AUTO SATELLITES: 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.
What changed
AUTO SATELLITES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · €6.5m+€53,763
Equity
€11.3m
2024 · €4.8m+€6.6m
Cash
€866,479
2024 · €566,975+€299,504
Balance sheet total
€38.5m
2024 · €35.7m+€2.9m
Largest movements
Assets
- Stocks and contracts +€3.1m
up €3.1m (+11.9%), from €26.2m to €29.3m
- Receivables within one year -€479,087
down €479,087 (-10.5%), from €4.6m to €4.1m
of which Trade receivables: -€507,497
Equity and liabilities
- Short-term financial debts -€7.3m
down €7.3m (-91.2%), from €8.0m to €704,129
- Profit (loss) carried forward +€6.6m
up €6.6m (+260%), from €2.5m to €9.1m
- Other debts +€2.9m
up €2.9m (+24.4%), from €11.9m to €14.7m
- Tax, wage and social debts +€550,221
up €550,221 (+11.9%), from €4.6m to €5.2m
of which Taxes: +€487,664
- Provisions +€417,308
up €417,308 (+20.4%), from €2.0m to €2.5m
Income statement
- Goods and materials +€6.3m
up €6.3m (+5.3%), from €118.1m to €124.4m
of which Purchases: +€8.4m
- Turnover +€5.3m
up €5.3m (+3.6%), from €146.1m to €151.4m
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.
Result 2024
€6.5m
Turnover
+€5.3m
Other operating income
+€670,856
Goods and materials
-€6.3m
Services and other goods
+€1.4m
Staff costs
-€451,612
Depreciation
-€66,477
Write-downs
-€215,338
Provisions
-€166,134
Other operating charges
+€49,653
Other operating items
-€118,046
Financial income
-€25,360
Financial charges
-€1,656
Taxes
-€26,648
Result 2025
€6.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€8.9m
Investment
-€844,660
Financing
-€7.8m
Cash 2024
€566,975
From operations (derived)
+€8.9m
Net result for the year
+€6.6m
Depreciation
+€951,666
Stocks and contracts
-€3.1m
Receivables within one year
+€479,087
Smaller working-capital items
+€592
Provisions
+€417,308
Trade debts
+€94,109
Tax, wage and social debts
+€550,221
Advances received
+€78,871
Other debts
+€2.9m
Investment (derived)
-€844,660
Investment in fixed assets (net)
-€844,660
Financing
-€7.8m
Debts after one year
-€387,938
Current portion of long-term debt
-€44,961
Short-term financial debts
-€7.3m
Cash 2025
€866,479
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,687,645 | €38,539,909 | +€2.9m | +8.0% |
| Fixed assets | 21/28 | €4,106,152 | €3,999,145 | -€107,006 | -2.6% |
| Intangible fixed assets | 21 | €568,918 | €748,853 | +€179,935 | +31.6% |
| Tangible fixed assets | 22/27 | €3,532,301 | €3,241,861 | -€290,440 | -8.2% |
| Plant, machinery and equipment | 23 | €307,087 | €373,978 | +€66,890 | +21.8% |
| Furniture and vehicles | 24 | €440,803 | €463,643 | +€22,840 | +5.2% |
| Other tangible fixed assets | 26 | €2,784,411 | €2,404,240 | -€380,170 | -13.7% |
| Financial fixed assets | 28 | €4,932 | €8,432 | +€3,499 | +70.9% |
| Other financial fixed assets | 284/8 | €4,932 | €8,432 | +€3,499 | +70.9% |
| Amounts receivable and cash guarantees | 285/8 | €4,932 | €8,432 | +€3,499 | +70.9% |
| Current assets | 29/58 | €31,581,494 | €34,540,764 | +€3.0m | +9.4% |
| Stocks and contracts in progress | 3 | €26,218,456 | €29,341,656 | +€3.1m | +11.9% |
| Stocks | 30/36 | €26,218,456 | €29,341,656 | +€3.1m | +11.9% |
| Goods purchased for resale | 34 | €26,218,456 | €29,341,656 | +€3.1m | +11.9% |
| Amounts receivable within one year | 40/41 | €4,559,209 | €4,080,122 | -€479,087 | -10.5% |
| Trade receivables | 40 | €4,552,930 | €4,045,433 | -€507,497 | -11.1% |
| Other amounts receivable | 41 | €6,279 | €34,689 | +€28,410 | +452% |
| Cash at bank and in hand | 54/58 | €566,975 | €866,479 | +€299,504 | +52.8% |
| Deferred charges and accrued income | 490/1 | €236,853 | €252,507 | +€15,653 | +6.6% |
| Total equity and liabilities | 10/49 | €35,687,645 | €38,539,909 | +€2.9m | +8.0% |
| Equity | 10/15 | €4,764,800 | €11,332,568 | +€6.6m | +138% |
| Contributions | 10/11 | €529,201 | €529,201 | = | 0.0% |
| Capital | 10 | €529,201 | €529,201 | = | 0.0% |
| Issued capital | 100 | €529,201 | €529,201 | = | 0.0% |
| Reserves | 13 | €1,711,154 | €1,711,154 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,920 | €52,920 | = | 0.0% |
| Legal reserve | 130 | €52,920 | €52,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,038,234 | €1,038,234 | = | 0.0% |
| Distributable reserves | 133 | €620,000 | €620,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,524,445 | €9,092,212 | +€6.6m | +260% |
| Provisions and deferred taxes | 16 | €2,048,366 | €2,465,674 | +€417,308 | +20.4% |
| Provisions for liabilities and charges | 160/5 | €2,048,366 | €2,465,674 | +€417,308 | +20.4% |
| Other liabilities and charges | 164/5 | €2,048,366 | €2,465,674 | +€417,308 | +20.4% |
| Amounts payable | 17/49 | €28,874,479 | €24,741,667 | -€4.1m | -14.3% |
| Amounts payable after more than one year | 17 | €1,186,729 | €798,791 | -€387,938 | -32.7% |
| Financial debts | 170/4 | €1,186,729 | €798,791 | -€387,938 | -32.7% |
| Credit institutions | 173 | €1,186,729 | €798,791 | -€387,938 | -32.7% |
| Amounts payable within one year | 42/48 | €27,662,875 | €23,901,755 | -€3.8m | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €432,899 | €387,938 | -€44,961 | -10.4% |
| Financial debts | 43 | €8,031,634 | €704,129 | -€7.3m | -91.2% |
| Credit institutions | 430/8 | €8,031,634 | €704,129 | -€7.3m | -91.2% |
| Trade debts | 44 | €2,012,989 | €2,107,098 | +€94,109 | +4.7% |
| Suppliers | 440/4 | €2,012,989 | €2,107,098 | +€94,109 | +4.7% |
| Advances received on contracts in progress | 46 | €714,575 | €793,446 | +€78,871 | +11.0% |
| Taxes, remuneration and social security | 45 | €4,619,654 | €5,169,876 | +€550,221 | +11.9% |
| Taxes | 450/3 | €2,730,139 | €3,217,804 | +€487,664 | +17.9% |
| Remuneration and social security | 454/9 | €1,889,515 | €1,952,072 | +€62,557 | +3.3% |
| Other amounts payable | 47/48 | €11,851,123 | €14,739,269 | +€2.9m | +24.4% |
| Accrued charges and deferred income | 492/3 | €24,876 | €41,121 | +€16,246 | +65.3% |
| Operating income | 70/76A | €149,873,027 | €155,804,058 | +€5.9m | +4.0% |
| Turnover | 70 | €146,100,979 | €151,361,155 | +€5.3m | +3.6% |
| Other operating income | 74 | €3,772,048 | €4,442,903 | +€670,856 | +17.8% |
| Operating charges | 60/66A | €140,361,420 | €146,185,024 | +€5.8m | +4.1% |
| Goods for resale, raw materials and consumables | 60 | €118,093,844 | €124,397,883 | +€6.3m | +5.3% |
| Purchases | 600/8 | €119,205,145 | €127,631,104 | +€8.4m | +7.1% |
| Change in stocks: decrease (increase) | 609 | -€1,111,301 | -€3,233,221 | -€2.1m | -191% |
| Services and other goods | 61 | €9,593,006 | €8,144,618 | -€1.4m | -15.1% |
| Remuneration, social security and pensions | 62 | €11,369,668 | €11,821,280 | +€451,612 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €885,190 | €951,666 | +€66,477 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€104,724 | €110,613 | +€215,338 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €251,174 | €417,308 | +€166,134 | +66.1% |
| Other operating charges | 640/8 | €273,262 | €223,609 | -€49,653 | -18.2% |
| Non-recurring operating charges | 66A | €0 | €118,046 | +€118,046 | |
| Operating profit (loss) | 9901 | €9,511,606 | €9,619,034 | +€107,428 | +1.1% |
| Financial income | 75/76B | €76,901 | €51,541 | -€25,360 | -33.0% |
| Recurring financial income | 75 | €76,901 | €51,541 | -€25,360 | -33.0% |
| Income from current assets | 751 | €0 | €30,149 | +€30,149 | |
| Other financial income | 752/9 | €76,901 | €21,391 | -€55,509 | -72.2% |
| Financial charges | 65/66B | €830,712 | €832,368 | +€1,656 | +0.2% |
| Recurring financial charges | 65 | €830,712 | €832,368 | +€1,656 | +0.2% |
| Debt charges | 650 | €829,190 | €830,684 | +€1,494 | +0.2% |
| Other financial charges | 652/9 | €1,522 | €1,684 | +€162 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €8,757,795 | €8,838,207 | +€80,412 | +0.9% |
| Income taxes | 67/77 | €2,243,790 | €2,270,439 | +€26,648 | +1.2% |
| Taxes | 670/3 | €2,245,000 | €2,270,439 | +€25,439 | +1.1% |
| Tax adjustments and reversals of tax provisions | 77 | €1,210 | €0 | -€1,210 | -100% |
| Profit (loss) for the period | 9904 | €6,514,005 | €6,567,768 | +€53,763 | +0.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €6,514,005 | €6,567,768 | +€53,763 | +0.8% |
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 24 October 2026 via checked.be.