SATAY: 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.
SATAY
Largest movements
- Tangible fixed assets +€25,931
up €25,931 (+41.3%), from €62,850 to €88,781
of which Other tangible fixed assets: +€27,795
- Trade debts +€24,215
up €24,215 (+124%), from €19,485 to €43,699
- Tax, wage and social debts +€6,907
up €6,907 (+15.2%), from €45,342 to €52,249
of which Taxes: +€4,663
- Profit (loss) carried forward -€5,553
down €5,553 (-11.2%), from €49,481 to €43,929
- Gross operating margin -€7,679
down €7,679 (-2.5%), from €304,779 to €297,099
- Depreciation +€3,401
up €3,401 (+39.0%), from €8,721 to €12,122
- Staff costs -€3,119
down €3,119 (-1.1%), from €287,365 to €284,246
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 | €148,364 | €174,500 | +€26,136 | +17.6% |
| Fixed assets | 21/28 | €69,791 | €95,305 | +€25,514 | +36.6% |
| Intangible fixed assets | 21 | €941 | €524 | -€417 | -44.3% |
| Tangible fixed assets | 22/27 | €62,850 | €88,781 | +€25,931 | +41.3% |
| Plant, machinery and equipment | 23 | €10,254 | €9,917 | -€336 | -3.3% |
| Furniture and vehicles | 24 | €4,280 | €2,752 | -€1,528 | -35.7% |
| Other tangible fixed assets | 26 | €48,317 | €76,112 | +€27,795 | +57.5% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €78,573 | €79,194 | +€621 | +0.8% |
| Stocks and contracts in progress | 3 | €5,750 | €4,650 | -€1,100 | -19.1% |
| Stocks | 30/36 | €5,750 | €4,650 | -€1,100 | -19.1% |
| Amounts receivable within one year | 40/41 | €3,189 | €3,711 | +€522 | +16.4% |
| Trade receivables | 40 | €3,189 | €1,211 | -€1,978 | -62.0% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €64,253 | €63,821 | -€432 | -0.7% |
| Deferred charges and accrued income | 490/1 | €5,381 | €7,012 | +€1,631 | +30.3% |
| Total equity and liabilities | 10/49 | €148,364 | €174,500 | +€26,136 | +17.6% |
| Equity | 10/15 | €83,465 | €77,912 | -€5,553 | -6.7% |
| Contributions | 10/11 | €30,274 | €30,274 | = | 0.0% |
| Reserves | 13 | €3,710 | €3,710 | = | 0.0% |
| Distributable reserves | 133 | €3,710 | €3,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,481 | €43,929 | -€5,553 | -11.2% |
| Amounts payable | 17/49 | €64,899 | €96,587 | +€31,688 | +48.8% |
| Amounts payable within one year | 42/48 | €64,899 | €96,587 | +€31,688 | +48.8% |
| Trade debts | 44 | €19,485 | €43,699 | +€24,215 | +124% |
| Suppliers | 440/4 | €19,485 | €43,699 | +€24,215 | +124% |
| Taxes, remuneration and social security | 45 | €45,342 | €52,249 | +€6,907 | +15.2% |
| Taxes | 450/3 | €14,182 | €18,845 | +€4,663 | +32.9% |
| Remuneration and social security | 454/9 | €31,160 | €33,404 | +€2,244 | +7.2% |
| Other amounts payable | 47/48 | €73 | €640 | +€567 | +778% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €287,365 | €284,246 | -€3,119 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,721 | €12,122 | +€3,401 | +39.0% |
| Other operating charges | 640/8 | €5,024 | €3,301 | -€1,723 | -34.3% |
| Gross operating margin | 9900 | €304,779 | €297,099 | -€7,679 | -2.5% |
| Operating profit (loss) | 9901 | €3,668 | -€2,570 | -€6,237 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,475 | €2,983 | +€1,508 | +102% |
| Recurring financial charges | 65 | €1,475 | €2,983 | +€1,508 | +102% |
| Profit (loss) for the period before taxes | 9903 | €2,193 | -€5,553 | -€7,746 | |
| Profit (loss) for the period | 9904 | €2,193 | -€5,553 | -€7,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,193 | -€5,553 | -€7,746 |
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.