SATEZ: 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.
SATEZ
Largest movements
- Cash +€7,203
up €7,203 (+39.6%), from €18,185 to €25,388
mainly Depreciation (+€5,295) and Receivables within one year (+€1,117)
- Tangible fixed assets -€5,295
down €5,295 (-26.5%), from €19,974 to €14,680
- Receivables within one year -€1,117
down €1,117 (-14.5%), from €7,689 to €6,573
- Trade debts +€511
new in 2025: €511
- Turnover -€4,384
down €4,384 (-19.8%), from €22,163 to €17,779
- Purchases and services -€3,934
down €3,934 (-25.5%), from €15,435 to €11,501
- Other operating charges +€627
up €627 (+161.8%), from €387 to €1,014
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 | €47,238 | €47,914 | +€676 | +1.4% |
| Fixed assets | 21/28 | €19,999 | €14,704 | -€5,295 | -26.5% |
| Tangible fixed assets | 22/27 | €19,974 | €14,680 | -€5,295 | -26.5% |
| Furniture and vehicles | 24 | €19,974 | €14,680 | -€5,295 | -26.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €27,239 | €33,210 | +€5,970 | +21.9% |
| Amounts receivable within one year | 40/41 | €7,689 | €6,573 | -€1,117 | -14.5% |
| Other amounts receivable | 41 | €7,689 | €6,573 | -€1,117 | -14.5% |
| Cash at bank and in hand | 54/58 | €18,185 | €25,388 | +€7,203 | +39.6% |
| Deferred charges and accrued income | 490/1 | €1,365 | €1,249 | -€116 | -8.5% |
| Total equity and liabilities | 10/49 | €47,238 | €47,914 | +€676 | +1.4% |
| Equity | 10/15 | €47,238 | €47,403 | +€165 | +0.4% |
| Contributions | 10/11 | €479 | €479 | = | 0.0% |
| Reserves | 13 | €1,893 | €1,893 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,384 | €1,384 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,384 | €1,384 | = | 0.0% |
| Distributable reserves | 133 | €509 | €509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,866 | €45,031 | +€165 | +0.4% |
| Amounts payable | 17/49 | - | €511 | +€511 | |
| Amounts payable within one year | 42/48 | - | €511 | +€511 | |
| Trade debts | 44 | - | €511 | +€511 | |
| Suppliers | 440/4 | - | €511 | +€511 | |
| Turnover | 70 | €22,163 | €17,779 | -€4,384 | -19.8% |
| Non-recurring operating income | 76A | €42 | €381 | +€340 | +809.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,435 | €11,501 | -€3,934 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,295 | €5,295 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €1,014 | +€627 | +161.8% |
| Gross operating margin | 9900 | €6,769 | €6,659 | -€110 | -1.6% |
| Operating profit (loss) | 9901 | €1,087 | €351 | -€737 | -67.8% |
| Financial charges | 65/66B | €153 | €185 | +€32 | +20.9% |
| Recurring financial charges | 65 | €153 | €185 | +€32 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €934 | €165 | -€769 | -82.3% |
| Profit (loss) for the period | 9904 | €934 | €165 | -€769 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €934 | €165 | -€769 | -82.3% |
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 4 October 2026 via checked.be.