Santos: 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.
Santos
Largest movements
- Receivables within one year +€5,411
up €5,411 (+95100.0%), from €6 to €5,417
of which Trade receivables: +€5,417
- Cash -€4,541
down €4,541 (-25.5%), from €17,783 to €13,242
mainly Other debts (-€10,427) and Receivables within one year (-€5,411)
- Tangible fixed assets +€2,843
up €2,843 (+117.8%), from €2,413 to €5,257
of which Furniture and vehicles: +€5,257
- Deferred charges and accrued income -€259
down €259 (-100.0%), from €259 to €0
- Profit (loss) carried forward +€15,504
up €15,504 (+36.6%), from -€42,373 to -€26,869
- Other debts -€10,427
down €10,427 (-26.4%), from €39,566 to €29,138
- Trade debts -€1,788
down €1,788 (-95.8%), from €1,866 to €78
- Depreciation -€8,526
down €8,526 (-93.1%), from €9,156 to €629
- Gross operating margin -€1,818
down €1,818 (-8.6%), from €21,085 to €19,266
- Other operating charges +€1,239
up €1,239 (+68.3%), from €1,813 to €3,052
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
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 | €20,461 | €23,916 | +€3,455 | +16.9% |
| Fixed assets | 21/28 | €2,413 | €5,257 | +€2,843 | +117.8% |
| Tangible fixed assets | 22/27 | €2,413 | €5,257 | +€2,843 | +117.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,413 | €0 | -€2,413 | -100.0% |
| Furniture and vehicles | 24 | - | €5,257 | +€5,257 | |
| Current assets | 29/58 | €18,048 | €18,659 | +€611 | +3.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6 | €5,417 | +€5,411 | +95100.0% |
| Trade receivables | 40 | - | €5,417 | +€5,417 | |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,783 | €13,242 | -€4,541 | -25.5% |
| Deferred charges and accrued income | 490/1 | €259 | €0 | -€259 | -100.0% |
| Total equity and liabilities | 10/49 | €20,461 | €23,916 | +€3,455 | +16.9% |
| Equity | 10/15 | -€23,773 | -€8,269 | +€15,504 | +65.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,373 | -€26,869 | +€15,504 | +36.6% |
| Amounts payable | 17/49 | €44,234 | €32,185 | -€12,049 | -27.2% |
| Amounts payable within one year | 42/48 | €43,850 | €31,785 | -€12,065 | -27.5% |
| Trade debts | 44 | €1,866 | €78 | -€1,788 | -95.8% |
| Suppliers | 440/4 | €1,866 | €78 | -€1,788 | -95.8% |
| Taxes, remuneration and social security | 45 | €2,418 | €2,569 | +€151 | +6.2% |
| Taxes | 450/3 | €2,418 | €2,569 | +€151 | +6.2% |
| Other amounts payable | 47/48 | €39,566 | €29,138 | -€10,427 | -26.4% |
| Accrued charges and deferred income | 492/3 | €384 | €400 | +€15 | +4.0% |
| Remuneration, social security and pensions | 62 | €91 | €0 | -€91 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,156 | €629 | -€8,526 | -93.1% |
| Other operating charges | 640/8 | €1,813 | €3,052 | +€1,239 | +68.3% |
| Gross operating margin | 9900 | €21,085 | €19,266 | -€1,818 | -8.6% |
| Operating profit (loss) | 9901 | €10,025 | €15,585 | +€5,560 | +55.5% |
| Financial income | 75/76B | €19 | €0 | -€19 | -100.0% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -100.0% |
| Financial charges | 65/66B | €58 | €81 | +€23 | +39.4% |
| Recurring financial charges | 65 | €58 | €81 | +€23 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €9,986 | €15,504 | +€5,518 | +55.3% |
| Profit (loss) for the period | 9904 | €9,986 | €15,504 | +€5,518 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,986 | €15,504 | +€5,518 | +55.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.