S.E.T.I.N.: what changed
What changed
S.E.T.I.N.
NACE 77.110, Renting and leasing of cars and light motor vehicles
filed annual accounts (NBB)
Net result for the year
€11,315
2024 · €14,445-€3,130
Equity
€98,127
2024 · €86,813+€11,315
Cash
€95,605
2024 · €66,784+€28,821
Balance sheet total
€121,471
2024 · €100,570+€20,902
Largest movements
Assets
- Cash +€28,821
up €28,821 (+43.2%), from €66,784 to €95,605
mainly Net result for the year (+€11,315) and Receivables within one year (+€9,321)
- Receivables within one year -€9,321
down €9,321 (-73.5%), from €12,688 to €3,368
of which Trade receivables: -€9,031
- Stocks and contracts +€7,574
new in 2025: €7,574
- Tangible fixed assets -€6,194
down €6,194 (-34.0%), from €18,191 to €11,997
Equity and liabilities
- Profit (loss) carried forward +€11,315
up €11,315 (+40.7%), from €27,785 to €39,099
- Advances received +€8,240
new in 2025: €8,240
- Trade debts +€1,721
up €1,721 (+399%), from €431 to €2,152
Income statement
- Turnover -€14,601
down €14,601 (-23.3%), from €62,742 to €48,141
- Purchases and services -€3,989
down €3,989 (-9.6%), from €41,505 to €37,516
- Gross operating margin -€3,038
down €3,038 (-14.3%), from €21,238 to €18,199
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€14,445
Gross operating margin
-€3,038
Depreciation
+€0
Other operating charges
-€109
Financial income
+€84
Financial charges
-€67
Result 2025
€11,315
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,821
Investment
€0
Financing
€0
Cash 2024
€66,784
From operations (derived)
+€28,821
Net result for the year
+€11,315
Depreciation
+€6,194
Stocks and contracts
-€7,574
Receivables within one year
+€9,321
Deferred charges and accrued income
-€21
Trade debts
+€1,721
Tax, wage and social debts
-€212
Advances received
+€8,240
Accrued charges and deferred income
-€162
Cash 2025
€95,605
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,570 | €121,471 | +€20,902 | +20.8% |
| Fixed assets | 21/28 | €19,091 | €12,897 | -€6,194 | -32.4% |
| Tangible fixed assets | 22/27 | €18,191 | €11,997 | -€6,194 | -34.0% |
| Furniture and vehicles | 24 | €18,191 | €11,997 | -€6,194 | -34.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €81,478 | €108,574 | +€27,096 | +33.3% |
| Stocks and contracts in progress | 3 | - | €7,574 | +€7,574 | |
| Contracts in progress | 37 | - | €7,574 | +€7,574 | |
| Amounts receivable within one year | 40/41 | €12,688 | €3,368 | -€9,321 | -73.5% |
| Trade receivables | 40 | €12,399 | €3,368 | -€9,031 | -72.8% |
| Other amounts receivable | 41 | €290 | €0 | -€290 | -100% |
| Cash at bank and in hand | 54/58 | €66,784 | €95,605 | +€28,821 | +43.2% |
| Deferred charges and accrued income | 490/1 | €2,006 | €2,027 | +€21 | +1.0% |
| Total equity and liabilities | 10/49 | €100,570 | €121,471 | +€20,902 | +20.8% |
| Equity | 10/15 | €86,813 | €98,127 | +€11,315 | +13.0% |
| Contributions | 10/11 | €52,828 | €52,828 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,785 | €39,099 | +€11,315 | +40.7% |
| Amounts payable | 17/49 | €13,757 | €23,344 | +€9,587 | +69.7% |
| Amounts payable within one year | 42/48 | €2,506 | €12,255 | +€9,749 | +389% |
| Trade debts | 44 | €431 | €2,152 | +€1,721 | +399% |
| Suppliers | 440/4 | €431 | €2,152 | +€1,721 | +399% |
| Advances received on contracts in progress | 46 | - | €8,240 | +€8,240 | |
| Taxes, remuneration and social security | 45 | €2,075 | €1,863 | -€212 | -10.2% |
| Taxes | 450/3 | €2,075 | €1,863 | -€212 | -10.2% |
| Accrued charges and deferred income | 492/3 | €11,251 | €11,089 | -€162 | -1.4% |
| Turnover | 70 | €62,742 | €48,141 | -€14,601 | -23.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,505 | €37,516 | -€3,989 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,194 | €6,194 | -€0 | 0.0% |
| Other operating charges | 640/8 | €628 | €736 | +€109 | +17.3% |
| Gross operating margin | 9900 | €21,238 | €18,199 | -€3,038 | -14.3% |
| Operating profit (loss) | 9901 | €14,416 | €11,269 | -€3,147 | -21.8% |
| Financial income | 75/76B | €335 | €419 | +€84 | +25.1% |
| Recurring financial income | 75 | €335 | €419 | +€84 | +25.1% |
| Financial charges | 65/66B | €306 | €373 | +€67 | +21.9% |
| Recurring financial charges | 65 | €306 | €373 | +€67 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €14,445 | €11,315 | -€3,130 | -21.7% |
| Profit (loss) for the period | 9904 | €14,445 | €11,315 | -€3,130 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,445 | €11,315 | -€3,130 | -21.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.