SANTORO: 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.
SANTORO
Largest movements
- Receivables within one year -€79,068
down €79,068 (-18.5%), from €427,989 to €348,921
of which Other amounts receivable: -€81,775
- Profit (loss) carried forward -€55,462
down €55,462 (-13.6%), from €406,598 to €351,136
- Tax, wage and social debts -€23,552
no longer reported in 2025 (was €23,552)
of which Remuneration and social security: -€14,969
- Gross operating margin -€97,198
down €97,198 (-99.1%), from €98,075 to €877
- Financial income +€18,279
new in 2025: €18,279
- Taxes +€8,639
new in 2025: €8,639
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 | €443,325 | €361,150 | -€82,175 | -18.5% |
| Fixed assets | 21/28 | €2,971 | €1,946 | -€1,025 | -34.5% |
| Tangible fixed assets | 22/27 | €2,946 | €1,921 | -€1,025 | -34.8% |
| Furniture and vehicles | 24 | €545 | - | -€545 | |
| Other tangible fixed assets | 26 | €2,401 | €1,921 | -€480 | -20.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €440,355 | €359,205 | -€81,150 | -18.4% |
| Amounts receivable within one year | 40/41 | €427,989 | €348,921 | -€79,068 | -18.5% |
| Trade receivables | 40 | €10,650 | €13,357 | +€2,707 | +25.4% |
| Other amounts receivable | 41 | €417,339 | €335,564 | -€81,775 | -19.6% |
| Cash at bank and in hand | 54/58 | €12,366 | €10,284 | -€2,082 | -16.8% |
| Total equity and liabilities | 10/49 | €443,325 | €361,150 | -€82,175 | -18.5% |
| Equity | 10/15 | €410,533 | €355,071 | -€55,462 | -13.5% |
| Reserves | 13 | €3,934 | €3,934 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,934 | €3,934 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,934 | €3,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,598 | €351,136 | -€55,462 | -13.6% |
| Amounts payable | 17/49 | €32,793 | €6,080 | -€26,713 | -81.5% |
| Amounts payable within one year | 42/48 | €32,793 | €6,080 | -€26,713 | -81.5% |
| Trade debts | 44 | €5,984 | €6,080 | +€96 | +1.6% |
| Suppliers | 440/4 | €5,984 | €6,080 | +€96 | +1.6% |
| Advances received on contracts in progress | 46 | €3,257 | - | -€3,257 | |
| Taxes, remuneration and social security | 45 | €23,552 | - | -€23,552 | |
| Taxes | 450/3 | €8,583 | - | -€8,583 | |
| Remuneration and social security | 454/9 | €14,969 | - | -€14,969 | |
| Remuneration, social security and pensions | 62 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €1,025 | +€753 | +276% |
| Other operating charges | 640/8 | €321 | €897 | +€576 | +180% |
| Gross operating margin | 9900 | €98,075 | €877 | -€97,198 | -99.1% |
| Operating profit (loss) | 9901 | €97,482 | -€1,069 | -€98,551 | |
| Financial income | 75/76B | - | €18,279 | +€18,279 | |
| Recurring financial income | 75 | - | €18,279 | +€18,279 | |
| Financial charges | 65/66B | €78 | €73 | -€5 | -6.0% |
| Recurring financial charges | 65 | €78 | €73 | -€5 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €97,404 | €17,137 | -€80,268 | -82.4% |
| Income taxes | 67/77 | - | €8,639 | +€8,639 | |
| Profit (loss) for the period | 9904 | €97,404 | €8,498 | -€88,906 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,404 | €8,498 | -€88,906 | -91.3% |
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 21 October 2026 via checked.be.