SANTACRUZ MGMT: 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.
SANTACRUZ MGMT
Largest movements
- Cash +€62,712
up €62,712 (+185%), from €33,823 to €96,535
mainly Net result for the year (+€70,919) and Tax, wage and social debts (+€22,997)
- Receivables within one year +€34,090
up €34,090 (+113%), from €30,159 to €64,249
of which Trade receivables: +€34,073
- Profit (loss) carried forward +€70,919
up €70,919 (+244%), from €29,074 to €99,992
- Tax, wage and social debts +€22,997
new in 2025: €22,997
- Gross operating margin +€104,737
up €104,737, from -€7,881 to €96,856
- Taxes +€20,707
new in 2025: €20,707
- Other operating charges +€1,330
up €1,330 (+317%), from €419 to €1,749
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.
Derived cash bridge
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 | €65,394 | €161,223 | +€95,829 | +147% |
| Fixed assets | 21/28 | €1,188 | €439 | -€749 | -63.0% |
| Tangible fixed assets | 22/27 | €1,188 | €439 | -€749 | -63.0% |
| Furniture and vehicles | 24 | €1,188 | €439 | -€749 | -63.0% |
| Current assets | 29/58 | €64,205 | €160,784 | +€96,578 | +150% |
| Amounts receivable within one year | 40/41 | €30,159 | €64,249 | +€34,090 | +113% |
| Trade receivables | 40 | €29,400 | €63,473 | +€34,073 | +116% |
| Other amounts receivable | 41 | €759 | €776 | +€17 | +2.3% |
| Cash at bank and in hand | 54/58 | €33,823 | €96,535 | +€62,712 | +185% |
| Deferred charges and accrued income | 490/1 | €223 | - | -€223 | |
| Total equity and liabilities | 10/49 | €65,394 | €161,223 | +€95,829 | +147% |
| Equity | 10/15 | €62,074 | €132,992 | +€70,919 | +114% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,074 | €99,992 | +€70,919 | +244% |
| Amounts payable | 17/49 | €3,320 | €28,231 | +€24,911 | +750% |
| Amounts payable within one year | 42/48 | €3,320 | €28,231 | +€24,911 | +750% |
| Trade debts | 44 | €576 | €2,038 | +€1,462 | +254% |
| Suppliers | 440/4 | €576 | €2,038 | +€1,462 | +254% |
| Taxes, remuneration and social security | 45 | - | €22,997 | +€22,997 | |
| Taxes | 450/3 | - | €22,997 | +€22,997 | |
| Other amounts payable | 47/48 | €2,744 | €3,196 | +€452 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €749 | = | 0.0% |
| Other operating charges | 640/8 | €419 | €1,749 | +€1,330 | +317% |
| Gross operating margin | 9900 | -€7,881 | €96,856 | +€104,737 | |
| Operating profit (loss) | 9901 | -€9,049 | €94,358 | +€103,407 | |
| Financial income | 75/76B | €366 | €318 | -€48 | -13.1% |
| Recurring financial income | 75 | €366 | €318 | -€48 | -13.1% |
| Financial charges | 65/66B | €3,566 | €3,051 | -€515 | -14.4% |
| Recurring financial charges | 65 | €3,566 | €3,051 | -€515 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,249 | €91,625 | +€103,874 | |
| Income taxes | 67/77 | - | €20,707 | +€20,707 | |
| Profit (loss) for the period | 9904 | -€12,249 | €70,919 | +€83,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,249 | €70,919 | +€83,168 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.