SATERSYS: 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.
SATERSYS
Largest movements
- Financial fixed assets +€91,598
new in 2025: €91,598
- Receivables within one year -€28,718
down €28,718 (-59.7%), from €48,098 to €19,380
- Cash -€6,783
down €6,783 (-1.7%), from €387,720 to €380,936
mainly Investment in fixed assets (net) (-€105,894) and Other debts (-€58,499)
- Tangible fixed assets +€6,104
up €6,104 (+86.7%), from €7,038 to €13,143
of which Furniture and vehicles: +€6,525
- Deferred charges and accrued income +€5,320
up €5,320 (+2888.0%), from €184 to €5,504
- Reserves +€96,234
up €96,234 (+28.4%), from €338,326 to €434,559
of which Distributable reserves: +€96,234
- Other debts -€58,499
down €58,499 (-95.1%), from €61,519 to €3,020
- Tax, wage and social debts +€26,626
up €26,626 (+124.3%), from €21,424 to €48,050
- Gross operating margin +€52,469
up €52,469 (+57.4%), from €91,426 to €143,896
- Taxes +€15,042
up €15,042 (+59.7%), from €25,191 to €40,233
- Depreciation +€6,596
up €6,596 (+413.1%), from €1,597 to €8,192
- Financial income +€2,012
up €2,012 (+1341033.3%), from €0 to €2,012
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 | €443,040 | €510,560 | +€67,520 | +15.2% |
| Fixed assets | 21/28 | €7,038 | €104,740 | +€97,702 | +1388.2% |
| Tangible fixed assets | 22/27 | €7,038 | €13,143 | +€6,104 | +86.7% |
| Plant, machinery and equipment | 23 | €3,420 | €2,999 | -€421 | -12.3% |
| Furniture and vehicles | 24 | €3,618 | €10,144 | +€6,525 | +180.3% |
| Financial fixed assets | 28 | - | €91,598 | +€91,598 | |
| Current assets | 29/58 | €436,002 | €405,820 | -€30,182 | -6.9% |
| Amounts receivable within one year | 40/41 | €48,098 | €19,380 | -€28,718 | -59.7% |
| Trade receivables | 40 | €48,098 | €19,380 | -€28,718 | -59.7% |
| Cash at bank and in hand | 54/58 | €387,720 | €380,936 | -€6,783 | -1.7% |
| Deferred charges and accrued income | 490/1 | €184 | €5,504 | +€5,320 | +2888.0% |
| Total equity and liabilities | 10/49 | €443,040 | €510,560 | +€67,520 | +15.2% |
| Equity | 10/15 | €344,526 | €440,759 | +€96,234 | +27.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €338,326 | €434,559 | +€96,234 | +28.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €336,466 | €432,699 | +€96,234 | +28.6% |
| Amounts payable | 17/49 | €98,515 | €69,801 | -€28,714 | -29.1% |
| Amounts payable within one year | 42/48 | €98,515 | €69,801 | -€28,714 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €5,830 | €6,807 | +€977 | +16.8% |
| Trade debts | 44 | €9,742 | €11,925 | +€2,183 | +22.4% |
| Suppliers | 440/4 | €9,742 | €11,925 | +€2,183 | +22.4% |
| Taxes, remuneration and social security | 45 | €21,424 | €48,050 | +€26,626 | +124.3% |
| Taxes | 450/3 | €21,424 | €48,050 | +€26,626 | +124.3% |
| Other amounts payable | 47/48 | €61,519 | €3,020 | -€58,499 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597 | €8,192 | +€6,596 | +413.1% |
| Other operating charges | 640/8 | €577 | €400 | -€177 | -30.7% |
| Gross operating margin | 9900 | €91,426 | €143,896 | +€52,469 | +57.4% |
| Operating profit (loss) | 9901 | €89,253 | €135,304 | +€46,051 | +51.6% |
| Financial income | 75/76B | €0 | €2,012 | +€2,012 | +1341033.3% |
| Recurring financial income | 75 | €0 | €2,012 | +€2,012 | +1341033.3% |
| Financial charges | 65/66B | €176 | €849 | +€672 | +381.7% |
| Recurring financial charges | 65 | €176 | €849 | +€672 | +381.7% |
| Profit (loss) for the period before taxes | 9903 | €89,077 | €136,467 | +€47,390 | +53.2% |
| Income taxes | 67/77 | €25,191 | €40,233 | +€15,042 | +59.7% |
| Profit (loss) for the period | 9904 | €63,886 | €96,234 | +€32,348 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,886 | €96,234 | +€32,348 | +50.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.