SANTIL: 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.
SANTIL
Largest movements
- Tangible fixed assets -€8,969
down €8,969 (-2.7%), from €327,313 to €318,344
of which Land and buildings: -€7,367
- Intangible fixed assets -€8,500
down €8,500 (-14.9%), from €57,032 to €48,532
- Trade debts +€62,387
up €62,387 (+61.3%), from €101,714 to €164,101
- Profit (loss) carried forward -€44,628
down €44,628 (-35.9%), from -€124,473 to -€169,101
- Advances received -€26,130
no longer reported in 2025 (was €26,130)
- Short-term financial debts +€5,804
up €5,804 (+121.4%), from €4,782 to €10,585
- Current portion of long-term debt -€5,628
down €5,628 (-10.7%), from €52,758 to €47,130
- Gross operating margin -€38,166
down €38,166 (-55.2%), from €69,122 to €30,955
- Financial charges +€14,961
up €14,961 (+41.9%), from €35,738 to €50,699
of which Non-recurring financial charges: +€7,665
- Staff costs -€2,107
down €2,107 (-52.0%), from €4,049 to €1,942
- Other operating charges -€1,823
down €1,823 (-47.5%), from €3,837 to €2,014
- Financial income +€1,769
up €1,769 (+1093.4%), from €162 to €1,931
of which Non-recurring financial income: +€1,873
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 | €451,785 | €434,210 | -€17,575 | -3.9% |
| Formation expenses | 20 | €1,809 | €739 | -€1,070 | -59.1% |
| Fixed assets | 21/28 | €384,345 | €366,875 | -€17,469 | -4.5% |
| Intangible fixed assets | 21 | €57,032 | €48,532 | -€8,500 | -14.9% |
| Tangible fixed assets | 22/27 | €327,313 | €318,344 | -€8,969 | -2.7% |
| Land and buildings | 22 | €321,490 | €314,123 | -€7,367 | -2.3% |
| Plant, machinery and equipment | 23 | €5,823 | €4,221 | -€1,602 | -27.5% |
| Current assets | 29/58 | €65,632 | €66,596 | +€964 | +1.5% |
| Amounts receivable within one year | 40/41 | €61,265 | €65,496 | +€4,231 | +6.9% |
| Trade receivables | 40 | €61,265 | €64,919 | +€3,654 | +6.0% |
| Other amounts receivable | 41 | - | €577 | +€577 | |
| Cash at bank and in hand | 54/58 | €4,104 | €853 | -€3,251 | -79.2% |
| Deferred charges and accrued income | 490/1 | €263 | €246 | -€17 | -6.3% |
| Total equity and liabilities | 10/49 | €451,785 | €434,210 | -€17,575 | -3.9% |
| Equity | 10/15 | -€114,473 | -€159,101 | -€44,628 | -39.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,473 | -€169,101 | -€44,628 | -35.9% |
| Amounts payable | 17/49 | €566,258 | €593,311 | +€27,053 | +4.8% |
| Amounts payable after more than one year | 17 | €365,888 | €363,303 | -€2,585 | -0.7% |
| Financial debts | 170/4 | €365,888 | €363,303 | -€2,585 | -0.7% |
| Amounts payable within one year | 42/48 | €199,026 | €230,008 | +€30,982 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €52,758 | €47,130 | -€5,628 | -10.7% |
| Financial debts | 43 | €4,782 | €10,585 | +€5,804 | +121.4% |
| Credit institutions | 430/8 | €4,782 | €10,585 | +€5,804 | +121.4% |
| Trade debts | 44 | €101,714 | €164,101 | +€62,387 | +61.3% |
| Suppliers | 440/4 | €101,714 | €164,101 | +€62,387 | +61.3% |
| Advances received on contracts in progress | 46 | €26,130 | - | -€26,130 | |
| Taxes, remuneration and social security | 45 | €4,050 | €3,592 | -€458 | -11.3% |
| Taxes | 450/3 | €4,050 | €3,592 | -€458 | -11.3% |
| Other amounts payable | 47/48 | €9,593 | €4,599 | -€4,993 | -52.1% |
| Accrued charges and deferred income | 492/3 | €1,344 | - | -€1,344 | |
| Remuneration, social security and pensions | 62 | €4,049 | €1,942 | -€2,107 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,534 | €18,539 | +€5 | 0.0% |
| Other operating charges | 640/8 | €3,837 | €2,014 | -€1,823 | -47.5% |
| Non-recurring operating charges | 66A | €36,154 | €4,002 | -€32,152 | -88.9% |
| Gross operating margin | 9900 | €69,122 | €30,955 | -€38,166 | -55.2% |
| Operating profit (loss) | 9901 | €6,548 | €4,459 | -€2,089 | -31.9% |
| Financial income | 75/76B | €162 | €1,931 | +€1,769 | +1093.4% |
| Recurring financial income | 75 | €162 | €58 | -€104 | -64.2% |
| Non-recurring financial income | 76B | - | €1,873 | +€1,873 | |
| Financial charges | 65/66B | €35,738 | €50,699 | +€14,961 | +41.9% |
| Recurring financial charges | 65 | €35,738 | €43,034 | +€7,297 | +20.4% |
| Non-recurring financial charges | 66B | - | €7,665 | +€7,665 | |
| Profit (loss) for the period before taxes | 9903 | -€29,028 | -€44,309 | -€15,282 | -52.6% |
| Income taxes | 67/77 | €225 | €319 | +€94 | +41.7% |
| Profit (loss) for the period | 9904 | -€29,253 | -€44,628 | -€15,375 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,253 | -€44,628 | -€15,375 | -52.6% |
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 29 September 2026 via checked.be.