Santermans Projects: 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.
Santermans Projects
Largest movements
- Receivables within one year +€31,085
up €31,085 (+41.8%), from €74,345 to €105,430
of which Trade receivables: +€18,643
- Stocks and contracts -€4,700
no longer reported in 2025 (was €4,700)
- Deferred charges and accrued income -€1,646
down €1,646 (-89.0%), from €1,850 to €204
- Other debts +€21,090
up €21,090 (+113.9%), from €18,515 to €39,606
- Profit (loss) carried forward +€7,893
up €7,893 (+18.0%), from -€43,830 to -€35,937
- Trade debts -€7,002
down €7,002 (-13.0%), from €53,671 to €46,670
- Short-term financial debts +€2,209
up €2,209 (+244.0%), from €905 to €3,114
- Gross operating margin +€25,253
up €25,253, from -€8,729 to €16,524
- Financial charges -€2,441
down €2,441 (-30.7%), from €7,947 to €5,506
- Financial income +€1,508
up €1,508 (+6266.3%), from €24 to €1,532
- Taxes +€1,248
new in 2025: €1,248
- Other operating charges -€202
down €202 (-6.2%), from €3,228 to €3,026
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,772 | €106,158 | +€24,385 | +29.8% |
| Fixed assets | 21/28 | €878 | €524 | -€354 | -40.3% |
| Tangible fixed assets | 22/27 | €878 | €524 | -€354 | -40.3% |
| Furniture and vehicles | 24 | €878 | €524 | -€354 | -40.3% |
| Current assets | 29/58 | €80,895 | €105,634 | +€24,739 | +30.6% |
| Stocks and contracts in progress | 3 | €4,700 | - | -€4,700 | |
| Contracts in progress | 37 | €4,700 | - | -€4,700 | |
| Amounts receivable within one year | 40/41 | €74,345 | €105,430 | +€31,085 | +41.8% |
| Trade receivables | 40 | €2,856 | €21,499 | +€18,643 | +652.8% |
| Other amounts receivable | 41 | €71,489 | €83,931 | +€12,442 | +17.4% |
| Deferred charges and accrued income | 490/1 | €1,850 | €204 | -€1,646 | -89.0% |
| Total equity and liabilities | 10/49 | €81,772 | €106,158 | +€24,385 | +29.8% |
| Equity | 10/15 | €8,146 | €16,039 | +€7,893 | +96.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,376 | €33,376 | = | 0.0% |
| Distributable reserves | 133 | €33,376 | €33,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,830 | -€35,937 | +€7,893 | +18.0% |
| Amounts payable | 17/49 | €73,626 | €90,118 | +€16,492 | +22.4% |
| Amounts payable within one year | 42/48 | €73,626 | €90,118 | +€16,492 | +22.4% |
| Financial debts | 43 | €905 | €3,114 | +€2,209 | +244.0% |
| Credit institutions | 430/8 | €905 | €3,114 | +€2,209 | +244.0% |
| Trade debts | 44 | €53,671 | €46,670 | -€7,002 | -13.0% |
| Suppliers | 440/4 | €53,671 | €46,670 | -€7,002 | -13.0% |
| Taxes, remuneration and social security | 45 | €534 | €729 | +€195 | +36.4% |
| Taxes | 450/3 | €534 | €729 | +€195 | +36.4% |
| Other amounts payable | 47/48 | €18,515 | €39,606 | +€21,090 | +113.9% |
| Remuneration, social security and pensions | 62 | -€118 | €30 | +€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308 | €354 | +€46 | +14.9% |
| Other operating charges | 640/8 | €3,228 | €3,026 | -€202 | -6.2% |
| Gross operating margin | 9900 | -€8,729 | €16,524 | +€25,253 | |
| Operating profit (loss) | 9901 | -€12,146 | €13,115 | +€25,261 | |
| Financial income | 75/76B | €24 | €1,532 | +€1,508 | +6266.3% |
| Recurring financial income | 75 | €24 | €1,532 | +€1,508 | +6266.3% |
| Financial charges | 65/66B | €7,947 | €5,506 | -€2,441 | -30.7% |
| Recurring financial charges | 65 | €7,947 | €5,506 | -€2,441 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,069 | €9,141 | +€29,210 | |
| Income taxes | 67/77 | - | €1,248 | +€1,248 | |
| Profit (loss) for the period | 9904 | -€20,069 | €7,893 | +€27,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,069 | €7,893 | +€27,962 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.