SATI: 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.
SATI
Largest movements
- Receivables within one year +€518,935
new in 2025: €518,935
- Tangible fixed assets -€218,989
down €218,989 (-99.7%), from €219,729 to €740
of which Land and buildings: -€218,363
- Cash -€10,971
down €10,971 (-67.8%), from €16,187 to €5,216
mainly Receivables within one year (-€518,935) and Contributions, distributions and other (-€175,000)
- Reserves +€195,957
up €195,957 (+144.8%), from €135,334 to €331,291
- Other debts +€99,850
up €99,850 (+132.9%), from €75,150 to €175,000
- Trade debts -€7,251
no longer reported in 2025 (was €7,251)
- Gross operating margin +€492,838
up €492,838, from -€4,883 to €487,955
- Taxes +€115,915
new in 2025: €115,915
- Depreciation -€10,038
down €10,038 (-96.1%), from €10,448 to €410
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 | €236,722 | €524,891 | +€288,168 | +121.7% |
| Fixed assets | 21/28 | €219,729 | €740 | -€218,989 | -99.7% |
| Tangible fixed assets | 22/27 | €219,729 | €740 | -€218,989 | -99.7% |
| Land and buildings | 22 | €218,363 | - | -€218,363 | |
| Plant, machinery and equipment | 23 | €217 | - | -€217 | |
| Furniture and vehicles | 24 | €1,150 | €740 | -€410 | -35.6% |
| Current assets | 29/58 | €16,993 | €524,151 | +€507,158 | +2984.5% |
| Amounts receivable within one year | 40/41 | - | €518,935 | +€518,935 | |
| Other amounts receivable | 41 | - | €518,935 | +€518,935 | |
| Cash at bank and in hand | 54/58 | €16,187 | €5,216 | -€10,971 | -67.8% |
| Deferred charges and accrued income | 490/1 | €806 | - | -€806 | |
| Total equity and liabilities | 10/49 | €236,722 | €524,891 | +€288,168 | +121.7% |
| Equity | 10/15 | €153,934 | €349,891 | +€195,957 | +127.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,334 | €331,291 | +€195,957 | +144.8% |
| Distributable reserves | 133 | €135,334 | €331,291 | +€195,957 | +144.8% |
| Amounts payable | 17/49 | €82,788 | €175,000 | +€92,212 | +111.4% |
| Amounts payable within one year | 42/48 | €82,401 | €175,000 | +€92,599 | +112.4% |
| Trade debts | 44 | €7,251 | - | -€7,251 | |
| Suppliers | 440/4 | €7,251 | - | -€7,251 | |
| Other amounts payable | 47/48 | €75,150 | €175,000 | +€99,850 | +132.9% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Non-recurring operating income | 76A | - | €519,002 | +€519,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,448 | €410 | -€10,038 | -96.1% |
| Other operating charges | 640/8 | €3,410 | €730 | -€2,680 | -78.6% |
| Gross operating margin | 9900 | -€4,883 | €487,955 | +€492,838 | |
| Operating profit (loss) | 9901 | -€18,740 | €486,816 | +€505,556 | |
| Financial income | 75/76B | - | €139 | +€139 | |
| Recurring financial income | 75 | - | €139 | +€139 | |
| Financial charges | 65/66B | €97 | €83 | -€14 | -14.7% |
| Recurring financial charges | 65 | €97 | €83 | -€14 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,838 | €486,872 | +€505,709 | |
| Income taxes | 67/77 | - | €115,915 | +€115,915 | |
| Profit (loss) for the period | 9904 | -€18,838 | €370,957 | +€389,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,838 | €370,957 | +€389,794 |
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.