Immo SATO: 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.
Immo SATO
Largest movements
- Tangible fixed assets -€16,111
down €16,111 (-2.4%), from €668,925 to €652,814
of which Land and buildings: -€16,189
- Debts after one year -€28,948
down €28,948 (-5.8%), from €495,767 to €466,819
- Reserves +€7,388
up €7,388 (+44.7%), from €16,517 to €23,905
- Gross operating margin -€10,729
down €10,729 (-16.7%), from €64,295 to €53,566
- Financial charges -€1,466
down €1,466 (-6.1%), from €24,106 to €22,639
- Taxes -€1,371
down €1,371 (-33.8%), from €4,060 to €2,689
- Other operating charges +€647
up €647 (+19.4%), from €3,331 to €3,979
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 | €694,055 | €676,029 | -€18,026 | -2.6% |
| Formation expenses | 20 | €1,303 | €977 | -€326 | -25.0% |
| Fixed assets | 21/28 | €668,925 | €652,814 | -€16,111 | -2.4% |
| Tangible fixed assets | 22/27 | €668,925 | €652,814 | -€16,111 | -2.4% |
| Land and buildings | 22 | €668,043 | €651,855 | -€16,189 | -2.4% |
| Furniture and vehicles | 24 | €882 | €960 | +€78 | +8.8% |
| Current assets | 29/58 | €23,826 | €22,238 | -€1,589 | -6.7% |
| Amounts receivable within one year | 40/41 | €4,342 | €8,948 | +€4,606 | +106.1% |
| Trade receivables | 40 | €4,148 | €8,948 | +€4,800 | +115.7% |
| Other amounts receivable | 41 | €194 | - | -€194 | |
| Cash at bank and in hand | 54/58 | €19,484 | €13,290 | -€6,194 | -31.8% |
| Total equity and liabilities | 10/49 | €694,055 | €676,029 | -€18,026 | -2.6% |
| Equity | 10/15 | €106,517 | €113,905 | +€7,388 | +6.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €16,517 | €23,905 | +€7,388 | +44.7% |
| Distributable reserves | 133 | €16,517 | €23,905 | +€7,388 | +44.7% |
| Amounts payable | 17/49 | €587,538 | €562,125 | -€25,413 | -4.3% |
| Amounts payable after more than one year | 17 | €495,767 | €466,819 | -€28,948 | -5.8% |
| Financial debts | 170/4 | €495,767 | €466,819 | -€28,948 | -5.8% |
| Amounts payable within one year | 42/48 | €91,771 | €92,950 | +€1,179 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €29,964 | €28,948 | -€1,017 | -3.4% |
| Trade debts | 44 | €3,350 | €2,598 | -€751 | -22.4% |
| Suppliers | 440/4 | €3,350 | €2,598 | -€751 | -22.4% |
| Taxes, remuneration and social security | 45 | €5,909 | €8,889 | +€2,980 | +50.4% |
| Taxes | 450/3 | €5,909 | €8,889 | +€2,980 | +50.4% |
| Other amounts payable | 47/48 | €52,548 | €52,515 | -€33 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €2,356 | +€2,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,557 | €16,871 | +€314 | +1.9% |
| Other operating charges | 640/8 | €3,331 | €3,979 | +€647 | +19.4% |
| Gross operating margin | 9900 | €64,295 | €53,566 | -€10,729 | -16.7% |
| Operating profit (loss) | 9901 | €44,407 | €32,716 | -€11,691 | -26.3% |
| Financial charges | 65/66B | €24,106 | €22,639 | -€1,466 | -6.1% |
| Recurring financial charges | 65 | €24,106 | €22,639 | -€1,466 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €20,301 | €10,077 | -€10,225 | -50.4% |
| Income taxes | 67/77 | €4,060 | €2,689 | -€1,371 | -33.8% |
| Profit (loss) for the period | 9904 | €16,241 | €7,388 | -€8,854 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,241 | €7,388 | -€8,854 | -54.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.