 133 | €45,602 | €86,723 | +€41,121 | +90.2% |
| Amounts payable | 17/49 | €48,954 | €37,091 | -€11,862 | -24.2% |
| Amounts payable within one year | 42/48 | €48,954 | €37,091 | -€11,862 | -24.2% |
| Trade debts | 44 | €265 | €1,627 | +€1,362 | +513.4% |
| Suppliers | 440/4 | €265 | €1,627 | +€1,362 | +513.4% |
| Taxes, remuneration and social security | 45 | €31,668 | €35,465 | +€3,797 | +12.0% |
| Taxes | 450/3 | €24,942 | €29,087 | +€4,144 | +16.6% |
| Remuneration and social security | 454/9 | €6,725 | €6,378 | -€347 | -5.2% |
| Other amounts payable | 47/48 | €17,021 | - | -€17,021 | |
| Remuneration, social security and pensions | 62 | €30,062 | €33,216 | +€3,155 | +10.5% |
| Other operating charges | 640/8 | €242 | €62 | -€180 | -74.4% |
| Gross operating margin | 9900 | €87,488 | €94,221 | +€6,733 | +7.7% |
| Operating profit (loss) | 9901 | €57,185 | €60,943 | +€3,759 | +6.6% |
| Financial income | 75/76B | €48 | €28 | -€19 | -40.6% |
| Recurring financial income | 75 | €48 | €28 | -€19 | -40.6% |
| Financial charges | 65/66B | €335 | €220 | -€115 | -34.3% |
| Recurring financial charges | 65 | €335 | €220 | -€115 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €56,897 | €60,751 | +€3,854 | +6.8% |
| Income taxes | 67/77 | €19,616 | €19,537 | -€79 | -0.4% |
| Profit (loss) for the period | 9904 | €37,281 | €41,214 | +€3,933 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,281 | €41,214 | +€3,933 | +10.6% |
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 9 October 2026 via checked.be.