SATT: 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.
SATT
Largest movements
- Cash -€135,600
down €135,600 (-80.7%), from €168,050 to €32,450
mainly Current investments (-€124,994) and Contributions, distributions and other (-€34,000)
- Current investments +€124,994
up €124,994 (+53.0%), from €236,057 to €361,051
- Receivables within one year +€33,310
up €33,310 (+160.5%), from €20,759 to €54,069
of which Other amounts receivable: +€32,924
- Tangible fixed assets +€17,800
up €17,800 (+160.1%), from €11,121 to €28,921
of which Furniture and vehicles: +€21,630
- Other debts +€32,597
up €32,597 (+2324.2%), from €1,403 to €34,000
- Reserves +€14,773
up €14,773 (+3.3%), from €447,765 to €462,538
of which Distributable reserves: +€14,773
- Tax, wage and social debts -€8,648
down €8,648 (-83.0%), from €10,414 to €1,766
of which Taxes: -€6,088
- Financial income +€20,403
up €20,403 (+466.5%), from €4,373 to €24,776
- Gross operating margin +€20,303
up €20,303 (+75.0%), from €27,088 to €47,391
- Taxes +€5,071
up €5,071 (+70.4%), from €7,204 to €12,275
- Depreciation -€1,198
down €1,198 (-19.1%), from €6,282 to €5,085
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 | €482,599 | €522,345 | +€39,746 | +8.2% |
| Fixed assets | 21/28 | €11,121 | €28,921 | +€17,800 | +160.1% |
| Tangible fixed assets | 22/27 | €11,121 | €28,921 | +€17,800 | +160.1% |
| Land and buildings | 22 | €545 | €136 | -€408 | -75.0% |
| Plant, machinery and equipment | 23 | €10,577 | €7,154 | -€3,422 | -32.4% |
| Furniture and vehicles | 24 | - | €21,630 | +€21,630 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €471,477 | €493,424 | +€21,947 | +4.7% |
| Amounts receivable after more than one year | 29 | €41,000 | €41,000 | = | 0.0% |
| Other amounts receivable | 291 | €41,000 | €41,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,759 | €54,069 | +€33,310 | +160.5% |
| Trade receivables | 40 | €12,874 | €13,260 | +€386 | +3.0% |
| Other amounts receivable | 41 | €7,885 | €40,809 | +€32,924 | +417.5% |
| Current investments | 50/53 | €236,057 | €361,051 | +€124,994 | +53.0% |
| Cash at bank and in hand | 54/58 | €168,050 | €32,450 | -€135,600 | -80.7% |
| Deferred charges and accrued income | 490/1 | €5,611 | €4,854 | -€757 | -13.5% |
| Total equity and liabilities | 10/49 | €482,599 | €522,345 | +€39,746 | +8.2% |
| Equity | 10/15 | €466,365 | €481,138 | +€14,773 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €447,765 | €462,538 | +€14,773 | +3.3% |
| Tax-exempt reserves | 132 | €4,484 | €4,484 | = | 0.0% |
| Distributable reserves | 133 | €443,281 | €458,054 | +€14,773 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,234 | €41,207 | +€24,973 | +153.8% |
| Amounts payable within one year | 42/48 | €16,234 | €40,907 | +€24,673 | +152.0% |
| Trade debts | 44 | €4,418 | €5,142 | +€724 | +16.4% |
| Suppliers | 440/4 | €4,418 | €5,142 | +€724 | +16.4% |
| Taxes, remuneration and social security | 45 | €10,414 | €1,766 | -€8,648 | -83.0% |
| Taxes | 450/3 | €7,854 | €1,766 | -€6,088 | -77.5% |
| Remuneration and social security | 454/9 | €2,560 | - | -€2,560 | |
| Other amounts payable | 47/48 | €1,403 | €34,000 | +€32,597 | +2324.2% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,282 | €5,085 | -€1,198 | -19.1% |
| Other operating charges | 640/8 | €940 | €508 | -€432 | -45.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,088 | €47,391 | +€20,303 | +75.0% |
| Operating profit (loss) | 9901 | €19,866 | €41,798 | +€21,933 | +110.4% |
| Financial income | 75/76B | €4,373 | €24,776 | +€20,403 | +466.5% |
| Recurring financial income | 75 | €4,373 | €24,776 | +€20,403 | +466.5% |
| Financial charges | 65/66B | €5,182 | €5,526 | +€344 | +6.6% |
| Recurring financial charges | 65 | €5,182 | €5,526 | +€344 | +6.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €19,057 | €61,049 | +€41,991 | +220.3% |
| Income taxes | 67/77 | €7,204 | €12,275 | +€5,071 | +70.4% |
| Profit (loss) for the period | 9904 | €11,853 | €48,773 | +€36,920 | +311.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,853 | €48,773 | +€36,920 | +311.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.