SAT - TEL: what changed
Two fiscal 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 - TEL
Largest movements
- Receivables within one year -€67,327
down €67,327 (-99.4%), from €67,731 to €404
- Tangible fixed assets -€54,667
down €54,667 (-14.8%), from €369,000 to €314,333
- Debts within one year -€130,669
down €130,669 (-29.8%), from €438,873 to €308,204
- Profit (loss) carried forward +€45,152
up €45,152 (+58.8%), from €76,841 to €121,993
- Reserves -€21,217
down €21,217 (-8.3%), from €255,074 to €233,857
- Provisions -€11,419
down €11,419 (-14.8%), from €77,081 to €65,662
- Gross operating margin -€9,000
down €9,000 (-37.5%), from €24,000 to €15,000
- Financial charges +€2,290
new in 2024: €2,290
- Other operating charges +€387
new in 2024: €387
From the 2020 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,696 | €779,788 | -€121,908 | -13.5% |
| Fixed assets | 21/28 | €833,965 | €779,298 | -€54,667 | -6.6% |
| Tangible fixed assets | 22/27 | €369,000 | €314,333 | -€54,667 | -14.8% |
| Land and buildings | 22 | - | €314,333 | +€314,333 | |
| Financial fixed assets | 28 | €464,965 | €464,965 | = | 0.0% |
| Current assets | 29/58 | €67,731 | €490 | -€67,241 | -99.3% |
| Amounts receivable within one year | 40/41 | €67,731 | €404 | -€67,327 | -99.4% |
| Other amounts receivable | 41 | - | €404 | +€404 | |
| Cash at bank and in hand | 54/58 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €901,696 | €779,788 | -€121,908 | -13.5% |
| Equity | 10/15 | €338,115 | €362,050 | +€23,935 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €255,074 | €233,857 | -€21,217 | -8.3% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €121,997 | +€121,997 | |
| Distributable reserves | 133 | - | €110,000 | +€110,000 | |
| Profit (loss) carried forward | 14 | €76,841 | €121,993 | +€45,152 | +58.8% |
| Provisions and deferred taxes | 16 | €77,081 | €65,662 | -€11,419 | -14.8% |
| Deferred taxes | 168 | - | €65,662 | +€65,662 | |
| Amounts payable | 17/49 | €486,500 | €352,076 | -€134,424 | -27.6% |
| Amounts payable after more than one year | 17 | €47,627 | €43,872 | -€3,755 | -7.9% |
| Other amounts payable | 178/9 | - | €43,872 | +€43,872 | |
| Amounts payable within one year | 42/48 | €438,873 | €308,204 | -€130,669 | -29.8% |
| Financial debts | 43 | - | €34 | +€34 | |
| Credit institutions | 430/8 | - | €34 | +€34 | |
| Trade debts | 44 | €9,708 | - | -€9,708 | |
| Other amounts payable | 47/48 | - | €308,170 | +€308,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,667 | €13,667 | = | 0.0% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €24,000 | €15,000 | -€9,000 | -37.5% |
| Operating profit (loss) | 9901 | €9,986 | €946 | -€9,040 | -90.5% |
| Financial charges | 65/66B | - | €2,290 | +€2,290 | |
| Recurring financial charges | 65 | - | €2,290 | +€2,290 | |
| Profit (loss) for the period before taxes | 9903 | €8,825 | -€1,344 | -€10,169 | |
| Transfer from deferred taxes | 780 | - | €2,855 | +€2,855 | |
| Profit (loss) for the period | 9904 | €11,680 | €1,511 | -€10,169 | -87.1% |
| Transfer from tax-exempt reserves | 789 | - | €5,304 | +€5,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,984 | €6,815 | -€10,169 | -59.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.