SANT: 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.
SANT
Largest movements
- Tangible fixed assets -€15,587
down €15,587 (-23.3%), from €66,843 to €51,256
- Receivables within one year +€6,000
new in 2025: €6,000
- Cash +€1,215
up €1,215 (+13.4%), from €9,043 to €10,259
mainly Other debts (+€19,183) and Depreciation (+€16,233)
- Profit (loss) carried forward -€28,280
down €28,280 (-83.2%), from -€33,997 to -€62,277
- Other debts +€19,183
up €19,183 (+19.8%), from €96,749 to €115,932
- Debts after one year -€5,191
down €5,191 (-44.9%), from €11,568 to €6,377
- Trade debts +€5,054
up €5,054 (+59.1%), from €8,545 to €13,599
- Accrued charges and deferred income -€2,077
no longer reported in 2025 (was €2,077)
- Gross operating margin -€19,182
down €19,182 (-90.0%), from €21,302 to €2,120
- Staff costs -€10,996
down €10,996 (-47.3%), from €23,223 to €12,228
- Taxes +€2,000
no longer reported in 2025 (was -€2,000)
- Depreciation -€1,782
down €1,782 (-9.9%), from €18,015 to €16,233
- Financial income -€234
down €234 (-96.4%), from €243 to €9
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 | €97,939 | €88,946 | -€8,993 | -9.2% |
| Fixed assets | 21/28 | €66,843 | €51,256 | -€15,587 | -23.3% |
| Tangible fixed assets | 22/27 | €66,843 | €51,256 | -€15,587 | -23.3% |
| Plant, machinery and equipment | 23 | €66,843 | €51,256 | -€15,587 | -23.3% |
| Current assets | 29/58 | €31,097 | €37,691 | +€6,594 | +21.2% |
| Stocks and contracts in progress | 3 | €22,053 | €21,432 | -€621 | -2.8% |
| Stocks | 30/36 | €22,053 | €21,432 | -€621 | -2.8% |
| Amounts receivable within one year | 40/41 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €9,043 | €10,259 | +€1,215 | +13.4% |
| Total equity and liabilities | 10/49 | €97,939 | €88,946 | -€8,993 | -9.2% |
| Equity | 10/15 | -€28,997 | -€57,277 | -€28,280 | -97.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,997 | -€62,277 | -€28,280 | -83.2% |
| Amounts payable | 17/49 | €126,936 | €146,224 | +€19,287 | +15.2% |
| Amounts payable after more than one year | 17 | €11,568 | €6,377 | -€5,191 | -44.9% |
| Financial debts | 170/4 | €11,568 | €6,377 | -€5,191 | -44.9% |
| Amounts payable within one year | 42/48 | €113,291 | €139,846 | +€26,555 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €5,747 | €5,992 | +€245 | +4.3% |
| Trade debts | 44 | €8,545 | €13,599 | +€5,054 | +59.1% |
| Suppliers | 440/4 | €8,545 | €13,599 | +€5,054 | +59.1% |
| Taxes, remuneration and social security | 45 | €2,250 | €4,323 | +€2,074 | +92.2% |
| Taxes | 450/3 | €815 | €2,409 | +€1,594 | +195.5% |
| Remuneration and social security | 454/9 | €1,434 | €1,914 | +€480 | +33.4% |
| Other amounts payable | 47/48 | €96,749 | €115,932 | +€19,183 | +19.8% |
| Accrued charges and deferred income | 492/3 | €2,077 | - | -€2,077 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €23,223 | €12,228 | -€10,996 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,015 | €16,233 | -€1,782 | -9.9% |
| Other operating charges | 640/8 | €580 | €388 | -€192 | -33.2% |
| Gross operating margin | 9900 | €21,302 | €2,120 | -€19,182 | -90.0% |
| Operating profit (loss) | 9901 | -€20,516 | -€26,728 | -€6,212 | -30.3% |
| Financial income | 75/76B | €243 | €9 | -€234 | -96.4% |
| Recurring financial income | 75 | €243 | €9 | -€234 | -96.4% |
| Financial charges | 65/66B | €1,749 | €1,562 | -€188 | -10.7% |
| Recurring financial charges | 65 | €1,749 | €1,562 | -€188 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,022 | -€28,280 | -€6,258 | -28.4% |
| Income taxes | 67/77 | -€2,000 | - | +€2,000 | |
| Profit (loss) for the period | 9904 | -€20,022 | -€28,280 | -€8,258 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,022 | -€28,280 | -€8,258 | -41.2% |
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 6 October 2026 via checked.be.