SANTEMO: 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.
SANTEMO
Largest movements
- Tangible fixed assets -€32,034
down €32,034 (-9.2%), from €346,762 to €314,728
of which Land and buildings: -€21,631
- Stocks and contracts +€10,778
up €10,778 (+38.1%), from €28,282 to €39,060
of which Contracts in progress: +€7,460
- Receivables within one year +€10,417
up €10,417 (+62.4%), from €16,706 to €27,123
of which Trade receivables: +€9,496
- Debts after one year -€22,394
down €22,394 (-7.5%), from €299,098 to €276,704
of which Financial debts: -€32,394
- Trade debts +€19,343
up €19,343 (+103.8%), from €18,639 to €37,982
- Other debts -€4,142
down €4,142 (-27.3%), from €15,196 to €11,054
- Current portion of long-term debt -€4,052
down €4,052 (-11.1%), from €36,446 to €32,394
- Gross operating margin +€63,227
up €63,227 (+73.4%), from €86,098 to €149,325
- Staff costs +€17,835
up €17,835 (+20.4%), from €87,547 to €105,382
- Depreciation -€1,690
down €1,690 (-4.8%), from €35,108 to €33,418
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 | €402,788 | €395,752 | -€7,035 | -1.7% |
| Fixed assets | 21/28 | €346,822 | €314,788 | -€32,034 | -9.2% |
| Tangible fixed assets | 22/27 | €346,762 | €314,728 | -€32,034 | -9.2% |
| Land and buildings | 22 | €318,813 | €297,182 | -€21,631 | -6.8% |
| Plant, machinery and equipment | 23 | €2,481 | €2,693 | +€212 | +8.5% |
| Furniture and vehicles | 24 | €1,687 | €1,201 | -€486 | -28.8% |
| Leasing and similar rights | 25 | €23,780 | €13,651 | -€10,129 | -42.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €55,966 | €80,965 | +€24,999 | +44.7% |
| Stocks and contracts in progress | 3 | €28,282 | €39,060 | +€10,778 | +38.1% |
| Stocks | 30/36 | €16,744 | €20,061 | +€3,318 | +19.8% |
| Contracts in progress | 37 | €11,539 | €18,999 | +€7,460 | +64.7% |
| Amounts receivable within one year | 40/41 | €16,706 | €27,123 | +€10,417 | +62.4% |
| Trade receivables | 40 | €14,326 | €23,822 | +€9,496 | +66.3% |
| Other amounts receivable | 41 | €2,380 | €3,301 | +€921 | +38.7% |
| Cash at bank and in hand | 54/58 | €10,630 | €14,294 | +€3,664 | +34.5% |
| Deferred charges and accrued income | 490/1 | €347 | €487 | +€140 | +40.2% |
| Total equity and liabilities | 10/49 | €402,788 | €395,752 | -€7,035 | -1.7% |
| Equity | 10/15 | €26,757 | €27,304 | +€547 | +2.0% |
| Reserves | 13 | €72,604 | €72,604 | = | 0.0% |
| Distributable reserves | 133 | €72,604 | €72,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,847 | -€45,300 | +€547 | +1.2% |
| Amounts payable | 17/49 | €376,031 | €368,448 | -€7,583 | -2.0% |
| Amounts payable after more than one year | 17 | €299,098 | €276,704 | -€22,394 | -7.5% |
| Financial debts | 170/4 | €229,098 | €196,704 | -€32,394 | -14.1% |
| Other amounts payable | 178/9 | €70,000 | €80,000 | +€10,000 | +14.3% |
| Amounts payable within one year | 42/48 | €76,846 | €91,744 | +€14,898 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €36,446 | €32,394 | -€4,052 | -11.1% |
| Trade debts | 44 | €18,639 | €37,982 | +€19,343 | +103.8% |
| Suppliers | 440/4 | €18,639 | €37,982 | +€19,343 | +103.8% |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €6,565 | €8,814 | +€2,248 | +34.2% |
| Taxes | 450/3 | €338 | €885 | +€547 | +161.8% |
| Remuneration and social security | 454/9 | €6,227 | €7,929 | +€1,702 | +27.3% |
| Other amounts payable | 47/48 | €15,196 | €11,054 | -€4,142 | -27.3% |
| Accrued charges and deferred income | 492/3 | €86 | - | -€86 | |
| Remuneration, social security and pensions | 62 | €87,547 | €105,382 | +€17,835 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,108 | €33,418 | -€1,690 | -4.8% |
| Other operating charges | 640/8 | €4,596 | €4,224 | -€371 | -8.1% |
| Non-recurring operating charges | 66A | - | €316 | +€316 | |
| Gross operating margin | 9900 | €86,098 | €149,325 | +€63,227 | +73.4% |
| Operating profit (loss) | 9901 | -€41,153 | €5,984 | +€47,138 | |
| Financial income | 75/76B | €1,735 | €362 | -€1,373 | -79.1% |
| Recurring financial income | 75 | €1,735 | €362 | -€1,373 | -79.1% |
| Financial charges | 65/66B | €6,245 | €5,624 | -€621 | -9.9% |
| Recurring financial charges | 65 | €6,245 | €5,624 | -€621 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€45,663 | €723 | +€46,386 | |
| Income taxes | 67/77 | €184 | €176 | -€8 | -4.2% |
| Profit (loss) for the period | 9904 | -€45,847 | €547 | +€46,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,847 | €547 | +€46,394 |
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 11 October 2026 via checked.be.