SANTOS DESIGN: 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.
SANTOS DESIGN
Largest movements
- Cash -€83,482
down €83,482 (-21.4%), from €390,980 to €307,498
mainly Contributions, distributions and other (-€63,000) and Receivables within one year (-€31,010)
- Tangible fixed assets -€60,561
down €60,561 (-15.8%), from €382,766 to €322,204
of which Land and buildings: -€34,886
- Receivables within one year +€31,010
up €31,010 (+58.0%), from €53,451 to €84,462
of which Trade receivables: +€40,074
- Stocks and contracts +€18,050
up €18,050 (+123%), from €14,655 to €32,705
- Profit (loss) carried forward -€30,000
down €30,000 (-8.7%), from €343,472 to €313,472
- Debts after one year -€27,273
down €27,273 (-95.6%), from €28,538 to €1,265
- Reserves -€17,107
down €17,107 (-6.0%), from €282,872 to €265,765
- Current portion of long-term debt -€13,266
down €13,266 (-32.7%), from €40,539 to €27,273
- Other debts +€10,788
up €10,788 (+21.3%), from €50,598 to €61,385
- Gross operating margin -€95,537
down €95,537 (-20.8%), from €458,559 to €363,022
- Taxes -€33,514
down €33,514 (-83.4%), from €40,205 to €6,691
- Staff costs +€17,835
up €17,835 (+7.2%), from €247,949 to €265,784
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 | €852,691 | €761,603 | -€91,088 | -10.7% |
| Fixed assets | 21/28 | €392,943 | €329,580 | -€63,363 | -16.1% |
| Tangible fixed assets | 22/27 | €382,766 | €322,204 | -€60,561 | -15.8% |
| Land and buildings | 22 | €288,074 | €253,189 | -€34,886 | -12.1% |
| Plant, machinery and equipment | 23 | €71,384 | €50,997 | -€20,387 | -28.6% |
| Furniture and vehicles | 24 | €23,308 | €18,019 | -€5,289 | -22.7% |
| Financial fixed assets | 28 | €10,178 | €7,376 | -€2,802 | -27.5% |
| Current assets | 29/58 | €459,747 | €432,022 | -€27,725 | -6.0% |
| Stocks and contracts in progress | 3 | €14,655 | €32,705 | +€18,050 | +123% |
| Stocks | 30/36 | €14,655 | €32,705 | +€18,050 | +123% |
| Amounts receivable within one year | 40/41 | €53,451 | €84,462 | +€31,010 | +58.0% |
| Trade receivables | 40 | €44,091 | €84,165 | +€40,074 | +90.9% |
| Other amounts receivable | 41 | €9,361 | €297 | -€9,064 | -96.8% |
| Cash at bank and in hand | 54/58 | €390,980 | €307,498 | -€83,482 | -21.4% |
| Deferred charges and accrued income | 490/1 | €661 | €7,357 | +€6,696 | +1,013% |
| Total equity and liabilities | 10/49 | €852,691 | €761,603 | -€91,088 | -10.7% |
| Equity | 10/15 | €632,542 | €585,435 | -€47,107 | -7.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €282,872 | €265,765 | -€17,107 | -6.0% |
| Distributable reserves | 133 | €282,872 | €265,765 | -€17,107 | -6.0% |
| Profit (loss) carried forward | 14 | €343,472 | €313,472 | -€30,000 | -8.7% |
| Amounts payable | 17/49 | €220,149 | €176,168 | -€43,981 | -20.0% |
| Amounts payable after more than one year | 17 | €28,538 | €1,265 | -€27,273 | -95.6% |
| Financial debts | 170/4 | €28,538 | €1,265 | -€27,273 | -95.6% |
| Amounts payable within one year | 42/48 | €189,895 | €174,799 | -€15,097 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €40,539 | €27,273 | -€13,266 | -32.7% |
| Trade debts | 44 | €40,114 | €43,087 | +€2,973 | +7.4% |
| Suppliers | 440/4 | €40,114 | €43,087 | +€2,973 | +7.4% |
| Advances received on contracts in progress | 46 | €9,437 | - | -€9,437 | |
| Taxes, remuneration and social security | 45 | €49,207 | €43,053 | -€6,154 | -12.5% |
| Taxes | 450/3 | €29,495 | €21,926 | -€7,569 | -25.7% |
| Remuneration and social security | 454/9 | €19,712 | €21,127 | +€1,415 | +7.2% |
| Other amounts payable | 47/48 | €50,598 | €61,385 | +€10,788 | +21.3% |
| Accrued charges and deferred income | 492/3 | €1,715 | €105 | -€1,611 | -93.9% |
| Remuneration, social security and pensions | 62 | €247,949 | €265,784 | +€17,835 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,908 | €63,479 | +€571 | +0.9% |
| Other operating charges | 640/8 | €9,451 | €9,380 | -€71 | -0.8% |
| Gross operating margin | 9900 | €458,559 | €363,022 | -€95,537 | -20.8% |
| Operating profit (loss) | 9901 | €138,251 | €24,379 | -€113,872 | -82.4% |
| Financial income | 75/76B | €477 | €157 | -€320 | -67.0% |
| Recurring financial income | 75 | €477 | €157 | -€320 | -67.0% |
| Financial charges | 65/66B | €2,978 | €1,952 | -€1,026 | -34.4% |
| Recurring financial charges | 65 | €2,978 | €1,952 | -€1,026 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €135,750 | €22,584 | -€113,166 | -83.4% |
| Income taxes | 67/77 | €40,205 | €6,691 | -€33,514 | -83.4% |
| Profit (loss) for the period | 9904 | €95,545 | €15,893 | -€79,652 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,545 | €15,893 | -€79,652 | -83.4% |
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 19 October 2026 via checked.be.