Santolina: what changed
Two financial 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.
Santolina
Largest movements
- Tangible fixed assets -€35,697
down €35,697 (-5.4%), from €662,178 to €626,482
of which Land and buildings: -€22,223
- Cash +€9,210
up €9,210 (+56.7%), from €16,233 to €25,443
mainly Depreciation (+€35,697) and Current portion of long-term debt (+€13,321)
- Debts after one year -€23,895
down €23,895 (-5.0%), from €476,148 to €452,253
- Current portion of long-term debt +€13,321
up €13,321 (+126%), from €10,574 to €23,895
- Tax, wage and social debts -€9,728
down €9,728 (-96.2%), from €10,113 to €385
- Other debts -€8,565
down €8,565 (-37.2%), from €23,053 to €14,487
- Gross operating margin +€12,992
up €12,992 (+25.6%), from €50,710 to €63,702
- Depreciation -€9,463
down €9,463 (-21.0%), from €45,160 to €35,697
- Financial income -€4,198
down €4,198 (-99.8%), from €4,205 to €7
- Other operating charges -€2,548
down €2,548 (-32.0%), from €7,953 to €5,405
- Financial charges +€1,210
up €1,210 (+6.2%), from €19,360 to €20,570
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.
Derived cash bridge
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 | €688,368 | €664,093 | -€24,275 | -3.5% |
| Fixed assets | 21/28 | €662,178 | €626,482 | -€35,697 | -5.4% |
| Tangible fixed assets | 22/27 | €662,178 | €626,482 | -€35,697 | -5.4% |
| Land and buildings | 22 | €642,354 | €620,131 | -€22,223 | -3.5% |
| Furniture and vehicles | 24 | €19,824 | €6,350 | -€13,474 | -68.0% |
| Current assets | 29/58 | €26,190 | €37,612 | +€11,421 | +43.6% |
| Amounts receivable within one year | 40/41 | €7,686 | €10,262 | +€2,576 | +33.5% |
| Trade receivables | 40 | €644 | €4,000 | +€3,356 | +521% |
| Other amounts receivable | 41 | €7,042 | €6,262 | -€780 | -11.1% |
| Cash at bank and in hand | 54/58 | €16,233 | €25,443 | +€9,210 | +56.7% |
| Deferred charges and accrued income | 490/1 | €2,271 | €1,907 | -€364 | -16.0% |
| Total equity and liabilities | 10/49 | €688,368 | €664,093 | -€24,275 | -3.5% |
| Equity | 10/15 | €161,453 | €163,304 | +€1,851 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,853 | €144,704 | +€1,851 | +1.3% |
| Distributable reserves | 133 | €142,853 | €144,704 | +€1,851 | +1.3% |
| Amounts payable | 17/49 | €526,915 | €500,789 | -€26,126 | -5.0% |
| Amounts payable after more than one year | 17 | €476,148 | €452,253 | -€23,895 | -5.0% |
| Financial debts | 170/4 | €476,148 | €452,253 | -€23,895 | -5.0% |
| Amounts payable within one year | 42/48 | €46,166 | €43,747 | -€2,419 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €10,574 | €23,895 | +€13,321 | +126% |
| Trade debts | 44 | €2,426 | €4,979 | +€2,553 | +105% |
| Suppliers | 440/4 | €2,426 | €4,979 | +€2,553 | +105% |
| Taxes, remuneration and social security | 45 | €10,113 | €385 | -€9,728 | -96.2% |
| Taxes | 450/3 | €10,113 | €385 | -€9,728 | -96.2% |
| Other amounts payable | 47/48 | €23,053 | €14,487 | -€8,565 | -37.2% |
| Accrued charges and deferred income | 492/3 | €4,601 | €4,790 | +€188 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,160 | €35,697 | -€9,463 | -21.0% |
| Other operating charges | 640/8 | €7,953 | €5,405 | -€2,548 | -32.0% |
| Gross operating margin | 9900 | €50,710 | €63,702 | +€12,992 | +25.6% |
| Operating profit (loss) | 9901 | -€2,403 | €22,601 | +€25,004 | |
| Financial income | 75/76B | €4,205 | €7 | -€4,198 | -99.8% |
| Recurring financial income | 75 | €4,205 | €7 | -€4,198 | -99.8% |
| Financial charges | 65/66B | €19,360 | €20,570 | +€1,210 | +6.2% |
| Recurring financial charges | 65 | €19,360 | €20,570 | +€1,210 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,558 | €2,038 | +€19,596 | |
| Income taxes | 67/77 | €205 | €187 | -€18 | -8.7% |
| Profit (loss) for the period | 9904 | -€17,763 | €1,851 | +€19,614 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,763 | €1,851 | +€19,614 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.