SATCH: 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.
SATCH
Largest movements
- Cash -€19,816
down €19,816 (-82.3%), from €24,070 to €4,254
mainly Other debts (-€31,729) and Current portion of long-term debt (-€13,368)
- Receivables within one year +€2,880
up €2,880 (+9.6%), from €30,011 to €32,891
of which Trade receivables: +€7,686
- Tangible fixed assets +€2,001
up €2,001 (+15.3%), from €13,118 to €15,118
of which Furniture and vehicles: +€2,241
- Trade debts +€43,700
up €43,700 (+1641.1%), from €2,663 to €46,363
- Other debts -€31,729
no longer reported in 2025 (was €31,729)
- Current portion of long-term debt -€13,368
down €13,368 (-88.8%), from €15,052 to €1,685
- Profit (loss) carried forward -€10,866
new in 2025: -€10,866
- Tax, wage and social debts -€2,350
down €2,350 (-51.2%), from €4,594 to €2,244
- Gross operating margin -€24,991
down €24,991, from €23,332 to -€1,659
- Financial income -€20,000
no longer reported in 2025 (was €20,000)
- Taxes -€3,724
down €3,724 (-93.5%), from €3,983 to €259
- Financial charges +€1,414
up €1,414 (+60.7%), from €2,330 to €3,745
- Other operating charges +€900
up €900 (+80.4%), from €1,120 to €2,020
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 | €70,238 | €55,625 | -€14,613 | -20.8% |
| Fixed assets | 21/28 | €15,318 | €17,318 | +€2,001 | +13.1% |
| Tangible fixed assets | 22/27 | €13,118 | €15,118 | +€2,001 | +15.3% |
| Plant, machinery and equipment | 23 | €2,024 | €1,783 | -€241 | -11.9% |
| Furniture and vehicles | 24 | €11,094 | €13,335 | +€2,241 | +20.2% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €54,921 | €38,307 | -€16,614 | -30.3% |
| Amounts receivable within one year | 40/41 | €30,011 | €32,891 | +€2,880 | +9.6% |
| Trade receivables | 40 | €542 | €8,228 | +€7,686 | +1419.1% |
| Other amounts receivable | 41 | €29,470 | €24,663 | -€4,807 | -16.3% |
| Cash at bank and in hand | 54/58 | €24,070 | €4,254 | -€19,816 | -82.3% |
| Deferred charges and accrued income | 490/1 | €839 | €1,162 | +€323 | +38.5% |
| Total equity and liabilities | 10/49 | €70,238 | €55,625 | -€14,613 | -20.8% |
| Equity | 10/15 | €16,200 | €5,334 | -€10,866 | -67.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,866 | -€10,866 | |
| Amounts payable | 17/49 | €54,038 | €50,291 | -€3,747 | -6.9% |
| Amounts payable within one year | 42/48 | €54,038 | €50,291 | -€3,747 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €15,052 | €1,685 | -€13,368 | -88.8% |
| Trade debts | 44 | €2,663 | €46,363 | +€43,700 | +1641.1% |
| Suppliers | 440/4 | €2,663 | €46,363 | +€43,700 | +1641.1% |
| Taxes, remuneration and social security | 45 | €4,594 | €2,244 | -€2,350 | -51.2% |
| Taxes | 450/3 | €4,594 | €2,244 | -€2,350 | -51.2% |
| Other amounts payable | 47/48 | €31,729 | - | -€31,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,086 | €3,184 | +€98 | +3.2% |
| Other operating charges | 640/8 | €1,120 | €2,020 | +€900 | +80.4% |
| Gross operating margin | 9900 | €23,332 | -€1,659 | -€24,991 | |
| Operating profit (loss) | 9901 | €19,126 | -€6,862 | -€25,988 | |
| Financial income | 75/76B | €20,000 | - | -€20,000 | |
| Recurring financial income | 75 | €20,000 | - | -€20,000 | |
| Financial charges | 65/66B | €2,330 | €3,745 | +€1,414 | +60.7% |
| Recurring financial charges | 65 | €2,330 | €3,745 | +€1,414 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €36,796 | -€10,607 | -€47,403 | |
| Income taxes | 67/77 | €3,983 | €259 | -€3,724 | -93.5% |
| Profit (loss) for the period | 9904 | €32,813 | -€10,866 | -€43,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,813 | -€10,866 | -€43,679 |
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 10 October 2026 via checked.be.