SANTIS: 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.
SANTIS
Largest movements
- Cash +€53,670
up €53,670 (+31.5%), from €170,390 to €224,061
mainly Other debts (+€20,624) and Current investments (+€19,810)
- Current investments -€19,810
down €19,810 (-22.3%), from €88,659 to €68,850
- Other debts +€20,624
up €20,624 (+3.5%), from €583,369 to €603,992
- Gross operating margin +€2,966
up €2,966 (+9.6%), from €31,037 to €34,003
- Taxes +€640
up €640 (+775.3%), from €82 to €722
- Financial income -€544
down €544 (-18.9%), from €2,878 to €2,333
- Financial charges +€472
up €472 (+1.4%), from €32,758 to €33,230
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 | €1,330,385 | €1,350,497 | +€20,112 | +1.5% |
| Fixed assets | 21/28 | €642,756 | €642,382 | -€374 | -0.1% |
| Intangible fixed assets | 21 | €203 | €149 | -€54 | -26.5% |
| Tangible fixed assets | 22/27 | €571 | €250 | -€321 | -56.2% |
| Furniture and vehicles | 24 | €571 | €250 | -€321 | -56.2% |
| Financial fixed assets | 28 | €641,982 | €641,982 | = | 0.0% |
| Current assets | 29/58 | €687,628 | €708,115 | +€20,487 | +3.0% |
| Amounts receivable within one year | 40/41 | €427,637 | €414,337 | -€13,300 | -3.1% |
| Trade receivables | 40 | €58,569 | €48,721 | -€9,849 | -16.8% |
| Other amounts receivable | 41 | €369,067 | €365,616 | -€3,451 | -0.9% |
| Current investments | 50/53 | €88,659 | €68,850 | -€19,810 | -22.3% |
| Cash at bank and in hand | 54/58 | €170,390 | €224,061 | +€53,670 | +31.5% |
| Deferred charges and accrued income | 490/1 | €942 | €868 | -€74 | -7.9% |
| Total equity and liabilities | 10/49 | €1,330,385 | €1,350,497 | +€20,112 | +1.5% |
| Equity | 10/15 | €672,509 | €674,204 | +€1,696 | +0.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €298,463 | €300,158 | +€1,696 | +0.6% |
| Distributable reserves | 133 | €298,463 | €300,158 | +€1,696 | +0.6% |
| Profit (loss) carried forward | 14 | €354,046 | €354,046 | = | 0.0% |
| Amounts payable | 17/49 | €657,876 | €676,293 | +€18,417 | +2.8% |
| Amounts payable within one year | 42/48 | €657,566 | €676,228 | +€18,662 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €2,833 | €1,667 | -€1,167 | -41.2% |
| Financial debts | 43 | €56,986 | €56,986 | = | 0.0% |
| Other loans | 439 | €56,986 | €56,986 | = | 0.0% |
| Trade debts | 44 | €1,543 | €942 | -€602 | -39.0% |
| Suppliers | 440/4 | €1,543 | €942 | -€602 | -39.0% |
| Taxes, remuneration and social security | 45 | €12,835 | €12,641 | -€194 | -1.5% |
| Taxes | 450/3 | €12,835 | €12,641 | -€194 | -1.5% |
| Other amounts payable | 47/48 | €583,369 | €603,992 | +€20,624 | +3.5% |
| Accrued charges and deferred income | 492/3 | €310 | €65 | -€245 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €374 | = | 0.0% |
| Other operating charges | 640/8 | €287 | €314 | +€27 | +9.6% |
| Non-recurring operating charges | 66A | €133 | €0 | -€133 | -100.0% |
| Gross operating margin | 9900 | €31,037 | €34,003 | +€2,966 | +9.6% |
| Operating profit (loss) | 9901 | €30,244 | €33,314 | +€3,071 | +10.2% |
| Financial income | 75/76B | €2,878 | €2,333 | -€544 | -18.9% |
| Recurring financial income | 75 | €2,878 | €2,333 | -€544 | -18.9% |
| Financial charges | 65/66B | €32,758 | €33,230 | +€472 | +1.4% |
| Recurring financial charges | 65 | €32,758 | €33,230 | +€472 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €363 | €2,418 | +€2,054 | +565.4% |
| Income taxes | 67/77 | €82 | €722 | +€640 | +775.3% |
| Profit (loss) for the period | 9904 | €281 | €1,696 | +€1,415 | +503.7% |
| Profit (loss) for the period to be appropriated | 9905 | €281 | €1,696 | +€1,415 | +503.7% |
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 29 September 2026 via checked.be.