10SET: 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.
10SET
Largest movements
- Cash -€22,420
down €22,420 (-20.0%), from €111,900 to €89,479
mainly Net result for the year (-€41,462) and Other debts (-€689)
- Receivables within one year -€12,771
down €12,771 (-89.4%), from €14,281 to €1,510
of which Trade receivables: -€9,048
- Tangible fixed assets -€2,972
down €2,972 (-22.2%), from €13,366 to €10,394
- Profit (loss) carried forward -€41,462
down €41,462 (-74.5%), from -€55,626 to -€97,088
- Trade debts +€2,037
up €2,037 (+319.5%), from €638 to €2,675
- Gross operating margin -€8,824
down €8,824 (-31.2%), from -€28,326 to -€37,151
- Depreciation +€1,775
up €1,775 (+89.8%), from €1,977 to €3,752
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €151,006 | €110,893 | -€40,113 | -26.6% |
| Fixed assets | 21/28 | €16,784 | €13,032 | -€3,752 | -22.4% |
| Intangible fixed assets | 21 | €3,418 | €2,638 | -€780 | -22.8% |
| Tangible fixed assets | 22/27 | €13,366 | €10,394 | -€2,972 | -22.2% |
| Plant, machinery and equipment | 23 | €13,366 | €10,394 | -€2,972 | -22.2% |
| Current assets | 29/58 | €134,223 | €97,862 | -€36,361 | -27.1% |
| Stocks and contracts in progress | 3 | €8,042 | €6,872 | -€1,169 | -14.5% |
| Stocks | 30/36 | €8,042 | €6,872 | -€1,169 | -14.5% |
| Amounts receivable within one year | 40/41 | €14,281 | €1,510 | -€12,771 | -89.4% |
| Trade receivables | 40 | €9,435 | €387 | -€9,048 | -95.9% |
| Other amounts receivable | 41 | €4,847 | €1,123 | -€3,724 | -76.8% |
| Cash at bank and in hand | 54/58 | €111,900 | €89,479 | -€22,420 | -20.0% |
| Total equity and liabilities | 10/49 | €151,006 | €110,893 | -€40,113 | -26.6% |
| Equity | 10/15 | €144,374 | €102,912 | -€41,462 | -28.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,626 | -€97,088 | -€41,462 | -74.5% |
| Amounts payable | 17/49 | €6,633 | €7,981 | +€1,349 | +20.3% |
| Amounts payable within one year | 42/48 | €6,633 | €7,981 | +€1,349 | +20.3% |
| Trade debts | 44 | €638 | €2,675 | +€2,037 | +319.5% |
| Suppliers | 440/4 | €638 | €2,675 | +€2,037 | +319.5% |
| Taxes, remuneration and social security | 45 | €3 | €3 | = | 0.0% |
| Taxes | 450/3 | €3 | €3 | = | 0.0% |
| Other amounts payable | 47/48 | €5,992 | €5,303 | -€689 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,977 | €3,752 | +€1,775 | +89.8% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€28,326 | -€37,151 | -€8,824 | -31.2% |
| Operating profit (loss) | 9901 | -€30,691 | -€40,903 | -€10,212 | -33.3% |
| Financial charges | 65/66B | €283 | €559 | +€276 | +97.4% |
| Recurring financial charges | 65 | €283 | €559 | +€276 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,974 | -€41,462 | -€10,488 | -33.9% |
| Profit (loss) for the period | 9904 | -€30,974 | -€41,462 | -€10,488 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,974 | -€41,462 | -€10,488 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.