SATBEAMS: 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.
SATBEAMS
Largest movements
- Receivables within one year +€10,118
up €10,118 (+16.3%), from €62,105 to €72,223
of which Trade receivables: +€17,644
- Cash +€8,149
up €8,149 (+387.5%), from €2,103 to €10,252
- Tangible fixed assets -€2,329
down €2,329 (-56.1%), from €4,154 to €1,825
of which Furniture and vehicles: -€1,612
- Profit (loss) carried forward +€43,251
new in 2024: €43,251
- Reserves -€38,915
down €38,915 (-95.4%), from €40,775 to €1,860
of which Distributable reserves: -€38,915
- Provisions +€6,422
new in 2024: €6,422
- Trade debts +€5,702
up €5,702 (+158.3%), from €3,602 to €9,304
- Tax, wage and social debts -€1,477
down €1,477 (-12.8%), from €11,525 to €10,048
- Turnover +€134,686
new in 2024: €134,686
- Purchases and services +€105,087
new in 2024: €105,087
- Financial charges +€14,811
up €14,811 (+2515.5%), from €589 to €15,400
of which Financial charges: +€8,390
- Gross operating margin +€13,726
up €13,726 (+56.7%), from €24,187 to €37,912
- Taxes -€5,677
no longer reported in 2024 (was €5,677)
From the 2022 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 | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,425 | €84,393 | +€15,968 | +23.3% |
| Fixed assets | 21/28 | €4,171 | €1,842 | -€2,329 | -55.8% |
| Tangible fixed assets | 22/27 | €4,154 | €1,825 | -€2,329 | -56.1% |
| Plant, machinery and equipment | 23 | €1,440 | €722 | -€717 | -49.8% |
| Furniture and vehicles | 24 | €2,714 | €1,103 | -€1,612 | -59.4% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €64,254 | €82,551 | +€18,297 | +28.5% |
| Amounts receivable within one year | 40/41 | €62,105 | €72,223 | +€10,118 | +16.3% |
| Trade receivables | 40 | €6,101 | €23,745 | +€17,644 | +289.2% |
| Other amounts receivable | 41 | €56,004 | €48,478 | -€7,526 | -13.4% |
| Cash at bank and in hand | 54/58 | €2,103 | €10,252 | +€8,149 | +387.5% |
| Deferred charges and accrued income | 490/1 | €46 | €76 | +€30 | +65.5% |
| Total equity and liabilities | 10/49 | €68,425 | €84,393 | +€15,968 | +23.3% |
| Equity | 10/15 | €53,175 | €57,511 | +€4,336 | +8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €40,775 | €1,860 | -€38,915 | -95.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €38,915 | - | -€38,915 | |
| Profit (loss) carried forward | 14 | - | €43,251 | +€43,251 | |
| Provisions and deferred taxes | 16 | - | €6,422 | +€6,422 | |
| Provisions for liabilities and charges | 160/5 | - | €6,422 | +€6,422 | |
| Pensions and similar obligations | 160 | - | €6,422 | +€6,422 | |
| Amounts payable | 17/49 | €15,249 | €20,460 | +€5,210 | +34.2% |
| Amounts payable within one year | 42/48 | €15,127 | €19,352 | +€4,225 | +27.9% |
| Trade debts | 44 | €3,602 | €9,304 | +€5,702 | +158.3% |
| Suppliers | 440/4 | €3,602 | €9,304 | +€5,702 | +158.3% |
| Taxes, remuneration and social security | 45 | €11,525 | €10,048 | -€1,477 | -12.8% |
| Taxes | 450/3 | €11,525 | €10,048 | -€1,477 | -12.8% |
| Accrued charges and deferred income | 492/3 | €123 | €1,108 | +€986 | +802.9% |
| Turnover | 70 | - | €134,686 | +€134,686 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €105,087 | +€105,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €1,632 | +€877 | +116.0% |
| Other operating charges | 640/8 | €877 | €238 | -€639 | -72.9% |
| Gross operating margin | 9900 | €24,187 | €37,912 | +€13,726 | +56.7% |
| Operating profit (loss) | 9901 | €22,554 | €36,042 | +€13,488 | +59.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €589 | €15,400 | +€14,811 | +2515.5% |
| Recurring financial charges | 65 | €589 | €8,978 | +€8,390 | +1424.8% |
| Non-recurring financial charges | 66B | - | €6,422 | +€6,422 | |
| Profit (loss) for the period before taxes | 9903 | €21,965 | €20,642 | -€1,323 | -6.0% |
| Income taxes | 67/77 | €5,677 | - | -€5,677 | |
| Profit (loss) for the period | 9904 | €16,287 | €20,642 | +€4,354 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,287 | €20,642 | +€4,354 | +26.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 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.