SANTIFER: 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.
SANTIFER
Largest movements
- Tangible fixed assets -€7,743
down €7,743 (-4.7%), from €163,770 to €156,027
of which Land and buildings: -€5,457
- Receivables within one year +€7,527
up €7,527 (+10.6%), from €70,776 to €78,303
of which Other amounts receivable: +€13,533
- Reserves +€24,500
up €24,500 (+13.9%), from €176,530 to €201,030
of which Distributable reserves: +€24,500
- Trade debts -€12,044
down €12,044 (-38.1%), from €31,599 to €19,555
- Debts after one year -€9,076
down €9,076 (-8.8%), from €102,707 to €93,631
- Other debts -€9,009
no longer reported in 2025 (was €9,009)
- Staff costs -€36,501
down €36,501 (-26.8%), from €136,435 to €99,933
- Gross operating margin -€33,623
down €33,623 (-17.9%), from €188,081 to €154,458
- Financial charges -€3,334
down €3,334 (-32.9%), from €10,143 to €6,810
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 | €384,589 | €380,549 | -€4,040 | -1.1% |
| Fixed assets | 21/28 | €163,870 | €156,127 | -€7,743 | -4.7% |
| Tangible fixed assets | 22/27 | €163,770 | €156,027 | -€7,743 | -4.7% |
| Land and buildings | 22 | €157,072 | €151,615 | -€5,457 | -3.5% |
| Furniture and vehicles | 24 | €6,698 | €4,412 | -€2,285 | -34.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €220,719 | €224,422 | +€3,703 | +1.7% |
| Amounts receivable after more than one year | 29 | €141,190 | €141,190 | = | 0.0% |
| Other amounts receivable | 291 | €141,190 | €141,190 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,776 | €78,303 | +€7,527 | +10.6% |
| Trade receivables | 40 | €70,776 | €64,770 | -€6,006 | -8.5% |
| Other amounts receivable | 41 | - | €13,533 | +€13,533 | |
| Cash at bank and in hand | 54/58 | €4,699 | €2,012 | -€2,686 | -57.2% |
| Deferred charges and accrued income | 490/1 | €4,054 | €2,917 | -€1,138 | -28.1% |
| Total equity and liabilities | 10/49 | €384,589 | €380,549 | -€4,040 | -1.1% |
| Equity | 10/15 | €183,085 | €207,670 | +€24,586 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,530 | €201,030 | +€24,500 | +13.9% |
| 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 | €174,670 | €199,170 | +€24,500 | +14.0% |
| Profit (loss) carried forward | 14 | €355 | €440 | +€86 | +24.2% |
| Amounts payable | 17/49 | €201,504 | €172,879 | -€28,625 | -14.2% |
| Amounts payable after more than one year | 17 | €102,707 | €93,631 | -€9,076 | -8.8% |
| Financial debts | 170/4 | €102,707 | €93,631 | -€9,076 | -8.8% |
| Amounts payable within one year | 42/48 | €97,587 | €77,307 | -€20,280 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €9,541 | €9,820 | +€279 | +2.9% |
| Financial debts | 43 | €5,179 | €5,410 | +€231 | +4.5% |
| Credit institutions | 430/8 | €5,179 | €5,410 | +€231 | +4.5% |
| Trade debts | 44 | €31,599 | €19,555 | -€12,044 | -38.1% |
| Suppliers | 440/4 | €31,599 | €19,555 | -€12,044 | -38.1% |
| Taxes, remuneration and social security | 45 | €42,259 | €42,521 | +€263 | +0.6% |
| Taxes | 450/3 | €27,989 | €25,320 | -€2,670 | -9.5% |
| Remuneration and social security | 454/9 | €14,270 | €17,202 | +€2,932 | +20.5% |
| Other amounts payable | 47/48 | €9,009 | - | -€9,009 | |
| Accrued charges and deferred income | 492/3 | €1,210 | €1,941 | +€730 | +60.3% |
| Non-recurring operating income | 76A | €139 | €16 | -€123 | -88.6% |
| Remuneration, social security and pensions | 62 | €136,435 | €99,933 | -€36,501 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,911 | €7,743 | +€831 | +12.0% |
| Other operating charges | 640/8 | €2,812 | €2,968 | +€156 | +5.5% |
| Gross operating margin | 9900 | €188,081 | €154,458 | -€33,623 | -17.9% |
| Operating profit (loss) | 9901 | €41,922 | €43,814 | +€1,891 | +4.5% |
| Financial income | 75/76B | €4,955 | €5,047 | +€92 | +1.9% |
| Recurring financial income | 75 | €4,955 | €5,047 | +€92 | +1.9% |
| Financial charges | 65/66B | €10,143 | €6,810 | -€3,334 | -32.9% |
| Recurring financial charges | 65 | €10,143 | €6,810 | -€3,334 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €36,734 | €42,051 | +€5,317 | +14.5% |
| Income taxes | 67/77 | €15,753 | €17,465 | +€1,713 | +10.9% |
| Profit (loss) for the period | 9904 | €20,982 | €24,586 | +€3,604 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,982 | €24,586 | +€3,604 | +17.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.