SATIVALL: what changed
Two financial 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.
SATIVALL
Largest movements
- Stocks and contracts -€28,580
down €28,580 (-28.9%), from €98,917 to €70,336
- Receivables within one year +€7,293
up €7,293 (+132%), from €5,535 to €12,828
of which Trade receivables: +€8,951
- Cash -€5,458
down €5,458 (-21.2%), from €25,765 to €20,308
mainly Net result for the year (-€21,280) and Receivables within one year (-€7,293)
- Deferred charges and accrued income +€2,913
up €2,913 (+110%), from €2,644 to €5,558
- Profit (loss) carried forward -€21,280
down €21,280 (-39.2%), from -€54,321 to -€75,601
- Other debts -€1,938
down €1,938 (-1.9%), from €103,406 to €101,468
- Tax, wage and social debts +€1,526
up €1,526 (+15.2%), from €10,049 to €11,576
of which Taxes: +€3,188
- Write-downs +€21,043
new in 2025: €21,043
- Gross operating margin +€20,690
up €20,690 (+74.9%), from €27,618 to €48,308
- Staff costs +€548
up €548 (+1.2%), from €44,885 to €45,433
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.
Derived cash bridge
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 | €134,409 | €111,399 | -€23,010 | -17.1% |
| Fixed assets | 21/28 | €1,548 | €2,369 | +€822 | +53.1% |
| Tangible fixed assets | 22/27 | €1,336 | €2,157 | +€822 | +61.5% |
| Furniture and vehicles | 24 | €1,336 | €2,157 | +€822 | +61.5% |
| Financial fixed assets | 28 | €212 | €212 | = | 0.0% |
| Current assets | 29/58 | €132,861 | €109,030 | -€23,831 | -17.9% |
| Stocks and contracts in progress | 3 | €98,917 | €70,336 | -€28,580 | -28.9% |
| Stocks | 30/36 | €98,917 | €70,336 | -€28,580 | -28.9% |
| Amounts receivable within one year | 40/41 | €5,535 | €12,828 | +€7,293 | +132% |
| Trade receivables | 40 | €3,859 | €12,810 | +€8,951 | +232% |
| Other amounts receivable | 41 | €1,675 | €18 | -€1,658 | -98.9% |
| Cash at bank and in hand | 54/58 | €25,765 | €20,308 | -€5,458 | -21.2% |
| Deferred charges and accrued income | 490/1 | €2,644 | €5,558 | +€2,913 | +110% |
| Total equity and liabilities | 10/49 | €134,409 | €111,399 | -€23,010 | -17.1% |
| Equity | 10/15 | €17,156 | -€4,124 | -€21,280 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,477 | €9,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,528 | €3,528 | = | 0.0% |
| Legal reserve | 130 | €3,528 | €3,528 | = | 0.0% |
| Distributable reserves | 133 | €5,949 | €5,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,321 | -€75,601 | -€21,280 | -39.2% |
| Amounts payable | 17/49 | €117,252 | €115,523 | -€1,729 | -1.5% |
| Amounts payable within one year | 42/48 | €117,252 | €115,523 | -€1,729 | -1.5% |
| Trade debts | 44 | €3,797 | €2,479 | -€1,318 | -34.7% |
| Suppliers | 440/4 | €3,797 | €2,479 | -€1,318 | -34.7% |
| Taxes, remuneration and social security | 45 | €10,049 | €11,576 | +€1,526 | +15.2% |
| Taxes | 450/3 | €164 | €3,353 | +€3,188 | +1,939% |
| Remuneration and social security | 454/9 | €9,885 | €8,223 | -€1,662 | -16.8% |
| Other amounts payable | 47/48 | €103,406 | €101,468 | -€1,938 | -1.9% |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Remuneration, social security and pensions | 62 | €44,885 | €45,433 | +€548 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685 | €962 | +€277 | +40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,043 | +€21,043 | |
| Other operating charges | 640/8 | €1,259 | €1,182 | -€77 | -6.1% |
| Non-recurring operating charges | 66A | €438 | €63 | -€375 | -85.5% |
| Gross operating margin | 9900 | €27,618 | €48,308 | +€20,690 | +74.9% |
| Operating profit (loss) | 9901 | -€19,649 | -€20,375 | -€726 | -3.7% |
| Financial income | 75/76B | €118 | - | -€118 | |
| Recurring financial income | 75 | €118 | - | -€118 | |
| Financial charges | 65/66B | €305 | €766 | +€462 | +151% |
| Recurring financial charges | 65 | €305 | €766 | +€462 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€19,836 | -€21,141 | -€1,305 | -6.6% |
| Income taxes | 67/77 | - | €139 | +€139 | |
| Profit (loss) for the period | 9904 | -€19,836 | -€21,280 | -€1,444 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,836 | -€21,280 | -€1,444 | -7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.