SATHI: 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.
SATHI
Largest movements
- Receivables within one year -€34,069
down €34,069 (-100.0%), from €34,069 to €0
of which Other amounts receivable: -€34,069
- Cash -€24,915
down €24,915 (-24.3%), from €102,477 to €77,561
mainly Contributions, distributions and other (-€145,000) and Investment in fixed assets (net) (-€73,108)
- Tangible fixed assets -€20,174
down €20,174 (-5.2%), from €385,616 to €365,442
of which Land and buildings: -€25,377
- Profit (loss) carried forward -€248,157
down €248,157 (-100.0%), from €248,157 to €0
- Reserves +€125,938
new in 2025: €125,938
- Tax, wage and social debts +€42,356
up €42,356 (+100.7%), from €42,062 to €84,418
of which Taxes: +€39,818
- Debts after one year -€19,143
down €19,143 (-9.7%), from €196,343 to €177,199
- Other debts +€15,894
up €15,894 (+6289.2%), from €253 to €16,147
- Gross operating margin +€139,052
up €139,052 (+56.7%), from €245,276 to €384,328
- Staff costs +€78,677
up €78,677 (+49.6%), from €158,615 to €237,292
- Depreciation +€69,768
up €69,768 (+238.0%), from €29,315 to €99,082
- Taxes +€18,940
up €18,940 (+251.0%), from €7,546 to €26,486
- Other operating charges -€7,719
down €7,719 (-57.6%), from €13,396 to €5,677
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 | €533,172 | €448,214 | -€84,958 | -15.9% |
| Fixed assets | 21/28 | €392,166 | €366,192 | -€25,974 | -6.6% |
| Intangible fixed assets | 21 | €3,750 | €750 | -€3,000 | -80.0% |
| Tangible fixed assets | 22/27 | €385,616 | €365,442 | -€20,174 | -5.2% |
| Land and buildings | 22 | €384,507 | €359,130 | -€25,377 | -6.6% |
| Plant, machinery and equipment | 23 | €865 | €6,311 | +€5,446 | +629.5% |
| Furniture and vehicles | 24 | €244 | €0 | -€244 | -100.0% |
| Financial fixed assets | 28 | €2,800 | €0 | -€2,800 | -100.0% |
| Current assets | 29/58 | €141,006 | €82,022 | -€58,984 | -41.8% |
| Stocks and contracts in progress | 3 | €4,461 | €4,461 | = | 0.0% |
| Stocks | 30/36 | €4,461 | €4,461 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,069 | €0 | -€34,069 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €34,069 | €0 | -€34,069 | -100.0% |
| Cash at bank and in hand | 54/58 | €102,477 | €77,561 | -€24,915 | -24.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €533,172 | €448,214 | -€84,958 | -15.9% |
| Equity | 10/15 | €273,157 | €137,688 | -€135,468 | -49.6% |
| Contributions | 10/11 | €25,000 | €11,750 | -€13,250 | -53.0% |
| Reserves | 13 | - | €125,938 | +€125,938 | |
| Distributable reserves | 133 | - | €125,938 | +€125,938 | |
| Profit (loss) carried forward | 14 | €248,157 | €0 | -€248,157 | -100.0% |
| Amounts payable | 17/49 | €260,015 | €310,525 | +€50,510 | +19.4% |
| Amounts payable after more than one year | 17 | €196,343 | €177,199 | -€19,143 | -9.7% |
| Financial debts | 170/4 | €196,343 | €177,199 | -€19,143 | -9.7% |
| Amounts payable within one year | 42/48 | €63,673 | €133,326 | +€69,653 | +109.4% |
| Current portion of amounts payable after more than one year | 42 | €18,847 | €19,143 | +€296 | +1.6% |
| Trade debts | 44 | €2,512 | €13,618 | +€11,106 | +442.2% |
| Suppliers | 440/4 | €2,512 | €13,618 | +€11,106 | +442.2% |
| Taxes, remuneration and social security | 45 | €42,062 | €84,418 | +€42,356 | +100.7% |
| Taxes | 450/3 | €13,844 | €53,662 | +€39,818 | +287.6% |
| Remuneration and social security | 454/9 | €28,218 | €30,756 | +€2,538 | +9.0% |
| Other amounts payable | 47/48 | €253 | €16,147 | +€15,894 | +6289.2% |
| Remuneration, social security and pensions | 62 | €158,615 | €237,292 | +€78,677 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,315 | €99,082 | +€69,768 | +238.0% |
| Other operating charges | 640/8 | €13,396 | €5,677 | -€7,719 | -57.6% |
| Gross operating margin | 9900 | €245,276 | €384,328 | +€139,052 | +56.7% |
| Operating profit (loss) | 9901 | €43,950 | €42,277 | -€1,674 | -3.8% |
| Financial income | 75/76B | €2 | €47 | +€45 | +2291.3% |
| Recurring financial income | 75 | €2 | €47 | +€45 | +2291.3% |
| Financial charges | 65/66B | €5,166 | €6,306 | +€1,140 | +22.1% |
| Recurring financial charges | 65 | €5,166 | €6,306 | +€1,140 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €38,786 | €36,018 | -€2,769 | -7.1% |
| Income taxes | 67/77 | €7,546 | €26,486 | +€18,940 | +251.0% |
| Profit (loss) for the period | 9904 | €31,240 | €9,532 | -€21,709 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,240 | €9,532 | -€21,709 | -69.5% |
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 30 September 2026 via checked.be.