SANTOK: 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.
SANTOK
Largest movements
- Receivables within one year +€125,253
up €125,253 (+420.5%), from €29,784 to €155,037
of which Trade receivables: +€116,089
- Tangible fixed assets +€49,985
new in 2025: €49,985
- Cash -€10,274
down €10,274 (-66.2%), from €15,509 to €5,235
mainly Receivables within one year (-€125,253) and Investment in fixed assets (net) (-€54,559)
- Deferred charges and accrued income +€3,687
new in 2025: €3,687
- Reserves +€135,012
up €135,012 (+728.8%), from €18,526 to €153,539
- Tax, wage and social debts +€44,475
up €44,475 (+324.9%), from €13,687 to €58,162
- Trade debts -€5,836
down €5,836 (-82.4%), from €7,080 to €1,244
- Other debts -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Gross operating margin +€154,811
up €154,811 (+668.0%), from €23,176 to €177,987
- Taxes +€33,706
up €33,706 (+727.8%), from €4,632 to €38,338
- Depreciation +€4,574
new in 2025: €4,574
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 | €45,293 | €213,944 | +€168,651 | +372.4% |
| Fixed assets | 21/28 | - | €49,985 | +€49,985 | |
| Tangible fixed assets | 22/27 | - | €49,985 | +€49,985 | |
| Furniture and vehicles | 24 | - | €49,985 | +€49,985 | |
| Current assets | 29/58 | €45,293 | €163,959 | +€118,667 | +262.0% |
| Amounts receivable within one year | 40/41 | €29,784 | €155,037 | +€125,253 | +420.5% |
| Trade receivables | 40 | €28,629 | €144,718 | +€116,089 | +405.5% |
| Other amounts receivable | 41 | €1,155 | €10,318 | +€9,164 | +793.7% |
| Cash at bank and in hand | 54/58 | €15,509 | €5,235 | -€10,274 | -66.2% |
| Deferred charges and accrued income | 490/1 | - | €3,687 | +€3,687 | |
| Total equity and liabilities | 10/49 | €45,293 | €213,944 | +€168,651 | +372.4% |
| Equity | 10/15 | €19,526 | €154,539 | +€135,012 | +691.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,526 | €153,539 | +€135,012 | +728.8% |
| Distributable reserves | 133 | €18,526 | €153,539 | +€135,012 | +728.8% |
| Amounts payable | 17/49 | €25,766 | €59,405 | +€33,639 | +130.6% |
| Amounts payable within one year | 42/48 | €25,766 | €59,405 | +€33,639 | +130.6% |
| Trade debts | 44 | €7,080 | €1,244 | -€5,836 | -82.4% |
| Suppliers | 440/4 | €7,080 | €1,244 | -€5,836 | -82.4% |
| Taxes, remuneration and social security | 45 | €13,687 | €58,162 | +€44,475 | +324.9% |
| Taxes | 450/3 | €13,687 | €58,162 | +€44,475 | +324.9% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,574 | +€4,574 | |
| Other operating charges | 640/8 | - | €254 | +€254 | |
| Gross operating margin | 9900 | €23,176 | €177,987 | +€154,811 | +668.0% |
| Operating profit (loss) | 9901 | €23,176 | €173,159 | +€149,983 | +647.2% |
| Financial income | 75/76B | €10 | €342 | +€332 | +3499.2% |
| Recurring financial income | 75 | €10 | €342 | +€332 | +3499.2% |
| Financial charges | 65/66B | €28 | €151 | +€123 | +447.1% |
| Recurring financial charges | 65 | €28 | €151 | +€123 | +447.1% |
| Profit (loss) for the period before taxes | 9903 | €23,158 | €173,350 | +€150,192 | +648.6% |
| Income taxes | 67/77 | €4,632 | €38,338 | +€33,706 | +727.8% |
| Profit (loss) for the period | 9904 | €18,526 | €135,012 | +€116,486 | +628.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,526 | €135,012 | +€116,486 | +628.8% |
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 5 October 2026 via checked.be.