SATHO: 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.
SATHO
Largest movements
- Cash +€152,709
up €152,709 (+47.6%), from €320,821 to €473,530
mainly Other debts (+€358,013) and Net result for the year (+€140,344)
- Receivables within one year +€9,385
up €9,385 (+15.3%), from €61,364 to €70,749
- Other debts +€358,013
new in 2025: €358,013
- Profit (loss) carried forward -€279,656
down €279,656 (-91.1%), from €307,021 to €27,364
- Tax, wage and social debts +€83,337
up €83,337 (+107%), from €77,910 to €161,247
of which Taxes: +€85,645
- Trade debts -€7,885
down €7,885 (-29.3%), from €26,904 to €19,020
- Depreciation -€46,259
down €46,259 (-79.9%), from €57,875 to €11,616
- Taxes +€16,099
up €16,099 (+50.3%), from €32,024 to €48,123
- Purchases and services -€7,520
down €7,520 (-2.4%), from €308,135 to €300,616
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 | €421,834 | €575,644 | +€153,810 | +36.5% |
| Fixed assets | 21/28 | €20,566 | €14,826 | -€5,740 | -27.9% |
| Tangible fixed assets | 22/27 | €10,312 | €4,571 | -€5,740 | -55.7% |
| Plant, machinery and equipment | 23 | €3,349 | - | -€3,349 | |
| Furniture and vehicles | 24 | €2,267 | €2,178 | -€89 | -3.9% |
| Other tangible fixed assets | 26 | €4,696 | €2,393 | -€2,303 | -49.0% |
| Financial fixed assets | 28 | €10,255 | €10,255 | = | 0.0% |
| Current assets | 29/58 | €401,268 | €560,818 | +€159,550 | +39.8% |
| Stocks and contracts in progress | 3 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Stocks | 30/36 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €61,364 | €70,749 | +€9,385 | +15.3% |
| Trade receivables | 40 | €61,364 | €70,749 | +€9,385 | +15.3% |
| Cash at bank and in hand | 54/58 | €320,821 | €473,530 | +€152,709 | +47.6% |
| Deferred charges and accrued income | 490/1 | €13,083 | €8,539 | -€4,544 | -34.7% |
| Total equity and liabilities | 10/49 | €421,834 | €575,644 | +€153,810 | +36.5% |
| Equity | 10/15 | €317,021 | €37,364 | -€279,656 | -88.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,021 | €27,364 | -€279,656 | -91.1% |
| Amounts payable | 17/49 | €104,814 | €538,280 | +€433,466 | +414% |
| Amounts payable within one year | 42/48 | €104,814 | €538,280 | +€433,466 | +414% |
| Trade debts | 44 | €26,904 | €19,020 | -€7,885 | -29.3% |
| Suppliers | 440/4 | €26,904 | €19,020 | -€7,885 | -29.3% |
| Taxes, remuneration and social security | 45 | €77,910 | €161,247 | +€83,337 | +107% |
| Taxes | 450/3 | €68,595 | €154,240 | +€85,645 | +125% |
| Remuneration and social security | 454/9 | €9,314 | €7,007 | -€2,307 | -24.8% |
| Other amounts payable | 47/48 | - | €358,013 | +€358,013 | |
| Turnover | 70 | €531,349 | €529,520 | -€1,829 | -0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €308,135 | €300,616 | -€7,520 | -2.4% |
| Remuneration, social security and pensions | 62 | €21,776 | €22,985 | +€1,208 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,875 | €11,616 | -€46,259 | -79.9% |
| Other operating charges | 640/8 | €3,113 | €2,771 | -€342 | -11.0% |
| Gross operating margin | 9900 | €224,350 | €228,904 | +€4,555 | +2.0% |
| Operating profit (loss) | 9901 | €141,585 | €191,532 | +€49,947 | +35.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,781 | €3,065 | -€1,716 | -35.9% |
| Recurring financial charges | 65 | €4,781 | €3,065 | -€1,716 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €136,804 | €188,467 | +€51,663 | +37.8% |
| Income taxes | 67/77 | €32,024 | €48,123 | +€16,099 | +50.3% |
| Profit (loss) for the period | 9904 | €104,780 | €140,344 | +€35,564 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,780 | €140,344 | +€35,564 | +33.9% |
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 16 October 2026 via checked.be.