SATISFACTORY: 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.
SATISFACTORY
Largest movements
- Cash -€233,884
down €233,884 (-100.0%), from €233,884 to €0
mainly Net result for the year (-€199,892) and Tax, wage and social debts (-€88,475)
- Tangible fixed assets -€24,496
down €24,496 (-2.5%), from €979,375 to €954,879
of which Land and buildings: -€33,995
- Profit (loss) carried forward -€199,892
down €199,892 (-74.5%), from €268,281 to €68,389
- Current portion of long-term debt +€130,849
up €130,849 (+253.4%), from €51,634 to €182,483
- Tax, wage and social debts -€88,475
down €88,475 (-76.8%), from €115,190 to €26,715
of which Remuneration and social security: -€95,647
- Debts after one year -€52,388
down €52,388 (-34.7%), from €150,926 to €98,538
- Trade debts -€35,274
down €35,274 (-21.0%), from €168,291 to €133,016
- Gross operating margin -€760,248
down €760,248 (-54.3%), from €1.4m to €640,153
- Staff costs -€591,357
down €591,357 (-45.9%), from €1.3m to €697,509
- Taxes -€36,840
down €36,840 (-56.9%), from €64,775 to €27,935
- Other operating charges +€18,113
up €18,113 (+188.9%), from €9,587 to €27,700
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 | €1,392,861 | €1,149,878 | -€242,983 | -17.4% |
| Fixed assets | 21/28 | €981,650 | €957,154 | -€24,496 | -2.5% |
| Tangible fixed assets | 22/27 | €979,375 | €954,879 | -€24,496 | -2.5% |
| Land and buildings | 22 | €950,205 | €916,210 | -€33,995 | -3.6% |
| Plant, machinery and equipment | 23 | €10,826 | €10,153 | -€672 | -6.2% |
| Furniture and vehicles | 24 | €17,042 | €27,647 | +€10,605 | +62.2% |
| Other tangible fixed assets | 26 | €1,302 | €868 | -€434 | -33.3% |
| Financial fixed assets | 28 | €2,275 | €2,275 | = | 0.0% |
| Current assets | 29/58 | €411,211 | €192,724 | -€218,487 | -53.1% |
| Stocks and contracts in progress | 3 | - | €2,250 | +€2,250 | |
| Stocks | 30/36 | - | €2,250 | +€2,250 | |
| Amounts receivable within one year | 40/41 | €177,327 | €190,474 | +€13,147 | +7.4% |
| Trade receivables | 40 | €167,196 | €180,456 | +€13,260 | +7.9% |
| Other amounts receivable | 41 | €10,131 | €10,018 | -€113 | -1.1% |
| Cash at bank and in hand | 54/58 | €233,884 | €0 | -€233,884 | -100.0% |
| Total equity and liabilities | 10/49 | €1,392,861 | €1,149,878 | -€242,983 | -17.4% |
| Equity | 10/15 | €906,820 | €706,928 | -€199,892 | -22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €430,427 | €430,427 | = | 0.0% |
| Reserves | 13 | €189,512 | €189,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €173,000 | €173,000 | = | 0.0% |
| Other | 1319 | €173,000 | €173,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,252 | €14,252 | = | 0.0% |
| Distributable reserves | 133 | €2,260 | €2,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,281 | €68,389 | -€199,892 | -74.5% |
| Amounts payable | 17/49 | €486,041 | €442,949 | -€43,091 | -8.9% |
| Amounts payable after more than one year | 17 | €150,926 | €98,538 | -€52,388 | -34.7% |
| Financial debts | 170/4 | €150,926 | €98,538 | -€52,388 | -34.7% |
| Amounts payable within one year | 42/48 | €335,115 | €344,411 | +€9,297 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €51,634 | €182,483 | +€130,849 | +253.4% |
| Financial debts | 43 | - | €2,197 | +€2,197 | |
| Credit institutions | 430/8 | - | €2,197 | +€2,197 | |
| Trade debts | 44 | €168,291 | €133,016 | -€35,274 | -21.0% |
| Suppliers | 440/4 | €168,291 | €133,016 | -€35,274 | -21.0% |
| Taxes, remuneration and social security | 45 | €115,190 | €26,715 | -€88,475 | -76.8% |
| Taxes | 450/3 | - | €7,171 | +€7,171 | |
| Remuneration and social security | 454/9 | €115,190 | €19,544 | -€95,647 | -83.0% |
| Remuneration, social security and pensions | 62 | €1,288,867 | €697,509 | -€591,357 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,659 | €64,963 | -€4,696 | -6.7% |
| Other operating charges | 640/8 | €9,587 | €27,700 | +€18,113 | +188.9% |
| Gross operating margin | 9900 | €1,400,401 | €640,153 | -€760,248 | -54.3% |
| Operating profit (loss) | 9901 | €32,289 | -€150,020 | -€182,309 | |
| Financial income | 75/76B | €880 | - | -€880 | |
| Recurring financial income | 75 | €880 | - | -€880 | |
| Financial charges | 65/66B | €8,523 | €21,936 | +€13,413 | +157.4% |
| Recurring financial charges | 65 | €8,523 | €21,936 | +€13,413 | +157.4% |
| Profit (loss) for the period before taxes | 9903 | €24,645 | -€171,956 | -€196,602 | |
| Income taxes | 67/77 | €64,775 | €27,935 | -€36,840 | -56.9% |
| Profit (loss) for the period | 9904 | -€40,130 | -€199,892 | -€159,762 | -398.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,130 | -€199,892 | -€159,762 | -398.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.