SAT-LIT: 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-LIT
Largest movements
- Tangible fixed assets +€118,022
up €118,022 (+124.4%), from €94,844 to €212,866
of which Land and buildings: +€130,295
- Cash -€7,716
down €7,716 (-21.0%), from €36,699 to €28,982
mainly Investment in fixed assets (net) (-€139,969) and Contributions, distributions and other (-€50,000)
- Receivables within one year -€6,305
down €6,305 (-8.8%), from €72,054 to €65,748
of which Trade receivables: -€18,519
- Debts after one year +€84,840
up €84,840 (+150.0%), from €56,552 to €141,392
- Reserves +€15,925
up €15,925 (+19.8%), from €80,233 to €96,159
- Trade debts -€13,852
down €13,852 (-58.1%), from €23,839 to €9,986
- Other debts +€10,506
new in 2025: €10,506
- Current portion of long-term debt +€8,853
up €8,853 (+87.2%), from €10,158 to €19,010
- Gross operating margin +€65,320
up €65,320 (+48.1%), from €135,901 to €201,222
- Staff costs +€12,438
up €12,438 (+15.2%), from €81,983 to €94,421
- Depreciation +€11,059
up €11,059 (+101.6%), from €10,888 to €21,948
- Taxes +€9,868
up €9,868 (+288.8%), from €3,417 to €13,286
- Financial income -€2,887
down €2,887 (-99.2%), from €2,909 to €22
of which Financial income: -€2,167
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.
Cash bridge derived
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 | €205,234 | €309,759 | +€104,524 | +50.9% |
| Fixed assets | 21/28 | €94,844 | €212,866 | +€118,022 | +124.4% |
| Tangible fixed assets | 22/27 | €94,844 | €212,866 | +€118,022 | +124.4% |
| Land and buildings | 22 | - | €130,295 | +€130,295 | |
| Furniture and vehicles | 24 | €19,007 | €12,734 | -€6,273 | -33.0% |
| Other tangible fixed assets | 26 | €75,837 | €69,836 | -€6,001 | -7.9% |
| Current assets | 29/58 | €110,390 | €96,893 | -€13,497 | -12.2% |
| Amounts receivable within one year | 40/41 | €72,054 | €65,748 | -€6,305 | -8.8% |
| Trade receivables | 40 | €53,760 | €35,241 | -€18,519 | -34.4% |
| Other amounts receivable | 41 | €18,293 | €30,507 | +€12,213 | +66.8% |
| Cash at bank and in hand | 54/58 | €36,699 | €28,982 | -€7,716 | -21.0% |
| Deferred charges and accrued income | 490/1 | €1,638 | €2,163 | +€525 | +32.0% |
| Total equity and liabilities | 10/49 | €205,234 | €309,759 | +€104,524 | +50.9% |
| Equity | 10/15 | €83,233 | €99,159 | +€15,925 | +19.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,233 | €96,159 | +€15,925 | +19.8% |
| Distributable reserves | 133 | €80,233 | €96,159 | +€15,925 | +19.8% |
| Amounts payable | 17/49 | €122,001 | €210,600 | +€88,599 | +72.6% |
| Amounts payable after more than one year | 17 | €56,552 | €141,392 | +€84,840 | +150.0% |
| Financial debts | 170/4 | €56,552 | €141,392 | +€84,840 | +150.0% |
| Amounts payable within one year | 42/48 | €65,449 | €69,208 | +€3,759 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €10,158 | €19,010 | +€8,853 | +87.2% |
| Trade debts | 44 | €23,839 | €9,986 | -€13,852 | -58.1% |
| Suppliers | 440/4 | €23,839 | €9,986 | -€13,852 | -58.1% |
| Taxes, remuneration and social security | 45 | €31,453 | €29,706 | -€1,747 | -5.6% |
| Taxes | 450/3 | €21,007 | €19,028 | -€1,980 | -9.4% |
| Remuneration and social security | 454/9 | €10,446 | €10,678 | +€232 | +2.2% |
| Other amounts payable | 47/48 | - | €10,506 | +€10,506 | |
| Remuneration, social security and pensions | 62 | €81,983 | €94,421 | +€12,438 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,888 | €21,948 | +€11,059 | +101.6% |
| Other operating charges | 640/8 | €68 | €166 | +€98 | +143.0% |
| Gross operating margin | 9900 | €135,901 | €201,222 | +€65,320 | +48.1% |
| Operating profit (loss) | 9901 | €42,962 | €84,687 | +€41,725 | +97.1% |
| Financial income | 75/76B | €2,909 | €22 | -€2,887 | -99.2% |
| Recurring financial income | 75 | €2,189 | €22 | -€2,167 | -99.0% |
| Non-recurring financial income | 76B | €720 | €22 | -€697 | -96.9% |
| Financial charges | 65/66B | €5,203 | €5,498 | +€295 | +5.7% |
| Recurring financial charges | 65 | €4,248 | €5,496 | +€1,248 | +29.4% |
| Non-recurring financial charges | 66B | €955 | €3 | -€952 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €40,668 | €79,211 | +€38,543 | +94.8% |
| Income taxes | 67/77 | €3,417 | €13,286 | +€9,868 | +288.8% |
| Profit (loss) for the period | 9904 | €37,251 | €65,925 | +€28,674 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,251 | €65,925 | +€28,674 | +77.0% |
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 12 October 2026 via checked.be.