Satijn: 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.
Satijn
Largest movements
- Current investments +€31,149
up €31,149 (+41.0%), from €75,883 to €107,031
- Cash +€22,017
up €22,017 (+23.0%), from €95,560 to €117,577
mainly Net result for the year (+€60,231) and Depreciation (+€26,272)
- Intangible fixed assets -€9,477
down €9,477 (-6.9%), from €136,620 to €127,143
- Tangible fixed assets +€9,278
up €9,278 (+12.3%), from €75,326 to €84,605
of which Plant, machinery and equipment: +€21,613
- Reserves +€60,231
up €60,231 (+22.9%), from €262,624 to €322,856
- Debts after one year -€10,245
down €10,245 (-28.1%), from €36,420 to €26,175
- Gross operating margin +€21,272
up €21,272 (+24.7%), from €85,983 to €107,255
- Taxes +€4,963
up €4,963 (+29.5%), from €16,808 to €21,771
- Financial income +€4,334
up €4,334 (+718.3%), from €603 to €4,937
- Depreciation +€1,934
up €1,934 (+7.9%), from €24,338 to €26,272
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 | €394,875 | €447,249 | +€52,373 | +13.3% |
| Fixed assets | 21/28 | €211,946 | €211,748 | -€198 | -0.1% |
| Intangible fixed assets | 21 | €136,620 | €127,143 | -€9,477 | -6.9% |
| Tangible fixed assets | 22/27 | €75,326 | €84,605 | +€9,278 | +12.3% |
| Land and buildings | 22 | €24,145 | €23,099 | -€1,045 | -4.3% |
| Plant, machinery and equipment | 23 | €3,515 | €25,128 | +€21,613 | +614.8% |
| Furniture and vehicles | 24 | €47,666 | €36,377 | -€11,289 | -23.7% |
| Current assets | 29/58 | €182,930 | €235,501 | +€52,572 | +28.7% |
| Amounts receivable within one year | 40/41 | €5,323 | €4,728 | -€596 | -11.2% |
| Trade receivables | 40 | €3,488 | €3,675 | +€188 | +5.4% |
| Other amounts receivable | 41 | €1,836 | €1,053 | -€783 | -42.7% |
| Current investments | 50/53 | €75,883 | €107,031 | +€31,149 | +41.0% |
| Cash at bank and in hand | 54/58 | €95,560 | €117,577 | +€22,017 | +23.0% |
| Deferred charges and accrued income | 490/1 | €6,164 | €6,165 | +€2 | 0.0% |
| Total equity and liabilities | 10/49 | €394,875 | €447,249 | +€52,373 | +13.3% |
| Equity | 10/15 | €318,659 | €378,890 | +€60,231 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,624 | €322,856 | +€60,231 | +22.9% |
| Distributable reserves | 133 | €262,624 | €322,856 | +€60,231 | +22.9% |
| Profit (loss) carried forward | 14 | €37,435 | €37,435 | = | 0.0% |
| Amounts payable | 17/49 | €76,216 | €68,358 | -€7,858 | -10.3% |
| Amounts payable after more than one year | 17 | €36,420 | €26,175 | -€10,245 | -28.1% |
| Financial debts | 170/4 | €36,420 | €26,175 | -€10,245 | -28.1% |
| Amounts payable within one year | 42/48 | €25,747 | €27,698 | +€1,951 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €10,119 | €10,245 | +€126 | +1.2% |
| Trade debts | 44 | €2,884 | €2,635 | -€249 | -8.6% |
| Suppliers | 440/4 | €2,884 | €2,635 | -€249 | -8.6% |
| Taxes, remuneration and social security | 45 | €4,804 | €5,255 | +€451 | +9.4% |
| Taxes | 450/3 | €4,804 | €5,255 | +€451 | +9.4% |
| Other amounts payable | 47/48 | €7,940 | €9,563 | +€1,623 | +20.4% |
| Accrued charges and deferred income | 492/3 | €14,049 | €14,485 | +€436 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,338 | €26,272 | +€1,934 | +7.9% |
| Other operating charges | 640/8 | €1,355 | €1,487 | +€132 | +9.8% |
| Gross operating margin | 9900 | €85,983 | €107,255 | +€21,272 | +24.7% |
| Operating profit (loss) | 9901 | €60,290 | €79,496 | +€19,206 | +31.9% |
| Financial income | 75/76B | €603 | €4,937 | +€4,334 | +718.3% |
| Recurring financial income | 75 | €603 | €4,937 | +€4,334 | +718.3% |
| Financial charges | 65/66B | €2,093 | €2,431 | +€338 | +16.1% |
| Recurring financial charges | 65 | €2,093 | €2,431 | +€338 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €58,800 | €82,002 | +€23,202 | +39.5% |
| Income taxes | 67/77 | €16,808 | €21,771 | +€4,963 | +29.5% |
| Profit (loss) for the period | 9904 | €41,992 | €60,231 | +€18,239 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,992 | €60,231 | +€18,239 | +43.4% |
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 3 October 2026 via checked.be.