Santhea: 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.
What changed
Santhea
NACE 94.120, Activities of professional membership organisations
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€22,833
2024 · -€105,726+€82,893
Equity
€1.7m
2024 · €1.7m-€19,177
Cash
€219,183
2024 · €403,366-€184,183
Balance sheet total
€4.9m
2024 · €5.1m-€279,636
Largest movements
Assets
- Cash -€184,183
down €184,183 (-45.7%), from €403,366 to €219,183
mainly Investment in fixed assets (net) (-€350,842) and Debts after one year (-€157,534)
- Current investments -€150,000
down €150,000 (-19.2%), from €782,324 to €632,324
- Tangible fixed assets +€67,212
up €67,212 (+1.9%), from €3.5m to €3.6m
of which Land and buildings: +€37,453
Equity and liabilities
- Debts after one year -€157,534
down €157,534 (-6.3%), from €2.5m to €2.4m
- Accrued charges and deferred income -€108,119
down €108,119 (-100.0%), from €108,119 to €0
- Tax, wage and social debts +€77,171
up €77,171 (+19.0%), from €406,704 to €483,875
of which Remuneration and social security: +€66,347
Income statement
- Staff costs +€393,246
up €393,246 (+15.3%), from €2.6m to €3.0m
- Other operating income +€30,451
up €30,451 (+15.6%), from €195,475 to €225,926
- Depreciation +€14,799
up €14,799 (+5.5%), from €268,832 to €283,630
- Services and other goods +€12,148
up €12,148 (+1.0%), from €1.2m to €1.2m
- Financial income -€11,941
down €11,941 (-25.1%), from €47,649 to €35,709
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.
Result 2024
-€105,726
Turnover
-€7,810
Other operating income
+€30,451
Services and other goods
-€12,148
Staff costs
-€393,246
Depreciation
-€14,799
Other operating charges
+€2,598
Other operating items
+€496,358
Financial income
-€11,941
Financial charges
-€6,640
Taxes
+€69
Result 2025
-€22,833
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.
From operations
+€198,077
Investment
-€200,842
Financing
-€181,418
Cash 2024
€403,366
From operations (derived)
+€198,077
Net result for the year
-€22,833
Depreciation
+€283,630
Stocks and contracts
+€205
Receivables within one year
+€15,454
Deferred charges and accrued income
-€2,995
Provisions
-€36,173
Trade debts
-€8,264
Tax, wage and social debts
+€77,171
Accrued charges and deferred income
-€108,119
Investment (derived)
-€200,842
Investment in fixed assets (net)
-€350,842
Current investments
+€150,000
Financing
-€181,418
Debts after one year
-€157,534
Current portion of long-term debt
-€27,540
Contributions, distributions and other
+€3,656
Cash 2025
€219,183
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,144,287 | €4,864,651 | -€279,636 | -5.4% |
| Fixed assets | 21/28 | €3,502,258 | €3,569,469 | +€67,212 | +1.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,501,133 | €3,568,344 | +€67,212 | +1.9% |
| Land and buildings | 22 | €3,233,268 | €3,270,722 | +€37,453 | +1.2% |
| Plant, machinery and equipment | 23 | €52,944 | €46,188 | -€6,756 | -12.8% |
| Furniture and vehicles | 24 | €204,359 | €231,174 | +€26,816 | +13.1% |
| Other tangible fixed assets | 26 | €2,908 | €5,058 | +€2,150 | +73.9% |
| Assets under construction and advance payments | 27 | €7,653 | €15,202 | +€7,549 | +98.6% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,125 | €1,125 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €1,642,029 | €1,295,182 | -€346,847 | -21.1% |
| Amounts receivable after more than one year | 29 | €7,728 | €7,728 | = | 0.0% |
| Other amounts receivable | 291 | €7,728 | €7,728 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,045 | €10,839 | -€205 | -1.9% |
| Stocks | 30/36 | €11,045 | €10,839 | -€205 | -1.9% |
| Goods purchased for resale | 34 | €11,045 | €10,839 | -€205 | -1.9% |
| Amounts receivable within one year | 40/41 | €336,093 | €320,639 | -€15,454 | -4.6% |
| Other amounts receivable | 41 | €336,093 | €320,639 | -€15,454 | -4.6% |
| Current investments | 50/53 | €782,324 | €632,324 | -€150,000 | -19.2% |
| Cash at bank and in hand | 54/58 | €403,366 | €219,183 | -€184,183 | -45.7% |
| Deferred charges and accrued income | 490/1 | €101,473 | €104,468 | +€2,995 | +3.0% |
| Total equity and liabilities | 10/49 | €5,144,287 | €4,864,651 | -€279,636 | -5.4% |
| Equity | 10/15 | €1,680,101 | €1,660,924 | -€19,177 | -1.1% |
| Contributions | 10/11 | €411,289 | €411,289 | = | 0.0% |
| Capital | 10 | €411,289 | €411,289 | = | 0.0% |
| Reserves | 13 | €507,939 | €485,107 | -€22,833 | -4.5% |
| Profit (loss) carried forward | 14 | €758,101 | €758,101 | = | 0.0% |
| Investment grants | 15 | €2,771 | €6,427 | +€3,656 | +131.9% |
| Provisions and deferred taxes | 16 | €90,318 | €54,144 | -€36,173 | -40.1% |
| Provisions for liabilities and charges | 160/5 | €90,318 | €54,144 | -€36,173 | -40.1% |
| Pensions and similar obligations | 160 | €50,029 | €25,219 | -€24,810 | -49.6% |
| Major repairs and maintenance | 162 | €40,289 | €28,925 | -€11,364 | -28.2% |
| Amounts payable | 17/49 | €3,373,868 | €3,149,583 | -€224,285 | -6.6% |
| Amounts payable after more than one year | 17 | €2,518,179 | €2,360,645 | -€157,534 | -6.3% |
| Financial debts | 170/4 | €2,518,179 | €2,360,645 | -€157,534 | -6.3% |
| Credit institutions | 173 | €2,518,179 | €2,360,645 | -€157,534 | -6.3% |
| Amounts payable within one year | 42/48 | €747,570 | €788,938 | +€41,368 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €184,023 | €156,483 | -€27,540 | -15.0% |
| Trade debts | 44 | €156,844 | €148,580 | -€8,264 | -5.3% |
| Suppliers | 440/4 | €156,844 | €148,580 | -€8,264 | -5.3% |
| Taxes, remuneration and social security | 45 | €406,704 | €483,875 | +€77,171 | +19.0% |
| Taxes | 450/3 | €78,946 | €89,771 | +€10,825 | +13.7% |
| Remuneration and social security | 454/9 | €327,757 | €394,104 | +€66,347 | +20.2% |
| Accrued charges and deferred income | 492/3 | €108,119 | €0 | -€108,119 | -100.0% |
| Operating income | 70/76A | €4,095,157 | €4,537,228 | +€442,071 | +10.8% |
| Turnover | 70 | €41,495 | €33,685 | -€7,810 | -18.8% |
| Other operating income | 74 | €195,475 | €225,926 | +€30,451 | +15.6% |
| Non-recurring operating income | 76A | €0 | €972 | +€972 | |
| Operating charges | 60/66A | €4,144,265 | €4,484,932 | +€340,666 | +8.2% |
| Services and other goods | 61 | €1,199,803 | €1,211,951 | +€12,148 | +1.0% |
| Remuneration, social security and pensions | 62 | €2,567,339 | €2,960,584 | +€393,246 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,832 | €283,630 | +€14,799 | +5.5% |
| Other operating charges | 640/8 | €62,102 | €59,503 | -€2,598 | -4.2% |
| Non-recurring operating charges | 66A | €5,554 | €5,437 | -€117 | -2.1% |
| Operating profit (loss) | 9901 | -€49,108 | €52,297 | +€101,405 | |
| Financial income | 75/76B | €47,649 | €35,709 | -€11,941 | -25.1% |
| Recurring financial income | 75 | €47,649 | €35,709 | -€11,941 | -25.1% |
| Income from financial fixed assets | 750 | €47,649 | €35,703 | -€11,946 | -25.1% |
| Other financial income | 752/9 | - | €6 | +€6 | |
| Financial charges | 65/66B | €89,972 | €96,612 | +€6,640 | +7.4% |
| Recurring financial charges | 65 | €89,972 | €92,899 | +€2,927 | +3.3% |
| Debt charges | 650 | €86,250 | €88,433 | +€2,182 | +2.5% |
| Other financial charges | 652/9 | €3,722 | €4,467 | +€745 | +20.0% |
| Non-recurring financial charges | 66B | - | €3,713 | +€3,713 | |
| Profit (loss) for the period before taxes | 9903 | -€91,431 | -€8,607 | +€82,824 | +90.6% |
| Income taxes | 67/77 | €14,295 | €14,226 | -€69 | -0.5% |
| Taxes | 670/3 | €14,295 | €14,226 | -€69 | -0.5% |
| Profit (loss) for the period | 9904 | -€105,726 | -€22,833 | +€82,893 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,726 | -€22,833 | +€82,893 | +78.4% |
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 3 October 2026 via checked.be.