NSETTE: 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.
NSETTE
Largest movements
- Cash -€39,046
down €39,046 (-76.4%), from €51,086 to €12,040
mainly Investment in fixed assets (net) (-€42,297) and Other debts (-€12,516)
- Tangible fixed assets +€30,714
up €30,714 (+159.7%), from €19,234 to €49,949
of which Furniture and vehicles: +€31,766
- Receivables within one year +€11,019
up €11,019 (+19.2%), from €57,535 to €68,554
- Intangible fixed assets -€9,285
down €9,285 (-18.8%), from €49,482 to €40,197
- Profit (loss) carried forward +€16,018
up €16,018 (+54.2%), from €29,545 to €45,564
- Other debts -€12,516
down €12,516 (-36.5%), from €34,277 to €21,762
- Debts after one year -€6,638
no longer reported in 2024 (was €6,638)
- Trade debts -€6,001
down €6,001 (-7.0%), from €86,065 to €80,065
- Tax, wage and social debts +€3,747
up €3,747 (+26.3%), from €14,221 to €17,968
of which Taxes: +€2,847
- Staff costs +€15,486
up €15,486 (+31.5%), from €49,144 to €64,630
- Gross operating margin +€8,609
up €8,609 (+8.4%), from €102,320 to €110,929
- Depreciation +€2,179
up €2,179 (+11.7%), from €18,688 to €20,867
- Other operating charges -€1,192
down €1,192 (-51.4%), from €2,320 to €1,128
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,689 | €176,996 | -€5,693 | -3.1% |
| Fixed assets | 21/28 | €69,068 | €90,497 | +€21,429 | +31.0% |
| Intangible fixed assets | 21 | €49,482 | €40,197 | -€9,285 | -18.8% |
| Tangible fixed assets | 22/27 | €19,234 | €49,949 | +€30,714 | +159.7% |
| Plant, machinery and equipment | 23 | €2,315 | €1,263 | -€1,052 | -45.4% |
| Furniture and vehicles | 24 | €16,919 | €48,685 | +€31,766 | +187.8% |
| Financial fixed assets | 28 | €351 | €351 | = | 0.0% |
| Current assets | 29/58 | €113,621 | €86,499 | -€27,122 | -23.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,905 | +€906 | +18.1% |
| Stocks | 30/36 | €5,000 | €5,905 | +€906 | +18.1% |
| Amounts receivable within one year | 40/41 | €57,535 | €68,554 | +€11,019 | +19.2% |
| Trade receivables | 40 | €57,535 | €68,554 | +€11,019 | +19.2% |
| Cash at bank and in hand | 54/58 | €51,086 | €12,040 | -€39,046 | -76.4% |
| Total equity and liabilities | 10/49 | €182,689 | €176,996 | -€5,693 | -3.1% |
| Equity | 10/15 | €34,545 | €50,564 | +€16,018 | +46.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,545 | €45,564 | +€16,018 | +54.2% |
| Amounts payable | 17/49 | €148,143 | €126,432 | -€21,711 | -14.7% |
| Amounts payable after more than one year | 17 | €6,638 | - | -€6,638 | |
| Financial debts | 170/4 | €6,638 | - | -€6,638 | |
| Amounts payable within one year | 42/48 | €141,505 | €126,432 | -€15,073 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €6,941 | €6,638 | -€303 | -4.4% |
| Trade debts | 44 | €86,065 | €80,065 | -€6,001 | -7.0% |
| Suppliers | 440/4 | €86,065 | €80,065 | -€6,001 | -7.0% |
| Taxes, remuneration and social security | 45 | €14,221 | €17,968 | +€3,747 | +26.3% |
| Taxes | 450/3 | €13,834 | €16,682 | +€2,847 | +20.6% |
| Remuneration and social security | 454/9 | €387 | €1,286 | +€899 | +232.4% |
| Other amounts payable | 47/48 | €34,277 | €21,762 | -€12,516 | -36.5% |
| Remuneration, social security and pensions | 62 | €49,144 | €64,630 | +€15,486 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,688 | €20,867 | +€2,179 | +11.7% |
| Other operating charges | 640/8 | €2,320 | €1,128 | -€1,192 | -51.4% |
| Gross operating margin | 9900 | €102,320 | €110,929 | +€8,609 | +8.4% |
| Operating profit (loss) | 9901 | €32,168 | €24,302 | -€7,865 | -24.5% |
| Financial charges | 65/66B | €2,405 | €1,685 | -€720 | -29.9% |
| Recurring financial charges | 65 | €2,405 | €1,685 | -€720 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €29,762 | €22,617 | -€7,145 | -24.0% |
| Income taxes | 67/77 | €6,981 | €6,599 | -€382 | -5.5% |
| Profit (loss) for the period | 9904 | €22,782 | €16,018 | -€6,763 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,782 | €16,018 | -€6,763 | -29.7% |
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 1 October 2026 via checked.be.