Satriales: 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.
What changed
Satriales
NACE 68.121, Development of residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€112,349
2023 · €2,709-€115,058
Equity
€3.1m
2023 · €3.3m-€112,349
Cash
€14,341
2023 · €19,546-€5,204
Balance sheet total
€8.5m
2023 · €5.7m+€2.8m
Largest movements
Assets
- Financial fixed assets +€2.6m
up €2.6m (+87.9%), from €2.9m to €5.5m
Equity and liabilities
- Other debts +€2.6m
up €2.6m (+371.3%), from €700,000 to €3.3m
- Debts after one year +€706,826
up €706,826 (+133.0%), from €531,529 to €1.2m
- Short-term financial debts -€480,000
down €480,000 (-44.4%), from €1.1m to €600,000
- Profit (loss) carried forward -€112,349
new in 2024: -€112,349
Income statement
- Gross operating margin -€131,624
down €131,624 (-90.2%), from €145,926 to €14,302
- Financial charges +€55,120
up €55,120 (+87.1%), from €63,280 to €118,400
- Other operating charges -€38,792
down €38,792 (-70.5%), from €55,058 to €16,266
- Financial income +€18,224
up €18,224 (+390.8%), from €4,664 to €22,888
- Taxes -€13,795
no longer reported in 2024 (was €13,795)
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.
Result 2023
€2,709
Gross operating margin
-€131,624
Depreciation
-€709
Other operating charges
+€38,792
Other operating items
+€1,585
Financial income
+€18,224
Financial charges
-€55,120
Taxes
+€13,795
Result 2024
-€112,349
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.
From operations
+€2.4m
Investment
-€2.6m
Financing
+€272,603
Cash 2023
€19,546
From operations (derived)
+€2.4m
Net result for the year
-€112,349
Depreciation
+€14,872
Stocks and contracts
-€46,152
Receivables within one year
-€57,882
Deferred charges and accrued income
-€40,150
Trade debts
-€18,694
Tax, wage and social debts
-€14,227
Other debts
+€2.6m
Accrued charges and deferred income
+€46,112
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€272,603
Debts after one year
+€706,826
Current portion of long-term debt
+€45,777
Short-term financial debts
-€480,000
Cash 2024
€14,341
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,696,423 | €8,468,868 | +€2.8m | +48.7% |
| Fixed assets | 21/28 | €2,973,702 | €5,607,167 | +€2.6m | +88.6% |
| Tangible fixed assets | 22/27 | €46,202 | €107,167 | +€60,964 | +132.0% |
| Plant, machinery and equipment | 23 | - | €5,210 | +€5,210 | |
| Furniture and vehicles | 24 | €46,202 | €53,957 | +€7,755 | +16.8% |
| Other tangible fixed assets | 26 | - | €48,000 | +€48,000 | |
| Financial fixed assets | 28 | €2,927,500 | €5,500,000 | +€2.6m | +87.9% |
| Current assets | 29/58 | €2,722,721 | €2,861,702 | +€138,980 | +5.1% |
| Stocks and contracts in progress | 3 | €2,270,208 | €2,316,360 | +€46,152 | +2.0% |
| Stocks | 30/36 | €2,270,208 | €2,316,360 | +€46,152 | +2.0% |
| Amounts receivable within one year | 40/41 | €429,367 | €487,249 | +€57,882 | +13.5% |
| Trade receivables | 40 | €47,170 | €43,259 | -€3,911 | -8.3% |
| Other amounts receivable | 41 | €382,197 | €443,991 | +€61,793 | +16.2% |
| Cash at bank and in hand | 54/58 | €19,546 | €14,341 | -€5,204 | -26.6% |
| Deferred charges and accrued income | 490/1 | €3,601 | €43,751 | +€40,150 | +1115.1% |
| Total equity and liabilities | 10/49 | €5,696,423 | €8,468,868 | +€2.8m | +48.7% |
| Equity | 10/15 | €3,259,596 | €3,147,247 | -€112,349 | -3.4% |
| Contributions | 10/11 | €3,177,500 | €3,177,500 | = | 0.0% |
| Reserves | 13 | €82,096 | €82,096 | = | 0.0% |
| Distributable reserves | 133 | €82,096 | €82,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€112,349 | -€112,349 | |
| Amounts payable | 17/49 | €2,436,828 | €5,321,621 | +€2.9m | +118.4% |
| Amounts payable after more than one year | 17 | €531,529 | €1,238,355 | +€706,826 | +133.0% |
| Financial debts | 170/4 | €531,529 | €1,238,355 | +€706,826 | +133.0% |
| Amounts payable within one year | 42/48 | €1,902,646 | €4,034,502 | +€2.1m | +112.0% |
| Current portion of amounts payable after more than one year | 42 | €50,197 | €95,974 | +€45,777 | +91.2% |
| Financial debts | 43 | €1,080,000 | €600,000 | -€480,000 | -44.4% |
| Credit institutions | 430/8 | €1,080,000 | €600,000 | -€480,000 | -44.4% |
| Trade debts | 44 | €44,058 | €25,364 | -€18,694 | -42.4% |
| Suppliers | 440/4 | €44,058 | €25,364 | -€18,694 | -42.4% |
| Taxes, remuneration and social security | 45 | €28,391 | €14,165 | -€14,227 | -50.1% |
| Taxes | 450/3 | €28,391 | €14,165 | -€14,227 | -50.1% |
| Other amounts payable | 47/48 | €700,000 | €3,299,000 | +€2.6m | +371.3% |
| Accrued charges and deferred income | 492/3 | €2,652 | €48,765 | +€46,112 | +1738.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,163 | €14,872 | +€709 | +5.0% |
| Other operating charges | 640/8 | €55,058 | €16,266 | -€38,792 | -70.5% |
| Non-recurring operating charges | 66A | €1,585 | - | -€1,585 | |
| Gross operating margin | 9900 | €145,926 | €14,302 | -€131,624 | -90.2% |
| Operating profit (loss) | 9901 | €75,120 | -€16,836 | -€91,957 | |
| Financial income | 75/76B | €4,664 | €22,888 | +€18,224 | +390.8% |
| Recurring financial income | 75 | €4,664 | €22,888 | +€18,224 | +390.8% |
| Financial charges | 65/66B | €63,280 | €118,400 | +€55,120 | +87.1% |
| Recurring financial charges | 65 | €63,280 | €118,400 | +€55,120 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €16,504 | -€112,349 | -€128,853 | |
| Income taxes | 67/77 | €13,795 | - | -€13,795 | |
| Profit (loss) for the period | 9904 | €2,709 | -€112,349 | -€115,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,709 | -€112,349 | -€115,058 |
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 7 October 2026 via checked.be.