SESTA: 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.
SESTA
Largest movements
- Tangible fixed assets -€20,566
down €20,566 (-19.3%), from €106,697 to €86,131
of which Furniture and vehicles: -€11,386
- Receivables within one year +€6,266
up €6,266 (+47.4%), from €13,233 to €19,499
of which Trade receivables: +€9,533
- Stocks and contracts +€4,012
up €4,012 (+33.6%), from €11,928 to €15,941
- Cash +€3,246
up €3,246 (+19.4%), from €16,729 to €19,975
mainly Other debts (+€35,014) and Depreciation (+€22,787)
- Other debts +€35,014
new in 2025: €35,014
- Profit (loss) carried forward -€17,840
down €17,840 (-41.4%), from €43,096 to €25,256
- Debts after one year -€14,315
down €14,315 (-32.7%), from €43,806 to €29,490
- Trade debts -€7,706
down €7,706 (-49.6%), from €15,537 to €7,831
- Gross operating margin +€37,853
up €37,853 (+31.9%), from €118,614 to €156,467
- Staff costs +€28,398
up €28,398 (+24.1%), from €117,919 to €146,317
- Depreciation +€6,892
up €6,892 (+43.4%), from €15,895 to €22,787
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 | €149,717 | €142,524 | -€7,192 | -4.8% |
| Fixed assets | 21/28 | €106,697 | €86,131 | -€20,566 | -19.3% |
| Tangible fixed assets | 22/27 | €106,697 | €86,131 | -€20,566 | -19.3% |
| Plant, machinery and equipment | 23 | €48,598 | €39,755 | -€8,843 | -18.2% |
| Furniture and vehicles | 24 | €55,139 | €43,752 | -€11,386 | -20.7% |
| Other tangible fixed assets | 26 | €2,960 | €2,623 | -€337 | -11.4% |
| Current assets | 29/58 | €43,019 | €56,393 | +€13,374 | +31.1% |
| Stocks and contracts in progress | 3 | €11,928 | €15,941 | +€4,012 | +33.6% |
| Stocks | 30/36 | €11,928 | €15,941 | +€4,012 | +33.6% |
| Amounts receivable within one year | 40/41 | €13,233 | €19,499 | +€6,266 | +47.4% |
| Trade receivables | 40 | €3,777 | €13,310 | +€9,533 | +252% |
| Other amounts receivable | 41 | €9,456 | €6,189 | -€3,267 | -34.5% |
| Cash at bank and in hand | 54/58 | €16,729 | €19,975 | +€3,246 | +19.4% |
| Deferred charges and accrued income | 490/1 | €1,129 | €978 | -€151 | -13.4% |
| Total equity and liabilities | 10/49 | €149,717 | €142,524 | -€7,192 | -4.8% |
| Equity | 10/15 | €64,388 | €46,548 | -€17,840 | -27.7% |
| Contributions | 10/11 | €21,292 | €21,292 | = | 0.0% |
| Contributions outside capital | 11 | €21,292 | €21,292 | = | 0.0% |
| Share premium | 1100/10 | €21,292 | €21,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,096 | €25,256 | -€17,840 | -41.4% |
| Amounts payable | 17/49 | €85,328 | €95,976 | +€10,648 | +12.5% |
| Amounts payable after more than one year | 17 | €43,806 | €29,490 | -€14,315 | -32.7% |
| Financial debts | 170/4 | €43,806 | €29,490 | -€14,315 | -32.7% |
| Amounts payable within one year | 42/48 | €41,523 | €66,485 | +€24,963 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €18,622 | €17,617 | -€1,005 | -5.4% |
| Trade debts | 44 | €15,537 | €7,831 | -€7,706 | -49.6% |
| Suppliers | 440/4 | €15,537 | €7,831 | -€7,706 | -49.6% |
| Taxes, remuneration and social security | 45 | €7,364 | €6,023 | -€1,340 | -18.2% |
| Taxes | 450/3 | €5,625 | €4,248 | -€1,377 | -24.5% |
| Remuneration and social security | 454/9 | €1,738 | €1,775 | +€37 | +2.1% |
| Other amounts payable | 47/48 | - | €35,014 | +€35,014 | |
| Non-recurring operating income | 76A | €5,372 | - | -€5,372 | |
| Remuneration, social security and pensions | 62 | €117,919 | €146,317 | +€28,398 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,895 | €22,787 | +€6,892 | +43.4% |
| Other operating charges | 640/8 | €717 | €220 | -€498 | -69.4% |
| Non-recurring operating charges | 66A | €65 | €16 | -€49 | -75.2% |
| Gross operating margin | 9900 | €118,614 | €156,467 | +€37,853 | +31.9% |
| Operating profit (loss) | 9901 | -€15,982 | -€12,872 | +€3,109 | +19.5% |
| Financial income | 75/76B | €242 | €19 | -€224 | -92.2% |
| Recurring financial income | 75 | €242 | €19 | -€224 | -92.2% |
| Financial charges | 65/66B | €5,025 | €4,986 | -€38 | -0.8% |
| Recurring financial charges | 65 | €5,025 | €4,986 | -€38 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,764 | -€17,840 | +€2,924 | +14.1% |
| Income taxes | 67/77 | €521 | - | -€521 | |
| Profit (loss) for the period | 9904 | -€21,285 | -€17,840 | +€3,445 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,285 | -€17,840 | +€3,445 | +16.2% |
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 18 October 2026 via checked.be.