SANTINEL: 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.
SANTINEL
Largest movements
- Cash +€86,112
up €86,112 (+33.1%), from €260,391 to €346,503
mainly Trade debts (+€42,112) and Net result for the year (+€22,096)
- Trade debts +€42,112
up €42,112 (+198.3%), from €21,238 to €63,351
- Profit (loss) carried forward +€22,096
up €22,096 (+3.4%), from €653,053 to €675,149
- Other debts +€20,155
up €20,155 (+13.0%), from €155,179 to €175,335
- Gross operating margin -€62,858
down €62,858 (-66.5%), from €94,556 to €31,698
- Taxes -€16,210
down €16,210 (-68.8%), from €23,576 to €7,365
- Other operating charges +€2,003
new in 2025: €2,003
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 | €829,471 | €913,834 | +€84,364 | +10.2% |
| Current assets | 29/58 | €829,471 | €913,834 | +€84,364 | +10.2% |
| Stocks and contracts in progress | 3 | €490 | - | -€490 | |
| Stocks | 30/36 | €490 | - | -€490 | |
| Amounts receivable within one year | 40/41 | €568,590 | €567,331 | -€1,258 | -0.2% |
| Trade receivables | 40 | €57,549 | €42,406 | -€15,142 | -26.3% |
| Other amounts receivable | 41 | €511,041 | €524,925 | +€13,884 | +2.7% |
| Cash at bank and in hand | 54/58 | €260,391 | €346,503 | +€86,112 | +33.1% |
| Total equity and liabilities | 10/49 | €829,471 | €913,834 | +€84,364 | +10.2% |
| Equity | 10/15 | €653,053 | €675,149 | +€22,096 | +3.4% |
| Profit (loss) carried forward | 14 | €653,053 | €675,149 | +€22,096 | +3.4% |
| Amounts payable | 17/49 | €176,418 | €238,685 | +€62,268 | +35.3% |
| Amounts payable within one year | 42/48 | €176,418 | €238,685 | +€62,268 | +35.3% |
| Trade debts | 44 | €21,238 | €63,351 | +€42,112 | +198.3% |
| Suppliers | 440/4 | €21,238 | €63,351 | +€42,112 | +198.3% |
| Other amounts payable | 47/48 | €155,179 | €175,335 | +€20,155 | +13.0% |
| Other operating charges | 640/8 | - | €2,003 | +€2,003 | |
| Gross operating margin | 9900 | €94,556 | €31,698 | -€62,858 | -66.5% |
| Operating profit (loss) | 9901 | €94,556 | €29,695 | -€64,862 | -68.6% |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.6% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.6% |
| Financial charges | 65/66B | €300 | €233 | -€67 | -22.2% |
| Recurring financial charges | 65 | €300 | €233 | -€67 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €94,296 | €29,461 | -€64,835 | -68.8% |
| Income taxes | 67/77 | €23,576 | €7,365 | -€16,210 | -68.8% |
| Profit (loss) for the period | 9904 | €70,721 | €22,096 | -€48,624 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,721 | €22,096 | -€48,624 | -68.8% |
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 7 October 2026 via checked.be.