SATRANS: 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.
SATRANS
Largest movements
- Receivables within one year +€49,075
up €49,075 (+166.6%), from €29,453 to €78,528
of which Trade receivables: +€40,717
- Tangible fixed assets -€25,330
down €25,330 (-50.7%), from €49,991 to €24,661
of which Furniture and vehicles: -€17,030
- Cash +€3,029
up €3,029 (+67.4%), from €4,497 to €7,526
mainly Trade debts (+€30,782) and Debts after one year (+€23,856)
- Profit (loss) carried forward -€31,569
down €31,569 (-98.6%), from €32,028 to €459
- Trade debts +€30,782
up €30,782 (+470.9%), from €6,537 to €37,319
- Debts after one year +€23,856
up €23,856 (+133.6%), from €17,852 to €41,708
- Current portion of long-term debt +€5,123
up €5,123 (+29.7%), from €17,254 to €22,377
- Accrued charges and deferred income -€1,645
no longer reported in 2025 (was €1,645)
- Gross operating margin -€39,688
down €39,688, from €24,867 to -€14,821
- Depreciation -€7,756
down €7,756 (-35.7%), from €21,698 to €13,942
- Financial charges -€1,708
down €1,708 (-40.0%), from €4,266 to €2,558
- Taxes -€269
down €269 (-71.9%), from €374 to €105
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 | €84,473 | €111,125 | +€26,652 | +31.6% |
| Fixed assets | 21/28 | €49,991 | €24,661 | -€25,330 | -50.7% |
| Tangible fixed assets | 22/27 | €49,991 | €24,661 | -€25,330 | -50.7% |
| Plant, machinery and equipment | 23 | €21,104 | €12,804 | -€8,300 | -39.3% |
| Furniture and vehicles | 24 | €28,887 | €11,857 | -€17,030 | -59.0% |
| Current assets | 29/58 | €34,482 | €86,464 | +€51,982 | +150.8% |
| Amounts receivable within one year | 40/41 | €29,453 | €78,528 | +€49,075 | +166.6% |
| Trade receivables | 40 | €20,073 | €60,790 | +€40,717 | +202.8% |
| Other amounts receivable | 41 | €9,380 | €17,738 | +€8,358 | +89.1% |
| Cash at bank and in hand | 54/58 | €4,497 | €7,526 | +€3,029 | +67.4% |
| Deferred charges and accrued income | 490/1 | €532 | €410 | -€122 | -22.9% |
| Total equity and liabilities | 10/49 | €84,473 | €111,125 | +€26,652 | +31.6% |
| Equity | 10/15 | €39,618 | €8,049 | -€31,569 | -79.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,390 | €1,390 | = | 0.0% |
| Distributable reserves | 133 | €1,390 | €1,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,028 | €459 | -€31,569 | -98.6% |
| Amounts payable | 17/49 | €44,855 | €103,076 | +€58,221 | +129.8% |
| Amounts payable after more than one year | 17 | €17,852 | €41,708 | +€23,856 | +133.6% |
| Financial debts | 170/4 | €17,852 | €41,708 | +€23,856 | +133.6% |
| Amounts payable within one year | 42/48 | €25,358 | €61,368 | +€36,010 | +142.0% |
| Current portion of amounts payable after more than one year | 42 | €17,254 | €22,377 | +€5,123 | +29.7% |
| Trade debts | 44 | €6,537 | €37,319 | +€30,782 | +470.9% |
| Suppliers | 440/4 | €6,537 | €37,319 | +€30,782 | +470.9% |
| Taxes, remuneration and social security | 45 | €1,567 | €1,672 | +€105 | +6.7% |
| Taxes | 450/3 | €1,567 | €1,672 | +€105 | +6.7% |
| Accrued charges and deferred income | 492/3 | €1,645 | - | -€1,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,698 | €13,942 | -€7,756 | -35.7% |
| Other operating charges | 640/8 | €128 | €149 | +€21 | +16.4% |
| Gross operating margin | 9900 | €24,867 | -€14,821 | -€39,688 | |
| Operating profit (loss) | 9901 | €3,041 | -€28,912 | -€31,953 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €4,266 | €2,558 | -€1,708 | -40.0% |
| Recurring financial charges | 65 | €4,266 | €2,558 | -€1,708 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,225 | -€31,464 | -€30,239 | -2468.5% |
| Income taxes | 67/77 | €374 | €105 | -€269 | -71.9% |
| Profit (loss) for the period | 9904 | -€1,599 | -€31,569 | -€29,970 | -1874.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,599 | -€31,569 | -€29,970 | -1874.3% |
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 9 October 2026 via checked.be.