SANTELE: 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.
SANTELE
Largest movements
- Cash +€744,707
up €744,707 (+314.0%), from €237,149 to €981,856
mainly Net result for the year (+€505,853) and Receivables within one year (+€402,218)
- Receivables within one year -€402,218
down €402,218 (-44.0%), from €913,421 to €511,203
of which Other amounts receivable: -€364,234
- Tangible fixed assets -€269,655
down €269,655 (-11.2%), from €2.4m to €2.1m
of which Plant, machinery and equipment: -€144,455
- Current investments +€250,000
up €250,000 (+50.0%), from €500,000 to €750,000
- Other debts +€289,240
up €289,240 (+136.2%), from €212,440 to €501,681
- Reserves +€100,984
up €100,984 (+2.6%), from €3.8m to €3.9m
- Current portion of long-term debt -€76,011
no longer reported in 2025 (was €76,011)
- Depreciation +€16,283
up €16,283 (+6.0%), from €271,262 to €287,545
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 | €4,286,999 | €4,597,670 | +€310,671 | +7.2% |
| Fixed assets | 21/28 | €2,408,489 | €2,138,834 | -€269,655 | -11.2% |
| Tangible fixed assets | 22/27 | €2,408,489 | €2,138,834 | -€269,655 | -11.2% |
| Land and buildings | 22 | €1,857,612 | €1,733,048 | -€124,565 | -6.7% |
| Plant, machinery and equipment | 23 | €530,835 | €386,380 | -€144,455 | -27.2% |
| Furniture and vehicles | 24 | €20,041 | €19,407 | -€635 | -3.2% |
| Current assets | 29/58 | €1,878,511 | €2,458,836 | +€580,326 | +30.9% |
| Stocks and contracts in progress | 3 | €227,941 | €203,975 | -€23,965 | -10.5% |
| Stocks | 30/36 | €227,941 | €203,975 | -€23,965 | -10.5% |
| Amounts receivable within one year | 40/41 | €913,421 | €511,203 | -€402,218 | -44.0% |
| Trade receivables | 40 | €332,266 | €294,283 | -€37,984 | -11.4% |
| Other amounts receivable | 41 | €581,154 | €216,920 | -€364,234 | -62.7% |
| Current investments | 50/53 | €500,000 | €750,000 | +€250,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €237,149 | €981,856 | +€744,707 | +314.0% |
| Deferred charges and accrued income | 490/1 | - | €11,802 | +€11,802 | |
| Total equity and liabilities | 10/49 | €4,286,999 | €4,597,670 | +€310,671 | +7.2% |
| Equity | 10/15 | €3,858,851 | €3,959,835 | +€100,984 | +2.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,821,667 | €3,922,651 | +€100,984 | +2.6% |
| Distributable reserves | 133 | €3,821,667 | €3,922,651 | +€100,984 | +2.6% |
| Amounts payable | 17/49 | €428,148 | €637,835 | +€209,687 | +49.0% |
| Amounts payable within one year | 42/48 | €396,344 | €610,463 | +€214,119 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €76,011 | - | -€76,011 | |
| Trade debts | 44 | €10,825 | €20,982 | +€10,157 | +93.8% |
| Suppliers | 440/4 | €10,825 | €20,982 | +€10,157 | +93.8% |
| Taxes, remuneration and social security | 45 | €97,068 | €87,800 | -€9,268 | -9.5% |
| Taxes | 450/3 | €69,541 | €59,962 | -€9,579 | -13.8% |
| Remuneration and social security | 454/9 | €27,527 | €27,838 | +€312 | +1.1% |
| Other amounts payable | 47/48 | €212,440 | €501,681 | +€289,240 | +136.2% |
| Accrued charges and deferred income | 492/3 | €31,804 | €27,372 | -€4,432 | -13.9% |
| Non-recurring operating income | 76A | €253,804 | €194,855 | -€58,949 | -23.2% |
| Remuneration, social security and pensions | 62 | €267,329 | €269,300 | +€1,971 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,262 | €287,545 | +€16,283 | +6.0% |
| Other operating charges | 640/8 | €35,050 | €39,506 | +€4,456 | +12.7% |
| Gross operating margin | 9900 | €1,332,865 | €1,343,434 | +€10,569 | +0.8% |
| Operating profit (loss) | 9901 | €759,224 | €747,083 | -€12,141 | -1.6% |
| Financial income | 75/76B | €11,123 | - | -€11,123 | |
| Recurring financial income | 75 | €11,123 | - | -€11,123 | |
| Financial charges | 65/66B | €19,466 | €8,900 | -€10,566 | -54.3% |
| Recurring financial charges | 65 | €19,466 | €8,900 | -€10,566 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €750,882 | €738,183 | -€12,698 | -1.7% |
| Income taxes | 67/77 | €231,666 | €232,331 | +€664 | +0.3% |
| Profit (loss) for the period | 9904 | €519,215 | €505,853 | -€13,363 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €519,215 | €505,853 | -€13,363 | -2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.