SESIT: 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.
SESIT
Largest movements
- Cash +€83,387
up €83,387 (+76.0%), from €109,740 to €193,128
mainly Net result for the year (+€85,053) and Receivables after one year (+€75,000)
- Receivables after one year -€75,000
down €75,000 (-100%), from €75,000 to €0
- Tangible fixed assets -€11,008
down €11,008 (-29.7%), from €37,103 to €26,095
- Deferred charges and accrued income -€8,565
down €8,565 (-92.4%), from €9,271 to €706
- Receivables within one year +€4,614
up €4,614 (+29.7%), from €15,552 to €20,166
of which Trade receivables: +€3,042
- Other debts -€6,650
down €6,650 (-6.5%), from €101,762 to €95,112
- Gross operating margin -€4,929
down €4,929 (-4.0%), from €124,327 to €119,398
- Taxes -€1,509
down €1,509 (-6.3%), from €23,834 to €22,325
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.
Derived cash bridge
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 | €246,667 | €240,095 | -€6,572 | -2.7% |
| Fixed assets | 21/28 | €37,103 | €26,095 | -€11,008 | -29.7% |
| Tangible fixed assets | 22/27 | €37,103 | €26,095 | -€11,008 | -29.7% |
| Furniture and vehicles | 24 | €37,103 | €26,095 | -€11,008 | -29.7% |
| Current assets | 29/58 | €209,564 | €214,000 | +€4,435 | +2.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €0 | -€75,000 | -100% |
| Other amounts receivable | 291 | €75,000 | €0 | -€75,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,552 | €20,166 | +€4,614 | +29.7% |
| Trade receivables | 40 | €14,032 | €17,074 | +€3,042 | +21.7% |
| Other amounts receivable | 41 | €1,520 | €3,092 | +€1,572 | +103% |
| Cash at bank and in hand | 54/58 | €109,740 | €193,128 | +€83,387 | +76.0% |
| Deferred charges and accrued income | 490/1 | €9,271 | €706 | -€8,565 | -92.4% |
| Total equity and liabilities | 10/49 | €246,667 | €240,095 | -€6,572 | -2.7% |
| Equity | 10/15 | €144,901 | €144,901 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €141,901 | €141,901 | = | 0.0% |
| Distributable reserves | 133 | €141,901 | €141,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,766 | €95,194 | -€6,572 | -6.5% |
| Amounts payable within one year | 42/48 | €101,766 | €95,194 | -€6,572 | -6.5% |
| Trade debts | 44 | €4 | €4 | = | 0.0% |
| Suppliers | 440/4 | €4 | €4 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €77 | +€77 | |
| Taxes | 450/3 | €0 | €77 | +€77 | |
| Other amounts payable | 47/48 | €101,762 | €95,112 | -€6,650 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,709 | €11,642 | -€67 | -0.6% |
| Other operating charges | 640/8 | €1,125 | €1,164 | +€39 | +3.5% |
| Non-recurring operating charges | 66A | - | €917 | +€917 | |
| Gross operating margin | 9900 | €124,327 | €119,398 | -€4,929 | -4.0% |
| Operating profit (loss) | 9901 | €111,492 | €105,674 | -€5,818 | -5.2% |
| Financial income | 75/76B | €1,948 | €1,787 | -€161 | -8.2% |
| Recurring financial income | 75 | €1,948 | €1,787 | -€161 | -8.2% |
| Financial charges | 65/66B | €44 | €83 | +€40 | +91.7% |
| Recurring financial charges | 65 | €44 | €83 | +€40 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €113,396 | €107,378 | -€6,018 | -5.3% |
| Income taxes | 67/77 | €23,834 | €22,325 | -€1,509 | -6.3% |
| Profit (loss) for the period | 9904 | €89,562 | €85,053 | -€4,509 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,562 | €85,053 | -€4,509 | -5.0% |
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 19 October 2026 via checked.be.