SATECH: 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.
SATECH
Largest movements
- Receivables after one year +€154,648
new in 2024: €154,648
- Receivables within one year -€66,412
down €66,412 (-50.0%), from €132,778 to €66,366
of which Other amounts receivable: -€76,309
- Tangible fixed assets -€20,184
down €20,184 (-81.0%), from €24,927 to €4,743
of which Furniture and vehicles: -€18,924
- Cash -€16,843
down €16,843 (-97.8%), from €17,220 to €377
mainly Receivables after one year (-€154,648) and Tax, wage and social debts (-€25,440)
- Deferred charges and accrued income -€8,574
down €8,574 (-19.9%), from €43,039 to €34,465
- Accrued charges and deferred income +€89,200
new in 2024: €89,200
- Tax, wage and social debts -€25,440
down €25,440 (-47.6%), from €53,408 to €27,968
of which Taxes: -€21,772
- Trade debts -€22,052
down €22,052 (-75.0%), from €29,414 to €7,362
- Other debts -€11,000
down €11,000 (-50.0%), from €22,000 to €11,000
- Reserves +€10,668
up €10,668 (+9.1%), from €116,665 to €127,333
of which Non-distributable reserves: +€10,668
- Gross operating margin -€92,414
down €92,414 (-58.0%), from €159,427 to €67,013
- Staff costs -€74,206
down €74,206 (-63.7%), from €116,454 to €42,247
- Depreciation -€9,397
down €9,397 (-75.4%), from €12,465 to €3,069
- Taxes -€4,435
down €4,435 (-41.3%), from €10,726 to €6,292
- Financial income +€3,826
up €3,826 (+84.5%), from €4,527 to €8,353
From the 2023 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,487 | €264,862 | +€41,375 | +18.5% |
| Fixed assets | 21/28 | €24,927 | €4,743 | -€20,184 | -81.0% |
| Tangible fixed assets | 22/27 | €24,927 | €4,743 | -€20,184 | -81.0% |
| Furniture and vehicles | 24 | €20,940 | €2,015 | -€18,924 | -90.4% |
| Other tangible fixed assets | 26 | €3,988 | €2,728 | -€1,260 | -31.6% |
| Current assets | 29/58 | €198,560 | €260,119 | +€61,560 | +31.0% |
| Amounts receivable after more than one year | 29 | - | €154,648 | +€154,648 | |
| Other amounts receivable | 291 | - | €154,648 | +€154,648 | |
| Stocks and contracts in progress | 3 | €5,523 | €4,263 | -€1,260 | -22.8% |
| Stocks | 30/36 | €5,523 | €4,263 | -€1,260 | -22.8% |
| Amounts receivable within one year | 40/41 | €132,778 | €66,366 | -€66,412 | -50.0% |
| Trade receivables | 40 | €12,627 | €22,524 | +€9,898 | +78.4% |
| Other amounts receivable | 41 | €120,151 | €43,841 | -€76,309 | -63.5% |
| Cash at bank and in hand | 54/58 | €17,220 | €377 | -€16,843 | -97.8% |
| Deferred charges and accrued income | 490/1 | €43,039 | €34,465 | -€8,574 | -19.9% |
| Total equity and liabilities | 10/49 | €223,487 | €264,862 | +€41,375 | +18.5% |
| Equity | 10/15 | €118,665 | €129,333 | +€10,668 | +9.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €116,665 | €127,333 | +€10,668 | +9.1% |
| Non-distributable reserves | 130/1 | €104,914 | €115,582 | +€10,668 | +10.2% |
| Reserves not available under the articles | 1311 | €104,914 | €115,582 | +€10,668 | +10.2% |
| Distributable reserves | 133 | €11,751 | €11,751 | = | 0.0% |
| Amounts payable | 17/49 | €104,822 | €135,529 | +€30,707 | +29.3% |
| Amounts payable within one year | 42/48 | €104,822 | €46,329 | -€58,493 | -55.8% |
| Trade debts | 44 | €29,414 | €7,362 | -€22,052 | -75.0% |
| Suppliers | 440/4 | €29,414 | €7,362 | -€22,052 | -75.0% |
| Taxes, remuneration and social security | 45 | €53,408 | €27,968 | -€25,440 | -47.6% |
| Taxes | 450/3 | €40,506 | €18,735 | -€21,772 | -53.7% |
| Remuneration and social security | 454/9 | €12,902 | €9,233 | -€3,669 | -28.4% |
| Other amounts payable | 47/48 | €22,000 | €11,000 | -€11,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | - | €89,200 | +€89,200 | |
| Remuneration, social security and pensions | 62 | €116,454 | €42,247 | -€74,206 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,465 | €3,069 | -€9,397 | -75.4% |
| Other operating charges | 640/8 | €1,981 | €2,406 | +€425 | +21.5% |
| Non-recurring operating charges | 66A | - | €10,881 | +€10,881 | |
| Gross operating margin | 9900 | €159,427 | €67,013 | -€92,414 | -58.0% |
| Operating profit (loss) | 9901 | €28,527 | €8,410 | -€20,118 | -70.5% |
| Financial income | 75/76B | €4,527 | €8,353 | +€3,826 | +84.5% |
| Recurring financial income | 75 | €4,527 | €8,353 | +€3,826 | +84.5% |
| Financial charges | 65/66B | €554 | -€197 | -€750 | |
| Recurring financial charges | 65 | €554 | -€197 | -€750 | |
| Profit (loss) for the period before taxes | 9903 | €32,501 | €16,960 | -€15,541 | -47.8% |
| Income taxes | 67/77 | €10,726 | €6,292 | -€4,435 | -41.3% |
| Profit (loss) for the period | 9904 | €21,775 | €10,668 | -€11,107 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,775 | €10,668 | -€11,107 | -51.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.