SANTGERMA ANNE: 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.
SANTGERMA ANNE
Largest movements
- Tangible fixed assets -€16,700
down €16,700 (-28.4%), from €58,856 to €42,156
of which Furniture and vehicles: -€10,056
- Cash +€14,757
up €14,757 (+49.4%), from €29,889 to €44,646
mainly Depreciation (+€16,700) and Net result for the year (+€16,508)
- Receivables within one year -€6,134
no longer reported in 2025 (was €6,134)
- Receivables after one year -€2,207
down €2,207 (-3.6%), from €62,156 to €59,948
- Tax, wage and social debts -€13,250
down €13,250 (-85.6%), from €15,473 to €2,222
- Reserves +€3,053
up €3,053 (+2.7%), from €111,374 to €114,427
of which Distributable reserves: +€3,053
- Gross operating margin -€12,935
down €12,935 (-21.9%), from €59,096 to €46,161
- Depreciation +€6,463
up €6,463 (+63.1%), from €10,237 to €16,700
- Taxes -€5,316
down €5,316 (-34.2%), from €15,539 to €10,222
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.
Derived cash bridge
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 | €158,420 | €148,712 | -€9,708 | -6.1% |
| Fixed assets | 21/28 | €58,856 | €42,156 | -€16,700 | -28.4% |
| Tangible fixed assets | 22/27 | €58,856 | €42,156 | -€16,700 | -28.4% |
| Land and buildings | 22 | €13,362 | €6,718 | -€6,644 | -49.7% |
| Furniture and vehicles | 24 | €45,494 | €35,438 | -€10,056 | -22.1% |
| Current assets | 29/58 | €99,564 | €106,555 | +€6,992 | +7.0% |
| Amounts receivable after more than one year | 29 | €62,156 | €59,948 | -€2,207 | -3.6% |
| Other amounts receivable | 291 | €62,156 | €59,948 | -€2,207 | -3.6% |
| Amounts receivable within one year | 40/41 | €6,134 | - | -€6,134 | |
| Other amounts receivable | 41 | €6,134 | - | -€6,134 | |
| Cash at bank and in hand | 54/58 | €29,889 | €44,646 | +€14,757 | +49.4% |
| Deferred charges and accrued income | 490/1 | €1,385 | €1,961 | +€576 | +41.6% |
| Total equity and liabilities | 10/49 | €158,420 | €148,712 | -€9,708 | -6.1% |
| Equity | 10/15 | €142,578 | €145,630 | +€3,053 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,374 | €114,427 | +€3,053 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,514 | €112,567 | +€3,053 | +2.8% |
| Profit (loss) carried forward | 14 | €25,004 | €25,004 | = | 0.0% |
| Amounts payable | 17/49 | €15,842 | €3,081 | -€12,761 | -80.6% |
| Amounts payable within one year | 42/48 | €15,842 | €3,081 | -€12,761 | -80.6% |
| Trade debts | 44 | €369 | €859 | +€490 | +133% |
| Suppliers | 440/4 | €369 | €859 | +€490 | +133% |
| Taxes, remuneration and social security | 45 | €15,473 | €2,222 | -€13,250 | -85.6% |
| Taxes | 450/3 | €15,473 | €2,222 | -€13,250 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,237 | €16,700 | +€6,463 | +63.1% |
| Other operating charges | 640/8 | €2,642 | €2,440 | -€202 | -7.6% |
| Gross operating margin | 9900 | €59,096 | €46,161 | -€12,935 | -21.9% |
| Operating profit (loss) | 9901 | €46,218 | €27,022 | -€19,196 | -41.5% |
| Financial income | 75/76B | €220 | €86 | -€134 | -61.1% |
| Recurring financial income | 75 | €220 | €86 | -€134 | -61.1% |
| Financial charges | 65/66B | €482 | €377 | -€104 | -21.7% |
| Recurring financial charges | 65 | €482 | €377 | -€104 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €45,956 | €26,730 | -€19,226 | -41.8% |
| Income taxes | 67/77 | €15,539 | €10,222 | -€5,316 | -34.2% |
| Profit (loss) for the period | 9904 | €30,418 | €16,508 | -€13,910 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,418 | €16,508 | -€13,910 | -45.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.