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
- Tangible fixed assets +€43,681
up €43,681 (+10.5%), from €417,245 to €460,926
of which Land and buildings: +€65,649
- Cash +€22,138
up €22,138 (+54.4%), from €40,722 to €62,860
mainly Debts after one year (+€67,911) and Depreciation (+€46,179)
- Stocks and contracts +€15,000
up €15,000 (+167%), from €9,000 to €24,000
- Receivables within one year -€9,872
down €9,872 (-15.3%), from €64,327 to €54,454
of which Other amounts receivable: -€21,299
- Debts after one year +€67,911
up €67,911 (+26.2%), from €259,248 to €327,160
- Trade debts +€13,395
up €13,395 (+228%), from €5,887 to €19,282
- Current portion of long-term debt -€10,809
down €10,809 (-34.7%), from €31,145 to €20,336
- Gross operating margin -€47,472
down €47,472 (-31.1%), from €152,621 to €105,149
- Depreciation -€21,982
down €21,982 (-32.3%), from €68,161 to €46,179
- Staff costs -€19,872
down €19,872 (-100%), from €19,872 to €0
- Taxes -€14,288
down €14,288 (-74.1%), from €19,285 to €4,997
- Financial charges +€10,581
up €10,581 (+131%), from €8,081 to €18,662
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 | €531,293 | €605,370 | +€74,077 | +13.9% |
| Fixed assets | 21/28 | €417,245 | €460,926 | +€43,681 | +10.5% |
| Tangible fixed assets | 22/27 | €417,245 | €460,926 | +€43,681 | +10.5% |
| Land and buildings | 22 | €342,243 | €407,892 | +€65,649 | +19.2% |
| Plant, machinery and equipment | 23 | €11,154 | €3,637 | -€7,517 | -67.4% |
| Furniture and vehicles | 24 | €61,791 | €42,335 | -€19,456 | -31.5% |
| Other tangible fixed assets | 26 | €2,056 | €7,061 | +€5,005 | +243% |
| Current assets | 29/58 | €114,048 | €144,445 | +€30,396 | +26.7% |
| Stocks and contracts in progress | 3 | €9,000 | €24,000 | +€15,000 | +167% |
| Stocks | 30/36 | €9,000 | €24,000 | +€15,000 | +167% |
| Amounts receivable within one year | 40/41 | €64,327 | €54,454 | -€9,872 | -15.3% |
| Trade receivables | 40 | €29,383 | €40,809 | +€11,427 | +38.9% |
| Other amounts receivable | 41 | €34,944 | €13,645 | -€21,299 | -61.0% |
| Cash at bank and in hand | 54/58 | €40,722 | €62,860 | +€22,138 | +54.4% |
| Deferred charges and accrued income | 490/1 | - | €3,131 | +€3,131 | |
| Total equity and liabilities | 10/49 | €531,293 | €605,370 | +€74,077 | +13.9% |
| Equity | 10/15 | €199,818 | €198,594 | -€1,224 | -0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,830 | €48,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €48,830 | €48,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,588 | €137,364 | -€1,224 | -0.9% |
| Amounts payable | 17/49 | €331,476 | €406,777 | +€75,301 | +22.7% |
| Amounts payable after more than one year | 17 | €259,248 | €327,160 | +€67,911 | +26.2% |
| Financial debts | 170/4 | €259,248 | €327,160 | +€67,911 | +26.2% |
| Amounts payable within one year | 42/48 | €72,227 | €79,571 | +€7,344 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €31,145 | €20,336 | -€10,809 | -34.7% |
| Trade debts | 44 | €5,887 | €19,282 | +€13,395 | +228% |
| Suppliers | 440/4 | €5,887 | €19,282 | +€13,395 | +228% |
| Taxes, remuneration and social security | 45 | €35,196 | €39,954 | +€4,758 | +13.5% |
| Taxes | 450/3 | €35,196 | €39,954 | +€4,758 | +13.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Remuneration, social security and pensions | 62 | €19,872 | €0 | -€19,872 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,161 | €46,179 | -€21,982 | -32.3% |
| Other operating charges | 640/8 | €5,144 | €3,749 | -€1,395 | -27.1% |
| Non-recurring operating charges | 66A | - | €32,785 | +€32,785 | |
| Gross operating margin | 9900 | €152,621 | €105,149 | -€47,472 | -31.1% |
| Operating profit (loss) | 9901 | €59,444 | €22,435 | -€37,009 | -62.3% |
| Financial income | 75/76B | €1,673 | €0 | -€1,673 | -100% |
| Recurring financial income | 75 | €1,673 | €0 | -€1,673 | -100% |
| Financial charges | 65/66B | €8,081 | €18,662 | +€10,581 | +131% |
| Recurring financial charges | 65 | €8,081 | €18,662 | +€10,581 | +131% |
| Profit (loss) for the period before taxes | 9903 | €53,036 | €3,773 | -€49,263 | -92.9% |
| Income taxes | 67/77 | €19,285 | €4,997 | -€14,288 | -74.1% |
| Profit (loss) for the period | 9904 | €33,751 | -€1,224 | -€34,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,751 | -€1,224 | -€34,975 |
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 13 October 2026 via checked.be.