SAN Services: 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 Services
Largest movements
- Cash -€54,209
down €54,209 (-36.5%), from €148,594 to €94,386
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€61,419)
- Tangible fixed assets +€50,339
up €50,339 (+799.6%), from €6,296 to €56,635
of which Furniture and vehicles: +€49,253
- Current investments +€20,000
new in 2025: €20,000
- Receivables within one year +€19,752
up €19,752 (+166.4%), from €11,871 to €31,624
of which Trade receivables: +€19,777
- Other debts +€148,080
up €148,080 (+7205.7%), from €2,055 to €150,135
- Profit (loss) carried forward -€98,959
down €98,959 (-72.6%), from €136,254 to €37,294
- Tax, wage and social debts -€12,002
down €12,002 (-47.8%), from €25,134 to €13,133
- Gross operating margin +€5,431
up €5,431 (+7.9%), from €68,999 to €74,430
- Depreciation +€3,073
up €3,073 (+38.4%), from €8,007 to €11,080
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 | €167,097 | €203,348 | +€36,251 | +21.7% |
| Fixed assets | 21/28 | €6,296 | €56,635 | +€50,339 | +799.6% |
| Tangible fixed assets | 22/27 | €6,296 | €56,635 | +€50,339 | +799.6% |
| Plant, machinery and equipment | 23 | €1,555 | €2,793 | +€1,238 | +79.6% |
| Furniture and vehicles | 24 | €3,570 | €52,823 | +€49,253 | +1379.6% |
| Other tangible fixed assets | 26 | €1,171 | €1,019 | -€152 | -13.0% |
| Current assets | 29/58 | €160,801 | €146,713 | -€14,088 | -8.8% |
| Amounts receivable within one year | 40/41 | €11,871 | €31,624 | +€19,752 | +166.4% |
| Trade receivables | 40 | €11,840 | €31,617 | +€19,777 | +167.0% |
| Other amounts receivable | 41 | €31 | €6 | -€25 | -79.6% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €148,594 | €94,386 | -€54,209 | -36.5% |
| Deferred charges and accrued income | 490/1 | €336 | €704 | +€368 | +109.8% |
| Total equity and liabilities | 10/49 | €167,097 | €203,348 | +€36,251 | +21.7% |
| Equity | 10/15 | €138,754 | €39,794 | -€98,959 | -71.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,254 | €37,294 | -€98,959 | -72.6% |
| Amounts payable | 17/49 | €28,343 | €163,554 | +€135,211 | +477.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,343 | €163,554 | +€135,211 | +477.0% |
| Current portion of amounts payable after more than one year | 42 | €986 | €0 | -€986 | -100.0% |
| Trade debts | 44 | €168 | €287 | +€119 | +70.7% |
| Suppliers | 440/4 | €168 | €287 | +€119 | +70.7% |
| Taxes, remuneration and social security | 45 | €25,134 | €13,133 | -€12,002 | -47.8% |
| Taxes | 450/3 | €25,134 | €13,133 | -€12,002 | -47.8% |
| Other amounts payable | 47/48 | €2,055 | €150,135 | +€148,080 | +7205.7% |
| Non-recurring operating income | 76A | - | €8,708 | +€8,708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,007 | €11,080 | +€3,073 | +38.4% |
| Other operating charges | 640/8 | €207 | €674 | +€467 | +225.8% |
| Gross operating margin | 9900 | €68,999 | €74,430 | +€5,431 | +7.9% |
| Operating profit (loss) | 9901 | €60,785 | €62,676 | +€1,891 | +3.1% |
| Financial income | 75/76B | €775 | €877 | +€102 | +13.2% |
| Recurring financial income | 75 | €775 | €877 | +€102 | +13.2% |
| Financial charges | 65/66B | €237 | €88 | -€149 | -63.0% |
| Recurring financial charges | 65 | €237 | €88 | -€149 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €61,323 | €63,465 | +€2,142 | +3.5% |
| Income taxes | 67/77 | €12,882 | €12,425 | -€457 | -3.5% |
| Profit (loss) for the period | 9904 | €48,441 | €51,041 | +€2,599 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,441 | €51,041 | +€2,599 | +5.4% |
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.