Santon Vastgoed: 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.
Santon Vastgoed
Largest movements
- Cash +€24,868
up €24,868 (+13.3%), from €186,470 to €211,338
mainly Net result for the year (+€70,165) and Other debts (+€8,615)
- Receivables within one year +€3,640
up €3,640 (+117%), from €3,109 to €6,749
of which Other amounts receivable: +€2,760
- Reserves +€17,410
up €17,410 (+9.9%), from €175,920 to €193,330
- Other debts +€8,615
up €8,615 (+22,244%), from €39 to €8,654
- Trade debts -€4,084
down €4,084 (-69.2%), from €5,901 to €1,817
- Tax, wage and social debts +€3,418
up €3,418 (+42.7%), from €8,000 to €11,418
of which Taxes: +€3,391
- Gross operating margin +€42,001
up €42,001 (+75.3%), from €55,813 to €97,814
- Taxes +€11,209
up €11,209 (+70.9%), from €15,807 to €27,016
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 | €196,200 | €221,593 | +€25,393 | +12.9% |
| Fixed assets | 21/28 | €3,790 | €2,408 | -€1,382 | -36.5% |
| Tangible fixed assets | 22/27 | €3,790 | €2,408 | -€1,382 | -36.5% |
| Plant, machinery and equipment | 23 | €3,790 | €2,408 | -€1,382 | -36.5% |
| Current assets | 29/58 | €192,409 | €219,185 | +€26,776 | +13.9% |
| Amounts receivable within one year | 40/41 | €3,109 | €6,749 | +€3,640 | +117% |
| Trade receivables | 40 | €144 | €1,023 | +€880 | +612% |
| Other amounts receivable | 41 | €2,966 | €5,726 | +€2,760 | +93.1% |
| Cash at bank and in hand | 54/58 | €186,470 | €211,338 | +€24,868 | +13.3% |
| Deferred charges and accrued income | 490/1 | €2,830 | €1,097 | -€1,732 | -61.2% |
| Total equity and liabilities | 10/49 | €196,200 | €221,593 | +€25,393 | +12.9% |
| Equity | 10/15 | €182,224 | €199,639 | +€17,415 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €175,920 | €193,330 | +€17,410 | +9.9% |
| Distributable reserves | 133 | €175,920 | €193,330 | +€17,410 | +9.9% |
| Profit (loss) carried forward | 14 | €104 | €109 | +€5 | +5.0% |
| Amounts payable | 17/49 | €13,976 | €21,954 | +€7,978 | +57.1% |
| Amounts payable within one year | 42/48 | €13,940 | €21,889 | +€7,949 | +57.0% |
| Trade debts | 44 | €5,901 | €1,817 | -€4,084 | -69.2% |
| Suppliers | 440/4 | €5,901 | €1,817 | -€4,084 | -69.2% |
| Taxes, remuneration and social security | 45 | €8,000 | €11,418 | +€3,418 | +42.7% |
| Taxes | 450/3 | €5,290 | €8,681 | +€3,391 | +64.1% |
| Remuneration and social security | 454/9 | €2,710 | €2,736 | +€27 | +1.0% |
| Other amounts payable | 47/48 | €39 | €8,654 | +€8,615 | +22,244% |
| Accrued charges and deferred income | 492/3 | €36 | €65 | +€29 | +81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €1,382 | +€306 | +28.4% |
| Other operating charges | 640/8 | €590 | €723 | +€133 | +22.6% |
| Gross operating margin | 9900 | €55,813 | €97,814 | +€42,001 | +75.3% |
| Operating profit (loss) | 9901 | €54,147 | €95,709 | +€41,562 | +76.8% |
| Financial income | 75/76B | €2,092 | €1,568 | -€523 | -25.0% |
| Recurring financial income | 75 | €2,092 | €1,568 | -€523 | -25.0% |
| Financial charges | 65/66B | €103 | €96 | -€8 | -7.6% |
| Recurring financial charges | 65 | €103 | €96 | -€8 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €56,135 | €97,181 | +€41,046 | +73.1% |
| Income taxes | 67/77 | €15,807 | €27,016 | +€11,209 | +70.9% |
| Profit (loss) for the period | 9904 | €40,328 | €70,165 | +€29,837 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,328 | €70,165 | +€29,837 | +74.0% |
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.