S.E.T. ELEC: what changed
Two financial 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.
S.E.T. ELEC
Largest movements
- Receivables within one year +€6,260
up €6,260 (+55.1%), from €11,368 to €17,627
of which Other amounts receivable: +€3,756
- Cash +€623
up €623 (+39.8%), from €1,563 to €2,186
mainly Other debts (+€3,303) and Trade debts (+€2,297)
- Tangible fixed assets -€437
down €437 (-19.7%), from €2,219 to €1,782
- Other debts +€3,303
up €3,303 (+47.5%), from €6,961 to €10,264
- Trade debts +€2,297
up €2,297 (+30.6%), from €7,514 to €9,811
- Profit (loss) carried forward +€1,004
up €1,004 (+12.9%), from -€7,776 to -€6,771
- Gross operating margin +€9,295
up €9,295, from -€4,993 to €4,303
- Financial charges -€996
down €996 (-49.0%), from €2,034 to €1,037
- Other operating charges +€400
up €400 (+72.2%), from €555 to €955
- Depreciation +€336
up €336 (+34.7%), from €970 to €1,306
- Financial income -€76
down €76 (-99.1%), from €76 to €1
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 | €15,224 | €21,669 | +€6,445 | +42.3% |
| Fixed assets | 21/28 | €2,219 | €1,782 | -€437 | -19.7% |
| Tangible fixed assets | 22/27 | €2,219 | €1,782 | -€437 | -19.7% |
| Plant, machinery and equipment | 23 | €2,219 | €1,782 | -€437 | -19.7% |
| Current assets | 29/58 | €13,005 | €19,888 | +€6,883 | +52.9% |
| Amounts receivable within one year | 40/41 | €11,368 | €17,627 | +€6,260 | +55.1% |
| Trade receivables | 40 | €7,347 | €9,851 | +€2,504 | +34.1% |
| Other amounts receivable | 41 | €4,021 | €7,776 | +€3,756 | +93.4% |
| Cash at bank and in hand | 54/58 | €1,563 | €2,186 | +€623 | +39.8% |
| Deferred charges and accrued income | 490/1 | €74 | €74 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €15,224 | €21,669 | +€6,445 | +42.3% |
| Equity | 10/15 | €284 | €1,289 | +€1,004 | +353.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,776 | -€6,771 | +€1,004 | +12.9% |
| Amounts payable | 17/49 | €14,940 | €20,381 | +€5,441 | +36.4% |
| Amounts payable within one year | 42/48 | €14,940 | €20,381 | +€5,441 | +36.4% |
| Trade debts | 44 | €7,514 | €9,811 | +€2,297 | +30.6% |
| Suppliers | 440/4 | €7,514 | €9,811 | +€2,297 | +30.6% |
| Taxes, remuneration and social security | 45 | €465 | €306 | -€159 | -34.2% |
| Taxes | 450/3 | €465 | €306 | -€159 | -34.2% |
| Other amounts payable | 47/48 | €6,961 | €10,264 | +€3,303 | +47.5% |
| Remuneration, social security and pensions | 62 | €56 | - | -€56 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €1,306 | +€336 | +34.7% |
| Other operating charges | 640/8 | €555 | €955 | +€400 | +72.2% |
| Gross operating margin | 9900 | -€4,993 | €4,303 | +€9,295 | |
| Operating profit (loss) | 9901 | -€6,573 | €2,041 | +€8,614 | |
| Financial income | 75/76B | €76 | €1 | -€76 | -99.1% |
| Recurring financial income | 75 | €76 | €1 | -€76 | -99.1% |
| Financial charges | 65/66B | €2,034 | €1,037 | -€996 | -49.0% |
| Recurring financial charges | 65 | €2,034 | €1,037 | -€996 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,531 | €1,004 | +€9,535 | |
| Profit (loss) for the period | 9904 | -€8,531 | €1,004 | +€9,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,531 | €1,004 | +€9,535 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.