Sankt: 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.
Sankt
Largest movements
- Stocks and contracts +€9.0m
up €9.0m (+84.2%), from €10.6m to €19.6m
- Cash -€593,724
down €593,724 (-58.7%), from €1.0m to €417,906
mainly Stocks and contracts (-€9.0m) and Current portion of long-term debt (-€2.8m)
- Receivables within one year +€226,401
up €226,401 (+94.1%), from €240,645 to €467,046
of which Trade receivables: +€401,216
- Advances received +€4.2m
new in 2024: €4.2m
- Profit (loss) carried forward +€3.7m
up €3.7m (+80.5%), from -€4.6m to -€899,900
- Current portion of long-term debt -€2.8m
down €2.8m (-88.6%), from €3.1m to €360,000
- Debts after one year +€2.3m
up €2.3m (+32.4%), from €7.0m to €9.2m
- Short-term financial debts +€2.1m
up €2.1m (+205.8%), from €1.0m to €3.1m
- Write-downs +€583,126
new in 2024: €583,126
- Gross operating margin +€282,117
up €282,117 (+78.4%), from -€359,816 to -€77,699
- Financial charges +€81,311
up €81,311 (+60.2%), from €135,115 to €216,426
- Other operating charges +€9,140
up €9,140 (+68.7%), from €13,303 to €22,443
- Taxes -€8,670
no longer reported in 2024 (was €8,670)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,941,456 | €20,677,919 | +€8.7m | +73.2% |
| Formation expenses | 20 | - | €4,830 | +€4,830 | |
| Fixed assets | 21/28 | €32,625 | €32,625 | = | 0.0% |
| Financial fixed assets | 28 | €32,625 | €32,625 | = | 0.0% |
| Current assets | 29/58 | €11,908,831 | €20,640,464 | +€8.7m | +73.3% |
| Stocks and contracts in progress | 3 | €10,633,972 | €19,588,203 | +€9.0m | +84.2% |
| Stocks | 30/36 | €10,633,972 | €19,588,203 | +€9.0m | +84.2% |
| Amounts receivable within one year | 40/41 | €240,645 | €467,046 | +€226,401 | +94.1% |
| Trade receivables | 40 | €51,112 | €452,328 | +€401,216 | +785.0% |
| Other amounts receivable | 41 | €189,533 | €14,718 | -€174,815 | -92.2% |
| Cash at bank and in hand | 54/58 | €1,011,630 | €417,906 | -€593,724 | -58.7% |
| Deferred charges and accrued income | 490/1 | €22,584 | €167,310 | +€144,726 | +640.8% |
| Total equity and liabilities | 10/49 | €11,941,456 | €20,677,919 | +€8.7m | +73.2% |
| Equity | 10/15 | -€1,596,616 | €1,003,484 | +€2.6m | |
| Contributions | 10/11 | €3,000,000 | €1,893,384 | -€1.1m | -36.9% |
| Capital | 10 | €3,000,000 | €1,893,384 | -€1.1m | -36.9% |
| Issued capital | 100 | €3,000,000 | €1,893,384 | -€1.1m | -36.9% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,606,616 | -€899,900 | +€3.7m | +80.5% |
| Amounts payable | 17/49 | €13,538,072 | €19,674,435 | +€6.1m | +45.3% |
| Amounts payable after more than one year | 17 | €6,961,208 | €9,218,502 | +€2.3m | +32.4% |
| Financial debts | 170/4 | €6,961,208 | €9,218,502 | +€2.3m | +32.4% |
| Amounts payable within one year | 42/48 | €6,558,783 | €10,128,328 | +€3.6m | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €3,146,570 | €360,000 | -€2.8m | -88.6% |
| Financial debts | 43 | €1,006,734 | €3,078,996 | +€2.1m | +205.8% |
| Credit institutions | 430/8 | €1,006,734 | €3,078,996 | +€2.1m | +205.8% |
| Trade debts | 44 | €2,121,203 | €2,255,943 | +€134,740 | +6.4% |
| Suppliers | 440/4 | €2,121,203 | €2,255,943 | +€134,740 | +6.4% |
| Advances received on contracts in progress | 46 | - | €4,162,493 | +€4.2m | |
| Taxes, remuneration and social security | 45 | - | €270,433 | +€270,433 | |
| Taxes | 450/3 | - | €270,433 | +€270,433 | |
| Other amounts payable | 47/48 | €284,276 | €463 | -€283,813 | -99.8% |
| Accrued charges and deferred income | 492/3 | €18,081 | €327,605 | +€309,524 | +1711.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €219 | +€219 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €583,126 | +€583,126 | |
| Other operating charges | 640/8 | €13,303 | €22,443 | +€9,140 | +68.7% |
| Gross operating margin | 9900 | -€359,816 | -€77,699 | +€282,117 | +78.4% |
| Operating profit (loss) | 9901 | -€373,119 | -€683,487 | -€310,368 | -83.2% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €135,115 | €216,426 | +€81,311 | +60.2% |
| Recurring financial charges | 65 | €135,115 | €216,426 | +€81,311 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | -€508,234 | -€899,899 | -€391,666 | -77.1% |
| Income taxes | 67/77 | €8,670 | - | -€8,670 | |
| Profit (loss) for the period | 9904 | -€516,904 | -€899,899 | -€382,996 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€516,904 | -€899,899 | -€382,996 | -74.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.