SATRABEL: 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.
SATRABEL
Largest movements
- Receivables within one year +€6,308
up €6,308 (+119.0%), from €5,301 to €11,609
of which Trade receivables: +€5,808
- Cash +€2,970
up €2,970 (+10.1%), from €29,375 to €32,345
mainly Net result for the year (+€5,688) and Depreciation (+€2,303)
- Tangible fixed assets -€2,303
down €2,303 (-53.1%), from €4,334 to €2,031
- Profit (loss) carried forward +€5,688
up €5,688 (+34.3%), from €16,582 to €22,270
- Tax, wage and social debts +€673
up €673 (+18.8%), from €3,580 to €4,253
- Trade debts +€564
up €564 (+16.8%), from €3,359 to €3,923
- Gross operating margin +€5,279
up €5,279 (+152.8%), from €3,455 to €8,734
- Depreciation -€375
down €375 (-14.0%), from €2,678 to €2,303
- Other operating charges +€118
up €118 (+22.6%), from €522 to €640
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 | €39,963 | €46,977 | +€7,014 | +17.6% |
| Fixed assets | 21/28 | €4,334 | €2,031 | -€2,303 | -53.1% |
| Tangible fixed assets | 22/27 | €4,334 | €2,031 | -€2,303 | -53.1% |
| Furniture and vehicles | 24 | €4,334 | €2,031 | -€2,303 | -53.1% |
| Current assets | 29/58 | €35,629 | €44,946 | +€9,317 | +26.1% |
| Amounts receivable within one year | 40/41 | €5,301 | €11,609 | +€6,308 | +119.0% |
| Trade receivables | 40 | €5,301 | €11,109 | +€5,808 | +109.6% |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €29,375 | €32,345 | +€2,970 | +10.1% |
| Deferred charges and accrued income | 490/1 | €953 | €992 | +€39 | +4.1% |
| Total equity and liabilities | 10/49 | €39,963 | €46,977 | +€7,014 | +17.6% |
| Equity | 10/15 | €21,582 | €27,270 | +€5,688 | +26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,582 | €22,270 | +€5,688 | +34.3% |
| Amounts payable | 17/49 | €18,381 | €19,707 | +€1,326 | +7.2% |
| Amounts payable within one year | 42/48 | €18,381 | €19,707 | +€1,326 | +7.2% |
| Financial debts | 43 | €138 | €0 | -€138 | -100.0% |
| Credit institutions | 430/8 | €138 | €0 | -€138 | -100.0% |
| Trade debts | 44 | €3,359 | €3,923 | +€564 | +16.8% |
| Suppliers | 440/4 | €3,359 | €3,923 | +€564 | +16.8% |
| Taxes, remuneration and social security | 45 | €3,580 | €4,253 | +€673 | +18.8% |
| Taxes | 450/3 | €3,580 | €4,253 | +€673 | +18.8% |
| Other amounts payable | 47/48 | €11,304 | €11,531 | +€227 | +2.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,678 | €2,303 | -€375 | -14.0% |
| Other operating charges | 640/8 | €522 | €640 | +€118 | +22.6% |
| Gross operating margin | 9900 | €3,455 | €8,734 | +€5,279 | +152.8% |
| Operating profit (loss) | 9901 | €255 | €5,791 | +€5,536 | +2171.0% |
| Financial income | 75/76B | €13 | €1 | -€12 | -94.2% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -94.2% |
| Financial charges | 65/66B | €126 | €103 | -€23 | -17.9% |
| Recurring financial charges | 65 | €126 | €103 | -€23 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €142 | €5,688 | +€5,546 | +3905.9% |
| Profit (loss) for the period | 9904 | €142 | €5,688 | +€5,546 | +3905.9% |
| Profit (loss) for the period to be appropriated | 9905 | €142 | €5,688 | +€5,546 | +3905.9% |
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 8 October 2026 via checked.be.