Immo Sato: 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.
Immo Sato
Largest movements
- Receivables within one year +€65,990
up €65,990 (+853%), from €7,733 to €73,722
of which Trade receivables: +€53,426
- Tangible fixed assets -€37,345
down €37,345 (-3.5%), from €1.1m to €1.0m
of which Land and buildings: -€47,013
- Trade debts +€116,042
up €116,042 (+37,930%), from €306 to €116,348
- Other debts -€35,524
down €35,524 (-8.6%), from €411,192 to €375,668
- Current portion of long-term debt -€32,120
down €32,120 (-100%), from €32,120 to €0
- Gross operating margin -€83,316
down €83,316 (-58.1%), from €143,416 to €60,100
- Financial charges -€49,845
down €49,845 (-92.7%), from €53,778 to €3,934
- Taxes -€8,473
down €8,473 (-68.8%), from €12,312 to €3,839
- Other operating charges +€3,186
up €3,186 (+25.7%), from €12,410 to €15,596
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 | €1,078,893 | €1,109,249 | +€30,357 | +2.8% |
| Fixed assets | 21/28 | €1,058,123 | €1,021,127 | -€36,995 | -3.5% |
| Tangible fixed assets | 22/27 | €1,058,123 | €1,020,777 | -€37,345 | -3.5% |
| Land and buildings | 22 | €1,052,756 | €1,005,744 | -€47,013 | -4.5% |
| Plant, machinery and equipment | 23 | - | €12,422 | +€12,422 | |
| Furniture and vehicles | 24 | €5,366 | €2,611 | -€2,755 | -51.3% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €20,770 | €88,122 | +€67,352 | +324% |
| Amounts receivable within one year | 40/41 | €7,733 | €73,722 | +€65,990 | +853% |
| Trade receivables | 40 | €0 | €53,426 | +€53,426 | |
| Other amounts receivable | 41 | €7,733 | €20,296 | +€12,563 | +162% |
| Cash at bank and in hand | 54/58 | €12,224 | €11,919 | -€305 | -2.5% |
| Deferred charges and accrued income | 490/1 | €813 | €2,480 | +€1,667 | +205% |
| Total equity and liabilities | 10/49 | €1,078,893 | €1,109,249 | +€30,357 | +2.8% |
| Equity | 10/15 | €302,905 | €284,714 | -€18,190 | -6.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €262,905 | €253,613 | -€9,291 | -3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €262,905 | €253,613 | -€9,291 | -3.5% |
| Profit (loss) carried forward | 14 | - | -€8,899 | -€8,899 | |
| Amounts payable | 17/49 | €775,988 | €824,535 | +€48,547 | +6.3% |
| Amounts payable after more than one year | 17 | €230,000 | €230,000 | = | 0.0% |
| Financial debts | 170/4 | €230,000 | €230,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €445,929 | €492,016 | +€46,087 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €32,120 | €0 | -€32,120 | -100% |
| Trade debts | 44 | €306 | €116,348 | +€116,042 | +37,930% |
| Suppliers | 440/4 | €306 | €116,348 | +€116,042 | +37,930% |
| Taxes, remuneration and social security | 45 | €2,312 | €0 | -€2,312 | -100% |
| Taxes | 450/3 | €2,312 | €0 | -€2,312 | -100% |
| Other amounts payable | 47/48 | €411,192 | €375,668 | -€35,524 | -8.6% |
| Accrued charges and deferred income | 492/3 | €100,059 | €102,519 | +€2,460 | +2.5% |
| Non-recurring operating income | 76A | - | €1,485 | +€1,485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,550 | €54,926 | +€1,377 | +2.6% |
| Other operating charges | 640/8 | €12,410 | €15,596 | +€3,186 | +25.7% |
| Non-recurring operating charges | 66A | €52 | €0 | -€52 | -100% |
| Gross operating margin | 9900 | €143,416 | €60,100 | -€83,316 | -58.1% |
| Operating profit (loss) | 9901 | €77,404 | -€10,422 | -€87,826 | |
| Financial income | 75/76B | €249 | €5 | -€244 | -98.0% |
| Recurring financial income | 75 | €249 | €5 | -€244 | -98.0% |
| Financial charges | 65/66B | €53,778 | €3,934 | -€49,845 | -92.7% |
| Recurring financial charges | 65 | €53,778 | €3,934 | -€49,845 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | €23,874 | -€14,351 | -€38,226 | |
| Income taxes | 67/77 | €12,312 | €3,839 | -€8,473 | -68.8% |
| Profit (loss) for the period | 9904 | €11,562 | -€18,190 | -€29,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,562 | -€18,190 | -€29,752 |
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 14 October 2026 via checked.be.