Satko: 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.
Satko
Largest movements
- Receivables within one year +€15,309
up €15,309 (+88.3%), from €17,331 to €32,640
of which Trade receivables: +€14,689
- Deferred charges and accrued income -€11,399
down €11,399 (-97.1%), from €11,735 to €336
- Tangible fixed assets -€8,461
down €8,461 (-56.9%), from €14,876 to €6,415
of which Furniture and vehicles: -€7,759
- Profit (loss) carried forward -€5,467
no longer reported in 2025 (was €5,467)
- Other debts +€5,298
up €5,298 (+17.1%), from €30,904 to €36,202
- Current portion of long-term debt -€4,113
down €4,113 (-57.9%), from €7,107 to €2,993
- Debts after one year -€2,993
no longer reported in 2025 (was €2,993)
- Trade debts +€2,105
up €2,105 (+109.9%), from €1,915 to €4,019
- Gross operating margin -€4,121
down €4,121 (-7.4%), from €55,543 to €51,422
- Other operating charges +€2,348
up €2,348 (+980.2%), from €240 to €2,587
- Taxes -€1,031
down €1,031 (-10.9%), from €9,444 to €8,413
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 | €82,391 | €77,965 | -€4,426 | -5.4% |
| Fixed assets | 21/28 | €14,876 | €6,415 | -€8,461 | -56.9% |
| Tangible fixed assets | 22/27 | €14,876 | €6,415 | -€8,461 | -56.9% |
| Plant, machinery and equipment | 23 | €3,468 | €2,766 | -€702 | -20.2% |
| Furniture and vehicles | 24 | €11,408 | €3,649 | -€7,759 | -68.0% |
| Current assets | 29/58 | €67,515 | €71,550 | +€4,035 | +6.0% |
| Amounts receivable within one year | 40/41 | €17,331 | €32,640 | +€15,309 | +88.3% |
| Trade receivables | 40 | €17,331 | €32,020 | +€14,689 | +84.8% |
| Other amounts receivable | 41 | - | €620 | +€620 | |
| Cash at bank and in hand | 54/58 | €38,450 | €38,574 | +€124 | +0.3% |
| Deferred charges and accrued income | 490/1 | €11,735 | €336 | -€11,399 | -97.1% |
| Total equity and liabilities | 10/49 | €82,391 | €77,965 | -€4,426 | -5.4% |
| Equity | 10/15 | €27,043 | €21,576 | -€5,467 | -20.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,576 | €19,576 | = | 0.0% |
| Distributable reserves | 133 | €19,576 | €19,576 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,467 | - | -€5,467 | |
| Amounts payable | 17/49 | €55,348 | €56,389 | +€1,041 | +1.9% |
| Amounts payable after more than one year | 17 | €2,993 | - | -€2,993 | |
| Financial debts | 170/4 | €2,993 | - | -€2,993 | |
| Amounts payable within one year | 42/48 | €52,355 | €56,310 | +€3,955 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €7,107 | €2,993 | -€4,113 | -57.9% |
| Trade debts | 44 | €1,915 | €4,019 | +€2,105 | +109.9% |
| Suppliers | 440/4 | €1,915 | €4,019 | +€2,105 | +109.9% |
| Taxes, remuneration and social security | 45 | €12,429 | €13,095 | +€666 | +5.4% |
| Taxes | 450/3 | €12,429 | €13,095 | +€666 | +5.4% |
| Other amounts payable | 47/48 | €30,904 | €36,202 | +€5,298 | +17.1% |
| Accrued charges and deferred income | 492/3 | - | €79 | +€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,012 | €9,823 | -€189 | -1.9% |
| Other operating charges | 640/8 | €240 | €2,587 | +€2,348 | +980.2% |
| Gross operating margin | 9900 | €55,543 | €51,422 | -€4,121 | -7.4% |
| Operating profit (loss) | 9901 | €45,291 | €39,012 | -€6,279 | -13.9% |
| Financial income | 75/76B | €1 | €462 | +€461 | +50645.1% |
| Recurring financial income | 75 | €1 | €462 | +€461 | +50645.1% |
| Financial charges | 65/66B | €382 | €326 | -€56 | -14.6% |
| Recurring financial charges | 65 | €382 | €326 | -€56 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €44,911 | €39,148 | -€5,763 | -12.8% |
| Income taxes | 67/77 | €9,444 | €8,413 | -€1,031 | -10.9% |
| Profit (loss) for the period | 9904 | €35,467 | €30,735 | -€4,732 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,467 | €30,735 | -€4,732 | -13.3% |
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 7 October 2026 via checked.be.