IQBAL.SATI: 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.
IQBAL.SATI
Largest movements
- Receivables within one year -€175,956
down €175,956 (-71.3%), from €246,828 to €70,872
of which Other amounts receivable: -€105,268
- Cash +€28,040
up €28,040 (+121%), from €23,153 to €51,193
mainly Receivables within one year (+€175,956) and Net result for the year (+€6,379)
- Stocks and contracts +€20,610
up €20,610 (+25.0%), from €82,555 to €103,165
- Profit (loss) carried forward +€60,000
up €60,000 (+638%), from €9,402 to €69,402
- Trade debts -€54,510
down €54,510 (-55.3%), from €98,551 to €44,041
- Reserves -€53,621
down €53,621 (-89.4%), from €60,000 to €6,379
- Debts after one year -€49,856
down €49,856 (-72.8%), from €68,493 to €18,637
- Current portion of long-term debt -€32,675
down €32,675 (-41.4%), from €78,910 to €46,236
- Taxes -€15,869
down €15,869 (-82.7%), from €19,200 to €3,331
- Staff costs +€7,521
up €7,521 (+43.1%), from €17,466 to €24,987
- Gross operating margin +€4,986
up €4,986 (+10.7%), from €46,658 to €51,644
- Depreciation +€2,654
up €2,654 (+89.1%), from €2,977 to €5,630
- Other operating charges +€2,298
up €2,298 (+118%), from €1,948 to €4,246
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 | €378,527 | €248,093 | -€130,434 | -34.5% |
| Fixed assets | 21/28 | €25,991 | €22,863 | -€3,129 | -12.0% |
| Tangible fixed assets | 22/27 | €23,491 | €19,861 | -€3,630 | -15.5% |
| Plant, machinery and equipment | 23 | €10,413 | €9,646 | -€767 | -7.4% |
| Other tangible fixed assets | 26 | €13,079 | €10,215 | -€2,864 | -21.9% |
| Financial fixed assets | 28 | €2,500 | €3,001 | +€501 | +20.1% |
| Current assets | 29/58 | €352,536 | €225,230 | -€127,306 | -36.1% |
| Stocks and contracts in progress | 3 | €82,555 | €103,165 | +€20,610 | +25.0% |
| Stocks | 30/36 | €82,555 | €103,165 | +€20,610 | +25.0% |
| Amounts receivable within one year | 40/41 | €246,828 | €70,872 | -€175,956 | -71.3% |
| Trade receivables | 40 | €71,922 | €1,234 | -€70,688 | -98.3% |
| Other amounts receivable | 41 | €174,905 | €69,638 | -€105,268 | -60.2% |
| Cash at bank and in hand | 54/58 | €23,153 | €51,193 | +€28,040 | +121% |
| Total equity and liabilities | 10/49 | €378,527 | €248,093 | -€130,434 | -34.5% |
| Equity | 10/15 | €90,000 | €96,380 | +€6,379 | +7.1% |
| Contributions | 10/11 | €20,598 | €20,598 | = | 0.0% |
| Reserves | 13 | €60,000 | €6,379 | -€53,621 | -89.4% |
| Distributable reserves | 133 | €60,000 | €6,379 | -€53,621 | -89.4% |
| Profit (loss) carried forward | 14 | €9,402 | €69,402 | +€60,000 | +638% |
| Amounts payable | 17/49 | €288,527 | €151,713 | -€136,813 | -47.4% |
| Amounts payable after more than one year | 17 | €68,493 | €18,637 | -€49,856 | -72.8% |
| Financial debts | 170/4 | €68,493 | €18,637 | -€49,856 | -72.8% |
| Amounts payable within one year | 42/48 | €220,033 | €133,076 | -€86,957 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €78,910 | €46,236 | -€32,675 | -41.4% |
| Trade debts | 44 | €98,551 | €44,041 | -€54,510 | -55.3% |
| Suppliers | 440/4 | €98,551 | €44,041 | -€54,510 | -55.3% |
| Taxes, remuneration and social security | 45 | €35,139 | €36,662 | +€1,523 | +4.3% |
| Taxes | 450/3 | €31,849 | €31,738 | -€112 | -0.4% |
| Remuneration and social security | 454/9 | €3,290 | €4,924 | +€1,634 | +49.7% |
| Other amounts payable | 47/48 | €7,432 | €6,137 | -€1,295 | -17.4% |
| Remuneration, social security and pensions | 62 | €17,466 | €24,987 | +€7,521 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,977 | €5,630 | +€2,654 | +89.1% |
| Other operating charges | 640/8 | €1,948 | €4,246 | +€2,298 | +118% |
| Non-recurring operating charges | 66A | - | €116 | +€116 | |
| Gross operating margin | 9900 | €46,658 | €51,644 | +€4,986 | +10.7% |
| Operating profit (loss) | 9901 | €24,267 | €16,664 | -€7,603 | -31.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,332 | €6,954 | -€379 | -5.2% |
| Recurring financial charges | 65 | €7,332 | €6,954 | -€379 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €16,935 | €9,710 | -€7,225 | -42.7% |
| Income taxes | 67/77 | €19,200 | €3,331 | -€15,869 | -82.7% |
| Profit (loss) for the period | 9904 | -€2,265 | €6,379 | +€8,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,265 | €6,379 | +€8,644 |
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 28 October 2026 via checked.be.