Satori: 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.
Satori
Largest movements
- Stocks and contracts +€85,295
up €85,295 (+53.4%), from €159,638 to €244,933
- Receivables within one year -€68,420
down €68,420 (-44.2%), from €154,634 to €86,214
of which Trade receivables: -€72,508
- Cash -€31,728
down €31,728 (-25.7%), from €123,541 to €91,813
mainly Stocks and contracts (-€85,295) and Current portion of long-term debt (-€34,782)
- Tangible fixed assets -€22,516
down €22,516 (-18.6%), from €121,194 to €98,678
of which Furniture and vehicles: -€14,394
- Current portion of long-term debt -€34,782
down €34,782 (-26.8%), from €129,696 to €94,915
- Other debts -€27,812
down €27,812 (-26.9%), from €103,317 to €75,506
- Tax, wage and social debts +€14,336
up €14,336 (+34.1%), from €42,046 to €56,382
of which Taxes: +€7,421
- Trade debts +€7,603
up €7,603 (+73.8%), from €10,307 to €17,909
- Staff costs +€55,679
up €55,679 (+52.5%), from €106,139 to €161,818
- Gross operating margin +€50,102
up €50,102 (+29.9%), from €167,596 to €217,697
- Depreciation +€9,010
up €9,010 (+32.0%), from €28,162 to €37,172
- Taxes -€3,316
down €3,316 (-44.2%), from €7,503 to €4,187
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 | €573,836 | €533,353 | -€40,484 | -7.1% |
| Fixed assets | 21/28 | €133,218 | €107,903 | -€25,315 | -19.0% |
| Intangible fixed assets | 21 | €10,424 | €7,625 | -€2,799 | -26.9% |
| Tangible fixed assets | 22/27 | €121,194 | €98,678 | -€22,516 | -18.6% |
| Plant, machinery and equipment | 23 | €10,668 | €8,030 | -€2,638 | -24.7% |
| Furniture and vehicles | 24 | €52,681 | €38,287 | -€14,394 | -27.3% |
| Other tangible fixed assets | 26 | €57,845 | €52,361 | -€5,484 | -9.5% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €440,618 | €425,450 | -€15,168 | -3.4% |
| Stocks and contracts in progress | 3 | €159,638 | €244,933 | +€85,295 | +53.4% |
| Stocks | 30/36 | €159,638 | €244,933 | +€85,295 | +53.4% |
| Amounts receivable within one year | 40/41 | €154,634 | €86,214 | -€68,420 | -44.2% |
| Trade receivables | 40 | €154,634 | €82,126 | -€72,508 | -46.9% |
| Other amounts receivable | 41 | €0 | €4,089 | +€4,089 | |
| Cash at bank and in hand | 54/58 | €123,541 | €91,813 | -€31,728 | -25.7% |
| Deferred charges and accrued income | 490/1 | €2,806 | €2,491 | -€315 | -11.2% |
| Total equity and liabilities | 10/49 | €573,836 | €533,353 | -€40,484 | -7.1% |
| Equity | 10/15 | €71,181 | €76,267 | +€5,086 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,581 | €57,667 | +€5,086 | +9.7% |
| Distributable reserves | 133 | €52,581 | €57,667 | +€5,086 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €502,656 | €457,086 | -€45,570 | -9.1% |
| Amounts payable after more than one year | 17 | €217,289 | €212,374 | -€4,915 | -2.3% |
| Financial debts | 170/4 | €217,289 | €212,374 | -€4,915 | -2.3% |
| Amounts payable within one year | 42/48 | €285,366 | €244,711 | -€40,655 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €129,696 | €94,915 | -€34,782 | -26.8% |
| Trade debts | 44 | €10,307 | €17,909 | +€7,603 | +73.8% |
| Suppliers | 440/4 | €10,307 | €17,909 | +€7,603 | +73.8% |
| Taxes, remuneration and social security | 45 | €42,046 | €56,382 | +€14,336 | +34.1% |
| Taxes | 450/3 | €21,035 | €28,456 | +€7,421 | +35.3% |
| Remuneration and social security | 454/9 | €21,011 | €27,926 | +€6,915 | +32.9% |
| Other amounts payable | 47/48 | €103,317 | €75,506 | -€27,812 | -26.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €106,139 | €161,818 | +€55,679 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,162 | €37,172 | +€9,010 | +32.0% |
| Other operating charges | 640/8 | €1,070 | €1,998 | +€928 | +86.7% |
| Gross operating margin | 9900 | €167,596 | €217,697 | +€50,102 | +29.9% |
| Operating profit (loss) | 9901 | €32,225 | €16,710 | -€15,516 | -48.1% |
| Financial income | 75/76B | €699 | €1,596 | +€896 | +128.2% |
| Recurring financial income | 75 | €699 | €1,596 | +€896 | +128.2% |
| Financial charges | 65/66B | €7,708 | €9,032 | +€1,324 | +17.2% |
| Recurring financial charges | 65 | €7,708 | €9,032 | +€1,324 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €25,217 | €9,273 | -€15,943 | -63.2% |
| Income taxes | 67/77 | €7,503 | €4,187 | -€3,316 | -44.2% |
| Profit (loss) for the period | 9904 | €17,713 | €5,086 | -€12,627 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,713 | €5,086 | -€12,627 | -71.3% |
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 10 October 2026 via checked.be.