SAT: 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.
SAT
Largest movements
- Cash +€3,882
up €3,882 (+1,058%), from €367 to €4,248
mainly Net result for the year (+€13,600) and Receivables within one year (+€989)
- Receivables within one year -€989
down €989 (-12.6%), from €7,841 to €6,851
- Tangible fixed assets +€872
up €872 (+448%), from €195 to €1,067
- Profit (loss) carried forward +€13,600
up €13,600 (+19.2%), from -€70,875 to -€57,276
- Other debts -€6,793
down €6,793 (-20.6%), from €33,037 to €26,243
- Tax, wage and social debts -€2,130
down €2,130 (-29.6%), from €7,185 to €5,055
of which Taxes: -€2,144
- Trade debts -€902
down €902 (-81.0%), from €1,114 to €212
- Gross operating margin +€4,209
up €4,209 (+40.6%), from €10,368 to €14,577
- Depreciation +€186
up €186 (+381%), from €49 to €234
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 | €8,520 | €12,295 | +€3,775 | +44.3% |
| Fixed assets | 21/28 | €195 | €1,067 | +€872 | +448% |
| Tangible fixed assets | 22/27 | €195 | €1,067 | +€872 | +448% |
| Furniture and vehicles | 24 | €195 | €1,067 | +€872 | +448% |
| Current assets | 29/58 | €8,325 | €11,228 | +€2,903 | +34.9% |
| Amounts receivable within one year | 40/41 | €7,841 | €6,851 | -€989 | -12.6% |
| Trade receivables | 40 | €7,841 | €6,851 | -€989 | -12.6% |
| Cash at bank and in hand | 54/58 | €367 | €4,248 | +€3,882 | +1,058% |
| Deferred charges and accrued income | 490/1 | €117 | €128 | +€11 | +9.0% |
| Total equity and liabilities | 10/49 | €8,520 | €12,295 | +€3,775 | +44.3% |
| Equity | 10/15 | -€32,816 | -€19,216 | +€13,600 | +41.4% |
| Contributions | 10/11 | €12,755 | €12,755 | = | 0.0% |
| Reserves | 13 | €25,305 | €25,305 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €6,555 | €6,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,875 | -€57,276 | +€13,600 | +19.2% |
| Amounts payable | 17/49 | €41,335 | €31,511 | -€9,825 | -23.8% |
| Amounts payable within one year | 42/48 | €41,335 | €31,511 | -€9,825 | -23.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,114 | €212 | -€902 | -81.0% |
| Suppliers | 440/4 | €1,114 | €212 | -€902 | -81.0% |
| Taxes, remuneration and social security | 45 | €7,185 | €5,055 | -€2,130 | -29.6% |
| Taxes | 450/3 | €5,085 | €2,941 | -€2,144 | -42.2% |
| Remuneration and social security | 454/9 | €2,100 | €2,114 | +€14 | +0.7% |
| Other amounts payable | 47/48 | €33,037 | €26,243 | -€6,793 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49 | €234 | +€186 | +381% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €10,368 | €14,577 | +€4,209 | +40.6% |
| Operating profit (loss) | 9901 | €10,201 | €14,223 | +€4,022 | +39.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -96.1% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -96.1% |
| Financial charges | 65/66B | €606 | €623 | +€17 | +2.8% |
| Recurring financial charges | 65 | €606 | €623 | +€17 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €9,597 | €13,600 | +€4,003 | +41.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €9,597 | €13,600 | +€4,003 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,597 | €13,600 | +€4,003 | +41.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.