SATED: 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.
SATED
Largest movements
- Cash -€61,402
down €61,402 (-53.4%), from €114,928 to €53,526
mainly Other debts (-€34,984) and Current portion of long-term debt (-€22,736)
- Other debts -€34,984
down €34,984 (-60.3%), from €58,006 to €23,022
- Current portion of long-term debt -€22,736
no longer reported in 2025 (was €22,736)
- Short-term financial debts -€1,325
down €1,325 (-84.2%), from €1,574 to €248
- Gross operating margin -€5,866
down €5,866 (-17.2%), from €34,195 to €28,328
- Taxes -€1,079
down €1,079 (-17.8%), from €6,061 to €4,982
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 | €130,841 | €70,495 | -€60,347 | -46.1% |
| Fixed assets | 21/28 | €3,488 | €3,327 | -€162 | -4.6% |
| Tangible fixed assets | 22/27 | €3,488 | €3,327 | -€162 | -4.6% |
| Plant, machinery and equipment | 23 | €999 | €2,851 | +€1,852 | +185.4% |
| Furniture and vehicles | 24 | €2,489 | €476 | -€2,014 | -80.9% |
| Current assets | 29/58 | €127,353 | €67,168 | -€60,185 | -47.3% |
| Amounts receivable within one year | 40/41 | €12,218 | €13,217 | +€999 | +8.2% |
| Trade receivables | 40 | €12,215 | €11,193 | -€1,022 | -8.4% |
| Other amounts receivable | 41 | €4 | €2,025 | +€2,021 | +53751.9% |
| Cash at bank and in hand | 54/58 | €114,928 | €53,526 | -€61,402 | -53.4% |
| Deferred charges and accrued income | 490/1 | €207 | €425 | +€218 | +105.5% |
| Total equity and liabilities | 10/49 | €130,841 | €70,495 | -€60,347 | -46.1% |
| Equity | 10/15 | €31,118 | €30,845 | -€273 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,245 | €12,245 | = | 0.0% |
| Distributable reserves | 133 | €12,245 | €12,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273 | - | -€273 | |
| Amounts payable | 17/49 | €99,723 | €39,650 | -€60,073 | -60.2% |
| Amounts payable within one year | 42/48 | €93,206 | €33,267 | -€59,939 | -64.3% |
| Current portion of amounts payable after more than one year | 42 | €22,736 | - | -€22,736 | |
| Financial debts | 43 | €1,574 | €248 | -€1,325 | -84.2% |
| Credit institutions | 430/8 | €1,574 | €248 | -€1,325 | -84.2% |
| Trade debts | 44 | €27 | €67 | +€40 | +150.4% |
| Suppliers | 440/4 | €27 | €67 | +€40 | +150.4% |
| Taxes, remuneration and social security | 45 | €10,863 | €9,930 | -€933 | -8.6% |
| Taxes | 450/3 | €8,863 | €7,930 | -€933 | -10.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €58,006 | €23,022 | -€34,984 | -60.3% |
| Accrued charges and deferred income | 492/3 | €6,517 | €6,383 | -€134 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,825 | €2,909 | +€84 | +3.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €34,195 | €28,328 | -€5,866 | -17.2% |
| Operating profit (loss) | 9901 | €30,985 | €25,032 | -€5,953 | -19.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,641 | €1,538 | -€104 | -6.3% |
| Recurring financial charges | 65 | €1,641 | €1,538 | -€104 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €29,344 | €23,495 | -€5,849 | -19.9% |
| Income taxes | 67/77 | €6,061 | €4,982 | -€1,079 | -17.8% |
| Profit (loss) for the period | 9904 | €23,283 | €18,513 | -€4,770 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,283 | €18,513 | -€4,770 | -20.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.