S.E.T. TUNING: 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.
What changed
S.E.T. TUNING
NACE 47.820, Retail sale of motor vehicle parts and accessories
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€77,089
2024 · €81,475-€4,386
Equity
€495,951
2024 · €418,862+€77,089
Cash
€6,534
2024 · €3,523+€3,011
Balance sheet total
€515,745
2024 · €432,010+€83,735
Largest movements
Assets
- Tangible fixed assets +€76,151
up €76,151 (+26.3%), from €289,935 to €366,086
Equity and liabilities
- Profit (loss) carried forward +€38,873
up €38,873 (+1015.7%), from €3,827 to €42,700
- Reserves +€38,216
up €38,216 (+9.6%), from €396,443 to €434,659
of which Tax-exempt reserves: +€38,216
- Provisions +€12,739
new in 2025: €12,739
Income statement
- Gross operating margin +€14,743
up €14,743 (+14.4%), from €102,365 to €117,107
- Taxes +€6,201
new in 2025: €6,201
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.
Result 2024
€81,475
Gross operating margin
+€14,743
Depreciation
-€1,009
Other operating charges
+€53
Financial income
+€175
Financial charges
+€592
Taxes
-€6,201
Deferred taxes and other
-€12,739
Result 2025
€77,089
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.
From operations
+€93,987
Investment
-€90,976
Financing
€0
Cash 2024
€3,523
From operations (derived)
+€93,987
Net result for the year
+€77,089
Depreciation
+€14,826
Receivables within one year
-€4,791
Deferred charges and accrued income
+€218
Provisions
+€12,739
Trade debts
-€5,024
Tax, wage and social debts
-€1,570
Accrued charges and deferred income
+€502
Investment (derived)
-€90,976
Investment in fixed assets (net)
-€90,976
Cash 2025
€6,534
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,010 | €515,745 | +€83,735 | +19.4% |
| Fixed assets | 21/28 | €289,935 | €366,086 | +€76,151 | +26.3% |
| Tangible fixed assets | 22/27 | €289,935 | €366,086 | +€76,151 | +26.3% |
| Land and buildings | 22 | €289,935 | €366,086 | +€76,151 | +26.3% |
| Current assets | 29/58 | €142,076 | €149,660 | +€7,584 | +5.3% |
| Amounts receivable within one year | 40/41 | €138,194 | €142,985 | +€4,791 | +3.5% |
| Trade receivables | 40 | €35,372 | €11,060 | -€24,312 | -68.7% |
| Other amounts receivable | 41 | €102,823 | €131,925 | +€29,103 | +28.3% |
| Cash at bank and in hand | 54/58 | €3,523 | €6,534 | +€3,011 | +85.5% |
| Deferred charges and accrued income | 490/1 | €358 | €141 | -€218 | -60.8% |
| Total equity and liabilities | 10/49 | €432,010 | €515,745 | +€83,735 | +19.4% |
| Equity | 10/15 | €418,862 | €495,951 | +€77,089 | +18.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €396,443 | €434,659 | +€38,216 | +9.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,445 | €62,661 | +€38,216 | +156.3% |
| Distributable reserves | 133 | €370,138 | €370,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,827 | €42,700 | +€38,873 | +1015.7% |
| Provisions and deferred taxes | 16 | - | €12,739 | +€12,739 | |
| Deferred taxes | 168 | - | €12,739 | +€12,739 | |
| Amounts payable | 17/49 | €13,148 | €7,056 | -€6,092 | -46.3% |
| Amounts payable after more than one year | 17 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,868 | €274 | -€6,594 | -96.0% |
| Trade debts | 44 | €5,298 | €274 | -€5,024 | -94.8% |
| Suppliers | 440/4 | €5,298 | €274 | -€5,024 | -94.8% |
| Taxes, remuneration and social security | 45 | €1,570 | €0 | -€1,570 | -100.0% |
| Taxes | 450/3 | €1,570 | €0 | -€1,570 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,281 | €3,782 | +€502 | +15.3% |
| Non-recurring operating income | 76A | €78,644 | €53,636 | -€25,008 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,817 | €14,826 | +€1,009 | +7.3% |
| Other operating charges | 640/8 | €6,222 | €6,169 | -€53 | -0.8% |
| Gross operating margin | 9900 | €102,365 | €117,107 | +€14,743 | +14.4% |
| Operating profit (loss) | 9901 | €82,326 | €96,112 | +€13,786 | +16.7% |
| Financial income | 75/76B | €2 | €178 | +€175 | +7209.9% |
| Recurring financial income | 75 | €2 | €178 | +€175 | +7209.9% |
| Financial charges | 65/66B | €854 | €262 | -€592 | -69.3% |
| Recurring financial charges | 65 | €854 | €262 | -€592 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €81,475 | €96,028 | +€14,553 | +17.9% |
| Transfer from deferred taxes | 780 | - | €670 | +€670 | |
| Transfer to deferred taxes | 680 | - | €13,409 | +€13,409 | |
| Income taxes | 67/77 | - | €6,201 | +€6,201 | |
| Profit (loss) for the period | 9904 | €81,475 | €77,089 | -€4,386 | -5.4% |
| Transfer from tax-exempt reserves | 789 | - | €2,011 | +€2,011 | |
| Transfer to tax-exempt reserves | 689 | - | €40,227 | +€40,227 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,475 | €38,873 | -€42,602 | -52.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.