Sestro: 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.
Sestro
Largest movements
- Receivables after one year +€90,000
new in 2025: €90,000
- Cash -€63,721
down €63,721 (-57.3%), from €111,139 to €47,419
mainly Receivables after one year (-€90,000) and Contributions, distributions and other (-€57,500)
- Receivables within one year -€29,292
down €29,292 (-28.5%), from €102,668 to €73,376
of which Trade receivables: -€18,063
- Tangible fixed assets +€10,247
up €10,247, from €0 to €10,247
- Deferred charges and accrued income +€5,677
up €5,677 (+161.9%), from €3,506 to €9,183
- Other debts +€13,360
up €13,360 (+6.6%), from €202,000 to €215,360
- Gross operating margin -€5,673
down €5,673 (-7.5%), from €75,209 to €69,536
- Depreciation +€2,127
up €2,127, from €0 to €2,127
- Financial income +€1,709
up €1,709 (+48.7%), from €3,506 to €5,214
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 | €217,313 | €230,225 | +€12,912 | +5.9% |
| Fixed assets | 21/28 | €0 | €10,247 | +€10,247 | |
| Tangible fixed assets | 22/27 | €0 | €10,247 | +€10,247 | |
| Furniture and vehicles | 24 | €0 | €10,247 | +€10,247 | |
| Current assets | 29/58 | €217,313 | €219,978 | +€2,665 | +1.2% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Amounts receivable within one year | 40/41 | €102,668 | €73,376 | -€29,292 | -28.5% |
| Trade receivables | 40 | €31,439 | €13,376 | -€18,063 | -57.5% |
| Other amounts receivable | 41 | €71,229 | €60,000 | -€11,229 | -15.8% |
| Cash at bank and in hand | 54/58 | €111,139 | €47,419 | -€63,721 | -57.3% |
| Deferred charges and accrued income | 490/1 | €3,506 | €9,183 | +€5,677 | +161.9% |
| Total equity and liabilities | 10/49 | €217,313 | €230,225 | +€12,912 | +5.9% |
| Equity | 10/15 | €2,919 | €2,411 | -€508 | -17.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €919 | €411 | -€508 | -55.3% |
| Amounts payable | 17/49 | €214,393 | €227,814 | +€13,420 | +6.3% |
| Amounts payable within one year | 42/48 | €214,393 | €227,814 | +€13,420 | +6.3% |
| Trade debts | 44 | €2,518 | €2,581 | +€63 | +2.5% |
| Suppliers | 440/4 | €2,518 | €2,581 | +€63 | +2.5% |
| Taxes, remuneration and social security | 45 | €9,875 | €9,873 | -€2 | 0.0% |
| Taxes | 450/3 | €9,875 | €9,873 | -€2 | 0.0% |
| Other amounts payable | 47/48 | €202,000 | €215,360 | +€13,360 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €2,127 | +€2,127 | |
| Other operating charges | 640/8 | €118 | €173 | +€55 | +46.8% |
| Non-recurring operating charges | 66A | €3,368 | €0 | -€3,368 | -100.0% |
| Gross operating margin | 9900 | €75,209 | €69,536 | -€5,673 | -7.5% |
| Operating profit (loss) | 9901 | €71,723 | €67,235 | -€4,487 | -6.3% |
| Financial income | 75/76B | €3,506 | €5,214 | +€1,709 | +48.7% |
| Recurring financial income | 75 | €3,506 | €5,214 | +€1,709 | +48.7% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €75,161 | €72,377 | -€2,784 | -3.7% |
| Income taxes | 67/77 | €15,941 | €15,386 | -€555 | -3.5% |
| Profit (loss) for the period | 9904 | €59,220 | €56,992 | -€2,228 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,220 | €56,992 | -€2,228 | -3.8% |
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 12 October 2026 via checked.be.