SATRAD: 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.
SATRAD
Largest movements
- Tangible fixed assets +€46,429
up €46,429 (+1.1%), from €4.1m to €4.2m
of which Land and buildings: +€50,236
- Receivables within one year -€44,499
down €44,499 (-38.5%), from €115,442 to €70,943
- Current portion of long-term debt -€138,110
down €138,110 (-47.6%), from €290,424 to €152,314
- Profit (loss) carried forward +€129,071
up €129,071 (+89.6%), from -€144,107 to -€15,036
- Debts after one year +€128,903
up €128,903 (+6.1%), from €2.1m to €2.2m
of which Other amounts payable: +€172,040
- Reserves -€72,650
down €72,650 (-5.6%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€72,650
- Financial charges -€16,609
down €16,609 (-28.2%), from €58,902 to €42,292
- Gross operating margin +€9,797
up €9,797 (+5.0%), from €196,180 to €205,976
- Depreciation +€6,454
up €6,454 (+5.2%), from €123,816 to €130,270
- Other operating charges -€3,908
down €3,908 (-80.2%), from €4,876 to €968
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,280,265 | €4,300,235 | +€19,969 | +0.5% |
| Fixed assets | 21/28 | €4,123,923 | €4,170,352 | +€46,429 | +1.1% |
| Tangible fixed assets | 22/27 | €4,123,923 | €4,170,352 | +€46,429 | +1.1% |
| Land and buildings | 22 | €4,101,226 | €4,151,462 | +€50,236 | +1.2% |
| Plant, machinery and equipment | 23 | €21,978 | €18,351 | -€3,626 | -16.5% |
| Furniture and vehicles | 24 | €719 | €539 | -€180 | -25.0% |
| Current assets | 29/58 | €156,342 | €129,882 | -€26,460 | -16.9% |
| Amounts receivable within one year | 40/41 | €115,442 | €70,943 | -€44,499 | -38.5% |
| Other amounts receivable | 41 | €115,442 | €70,943 | -€44,499 | -38.5% |
| Cash at bank and in hand | 54/58 | €868 | €17,963 | +€17,095 | +1969.5% |
| Deferred charges and accrued income | 490/1 | €40,032 | €40,976 | +€943 | +2.4% |
| Total equity and liabilities | 10/49 | €4,280,265 | €4,300,235 | +€19,969 | +0.5% |
| Equity | 10/15 | €1,250,368 | €1,306,789 | +€56,420 | +4.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,295,318 | €1,222,668 | -€72,650 | -5.6% |
| Non-distributable reserves | 130/1 | €5,764 | €5,764 | = | 0.0% |
| Legal reserve | 130 | €5,764 | €5,764 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,289,554 | €1,216,903 | -€72,650 | -5.6% |
| Profit (loss) carried forward | 14 | -€144,107 | -€15,036 | +€129,071 | +89.6% |
| Provisions and deferred taxes | 16 | €623,348 | €599,374 | -€23,974 | -3.8% |
| Deferred taxes | 168 | €623,348 | €599,374 | -€23,974 | -3.8% |
| Amounts payable | 17/49 | €2,406,549 | €2,394,072 | -€12,477 | -0.5% |
| Amounts payable after more than one year | 17 | €2,109,250 | €2,238,154 | +€128,903 | +6.1% |
| Financial debts | 170/4 | €2,106,150 | €2,063,014 | -€43,136 | -2.0% |
| Other amounts payable | 178/9 | €3,100 | €175,140 | +€172,040 | +5549.7% |
| Amounts payable within one year | 42/48 | €297,298 | €155,918 | -€141,380 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €290,424 | €152,314 | -€138,110 | -47.6% |
| Financial debts | 43 | €49 | €49 | = | 0.0% |
| Credit institutions | 430/8 | €49 | €49 | = | 0.0% |
| Trade debts | 44 | €6,825 | €3,555 | -€3,270 | -47.9% |
| Suppliers | 440/4 | €6,825 | €3,555 | -€3,270 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,816 | €130,270 | +€6,454 | +5.2% |
| Other operating charges | 640/8 | €4,876 | €968 | -€3,908 | -80.2% |
| Gross operating margin | 9900 | €196,180 | €205,976 | +€9,797 | +5.0% |
| Operating profit (loss) | 9901 | €67,488 | €74,739 | +€7,251 | +10.7% |
| Financial charges | 65/66B | €58,902 | €42,292 | -€16,609 | -28.2% |
| Recurring financial charges | 65 | €58,902 | €42,292 | -€16,609 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €8,586 | €32,446 | +€23,860 | +277.9% |
| Transfer from deferred taxes | 780 | - | €23,974 | +€23,974 | |
| Profit (loss) for the period | 9904 | €8,586 | €56,420 | +€47,834 | +557.1% |
| Transfer from tax-exempt reserves | 789 | €48,676 | €48,676 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,263 | €105,097 | +€47,834 | +83.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.