Santorimmo: 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.
Santorimmo
Largest movements
- Receivables within one year +€37,650
up €37,650 (+10.4%), from €362,815 to €400,465
of which Trade receivables: +€42,959
- Tangible fixed assets -€35,397
down €35,397 (-7.5%), from €473,395 to €437,998
of which Land and buildings: -€32,014
- Other debts -€108,548
down €108,548 (-83.7%), from €129,625 to €21,078
- Reserves +€88,918
up €88,918 (+56.4%), from €157,659 to €246,576
- Tax, wage and social debts +€67,905
up €67,905 (+198.3%), from €34,242 to €102,146
of which Taxes: +€59,350
- Current portion of long-term debt -€37,076
down €37,076 (-87.9%), from €42,178 to €5,102
- Short-term financial debts -€13,150
down €13,150 (-27.8%), from €47,339 to €34,189
- Gross operating margin +€65,740
up €65,740 (+49.8%), from €132,032 to €197,771
- Taxes +€36,323
up €36,323 (+397.0%), from €9,148 to €45,472
- Staff costs -€25,252
no longer reported in 2025 (was €25,252)
- Other operating charges -€8,178
down €8,178 (-61.9%), from €13,216 to €5,038
- Financial charges -€3,631
down €3,631 (-13.7%), from €26,589 to €22,958
of which Financial charges: -€3,281
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,106 | €924,196 | +€2,090 | +0.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €558,395 | €522,998 | -€35,397 | -6.3% |
| Tangible fixed assets | 22/27 | €473,395 | €437,998 | -€35,397 | -7.5% |
| Land and buildings | 22 | €466,601 | €434,587 | -€32,014 | -6.9% |
| Plant, machinery and equipment | 23 | €4,884 | €2,314 | -€2,570 | -52.6% |
| Furniture and vehicles | 24 | €1,909 | €1,097 | -€812 | -42.5% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €363,711 | €401,197 | +€37,486 | +10.3% |
| Amounts receivable within one year | 40/41 | €362,815 | €400,465 | +€37,650 | +10.4% |
| Trade receivables | 40 | €357,044 | €400,003 | +€42,959 | +12.0% |
| Other amounts receivable | 41 | €5,771 | €462 | -€5,309 | -92.0% |
| Deferred charges and accrued income | 490/1 | €896 | €733 | -€163 | -18.2% |
| Total equity and liabilities | 10/49 | €922,106 | €924,196 | +€2,090 | +0.2% |
| Equity | 10/15 | €246,259 | €335,176 | +€88,918 | +36.1% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €157,659 | €246,576 | +€88,918 | +56.4% |
| Distributable reserves | 133 | €157,659 | €246,576 | +€88,918 | +56.4% |
| Amounts payable | 17/49 | €675,847 | €589,019 | -€86,828 | -12.8% |
| Amounts payable after more than one year | 17 | €384,127 | €384,127 | = | 0.0% |
| Financial debts | 170/4 | €384,127 | €384,127 | = | 0.0% |
| Amounts payable within one year | 42/48 | €291,644 | €204,141 | -€87,503 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €42,178 | €5,102 | -€37,076 | -87.9% |
| Financial debts | 43 | €47,339 | €34,189 | -€13,150 | -27.8% |
| Credit institutions | 430/8 | €47,339 | €34,189 | -€13,150 | -27.8% |
| Trade debts | 44 | €38,260 | €41,626 | +€3,366 | +8.8% |
| Suppliers | 440/4 | €38,260 | €41,626 | +€3,366 | +8.8% |
| Taxes, remuneration and social security | 45 | €34,242 | €102,146 | +€67,905 | +198.3% |
| Taxes | 450/3 | €32,871 | €92,221 | +€59,350 | +180.6% |
| Remuneration and social security | 454/9 | €1,371 | €9,926 | +€8,555 | +624.0% |
| Other amounts payable | 47/48 | €129,625 | €21,078 | -€108,548 | -83.7% |
| Accrued charges and deferred income | 492/3 | €77 | €752 | +€675 | +882.4% |
| Remuneration, social security and pensions | 62 | €25,252 | - | -€25,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,016 | €35,397 | -€2,620 | -6.9% |
| Other operating charges | 640/8 | €13,216 | €5,038 | -€8,178 | -61.9% |
| Non-recurring operating charges | 66A | €2,162 | - | -€2,162 | |
| Gross operating margin | 9900 | €132,032 | €197,771 | +€65,740 | +49.8% |
| Operating profit (loss) | 9901 | €53,386 | €157,337 | +€103,951 | +194.7% |
| Financial income | 75/76B | €121 | €10 | -€111 | -91.8% |
| Recurring financial income | 75 | €110 | €10 | -€100 | -91.0% |
| Non-recurring financial income | 76B | €11 | - | -€11 | |
| Financial charges | 65/66B | €26,589 | €22,958 | -€3,631 | -13.7% |
| Recurring financial charges | 65 | €26,239 | €22,958 | -€3,281 | -12.5% |
| Non-recurring financial charges | 66B | €350 | - | -€350 | |
| Profit (loss) for the period before taxes | 9903 | €26,918 | €134,389 | +€107,471 | +399.2% |
| Income taxes | 67/77 | €9,148 | €45,472 | +€36,323 | +397.0% |
| Profit (loss) for the period | 9904 | €17,770 | €88,918 | +€71,148 | +400.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,770 | €88,918 | +€71,148 | +400.4% |
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.