SATICOOP: 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.
What changed
SATICOOP
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€64,614
2024 · €66,073-€1,459
Equity
€339,411
2024 · €274,897+€64,514
Cash
€190,307
2024 · €362,021-€171,714
Balance sheet total
€866,071
2024 · €1.0m-€181,149
Largest movements
Assets
- Cash -€171,714
down €171,714 (-47.4%), from €362,021 to €190,307
mainly Debts after one year (-€115,479) and Trade debts (-€66,642)
Equity and liabilities
- Debts after one year -€115,479
down €115,479 (-31.3%), from €369,047 to €253,568
of which Financial debts: -€125,000
- Trade debts -€66,642
down €66,642 (-44.0%), from €151,335 to €84,693
- Profit (loss) carried forward +€64,614
up €64,614 (+24.1%), from €268,077 to €332,691
- Tax, wage and social debts -€63,667
down €63,667 (-25.8%), from €246,315 to €182,648
of which Taxes: -€41,045
Income statement
- Gross operating margin +€11,783
up €11,783 (+1.2%), from €955,430 to €967,213
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.
Result 2024
€66,073
Gross operating margin
+€11,783
Staff costs
-€7,865
Depreciation
-€1,329
Write-downs
-€3,373
Other operating charges
-€977
Other operating items
-€3,620
Financial income
-€27
Financial charges
+€49
Taxes
+€3,901
Result 2025
€64,614
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.
From operations
-€38,164
Investment
-€17,972
Financing
-€115,579
Cash 2024
€362,021
From operations (derived)
-€38,164
Net result for the year
+€64,614
Depreciation
+€20,191
Receivables within one year
+€7,152
Smaller working-capital items
+€189
Trade debts
-€66,642
Tax, wage and social debts
-€63,667
Investment (derived)
-€17,972
Investment in fixed assets (net)
-€17,972
Financing
-€115,579
Debts after one year
-€115,479
Contributions, distributions and other
-€100
Cash 2025
€190,307
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,047,221 | €866,071 | -€181,149 | -17.3% |
| Fixed assets | 21/28 | €84,838 | €82,618 | -€2,220 | -2.6% |
| Tangible fixed assets | 22/27 | €82,718 | €80,498 | -€2,220 | -2.7% |
| Furniture and vehicles | 24 | €19,173 | €24,660 | +€5,488 | +28.6% |
| Other tangible fixed assets | 26 | €63,545 | €55,837 | -€7,707 | -12.1% |
| Financial fixed assets | 28 | €2,120 | €2,120 | = | 0.0% |
| Current assets | 29/58 | €962,383 | €783,454 | -€178,930 | -18.6% |
| Stocks and contracts in progress | 3 | €5,240 | €5,240 | = | 0.0% |
| Stocks | 30/36 | €5,240 | €5,240 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €590,848 | €583,696 | -€7,152 | -1.2% |
| Trade receivables | 40 | €339,936 | €272,358 | -€67,578 | -19.9% |
| Other amounts receivable | 41 | €250,912 | €311,339 | +€60,426 | +24.1% |
| Cash at bank and in hand | 54/58 | €362,021 | €190,307 | -€171,714 | -47.4% |
| Deferred charges and accrued income | 490/1 | €4,274 | €4,210 | -€64 | -1.5% |
| Total equity and liabilities | 10/49 | €1,047,221 | €866,071 | -€181,149 | -17.3% |
| Equity | 10/15 | €274,897 | €339,411 | +€64,514 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,100 | -€100 | -1.6% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,077 | €332,691 | +€64,614 | +24.1% |
| Amounts payable | 17/49 | €772,324 | €526,660 | -€245,663 | -31.8% |
| Amounts payable after more than one year | 17 | €369,047 | €253,568 | -€115,479 | -31.3% |
| Financial debts | 170/4 | €125,000 | - | -€125,000 | |
| Other amounts payable | 178/9 | €244,047 | €253,568 | +€9,521 | +3.9% |
| Amounts payable within one year | 42/48 | €403,276 | €273,092 | -€130,185 | -32.3% |
| Trade debts | 44 | €151,335 | €84,693 | -€66,642 | -44.0% |
| Suppliers | 440/4 | €151,335 | €84,693 | -€66,642 | -44.0% |
| Taxes, remuneration and social security | 45 | €246,315 | €182,648 | -€63,667 | -25.8% |
| Taxes | 450/3 | €126,755 | €85,710 | -€41,045 | -32.4% |
| Remuneration and social security | 454/9 | €119,560 | €96,937 | -€22,622 | -18.9% |
| Other amounts payable | 47/48 | €5,627 | €5,752 | +€125 | +2.2% |
| Non-recurring operating income | 76A | €1,713 | - | -€1,713 | |
| Remuneration, social security and pensions | 62 | €834,946 | €842,811 | +€7,865 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,863 | €20,191 | +€1,329 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,853 | -€480 | +€3,373 | +87.5% |
| Other operating charges | 640/8 | €2,308 | €3,285 | +€977 | +42.3% |
| Non-recurring operating charges | 66A | €3,854 | €7,474 | +€3,620 | +93.9% |
| Gross operating margin | 9900 | €955,430 | €967,213 | +€11,783 | +1.2% |
| Operating profit (loss) | 9901 | €99,313 | €93,932 | -€5,381 | -5.4% |
| Financial income | 75/76B | €30 | €3 | -€27 | -91.0% |
| Recurring financial income | 75 | €30 | €3 | -€27 | -91.0% |
| Financial charges | 65/66B | €1,515 | €1,467 | -€49 | -3.2% |
| Recurring financial charges | 65 | €1,515 | €1,467 | -€49 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €97,828 | €92,468 | -€5,360 | -5.5% |
| Income taxes | 67/77 | €31,754 | €27,854 | -€3,901 | -12.3% |
| Profit (loss) for the period | 9904 | €66,073 | €64,614 | -€1,459 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,073 | €64,614 | -€1,459 | -2.2% |
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.