SANTILY: 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.
SANTILY
Largest movements
- Current investments +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Cash -€63,838
down €63,838 (-33.4%), from €190,890 to €127,051
mainly Contributions, distributions and other (-€648,344) and Current investments (-€100,000)
- Receivables within one year +€60,923
up €60,923 (+189.6%), from €32,127 to €93,050
of which Trade receivables: +€68,920
- Tangible fixed assets -€14,494
down €14,494 (-24.3%), from €59,767 to €45,273
of which Furniture and vehicles: -€15,141
- Other debts +€529,047
up €529,047 (+3527.0%), from €15,000 to €544,047
- Reserves -€455,706
no longer reported in 2025 (was €455,706)
- Tax, wage and social debts +€6,372
up €6,372 (+68.5%), from €9,302 to €15,675
- Gross operating margin +€59,004
up €59,004 (+28.4%), from €207,709 to €266,714
- Taxes +€11,692
up €11,692 (+24.0%), from €48,636 to €60,328
- Depreciation +€4,897
up €4,897 (+42.5%), from €11,525 to €16,422
- Financial income -€4,086
down €4,086 (-50.6%), from €8,082 to €3,996
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 | €487,325 | €570,362 | +€83,038 | +17.0% |
| Fixed assets | 21/28 | €61,042 | €46,548 | -€14,494 | -23.7% |
| Tangible fixed assets | 22/27 | €59,767 | €45,273 | -€14,494 | -24.3% |
| Furniture and vehicles | 24 | €59,767 | €44,627 | -€15,141 | -25.3% |
| Other tangible fixed assets | 26 | - | €647 | +€647 | |
| Financial fixed assets | 28 | €1,275 | €1,275 | = | 0.0% |
| Current assets | 29/58 | €426,282 | €523,814 | +€97,532 | +22.9% |
| Amounts receivable within one year | 40/41 | €32,127 | €93,050 | +€60,923 | +189.6% |
| Trade receivables | 40 | €24,130 | €93,050 | +€68,920 | +285.6% |
| Other amounts receivable | 41 | €7,997 | - | -€7,997 | |
| Current investments | 50/53 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €190,890 | €127,051 | -€63,838 | -33.4% |
| Deferred charges and accrued income | 490/1 | €3,265 | €3,713 | +€447 | +13.7% |
| Total equity and liabilities | 10/49 | €487,325 | €570,362 | +€83,038 | +17.0% |
| Equity | 10/15 | €456,706 | €1,000 | -€455,706 | -99.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €455,706 | - | -€455,706 | |
| Distributable reserves | 133 | €455,706 | - | -€455,706 | |
| Amounts payable | 17/49 | €30,619 | €569,362 | +€538,743 | +1759.5% |
| Amounts payable within one year | 42/48 | €30,556 | €569,362 | +€538,806 | +1763.3% |
| Trade debts | 44 | €6,254 | €9,640 | +€3,387 | +54.2% |
| Suppliers | 440/4 | €6,254 | €9,640 | +€3,387 | +54.2% |
| Taxes, remuneration and social security | 45 | €9,302 | €15,675 | +€6,372 | +68.5% |
| Taxes | 450/3 | €9,302 | €15,675 | +€6,372 | +68.5% |
| Other amounts payable | 47/48 | €15,000 | €544,047 | +€529,047 | +3527.0% |
| Accrued charges and deferred income | 492/3 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,525 | €16,422 | +€4,897 | +42.5% |
| Other operating charges | 640/8 | €762 | €845 | +€83 | +10.9% |
| Gross operating margin | 9900 | €207,709 | €266,714 | +€59,004 | +28.4% |
| Operating profit (loss) | 9901 | €195,422 | €249,447 | +€54,024 | +27.6% |
| Financial income | 75/76B | €8,082 | €3,996 | -€4,086 | -50.6% |
| Recurring financial income | 75 | €8,082 | €3,996 | -€4,086 | -50.6% |
| Financial charges | 65/66B | €438 | €476 | +€38 | +8.7% |
| Recurring financial charges | 65 | €438 | €476 | +€38 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €203,066 | €252,966 | +€49,900 | +24.6% |
| Income taxes | 67/77 | €48,636 | €60,328 | +€11,692 | +24.0% |
| Profit (loss) for the period | 9904 | €154,430 | €192,638 | +€38,208 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €154,430 | €192,638 | +€38,208 | +24.7% |
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 6 October 2026 via checked.be.