SE-IT: 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.
SE-IT
Largest movements
- Tangible fixed assets -€18,974
down €18,974 (-20.1%), from €94,328 to €75,354
of which Furniture and vehicles: -€16,482
- Cash +€16,762
up €16,762 (+33.4%), from €50,130 to €66,892
mainly Depreciation (+€18,974) and Net result for the year (+€11,803)
- Receivables within one year +€3,777
up €3,777 (+39.0%), from €9,678 to €13,455
of which Trade receivables: +€3,937
- Debts after one year -€13,890
down €13,890 (-27.1%), from €51,244 to €37,354
- Reserves +€11,750
up €11,750 (+14.5%), from €81,000 to €92,750
- Tax, wage and social debts +€4,112
up €4,112 (+119.7%), from €3,434 to €7,547
- Gross operating margin +€11,680
up €11,680 (+41.8%), from €27,915 to €39,595
- Depreciation +€11,281
up €11,281 (+146.6%), from €7,693 to €18,974
- Financial charges +€853
up €853 (+49.3%), from €1,732 to €2,585
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 | €154,136 | €155,837 | +€1,701 | +1.1% |
| Fixed assets | 21/28 | €94,328 | €75,354 | -€18,974 | -20.1% |
| Tangible fixed assets | 22/27 | €94,328 | €75,354 | -€18,974 | -20.1% |
| Furniture and vehicles | 24 | €76,184 | €59,701 | -€16,482 | -21.6% |
| Other tangible fixed assets | 26 | €18,145 | €15,653 | -€2,492 | -13.7% |
| Current assets | 29/58 | €59,808 | €80,483 | +€20,675 | +34.6% |
| Amounts receivable within one year | 40/41 | €9,678 | €13,455 | +€3,777 | +39.0% |
| Trade receivables | 40 | €8,258 | €12,196 | +€3,937 | +47.7% |
| Other amounts receivable | 41 | €1,420 | €1,259 | -€160 | -11.3% |
| Cash at bank and in hand | 54/58 | €50,130 | €66,892 | +€16,762 | +33.4% |
| Deferred charges and accrued income | 490/1 | - | €136 | +€136 | |
| Total equity and liabilities | 10/49 | €154,136 | €155,837 | +€1,701 | +1.1% |
| Equity | 10/15 | €84,607 | €96,410 | +€11,803 | +14.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €81,000 | €92,750 | +€11,750 | +14.5% |
| Distributable reserves | 133 | €81,000 | €92,750 | +€11,750 | +14.5% |
| Profit (loss) carried forward | 14 | €1,107 | €1,160 | +€53 | +4.8% |
| Amounts payable | 17/49 | €69,529 | €59,426 | -€10,102 | -14.5% |
| Amounts payable after more than one year | 17 | €51,244 | €37,354 | -€13,890 | -27.1% |
| Financial debts | 170/4 | €51,244 | €37,354 | -€13,890 | -27.1% |
| Amounts payable within one year | 42/48 | €18,285 | €22,072 | +€3,787 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €13,325 | €13,890 | +€565 | +4.2% |
| Trade debts | 44 | €1,526 | €636 | -€890 | -58.3% |
| Suppliers | 440/4 | €1,526 | €636 | -€890 | -58.3% |
| Taxes, remuneration and social security | 45 | €3,434 | €7,547 | +€4,112 | +119.7% |
| Taxes | 450/3 | €3,434 | €7,547 | +€4,112 | +119.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,693 | €18,974 | +€11,281 | +146.6% |
| Other operating charges | 640/8 | €1,011 | €820 | -€191 | -18.9% |
| Gross operating margin | 9900 | €27,915 | €39,595 | +€11,680 | +41.8% |
| Operating profit (loss) | 9901 | €19,212 | €19,801 | +€589 | +3.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €1,732 | €2,585 | +€853 | +49.3% |
| Recurring financial charges | 65 | €1,732 | €2,585 | +€853 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €17,481 | €17,216 | -€265 | -1.5% |
| Income taxes | 67/77 | €5,645 | €5,413 | -€232 | -4.1% |
| Profit (loss) for the period | 9904 | €11,836 | €11,803 | -€33 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,836 | €11,803 | -€33 | -0.3% |
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 7 October 2026 via checked.be.