Santo: 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.
Santo
Largest movements
- Receivables within one year -€80,039
down €80,039 (-68.2%), from €117,439 to €37,400
of which Trade receivables: -€79,560
- Tangible fixed assets +€53,771
up €53,771 (+40.1%), from €133,979 to €187,750
- Cash +€44,861
up €44,861 (+119.3%), from €37,612 to €82,473
mainly Receivables within one year (+€80,039) and Trade debts (+€28,070)
- Profit (loss) carried forward -€30,265
down €30,265 (-78.7%), from -€38,453 to -€68,718
- Trade debts +€28,070
up €28,070 (+219.3%), from €12,800 to €40,870
- Tax, wage and social debts +€17,113
up €17,113 (+195.0%), from €8,775 to €25,887
of which Taxes: +€21,141
- Other debts +€11,691
up €11,691 (+9.4%), from €124,293 to €135,984
- Debts after one year -€5,000
down €5,000 (-3.1%), from €160,000 to €155,000
- Gross operating margin +€169,248
up €169,248, from -€28,835 to €140,413
- Staff costs +€107,553
up €107,553 (+263.8%), from €40,770 to €148,323
- Depreciation +€16,235
up €16,235 (+888.7%), from €1,827 to €18,062
- Other operating charges +€2,322
up €2,322 (+152.9%), from €1,519 to €3,841
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,030 | €307,623 | +€18,593 | +6.4% |
| Fixed assets | 21/28 | €133,979 | €187,750 | +€53,771 | +40.1% |
| Tangible fixed assets | 22/27 | €133,979 | €187,750 | +€53,771 | +40.1% |
| Land and buildings | 22 | €105,325 | €131,423 | +€26,098 | +24.8% |
| Plant, machinery and equipment | 23 | €14,292 | €31,270 | +€16,978 | +118.8% |
| Furniture and vehicles | 24 | €14,363 | €25,058 | +€10,695 | +74.5% |
| Current assets | 29/58 | €155,051 | €119,873 | -€35,178 | -22.7% |
| Amounts receivable within one year | 40/41 | €117,439 | €37,400 | -€80,039 | -68.2% |
| Trade receivables | 40 | €116,960 | €37,400 | -€79,560 | -68.0% |
| Other amounts receivable | 41 | €479 | - | -€479 | |
| Cash at bank and in hand | 54/58 | €37,612 | €82,473 | +€44,861 | +119.3% |
| Total equity and liabilities | 10/49 | €289,030 | €307,623 | +€18,593 | +6.4% |
| Equity | 10/15 | -€19,853 | -€50,118 | -€30,265 | -152.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,453 | -€68,718 | -€30,265 | -78.7% |
| Amounts payable | 17/49 | €308,883 | €357,740 | +€48,858 | +15.8% |
| Amounts payable after more than one year | 17 | €160,000 | €155,000 | -€5,000 | -3.1% |
| Financial debts | 170/4 | €160,000 | €155,000 | -€5,000 | -3.1% |
| Amounts payable within one year | 42/48 | €145,867 | €202,740 | +€56,874 | +39.0% |
| Trade debts | 44 | €12,800 | €40,870 | +€28,070 | +219.3% |
| Suppliers | 440/4 | €12,800 | €40,870 | +€28,070 | +219.3% |
| Taxes, remuneration and social security | 45 | €8,775 | €25,887 | +€17,113 | +195.0% |
| Taxes | 450/3 | €2,141 | €23,282 | +€21,141 | +987.6% |
| Remuneration and social security | 454/9 | €6,634 | €2,606 | -€4,028 | -60.7% |
| Other amounts payable | 47/48 | €124,293 | €135,984 | +€11,691 | +9.4% |
| Accrued charges and deferred income | 492/3 | €3,016 | - | -€3,016 | |
| Remuneration, social security and pensions | 62 | €40,770 | €148,323 | +€107,553 | +263.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,827 | €18,062 | +€16,235 | +888.7% |
| Other operating charges | 640/8 | €1,519 | €3,841 | +€2,322 | +152.9% |
| Gross operating margin | 9900 | -€28,835 | €140,413 | +€169,248 | |
| Operating profit (loss) | 9901 | -€72,950 | -€29,812 | +€43,138 | +59.1% |
| Financial income | 75/76B | €40 | €0 | -€40 | -100.0% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100.0% |
| Financial charges | 65/66B | €128 | €453 | +€324 | +252.2% |
| Recurring financial charges | 65 | €128 | €453 | +€324 | +252.2% |
| Profit (loss) for the period before taxes | 9903 | -€73,039 | -€30,265 | +€42,774 | +58.6% |
| Profit (loss) for the period | 9904 | -€73,039 | -€30,265 | +€42,774 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,039 | -€30,265 | +€42,774 | +58.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.