SANTAKS: what changed
What changed
SANTAKS
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€26,212
2024 · €30,006-€3,793
Equity
€571,373
2024 · €545,161+€26,212
Cash
€44,852
2024 · €62,191-€17,339
Balance sheet total
€999,967
2024 · €1.3m-€292,499
Largest movements
Assets
- Receivables within one year -€257,283
down €257,283 (-23.5%), from €1.1m to €835,734
of which Trade receivables: -€256,753
- Cash -€17,339
down €17,339 (-27.9%), from €62,191 to €44,852
mainly Trade debts (-€248,884) and Debts after one year (-€62,607)
Equity and liabilities
- Trade debts -€248,884
down €248,884 (-65.3%), from €381,249 to €132,365
- Debts after one year -€62,607
no longer reported in 2025 (was €62,607)
- Reserves +€26,212
up €26,212 (+5.0%), from €522,867 to €549,079
of which Distributable reserves: +€26,212
- Tax, wage and social debts -€20,011
down €20,011 (-9.9%), from €202,841 to €182,830
of which Taxes: -€21,546
Income statement
- Gross operating margin +€19,399
up €19,399 (+3.6%), from €542,183 to €561,582
- Staff costs +€17,952
up €17,952 (+4.0%), from €443,356 to €461,308
- Write-downs +€8,485
up €8,485, from -€420 to €8,065
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,006
Gross operating margin
+€19,399
Staff costs
-€17,952
Depreciation
-€3,831
Write-downs
-€8,485
Other operating charges
-€369
Financial income
+€265
Financial charges
+€2,627
Taxes
+€4,553
Result 2025
€26,212
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€83,672
Investment
-€41,146
Financing
-€59,865
Cash 2024
€62,191
From operations (derived)
+€83,672
Net result for the year
+€26,212
Depreciation
+€47,721
Receivables within one year
+€257,283
Deferred charges and accrued income
+€11,302
Trade debts
-€248,884
Tax, wage and social debts
-€20,011
Other debts
+€9,741
Accrued charges and deferred income
+€309
Investment (derived)
-€41,146
Investment in fixed assets (net)
-€41,146
Financing
-€59,865
Debts after one year
-€62,607
Current portion of long-term debt
+€2,742
Cash 2025
€44,852
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,292,466 | €999,967 | -€292,499 | -22.6% |
| Fixed assets | 21/28 | €125,956 | €119,381 | -€6,575 | -5.2% |
| Tangible fixed assets | 22/27 | €125,956 | €119,381 | -€6,575 | -5.2% |
| Plant, machinery and equipment | 23 | €713 | €338 | -€375 | -52.6% |
| Furniture and vehicles | 24 | €3,743 | €37,793 | +€34,050 | +910% |
| Leasing and similar rights | 25 | €121,500 | €81,250 | -€40,250 | -33.1% |
| Current assets | 29/58 | €1,166,511 | €880,586 | -€285,924 | -24.5% |
| Amounts receivable within one year | 40/41 | €1,093,017 | €835,734 | -€257,283 | -23.5% |
| Trade receivables | 40 | €1,091,220 | €834,467 | -€256,753 | -23.5% |
| Other amounts receivable | 41 | €1,797 | €1,267 | -€530 | -29.5% |
| Cash at bank and in hand | 54/58 | €62,191 | €44,852 | -€17,339 | -27.9% |
| Deferred charges and accrued income | 490/1 | €11,302 | - | -€11,302 | |
| Total equity and liabilities | 10/49 | €1,292,466 | €999,967 | -€292,499 | -22.6% |
| Equity | 10/15 | €545,161 | €571,373 | +€26,212 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €522,867 | €549,079 | +€26,212 | +5.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €520,867 | €547,079 | +€26,212 | +5.0% |
| Profit (loss) carried forward | 14 | €2,294 | €2,294 | = | 0.0% |
| Amounts payable | 17/49 | €747,305 | €428,594 | -€318,712 | -42.6% |
| Amounts payable after more than one year | 17 | €62,607 | - | -€62,607 | |
| Financial debts | 170/4 | €62,607 | - | -€62,607 | |
| Amounts payable within one year | 42/48 | €680,876 | €424,462 | -€256,413 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €59,865 | €62,607 | +€2,742 | +4.6% |
| Trade debts | 44 | €381,249 | €132,365 | -€248,884 | -65.3% |
| Suppliers | 440/4 | €381,249 | €132,365 | -€248,884 | -65.3% |
| Taxes, remuneration and social security | 45 | €202,841 | €182,830 | -€20,011 | -9.9% |
| Taxes | 450/3 | €127,334 | €105,788 | -€21,546 | -16.9% |
| Remuneration and social security | 454/9 | €75,507 | €77,041 | +€1,534 | +2.0% |
| Other amounts payable | 47/48 | €36,920 | €46,661 | +€9,741 | +26.4% |
| Accrued charges and deferred income | 492/3 | €3,823 | €4,132 | +€309 | +8.1% |
| Remuneration, social security and pensions | 62 | €443,356 | €461,308 | +€17,952 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,890 | €47,721 | +€3,831 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€420 | €8,065 | +€8,485 | |
| Other operating charges | 640/8 | €998 | €1,367 | +€369 | +37.0% |
| Gross operating margin | 9900 | €542,183 | €561,582 | +€19,399 | +3.6% |
| Operating profit (loss) | 9901 | €54,359 | €43,122 | -€11,238 | -20.7% |
| Financial income | 75/76B | €1,152 | €1,417 | +€265 | +23.0% |
| Recurring financial income | 75 | €1,152 | €1,417 | +€265 | +23.0% |
| Financial charges | 65/66B | €7,125 | €4,499 | -€2,627 | -36.9% |
| Recurring financial charges | 65 | €7,125 | €4,499 | -€2,627 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €48,386 | €40,040 | -€8,346 | -17.2% |
| Income taxes | 67/77 | €18,381 | €13,828 | -€4,553 | -24.8% |
| Profit (loss) for the period | 9904 | €30,006 | €26,212 | -€3,793 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,006 | €26,212 | -€3,793 | -12.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.