SATILEK: 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.
SATILEK
Largest movements
- Receivables within one year +€138,399
up €138,399 (+22.0%), from €630,454 to €768,853
of which Trade receivables: +€125,880
- Stocks and contracts -€45,965
down €45,965 (-61.0%), from €75,377 to €29,412
of which Contracts in progress: -€61,359
- Tangible fixed assets -€12,581
down €12,581 (-28.9%), from €43,573 to €30,993
of which Furniture and vehicles: -€12,278
- Other debts +€80,946
up €80,946 (+32.4%), from €249,754 to €330,700
- Short-term financial debts +€38,740
up €38,740 (+198.0%), from €19,565 to €58,305
- Reserves -€27,722
down €27,722 (-8.0%), from €345,796 to €318,074
of which Distributable reserves: -€27,722
- Accrued charges and deferred income -€26,040
down €26,040 (-100.0%), from €26,040 to €0
- Trade debts +€23,433
up €23,433 (+79.2%), from €29,589 to €53,022
- Gross operating margin -€57,796
down €57,796 (-22.6%), from €256,133 to €198,337
- Staff costs -€18,687
down €18,687 (-9.0%), from €207,696 to €189,009
- Taxes -€7,037
down €7,037 (-100.0%), from €7,037 to €0
- Other operating charges +€3,347
up €3,347 (+455.1%), from €735 to €4,082
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €749,691 | €829,700 | +€80,009 | +10.7% |
| Fixed assets | 21/28 | €43,573 | €30,993 | -€12,581 | -28.9% |
| Tangible fixed assets | 22/27 | €43,573 | €30,993 | -€12,581 | -28.9% |
| Plant, machinery and equipment | 23 | €892 | €589 | -€302 | -33.9% |
| Furniture and vehicles | 24 | €42,682 | €30,404 | -€12,278 | -28.8% |
| Current assets | 29/58 | €706,118 | €798,707 | +€92,590 | +13.1% |
| Stocks and contracts in progress | 3 | €75,377 | €29,412 | -€45,965 | -61.0% |
| Stocks | 30/36 | €14,018 | €29,412 | +€15,394 | +109.8% |
| Contracts in progress | 37 | €61,359 | €0 | -€61,359 | -100.0% |
| Amounts receivable within one year | 40/41 | €630,454 | €768,853 | +€138,399 | +22.0% |
| Trade receivables | 40 | €612,766 | €738,647 | +€125,880 | +20.5% |
| Other amounts receivable | 41 | €17,687 | €30,206 | +€12,519 | +70.8% |
| Deferred charges and accrued income | 490/1 | €286 | €442 | +€155 | +54.2% |
| Total equity and liabilities | 10/49 | €749,691 | €829,700 | +€80,009 | +10.7% |
| Equity | 10/15 | €365,796 | €338,074 | -€27,722 | -7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €345,796 | €318,074 | -€27,722 | -8.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €345,796 | €318,074 | -€27,722 | -8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €383,895 | €491,626 | +€107,731 | +28.1% |
| Amounts payable after more than one year | 17 | €14,704 | €8,542 | -€6,162 | -41.9% |
| Financial debts | 170/4 | €14,704 | €8,542 | -€6,162 | -41.9% |
| Amounts payable within one year | 42/48 | €343,150 | €483,084 | +€139,934 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €43,493 | €36,534 | -€6,959 | -16.0% |
| Financial debts | 43 | €19,565 | €58,305 | +€38,740 | +198.0% |
| Credit institutions | 430/8 | €19,565 | €58,305 | +€38,740 | +198.0% |
| Trade debts | 44 | €29,589 | €53,022 | +€23,433 | +79.2% |
| Suppliers | 440/4 | €29,589 | €53,022 | +€23,433 | +79.2% |
| Taxes, remuneration and social security | 45 | €750 | €4,523 | +€3,773 | +503.1% |
| Taxes | 450/3 | €750 | €5 | -€745 | -99.3% |
| Remuneration and social security | 454/9 | - | €4,518 | +€4,518 | |
| Other amounts payable | 47/48 | €249,754 | €330,700 | +€80,946 | +32.4% |
| Accrued charges and deferred income | 492/3 | €26,040 | €0 | -€26,040 | -100.0% |
| Non-recurring operating income | 76A | €4,500 | €0 | -€4,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €207,696 | €189,009 | -€18,687 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,581 | €12,581 | = | 0.0% |
| Other operating charges | 640/8 | €735 | €4,082 | +€3,347 | +455.1% |
| Gross operating margin | 9900 | €256,133 | €198,337 | -€57,796 | -22.6% |
| Operating profit (loss) | 9901 | €35,122 | -€7,335 | -€42,456 | |
| Financial income | 75/76B | €3,010 | €2,860 | -€150 | -5.0% |
| Recurring financial income | 75 | €3,010 | €2,860 | -€150 | -5.0% |
| Financial charges | 65/66B | €13,112 | €15,226 | +€2,114 | +16.1% |
| Recurring financial charges | 65 | €13,112 | €15,226 | +€2,114 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €25,019 | -€19,701 | -€44,720 | |
| Income taxes | 67/77 | €7,037 | €0 | -€7,037 | -100.0% |
| Profit (loss) for the period | 9904 | €17,982 | -€19,701 | -€37,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,982 | -€19,701 | -€37,682 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.