SèT: 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.
SèT
Largest movements
- Cash +€62,224
up €62,224 (+6020.4%), from €1,034 to €63,258
mainly Net result for the year (+€69,642) and Stocks and contracts (+€22,029)
- Stocks and contracts -€22,029
down €22,029 (-4.9%), from €447,266 to €425,237
- Reserves +€53,808
new in 2025: €53,808
- Debts after one year -€45,480
down €45,480 (-4.6%), from €982,000 to €936,520
of which Other amounts payable: -€45,480
- Profit (loss) carried forward +€15,834
up €15,834, from -€15,834 to €0
- Tax, wage and social debts +€13,429
new in 2025: €13,429
- Gross operating margin +€86,618
up €86,618, from -€2,249 to €84,369
- Taxes +€13,429
new in 2025: €13,429
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 | €968,299 | €1,008,495 | +€40,195 | +4.2% |
| Fixed assets | 21/28 | €520,000 | €520,000 | = | 0.0% |
| Financial fixed assets | 28 | €520,000 | €520,000 | = | 0.0% |
| Current assets | 29/58 | €448,299 | €488,495 | +€40,195 | +9.0% |
| Stocks and contracts in progress | 3 | €447,266 | €425,237 | -€22,029 | -4.9% |
| Stocks | 30/36 | €447,266 | €425,237 | -€22,029 | -4.9% |
| Cash at bank and in hand | 54/58 | €1,034 | €63,258 | +€62,224 | +6020.4% |
| Total equity and liabilities | 10/49 | €968,299 | €1,008,495 | +€40,195 | +4.2% |
| Equity | 10/15 | -€13,834 | €55,808 | +€69,642 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €53,808 | +€53,808 | |
| Distributable reserves | 133 | - | €53,808 | +€53,808 | |
| Profit (loss) carried forward | 14 | -€15,834 | €0 | +€15,834 | |
| Amounts payable | 17/49 | €982,133 | €952,687 | -€29,446 | -3.0% |
| Amounts payable after more than one year | 17 | €982,000 | €936,520 | -€45,480 | -4.6% |
| Financial debts | 170/4 | €520,000 | €520,000 | = | 0.0% |
| Other amounts payable | 178/9 | €462,000 | €416,520 | -€45,480 | -9.8% |
| Amounts payable within one year | 42/48 | €133 | €16,167 | +€16,034 | +12046.4% |
| Trade debts | 44 | €133 | €2,738 | +€2,605 | +1957.0% |
| Suppliers | 440/4 | €133 | €2,738 | +€2,605 | +1957.0% |
| Taxes, remuneration and social security | 45 | - | €13,429 | +€13,429 | |
| Taxes | 450/3 | - | €13,429 | +€13,429 | |
| Other operating charges | 640/8 | €534 | €1,148 | +€614 | +114.8% |
| Gross operating margin | 9900 | -€2,249 | €84,369 | +€86,618 | |
| Operating profit (loss) | 9901 | -€2,783 | €83,221 | +€86,004 | |
| Financial charges | 65/66B | €105 | €150 | +€45 | +42.9% |
| Recurring financial charges | 65 | €105 | €150 | +€45 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,888 | €83,071 | +€85,959 | |
| Income taxes | 67/77 | - | €13,429 | +€13,429 | |
| Profit (loss) for the period | 9904 | -€2,888 | €69,642 | +€72,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,888 | €69,642 | +€72,530 |
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.