GROUPE 3 SAT: what changed
GROUPE 3 SAT
Largest movements
- Cash +€100,697
up €100,697 (+77.4%), from €130,073 to €230,770
mainly Deferred charges and accrued income (+€77,892) and Net result for the year (+€46,605)
- Deferred charges and accrued income -€77,892
down €77,892 (-64.3%), from €121,192 to €43,300
- Stocks and contracts +€15,354
new in 2025: €15,354
- Intangible fixed assets -€7,200
down €7,200 (-86.9%), from €8,285 to €1,085
- Tangible fixed assets -€6,259
down €6,259 (-28.1%), from €22,245 to €15,986
of which Furniture and vehicles: -€7,679
- Profit (loss) carried forward +€46,605
up €46,605 (+39.2%), from €118,939 to €165,544
- Trade debts -€27,618
down €27,618 (-35.0%), from €78,915 to €51,297
- Accrued charges and deferred income +€25,742
up €25,742 (+17.8%), from €144,800 to €170,543
- Debts after one year -€7,097
down €7,097 (-100%), from €7,097 to €0
- Tax, wage and social debts -€4,508
down €4,508 (-9.1%), from €49,492 to €44,984
of which Taxes: -€5,367
- Gross operating margin +€40,653
up €40,653 (+35.3%), from €115,280 to €155,933
- Staff costs -€4,656
down €4,656 (-5.0%), from €93,127 to €88,471
- Taxes +€3,906
up €3,906 (+2,140%), from €183 to €4,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,589 | €440,503 | +€28,914 | +7.0% |
| Fixed assets | 21/28 | €30,530 | €17,071 | -€13,459 | -44.1% |
| Intangible fixed assets | 21 | €8,285 | €1,085 | -€7,200 | -86.9% |
| Tangible fixed assets | 22/27 | €22,245 | €15,986 | -€6,259 | -28.1% |
| Plant, machinery and equipment | 23 | €995 | €730 | -€266 | -26.7% |
| Furniture and vehicles | 24 | €21,250 | €13,571 | -€7,679 | -36.1% |
| Other tangible fixed assets | 26 | - | €1,685 | +€1,685 | |
| Current assets | 29/58 | €381,059 | €423,432 | +€42,374 | +11.1% |
| Stocks and contracts in progress | 3 | - | €15,354 | +€15,354 | |
| Stocks | 30/36 | - | €15,354 | +€15,354 | |
| Amounts receivable within one year | 40/41 | €129,793 | €134,008 | +€4,214 | +3.2% |
| Trade receivables | 40 | €74,098 | €81,619 | +€7,521 | +10.1% |
| Other amounts receivable | 41 | €55,695 | €52,389 | -€3,306 | -5.9% |
| Cash at bank and in hand | 54/58 | €130,073 | €230,770 | +€100,697 | +77.4% |
| Deferred charges and accrued income | 490/1 | €121,192 | €43,300 | -€77,892 | -64.3% |
| Total equity and liabilities | 10/49 | €411,589 | €440,503 | +€28,914 | +7.0% |
| Equity | 10/15 | €119,439 | €166,044 | +€46,605 | +39.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,939 | €165,544 | +€46,605 | +39.2% |
| Amounts payable | 17/49 | €292,150 | €274,459 | -€17,691 | -6.1% |
| Amounts payable after more than one year | 17 | €7,097 | €0 | -€7,097 | -100% |
| Financial debts | 170/4 | €7,097 | €0 | -€7,097 | -100% |
| Amounts payable within one year | 42/48 | €140,252 | €103,917 | -€36,336 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €7,533 | €7,097 | -€436 | -5.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €78,915 | €51,297 | -€27,618 | -35.0% |
| Suppliers | 440/4 | €78,915 | €51,297 | -€27,618 | -35.0% |
| Taxes, remuneration and social security | 45 | €49,492 | €44,984 | -€4,508 | -9.1% |
| Taxes | 450/3 | €37,556 | €32,188 | -€5,367 | -14.3% |
| Remuneration and social security | 454/9 | €11,936 | €12,796 | +€860 | +7.2% |
| Other amounts payable | 47/48 | €4,313 | €539 | -€3,774 | -87.5% |
| Accrued charges and deferred income | 492/3 | €144,800 | €170,543 | +€25,742 | +17.8% |
| Remuneration, social security and pensions | 62 | €93,127 | €88,471 | -€4,656 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,482 | €15,289 | +€807 | +5.6% |
| Other operating charges | 640/8 | €846 | €630 | -€215 | -25.5% |
| Gross operating margin | 9900 | €115,280 | €155,933 | +€40,653 | +35.3% |
| Operating profit (loss) | 9901 | €6,826 | €51,542 | +€44,717 | +655% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,422 | €849 | -€573 | -40.3% |
| Recurring financial charges | 65 | €1,422 | €849 | -€573 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €5,404 | €50,693 | +€45,289 | +838% |
| Income taxes | 67/77 | €183 | €4,088 | +€3,906 | +2,140% |
| Profit (loss) for the period | 9904 | €5,221 | €46,605 | +€41,384 | +793% |
| Profit (loss) for the period to be appropriated | 9905 | €5,221 | €46,605 | +€41,384 | +793% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.