Santhonis: 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.
Santhonis
Largest movements
- Receivables within one year +€16,408
up €16,408 (+9.5%), from €172,707 to €189,116
of which Other amounts receivable: +€29,739
- Tangible fixed assets -€11,596
down €11,596 (-29.4%), from €39,396 to €27,799
- Cash -€7,783
down €7,783 (-73.1%), from €10,642 to €2,860
mainly Receivables within one year (-€16,408) and Debts after one year (-€11,335)
- Reserves +€16,134
up €16,134 (+10.8%), from €148,911 to €165,045
- Debts after one year -€11,335
down €11,335 (-34.6%), from €32,780 to €21,445
- Trade debts -€7,301
down €7,301 (-76.4%), from €9,558 to €2,256
- Gross operating margin +€5,727
up €5,727 (+23.2%), from €24,669 to €30,396
- Financial income +€1,133
up €1,133 (+17.9%), from €6,321 to €7,455
- Taxes +€882
up €882 (+16.2%), from €5,435 to €6,317
- Financial charges -€586
down €586 (-22.2%), from €2,641 to €2,055
- Other operating charges +€425
up €425 (+32.1%), from €1,323 to €1,748
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 | €226,745 | €223,774 | -€2,971 | -1.3% |
| Fixed assets | 21/28 | €39,396 | €27,799 | -€11,596 | -29.4% |
| Tangible fixed assets | 22/27 | €39,396 | €27,799 | -€11,596 | -29.4% |
| Leasing and similar rights | 25 | €39,396 | €27,799 | -€11,596 | -29.4% |
| Current assets | 29/58 | €187,350 | €195,975 | +€8,625 | +4.6% |
| Amounts receivable within one year | 40/41 | €172,707 | €189,116 | +€16,408 | +9.5% |
| Trade receivables | 40 | €45,023 | €31,692 | -€13,331 | -29.6% |
| Other amounts receivable | 41 | €127,684 | €157,423 | +€29,739 | +23.3% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,642 | €2,860 | -€7,783 | -73.1% |
| Total equity and liabilities | 10/49 | €226,745 | €223,774 | -€2,971 | -1.3% |
| Equity | 10/15 | €161,311 | €177,445 | +€16,134 | +10.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €148,911 | €165,045 | +€16,134 | +10.8% |
| Distributable reserves | 133 | €148,911 | €165,045 | +€16,134 | +10.8% |
| Amounts payable | 17/49 | €65,435 | €46,329 | -€19,105 | -29.2% |
| Amounts payable after more than one year | 17 | €32,780 | €21,445 | -€11,335 | -34.6% |
| Financial debts | 170/4 | €32,780 | €21,445 | -€11,335 | -34.6% |
| Amounts payable within one year | 42/48 | €32,655 | €24,884 | -€7,770 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €10,792 | €11,335 | +€543 | +5.0% |
| Financial debts | 43 | €5,295 | €5,278 | -€17 | -0.3% |
| Other loans | 439 | €5,295 | €5,278 | -€17 | -0.3% |
| Trade debts | 44 | €9,558 | €2,256 | -€7,301 | -76.4% |
| Suppliers | 440/4 | €9,558 | €2,256 | -€7,301 | -76.4% |
| Taxes, remuneration and social security | 45 | €7,010 | €6,015 | -€995 | -14.2% |
| Taxes | 450/3 | €7,010 | €6,015 | -€995 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,596 | €11,596 | = | 0.0% |
| Other operating charges | 640/8 | €1,323 | €1,748 | +€425 | +32.1% |
| Gross operating margin | 9900 | €24,669 | €30,396 | +€5,727 | +23.2% |
| Operating profit (loss) | 9901 | €11,750 | €17,052 | +€5,302 | +45.1% |
| Financial income | 75/76B | €6,321 | €7,455 | +€1,133 | +17.9% |
| Recurring financial income | 75 | €6,321 | €7,455 | +€1,133 | +17.9% |
| Financial charges | 65/66B | €2,641 | €2,055 | -€586 | -22.2% |
| Recurring financial charges | 65 | €2,641 | €2,055 | -€586 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €15,430 | €22,451 | +€7,021 | +45.5% |
| Income taxes | 67/77 | €5,435 | €6,317 | +€882 | +16.2% |
| Profit (loss) for the period | 9904 | €9,996 | €16,134 | +€6,139 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,996 | €16,134 | +€6,139 | +61.4% |
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 10 October 2026 via checked.be.