S.A.T. CONSTRUCT: 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.
S.A.T. CONSTRUCT
Largest movements
- Receivables within one year +€28,154
up €28,154 (+136%), from €20,658 to €48,812
of which Other amounts receivable: +€24,518
- Cash +€2,524
up €2,524 (+6,106%), from €41 to €2,565
mainly Trade debts (+€22,506) and Other debts (+€7,154)
- Deferred charges and accrued income -€1,426
no longer reported in 2025 (was €1,426)
- Trade debts +€22,506
up €22,506 (+158%), from €14,265 to €36,771
- Other debts +€7,154
up €7,154 (+40.1%), from €17,839 to €24,993
- Profit (loss) carried forward +€4,565
up €4,565 (+42.3%), from -€10,799 to -€6,234
- Tax, wage and social debts -€2,532
no longer reported in 2025 (was €2,532)
- Debts after one year -€2,500
no longer reported in 2025 (was €2,500)
- Gross operating margin +€7,637
up €7,637 (+550%), from €1,388 to €9,026
- Other operating charges +€1,209
up €1,209 (+97.6%), from €1,239 to €2,448
- Depreciation -€195
down €195 (-12.6%), from €1,551 to €1,356
- Financial charges -€123
down €123 (-15.8%), from €781 to €658
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 | €35,876 | €65,069 | +€29,194 | +81.4% |
| Fixed assets | 21/28 | €1,829 | €1,464 | -€365 | -19.9% |
| Tangible fixed assets | 22/27 | €1,829 | €1,464 | -€365 | -19.9% |
| Plant, machinery and equipment | 23 | €1,829 | €503 | -€1,326 | -72.5% |
| Furniture and vehicles | 24 | - | €961 | +€961 | |
| Current assets | 29/58 | €34,047 | €63,605 | +€29,558 | +86.8% |
| Stocks and contracts in progress | 3 | €11,921 | €12,228 | +€307 | +2.6% |
| Stocks | 30/36 | €11,921 | €12,228 | +€307 | +2.6% |
| Amounts receivable within one year | 40/41 | €20,658 | €48,812 | +€28,154 | +136% |
| Trade receivables | 40 | €834 | €4,470 | +€3,636 | +436% |
| Other amounts receivable | 41 | €19,824 | €44,343 | +€24,518 | +124% |
| Cash at bank and in hand | 54/58 | €41 | €2,565 | +€2,524 | +6,106% |
| Deferred charges and accrued income | 490/1 | €1,426 | - | -€1,426 | |
| Total equity and liabilities | 10/49 | €35,876 | €65,069 | +€29,194 | +81.4% |
| Equity | 10/15 | -€1,260 | €3,305 | +€4,565 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,039 | €7,039 | = | 0.0% |
| Distributable reserves | 133 | €7,039 | €7,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,799 | -€6,234 | +€4,565 | +42.3% |
| Amounts payable | 17/49 | €37,136 | €61,764 | +€24,628 | +66.3% |
| Amounts payable after more than one year | 17 | €2,500 | - | -€2,500 | |
| Other amounts payable | 178/9 | €2,500 | - | -€2,500 | |
| Amounts payable within one year | 42/48 | €34,636 | €61,764 | +€27,128 | +78.3% |
| Trade debts | 44 | €14,265 | €36,771 | +€22,506 | +158% |
| Suppliers | 440/4 | €14,265 | €36,771 | +€22,506 | +158% |
| Taxes, remuneration and social security | 45 | €2,532 | - | -€2,532 | |
| Remuneration and social security | 454/9 | €2,532 | - | -€2,532 | |
| Other amounts payable | 47/48 | €17,839 | €24,993 | +€7,154 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,551 | €1,356 | -€195 | -12.6% |
| Other operating charges | 640/8 | €1,239 | €2,448 | +€1,209 | +97.6% |
| Gross operating margin | 9900 | €1,388 | €9,026 | +€7,637 | +550% |
| Operating profit (loss) | 9901 | -€1,401 | €5,222 | +€6,623 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €781 | €658 | -€123 | -15.8% |
| Recurring financial charges | 65 | €781 | €658 | -€123 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,182 | €4,565 | +€6,747 | |
| Profit (loss) for the period | 9904 | -€2,182 | €4,565 | +€6,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,182 | €4,565 | +€6,747 |
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.