SANTONY: 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.
SANTONY
Largest movements
- Receivables within one year -€24,391
down €24,391 (-62.0%), from €39,313 to €14,922
of which Trade receivables: -€27,775
- Stocks and contracts +€2,301
up €2,301 (+1.7%), from €136,496 to €138,797
- Trade debts -€47,021
down €47,021 (-41.8%), from €112,597 to €65,575
- Current portion of long-term debt +€20,633
new in 2025: €20,633
- Profit (loss) carried forward +€5,241
up €5,241 (+18.6%), from €28,183 to €33,424
- Tax, wage and social debts -€3,960
down €3,960 (-30.3%), from €13,081 to €9,121
of which Remuneration and social security: -€5,022
- Gross operating margin +€2,861
up €2,861 (+2.8%), from €101,719 to €104,580
- Financial charges +€2,545
up €2,545 (+521%), from €489 to €3,034
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 | €191,321 | €168,004 | -€23,317 | -12.2% |
| Fixed assets | 21/28 | €2,981 | €2,014 | -€967 | -32.4% |
| Tangible fixed assets | 22/27 | €2,034 | €1,067 | -€967 | -47.5% |
| Plant, machinery and equipment | 23 | €1,150 | €600 | -€550 | -47.8% |
| Furniture and vehicles | 24 | €884 | €467 | -€417 | -47.2% |
| Financial fixed assets | 28 | €947 | €947 | = | 0.0% |
| Current assets | 29/58 | €188,340 | €165,990 | -€22,350 | -11.9% |
| Stocks and contracts in progress | 3 | €136,496 | €138,797 | +€2,301 | +1.7% |
| Stocks | 30/36 | €136,496 | €138,797 | +€2,301 | +1.7% |
| Amounts receivable within one year | 40/41 | €39,313 | €14,922 | -€24,391 | -62.0% |
| Trade receivables | 40 | €39,313 | €11,538 | -€27,775 | -70.7% |
| Other amounts receivable | 41 | - | €3,384 | +€3,384 | |
| Cash at bank and in hand | 54/58 | €11,830 | €11,610 | -€219 | -1.9% |
| Deferred charges and accrued income | 490/1 | €701 | €661 | -€40 | -5.7% |
| Total equity and liabilities | 10/49 | €191,321 | €168,004 | -€23,317 | -12.2% |
| Equity | 10/15 | €48,643 | €53,884 | +€5,241 | +10.8% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €28,183 | €33,424 | +€5,241 | +18.6% |
| Amounts payable | 17/49 | €142,678 | €114,120 | -€28,558 | -20.0% |
| Amounts payable after more than one year | 17 | €17,000 | €18,791 | +€1,791 | +10.5% |
| Financial debts | 170/4 | - | €1,791 | +€1,791 | |
| Other amounts payable | 178/9 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,678 | €95,329 | -€30,348 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | - | €20,633 | +€20,633 | |
| Trade debts | 44 | €112,597 | €65,575 | -€47,021 | -41.8% |
| Suppliers | 440/4 | €112,597 | €65,575 | -€47,021 | -41.8% |
| Taxes, remuneration and social security | 45 | €13,081 | €9,121 | -€3,960 | -30.3% |
| Taxes | 450/3 | €8,059 | €9,121 | +€1,062 | +13.2% |
| Remuneration and social security | 454/9 | €5,022 | - | -€5,022 | |
| Remuneration, social security and pensions | 62 | €91,343 | €91,160 | -€184 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €967 | -€218 | -18.4% |
| Other operating charges | 640/8 | €2,050 | €2,728 | +€678 | +33.1% |
| Gross operating margin | 9900 | €101,719 | €104,580 | +€2,861 | +2.8% |
| Operating profit (loss) | 9901 | €7,140 | €9,725 | +€2,585 | +36.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €489 | €3,034 | +€2,545 | +521% |
| Recurring financial charges | 65 | €489 | €3,034 | +€2,545 | +521% |
| Profit (loss) for the period before taxes | 9903 | €6,651 | €6,691 | +€40 | +0.6% |
| Income taxes | 67/77 | €1,120 | €1,450 | +€330 | +29.4% |
| Profit (loss) for the period | 9904 | €5,531 | €5,241 | -€290 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,531 | €5,241 | -€290 | -5.2% |
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 14 October 2026 via checked.be.