SAT - BEN: 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 - BEN
Largest movements
- Stocks and contracts +€8,070
up €8,070 (+231%), from €3,500 to €11,570
- Cash -€4,605
down €4,605 (-18.7%), from €24,646 to €20,041
mainly Stocks and contracts (-€8,070) and Net result for the year (-€7,887)
- Receivables within one year +€1,240
up €1,240 (+30.2%), from €4,099 to €5,338
- Deferred charges and accrued income +€899
new in 2025: €899
- Tangible fixed assets -€476
down €476 (-50.0%), from €953 to €476
- Profit (loss) carried forward -€7,887
down €7,887 (-967%), from -€816 to -€8,702
- Other debts +€7,480
up €7,480 (+165%), from €4,530 to €12,010
- Trade debts +€6,299
up €6,299 (+386%), from €1,631 to €7,931
- Tax, wage and social debts -€764
down €764 (-7.9%), from €9,714 to €8,950
- Gross operating margin -€7,018
down €7,018 (-36.7%), from €19,110 to €12,092
- Taxes +€623
new in 2025: €623
- Other operating charges +€314
up €314 (+147%), from €214 to €528
- Staff costs +€199
up €199 (+1.1%), from €18,107 to €18,306
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 | €33,660 | €38,788 | +€5,128 | +15.2% |
| Fixed assets | 21/28 | €1,415 | €939 | -€476 | -33.7% |
| Tangible fixed assets | 22/27 | €953 | €476 | -€476 | -50.0% |
| Furniture and vehicles | 24 | €953 | €476 | -€476 | -50.0% |
| Financial fixed assets | 28 | €462 | €462 | = | 0.0% |
| Current assets | 29/58 | €32,245 | €37,849 | +€5,604 | +17.4% |
| Stocks and contracts in progress | 3 | €3,500 | €11,570 | +€8,070 | +231% |
| Stocks | 30/36 | €3,500 | €11,570 | +€8,070 | +231% |
| Amounts receivable within one year | 40/41 | €4,099 | €5,338 | +€1,240 | +30.2% |
| Other amounts receivable | 41 | €4,099 | €5,338 | +€1,240 | +30.2% |
| Cash at bank and in hand | 54/58 | €24,646 | €20,041 | -€4,605 | -18.7% |
| Deferred charges and accrued income | 490/1 | - | €899 | +€899 | |
| Total equity and liabilities | 10/49 | €33,660 | €38,788 | +€5,128 | +15.2% |
| Equity | 10/15 | €17,784 | €9,898 | -€7,887 | -44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€816 | -€8,702 | -€7,887 | -967% |
| Amounts payable | 17/49 | €15,876 | €28,890 | +€13,014 | +82.0% |
| Amounts payable within one year | 42/48 | €15,876 | €28,890 | +€13,014 | +82.0% |
| Trade debts | 44 | €1,631 | €7,931 | +€6,299 | +386% |
| Suppliers | 440/4 | €1,631 | €7,931 | +€6,299 | +386% |
| Taxes, remuneration and social security | 45 | €9,714 | €8,950 | -€764 | -7.9% |
| Remuneration and social security | 454/9 | €9,714 | €8,950 | -€764 | -7.9% |
| Other amounts payable | 47/48 | €4,530 | €12,010 | +€7,480 | +165% |
| Remuneration, social security and pensions | 62 | €18,107 | €18,306 | +€199 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €476 | = | 0.0% |
| Other operating charges | 640/8 | €214 | €528 | +€314 | +147% |
| Gross operating margin | 9900 | €19,110 | €12,092 | -€7,018 | -36.7% |
| Operating profit (loss) | 9901 | €312 | -€7,219 | -€7,531 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €267 | -€7,264 | -€7,531 | |
| Income taxes | 67/77 | - | €623 | +€623 | |
| Profit (loss) for the period | 9904 | €267 | -€7,887 | -€8,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €267 | -€7,887 | -€8,154 |
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.