SATELLITE KHAN: 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.
SATELLITE KHAN
Largest movements
- Stocks and contracts -€18,686
down €18,686 (-73.9%), from €25,277 to €6,591
- Receivables within one year -€9,594
down €9,594 (-72.0%), from €13,335 to €3,740
of which Trade receivables: -€9,594
- Cash -€7,021
down €7,021 (-69.2%), from €10,139 to €3,118
mainly Net result for the year (-€24,481) and Trade debts (-€10,269)
- Profit (loss) carried forward -€24,481
down €24,481 (-202%), from -€12,108 to -€36,589
- Trade debts -€10,269
down €10,269 (-23.9%), from €42,998 to €32,729
- Other debts -€5,908
no longer reported in 2025 (was €5,908)
- Tax, wage and social debts +€5,400
up €5,400 (+220%), from €2,451 to €7,851
of which Remuneration and social security: +€5,000
- Turnover +€92,848
up €92,848 (+9.8%), from €949,810 to €1.0m
- Purchases and services +€48,861
up €48,861 (+4.8%), from €1.0m to €1.1m
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.
Derived cash bridge
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 | €59,710 | €24,451 | -€35,258 | -59.0% |
| Fixed assets | 21/28 | €10,960 | €11,003 | +€43 | +0.4% |
| Tangible fixed assets | 22/27 | €3,010 | €3,053 | +€43 | +1.4% |
| Furniture and vehicles | 24 | €2,271 | €946 | -€1,326 | -58.4% |
| Other tangible fixed assets | 26 | €738 | €2,107 | +€1,369 | +185% |
| Financial fixed assets | 28 | €7,950 | €7,950 | = | 0.0% |
| Current assets | 29/58 | €48,750 | €13,449 | -€35,301 | -72.4% |
| Stocks and contracts in progress | 3 | €25,277 | €6,591 | -€18,686 | -73.9% |
| Stocks | 30/36 | €25,277 | €6,591 | -€18,686 | -73.9% |
| Amounts receivable within one year | 40/41 | €13,335 | €3,740 | -€9,594 | -72.0% |
| Trade receivables | 40 | €13,261 | €3,666 | -€9,594 | -72.4% |
| Other amounts receivable | 41 | €74 | €74 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,139 | €3,118 | -€7,021 | -69.2% |
| Total equity and liabilities | 10/49 | €59,710 | €24,451 | -€35,258 | -59.0% |
| Equity | 10/15 | €8,352 | -€16,129 | -€24,481 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,108 | -€36,589 | -€24,481 | -202% |
| Amounts payable | 17/49 | €51,357 | €40,580 | -€10,777 | -21.0% |
| Amounts payable within one year | 42/48 | €51,357 | €40,580 | -€10,777 | -21.0% |
| Trade debts | 44 | €42,998 | €32,729 | -€10,269 | -23.9% |
| Suppliers | 440/4 | €42,998 | €32,729 | -€10,269 | -23.9% |
| Taxes, remuneration and social security | 45 | €2,451 | €7,851 | +€5,400 | +220% |
| Taxes | 450/3 | €2,451 | €2,851 | +€400 | +16.3% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €5,908 | - | -€5,908 | |
| Turnover | 70 | €949,810 | €1,042,658 | +€92,848 | +9.8% |
| Non-recurring operating income | 76A | €37,237 | €404 | -€36,833 | -98.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,015,392 | €1,064,253 | +€48,861 | +4.8% |
| Remuneration, social security and pensions | 62 | - | €231 | +€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,100 | €1,741 | -€1,359 | -43.8% |
| Other operating charges | 640/8 | €9,109 | €6,363 | -€2,746 | -30.1% |
| Non-recurring operating charges | 66A | - | €278 | +€278 | |
| Gross operating margin | 9900 | -€22,506 | -€14,869 | +€7,637 | +33.9% |
| Operating profit (loss) | 9901 | -€34,715 | -€23,482 | +€11,233 | +32.4% |
| Financial income | 75/76B | €1,101 | - | -€1,101 | |
| Recurring financial income | 75 | €1,101 | - | -€1,101 | |
| Financial charges | 65/66B | €719 | €860 | +€141 | +19.7% |
| Recurring financial charges | 65 | €719 | €860 | +€141 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,333 | -€24,342 | +€9,991 | +29.1% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | -€34,464 | -€24,481 | +€9,983 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,464 | -€24,481 | +€9,983 | +29.0% |
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 27 October 2026 via checked.be.