Santhera: 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.
Santhera
Largest movements
- Cash -€289,763
down €289,763 (-89.8%), from €322,727 to €32,964
mainly Contributions, distributions and other (-€330,000) and Receivables within one year (-€4,928)
- Receivables within one year +€4,928
up €4,928 (+41.4%), from €11,897 to €16,825
of which Other amounts receivable: +€7,338
- Profit (loss) carried forward -€282,068
down €282,068 (-83.2%), from €338,881 to €56,814
- Trade debts -€4,411
down €4,411 (-40.6%), from €10,871 to €6,461
- Gross operating margin -€65,115
down €65,115 (-36.5%), from €178,512 to €113,397
- Taxes -€15,412
down €15,412 (-54.4%), from €28,318 to €12,906
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,949 | €86,499 | -€288,450 | -76.9% |
| Fixed assets | 21/28 | €40,325 | €36,711 | -€3,614 | -9.0% |
| Tangible fixed assets | 22/27 | €40,325 | €36,711 | -€3,614 | -9.0% |
| Plant, machinery and equipment | 23 | €40,325 | €36,348 | -€3,976 | -9.9% |
| Furniture and vehicles | 24 | - | €362 | +€362 | |
| Current assets | 29/58 | €334,624 | €49,788 | -€284,836 | -85.1% |
| Amounts receivable within one year | 40/41 | €11,897 | €16,825 | +€4,928 | +41.4% |
| Trade receivables | 40 | €5,690 | €3,280 | -€2,410 | -42.4% |
| Other amounts receivable | 41 | €6,207 | €13,545 | +€7,338 | +118% |
| Cash at bank and in hand | 54/58 | €322,727 | €32,964 | -€289,763 | -89.8% |
| Total equity and liabilities | 10/49 | €374,949 | €86,499 | -€288,450 | -76.9% |
| Equity | 10/15 | €343,881 | €61,814 | -€282,068 | -82.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €338,881 | €56,814 | -€282,068 | -83.2% |
| Amounts payable | 17/49 | €31,067 | €24,685 | -€6,382 | -20.5% |
| Amounts payable within one year | 42/48 | €31,067 | €24,600 | -€6,467 | -20.8% |
| Trade debts | 44 | €10,871 | €6,461 | -€4,411 | -40.6% |
| Suppliers | 440/4 | €10,871 | €6,461 | -€4,411 | -40.6% |
| Taxes, remuneration and social security | 45 | €20,196 | €18,140 | -€2,056 | -10.2% |
| Taxes | 450/3 | €13,932 | €8,065 | -€5,866 | -42.1% |
| Remuneration and social security | 454/9 | €6,264 | €10,075 | +€3,810 | +60.8% |
| Accrued charges and deferred income | 492/3 | - | €85 | +€85 | |
| Remuneration, social security and pensions | 62 | €47,037 | €45,987 | -€1,050 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,832 | €5,313 | +€480 | +9.9% |
| Other operating charges | 640/8 | €2,114 | €632 | -€1,482 | -70.1% |
| Gross operating margin | 9900 | €178,512 | €113,397 | -€65,115 | -36.5% |
| Operating profit (loss) | 9901 | €124,528 | €61,465 | -€63,063 | -50.6% |
| Financial income | 75/76B | €1,236 | €278 | -€958 | -77.5% |
| Recurring financial income | 75 | €1,236 | €278 | -€958 | -77.5% |
| Financial charges | 65/66B | €1,384 | €904 | -€480 | -34.7% |
| Recurring financial charges | 65 | €1,384 | €904 | -€480 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €124,381 | €60,839 | -€63,542 | -51.1% |
| Income taxes | 67/77 | €28,318 | €12,906 | -€15,412 | -54.4% |
| Profit (loss) for the period | 9904 | €96,063 | €47,932 | -€48,130 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,063 | €47,932 | -€48,130 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.