SATIMAK: 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.
SATIMAK
Largest movements
- Receivables within one year -€56,063
down €56,063 (-31.1%), from €180,127 to €124,064
of which Trade receivables: -€60,261
- Cash -€36,936
down €36,936 (-12.2%), from €303,825 to €266,889
mainly Trade debts (-€60,042) and Tax, wage and social debts (-€27,548)
- Trade debts -€60,042
down €60,042 (-80.3%), from €74,793 to €14,751
- Tax, wage and social debts -€27,548
down €27,548 (-71.7%), from €38,399 to €10,851
of which Remuneration and social security: -€24,400
- Debts after one year -€14,099
down €14,099 (-8.8%), from €159,839 to €145,740
- Taxes +€1,554
up €1,554 (+29.8%), from €5,213 to €6,767
- Gross operating margin +€1,246
up €1,246 (+6.4%), from €19,460 to €20,706
- Depreciation +€817
up €817 (+55.5%), from €1,472 to €2,289
- Financial charges +€544
up €544 (+13.9%), from €3,925 to €4,469
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 | €1,337,751 | €1,242,463 | -€95,288 | -7.1% |
| Fixed assets | 21/28 | €853,799 | €851,509 | -€2,290 | -0.3% |
| Tangible fixed assets | 22/27 | €287,549 | €285,259 | -€2,290 | -0.8% |
| Land and buildings | 22 | €287,549 | €285,259 | -€2,290 | -0.8% |
| Financial fixed assets | 28 | €566,250 | €566,250 | = | 0.0% |
| Current assets | 29/58 | €483,952 | €390,953 | -€92,999 | -19.2% |
| Amounts receivable within one year | 40/41 | €180,127 | €124,064 | -€56,063 | -31.1% |
| Trade receivables | 40 | €121,700 | €61,439 | -€60,261 | -49.5% |
| Other amounts receivable | 41 | €58,427 | €62,626 | +€4,199 | +7.2% |
| Cash at bank and in hand | 54/58 | €303,825 | €266,889 | -€36,936 | -12.2% |
| Total equity and liabilities | 10/49 | €1,337,751 | €1,242,463 | -€95,288 | -7.1% |
| Equity | 10/15 | €1,047,175 | €1,053,391 | +€6,216 | +0.6% |
| Contributions | 10/11 | €97,000 | €97,000 | = | 0.0% |
| Reserves | 13 | €7,890 | €14,107 | +€6,217 | +78.8% |
| Distributable reserves | 133 | €7,890 | €14,107 | +€6,217 | +78.8% |
| Profit (loss) carried forward | 14 | €942,285 | €942,285 | -€0 | 0.0% |
| Amounts payable | 17/49 | €290,576 | €189,071 | -€101,505 | -34.9% |
| Amounts payable after more than one year | 17 | €159,839 | €145,740 | -€14,099 | -8.8% |
| Financial debts | 170/4 | €159,839 | €145,740 | -€14,099 | -8.8% |
| Amounts payable within one year | 42/48 | €130,737 | €43,331 | -€87,406 | -66.9% |
| Current portion of amounts payable after more than one year | 42 | €13,915 | €14,099 | +€184 | +1.3% |
| Trade debts | 44 | €74,793 | €14,751 | -€60,042 | -80.3% |
| Suppliers | 440/4 | €74,793 | €14,751 | -€60,042 | -80.3% |
| Taxes, remuneration and social security | 45 | €38,399 | €10,851 | -€27,548 | -71.7% |
| Taxes | 450/3 | €13,999 | €10,851 | -€3,148 | -22.5% |
| Remuneration and social security | 454/9 | €24,400 | - | -€24,400 | |
| Other amounts payable | 47/48 | €3,630 | €3,630 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,472 | €2,289 | +€817 | +55.5% |
| Other operating charges | 640/8 | €960 | €965 | +€5 | +0.5% |
| Gross operating margin | 9900 | €19,460 | €20,706 | +€1,246 | +6.4% |
| Operating profit (loss) | 9901 | €17,028 | €17,452 | +€424 | +2.5% |
| Financial charges | 65/66B | €3,925 | €4,469 | +€544 | +13.9% |
| Recurring financial charges | 65 | €3,925 | €4,469 | +€544 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €13,103 | €12,983 | -€120 | -0.9% |
| Income taxes | 67/77 | €5,213 | €6,767 | +€1,554 | +29.8% |
| Profit (loss) for the period | 9904 | €7,890 | €6,217 | -€1,673 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,890 | €6,217 | -€1,673 | -21.2% |
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 3 October 2026 via checked.be.