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
- Tangible fixed assets +€291,380
up €291,380 (+404.9%), from €71,961 to €363,341
of which Land and buildings: +€299,789
- Receivables within one year +€54,040
up €54,040 (+253.1%), from €21,350 to €75,391
of which Other amounts receivable: +€62,997
- Cash +€10,979
up €10,979 (+1771.2%), from €620 to €11,599
mainly Debts after one year (+€285,579) and Current portion of long-term debt (+€59,850)
- Debts after one year +€285,579
up €285,579 (+658.2%), from €43,385 to €328,964
- Current portion of long-term debt +€59,850
new in 2025: €59,850
- Other debts +€17,892
up €17,892 (+1625.7%), from €1,101 to €18,993
- Profit (loss) carried forward -€15,206
down €15,206 (-100.0%), from €15,206 to €0
- Reserves +€11,776
new in 2025: €11,776
- Gross operating margin -€14,720
down €14,720 (-62.6%), from €23,497 to €8,777
- Depreciation +€4,631
up €4,631 (+107.1%), from €4,325 to €8,956
- Taxes -€2,307
down €2,307 (-87.5%), from €2,637 to €330
- Financial charges +€1,577
up €1,577 (+198.1%), from €796 to €2,374
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 | €96,922 | €452,850 | +€355,928 | +367.2% |
| Fixed assets | 21/28 | €73,390 | €364,434 | +€291,044 | +396.6% |
| Intangible fixed assets | 21 | €1,429 | €1,093 | -€336 | -23.5% |
| Tangible fixed assets | 22/27 | €71,961 | €363,341 | +€291,380 | +404.9% |
| Land and buildings | 22 | - | €299,789 | +€299,789 | |
| Plant, machinery and equipment | 23 | €474 | €366 | -€108 | -22.8% |
| Furniture and vehicles | 24 | €6,649 | €5,146 | -€1,504 | -22.6% |
| Other tangible fixed assets | 26 | €64,838 | €58,041 | -€6,798 | -10.5% |
| Current assets | 29/58 | €23,532 | €88,416 | +€64,884 | +275.7% |
| Amounts receivable within one year | 40/41 | €21,350 | €75,391 | +€54,040 | +253.1% |
| Trade receivables | 40 | €16,446 | €7,490 | -€8,956 | -54.5% |
| Other amounts receivable | 41 | €4,904 | €67,901 | +€62,997 | +1284.6% |
| Cash at bank and in hand | 54/58 | €620 | €11,599 | +€10,979 | +1771.2% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,427 | -€135 | -8.7% |
| Total equity and liabilities | 10/49 | €96,922 | €452,850 | +€355,928 | +367.2% |
| Equity | 10/15 | €40,206 | €36,776 | -€3,430 | -8.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €11,776 | +€11,776 | |
| Distributable reserves | 133 | - | €11,776 | +€11,776 | |
| Profit (loss) carried forward | 14 | €15,206 | €0 | -€15,206 | -100.0% |
| Amounts payable | 17/49 | €56,716 | €416,074 | +€359,357 | +633.6% |
| Amounts payable after more than one year | 17 | €43,385 | €328,964 | +€285,579 | +658.2% |
| Financial debts | 170/4 | €43,385 | €328,964 | +€285,579 | +658.2% |
| Amounts payable within one year | 42/48 | €13,331 | €86,947 | +€73,616 | +552.2% |
| Current portion of amounts payable after more than one year | 42 | - | €59,850 | +€59,850 | |
| Financial debts | 43 | €5,879 | €6,387 | +€508 | +8.6% |
| Credit institutions | 430/8 | €5,879 | €6,387 | +€508 | +8.6% |
| Trade debts | 44 | €2,483 | €1,317 | -€1,166 | -47.0% |
| Suppliers | 440/4 | €2,483 | €1,317 | -€1,166 | -47.0% |
| Taxes, remuneration and social security | 45 | €3,868 | €399 | -€3,469 | -89.7% |
| Taxes | 450/3 | €3,868 | €399 | -€3,469 | -89.7% |
| Other amounts payable | 47/48 | €1,101 | €18,993 | +€17,892 | +1625.7% |
| Accrued charges and deferred income | 492/3 | - | €163 | +€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,325 | €8,956 | +€4,631 | +107.1% |
| Other operating charges | 640/8 | €532 | €547 | +€15 | +2.9% |
| Gross operating margin | 9900 | €23,497 | €8,777 | -€14,720 | -62.6% |
| Operating profit (loss) | 9901 | €18,639 | -€727 | -€19,366 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +2450.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +2450.0% |
| Financial charges | 65/66B | €796 | €2,374 | +€1,577 | +198.1% |
| Recurring financial charges | 65 | €796 | €2,374 | +€1,577 | +198.1% |
| Profit (loss) for the period before taxes | 9903 | €17,843 | -€3,100 | -€20,943 | |
| Income taxes | 67/77 | €2,637 | €330 | -€2,307 | -87.5% |
| Profit (loss) for the period | 9904 | €15,206 | -€3,430 | -€18,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,206 | -€3,430 | -€18,635 |
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 9 October 2026 via checked.be.