Recently, convolutional neural networks have been successfully applied to lossy image compression. End-to-end optimized autoencoders, possibly variational, are able to dramatically outperform traditional transform coding schemes in terms of rate-distortion trade-off; however, this is at the cost of a higher computational complexity. An intensive training step on huge databases allows autoencoders to learn jointly the image representation and its probability distribution, possibly using a non-parametric density model or a hyperprior auxiliary autoencoder to eliminate the need for prior knowledge. However, in the context of on board satellite compression, time and memory complexities are submitted to strong constraints. The aim of this paper is to design a complexity-reduced variational autoencoder in order to meet these constraints while maintaining the performance. Apart from a network dimension reduction that systematically targets each parameter of the analysis and synthesis transforms, we propose a simplified entropy model that preserves the adaptability to the input image. Indeed, a statistical analysis performed on satellite images shows that the Laplacian distribution fits most features of their representation. A complex non parametric distribution fitting or a cumbersome hyperprior auxiliary autoencoder can thus be replaced by a simple parametric estimation. The proposed complexity-reduced autoencoder outperforms the Consultative Committee for Space Data Systems standard (CCSDS 122.0-B) while maintaining a competitive performance, in terms of rate-distortion trade-off, in comparison with the state-of-the-art learned image compression schemes.