SESTINO: 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.
SESTINO
Largest movements
- Tangible fixed assets +€66,440
up €66,440 (+14.8%), from €448,915 to €515,355
of which Leasing and similar rights: +€96,120
- Receivables within one year -€62,854
down €62,854 (-62.2%), from €101,108 to €38,253
of which Trade receivables: -€35,011
- Other debts -€79,790
down €79,790 (-98.9%), from €80,665 to €876
- Reserves +€46,983
up €46,983 (+70.7%), from €66,429 to €113,413
of which Distributable reserves: +€46,983
- Current portion of long-term debt +€25,605
up €25,605 (+47.4%), from €53,984 to €79,589
- Debts after one year +€18,622
up €18,622 (+9.4%), from €198,697 to €217,320
- Tax, wage and social debts -€9,596
down €9,596 (-29.8%), from €32,251 to €22,655
of which Taxes: -€9,596
- Gross operating margin +€77,706
up €77,706 (+102%), from €75,922 to €153,628
- Depreciation +€23,466
up €23,466 (+50.1%), from €46,817 to €70,283
- Taxes +€13,590
up €13,590 (+278%), from €4,895 to €18,485
- Other operating charges +€3,164
up €3,164 (+86.9%), from €3,640 to €6,804
- Financial charges +€3,066
up €3,066 (+37.1%), from €8,256 to €11,321
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 | €553,417 | €558,165 | +€4,748 | +0.9% |
| Fixed assets | 21/28 | €448,915 | €515,355 | +€66,440 | +14.8% |
| Tangible fixed assets | 22/27 | €448,915 | €515,355 | +€66,440 | +14.8% |
| Land and buildings | 22 | €438,113 | €405,790 | -€32,324 | -7.4% |
| Plant, machinery and equipment | 23 | €8,671 | €11,675 | +€3,004 | +34.6% |
| Furniture and vehicles | 24 | €2,131 | €1,771 | -€360 | -16.9% |
| Leasing and similar rights | 25 | - | €96,120 | +€96,120 | |
| Current assets | 29/58 | €104,502 | €42,810 | -€61,692 | -59.0% |
| Amounts receivable within one year | 40/41 | €101,108 | €38,253 | -€62,854 | -62.2% |
| Trade receivables | 40 | €39,051 | €4,040 | -€35,011 | -89.7% |
| Other amounts receivable | 41 | €62,056 | €34,213 | -€27,843 | -44.9% |
| Cash at bank and in hand | 54/58 | €1,562 | €1,753 | +€192 | +12.3% |
| Deferred charges and accrued income | 490/1 | €1,833 | €2,803 | +€970 | +53.0% |
| Total equity and liabilities | 10/49 | €553,417 | €558,165 | +€4,748 | +0.9% |
| Equity | 10/15 | €115,504 | €162,488 | +€46,983 | +40.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €66,429 | €113,413 | +€46,983 | +70.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €66,429 | €113,413 | +€46,983 | +70.7% |
| Profit (loss) carried forward | 14 | €29,075 | €29,075 | = | 0.0% |
| Provisions and deferred taxes | 16 | €61,259 | €61,259 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €61,259 | €61,259 | = | 0.0% |
| Pensions and similar obligations | 160 | €61,259 | €61,259 | = | 0.0% |
| Amounts payable | 17/49 | €376,654 | €334,419 | -€42,235 | -11.2% |
| Amounts payable after more than one year | 17 | €198,697 | €217,320 | +€18,622 | +9.4% |
| Financial debts | 170/4 | €198,697 | €217,320 | +€18,622 | +9.4% |
| Amounts payable within one year | 42/48 | €177,957 | €117,099 | -€60,858 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €53,984 | €79,589 | +€25,605 | +47.4% |
| Trade debts | 44 | €11,056 | €13,979 | +€2,923 | +26.4% |
| Suppliers | 440/4 | €11,056 | €13,979 | +€2,923 | +26.4% |
| Taxes, remuneration and social security | 45 | €32,251 | €22,655 | -€9,596 | -29.8% |
| Taxes | 450/3 | €32,251 | €22,655 | -€9,596 | -29.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €80,665 | €876 | -€79,790 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,817 | €70,283 | +€23,466 | +50.1% |
| Other operating charges | 640/8 | €3,640 | €6,804 | +€3,164 | +86.9% |
| Gross operating margin | 9900 | €75,922 | €153,628 | +€77,706 | +102% |
| Operating profit (loss) | 9901 | €25,465 | €76,540 | +€51,075 | +201% |
| Financial income | 75/76B | €0 | €250 | +€250 | |
| Recurring financial income | 75 | €0 | €250 | +€250 | |
| Financial charges | 65/66B | €8,256 | €11,321 | +€3,066 | +37.1% |
| Recurring financial charges | 65 | €8,256 | €11,321 | +€3,066 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €17,209 | €65,469 | +€48,259 | +280% |
| Income taxes | 67/77 | €4,895 | €18,485 | +€13,590 | +278% |
| Profit (loss) for the period | 9904 | €12,314 | €46,983 | +€34,669 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €12,314 | €46,983 | +€34,669 | +282% |
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 16 October 2026 via checked.be.