SANTBERG: 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.
SANTBERG
Largest movements
- Tangible fixed assets +€33,582
up €33,582 (+895.4%), from €3,751 to €37,332
of which Furniture and vehicles: +€31,775
- Deferred charges and accrued income -€12,002
down €12,002 (-54.7%), from €21,946 to €9,943
- Receivables within one year +€8,401
up €8,401 (+19.4%), from €43,259 to €51,660
of which Trade receivables: +€8,712
- Intangible fixed assets +€7,884
up €7,884 (+321.7%), from €2,451 to €10,335
- Cash -€4,229
down €4,229 (-18.7%), from €22,623 to €18,393
mainly Investment in fixed assets (net) (-€50,877) and Receivables within one year (-€8,401)
- Debts after one year +€16,446
up €16,446 (+1395.1%), from €1,179 to €17,625
- Trade debts +€13,729
up €13,729 (+42.0%), from €32,652 to €46,381
- Short-term financial debts +€10,023
new in 2025: €10,023
- Profit (loss) carried forward -€7,136
down €7,136 (-12.6%), from -€56,621 to -€63,758
- Tax, wage and social debts -€3,918
down €3,918 (-39.7%), from €9,876 to €5,957
of which Taxes: -€3,343
- Gross operating margin -€8,432
down €8,432 (-47.5%), from €17,766 to €9,334
- Depreciation +€8,264
up €8,264 (+720.1%), from €1,148 to €9,411
- Financial charges +€2,777
up €2,777 (+173.4%), from €1,601 to €4,378
- Taxes +€293
up €293 (+54.5%), from €537 to €829
- Other operating charges -€182
down €182 (-13.0%), from €1,403 to €1,221
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 | €115,538 | €150,449 | +€34,911 | +30.2% |
| Fixed assets | 21/28 | €6,202 | €47,668 | +€41,466 | +668.6% |
| Intangible fixed assets | 21 | €2,451 | €10,335 | +€7,884 | +321.7% |
| Tangible fixed assets | 22/27 | €3,751 | €37,332 | +€33,582 | +895.4% |
| Plant, machinery and equipment | 23 | - | €1,807 | +€1,807 | |
| Furniture and vehicles | 24 | €3,751 | €35,525 | +€31,775 | +847.2% |
| Current assets | 29/58 | €109,336 | €102,781 | -€6,555 | -6.0% |
| Stocks and contracts in progress | 3 | €21,509 | €22,785 | +€1,276 | +5.9% |
| Stocks | 30/36 | €21,509 | €22,785 | +€1,276 | +5.9% |
| Amounts receivable within one year | 40/41 | €43,259 | €51,660 | +€8,401 | +19.4% |
| Trade receivables | 40 | €42,399 | €51,111 | +€8,712 | +20.5% |
| Other amounts receivable | 41 | €860 | €548 | -€312 | -36.2% |
| Cash at bank and in hand | 54/58 | €22,623 | €18,393 | -€4,229 | -18.7% |
| Deferred charges and accrued income | 490/1 | €21,946 | €9,943 | -€12,002 | -54.7% |
| Total equity and liabilities | 10/49 | €115,538 | €150,449 | +€34,911 | +30.2% |
| Equity | 10/15 | €68,379 | €61,242 | -€7,136 | -10.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,621 | -€63,758 | -€7,136 | -12.6% |
| Amounts payable | 17/49 | €47,159 | €89,207 | +€42,047 | +89.2% |
| Amounts payable after more than one year | 17 | €1,179 | €17,625 | +€16,446 | +1395.1% |
| Financial debts | 170/4 | €1,179 | €17,625 | +€16,446 | +1395.1% |
| Amounts payable within one year | 42/48 | €45,981 | €70,058 | +€24,078 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €3,432 | €6,364 | +€2,932 | +85.4% |
| Financial debts | 43 | - | €10,023 | +€10,023 | |
| Credit institutions | 430/8 | - | €10,023 | +€10,023 | |
| Trade debts | 44 | €32,652 | €46,381 | +€13,729 | +42.0% |
| Suppliers | 440/4 | €32,652 | €46,381 | +€13,729 | +42.0% |
| Taxes, remuneration and social security | 45 | €9,876 | €5,957 | -€3,918 | -39.7% |
| Taxes | 450/3 | €9,301 | €5,957 | -€3,343 | -35.9% |
| Remuneration and social security | 454/9 | €575 | €0 | -€575 | -100.0% |
| Other amounts payable | 47/48 | €21 | €1,333 | +€1,312 | +6180.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,524 | +€1,524 | |
| Non-recurring operating income | 76A | - | €6,339 | +€6,339 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €9,411 | +€8,264 | +720.1% |
| Other operating charges | 640/8 | €1,403 | €1,221 | -€182 | -13.0% |
| Non-recurring operating charges | 66A | - | €1,435 | +€1,435 | |
| Gross operating margin | 9900 | €17,766 | €9,334 | -€8,432 | -47.5% |
| Operating profit (loss) | 9901 | €15,215 | -€2,734 | -€17,949 | |
| Financial income | 75/76B | €927 | €805 | -€122 | -13.1% |
| Recurring financial income | 75 | €927 | €124 | -€803 | -86.7% |
| Non-recurring financial income | 76B | - | €681 | +€681 | |
| Financial charges | 65/66B | €1,601 | €4,378 | +€2,777 | +173.4% |
| Recurring financial charges | 65 | €1,601 | €4,378 | +€2,777 | +173.4% |
| Profit (loss) for the period before taxes | 9903 | €14,541 | -€6,307 | -€20,847 | |
| Income taxes | 67/77 | €537 | €829 | +€293 | +54.5% |
| Profit (loss) for the period | 9904 | €14,004 | -€7,136 | -€21,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,004 | -€7,136 | -€21,140 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.