SET ASSET: 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.
SET ASSET
Largest movements
- Receivables within one year -€13,468
down €13,468 (-12.5%), from €107,657 to €94,188
of which Trade receivables: -€22,498
- Cash +€4,142
up €4,142 (+1396.2%), from €297 to €4,438
mainly Receivables within one year (+€13,468) and Net result for the year (+€11,494)
- Trade debts -€15,185
down €15,185 (-86.2%), from €17,623 to €2,437
- Reserves +€11,494
up €11,494 (+22.8%), from €50,433 to €61,927
of which Distributable reserves: +€11,494
- Current portion of long-term debt -€7,425
no longer reported in 2024 (was €7,425)
- Tax, wage and social debts +€1,333
up €1,333 (+16.0%), from €8,347 to €9,681
- Gross operating margin +€11,252
up €11,252 (+267.0%), from €4,214 to €15,466
- Taxes +€3,547
up €3,547 (+105.1%), from €3,376 to €6,924
- Financial income -€468
down €468 (-10.6%), from €4,405 to €3,937
- Financial charges -€228
down €228 (-37.5%), from €608 to €380
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,593 | €107,810 | -€9,783 | -8.3% |
| Fixed assets | 21/28 | €676 | €689 | +€13 | +2.0% |
| Tangible fixed assets | 22/27 | €605 | €618 | +€13 | +2.2% |
| Plant, machinery and equipment | 23 | €605 | €618 | +€13 | +2.2% |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €116,918 | €107,121 | -€9,797 | -8.4% |
| Amounts receivable within one year | 40/41 | €107,657 | €94,188 | -€13,468 | -12.5% |
| Trade receivables | 40 | €35,527 | €13,028 | -€22,498 | -63.3% |
| Other amounts receivable | 41 | €72,130 | €81,160 | +€9,030 | +12.5% |
| Cash at bank and in hand | 54/58 | €297 | €4,438 | +€4,142 | +1396.2% |
| Deferred charges and accrued income | 490/1 | €8,964 | €8,494 | -€470 | -5.2% |
| Total equity and liabilities | 10/49 | €117,593 | €107,810 | -€9,783 | -8.3% |
| Equity | 10/15 | €84,198 | €95,692 | +€11,494 | +13.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €50,433 | €61,927 | +€11,494 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,573 | €60,067 | +€11,494 | +23.7% |
| Profit (loss) carried forward | 14 | €18,765 | €18,765 | = | 0.0% |
| Amounts payable | 17/49 | €33,395 | €12,118 | -€21,277 | -63.7% |
| Amounts payable within one year | 42/48 | €33,395 | €12,118 | -€21,277 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €7,425 | - | -€7,425 | |
| Trade debts | 44 | €17,623 | €2,437 | -€15,185 | -86.2% |
| Suppliers | 440/4 | €17,623 | €2,437 | -€15,185 | -86.2% |
| Taxes, remuneration and social security | 45 | €8,347 | €9,681 | +€1,333 | +16.0% |
| Taxes | 450/3 | €8,347 | €9,681 | +€1,333 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €606 | -€133 | -18.0% |
| Non-recurring operating charges | 66A | €73 | - | -€73 | |
| Gross operating margin | 9900 | €4,214 | €15,466 | +€11,252 | +267.0% |
| Operating profit (loss) | 9901 | €3,403 | €14,860 | +€11,457 | +336.7% |
| Financial income | 75/76B | €4,405 | €3,937 | -€468 | -10.6% |
| Recurring financial income | 75 | €4,405 | €3,937 | -€468 | -10.6% |
| Financial charges | 65/66B | €608 | €380 | -€228 | -37.5% |
| Recurring financial charges | 65 | €608 | €380 | -€228 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €7,200 | €18,417 | +€11,217 | +155.8% |
| Income taxes | 67/77 | €3,376 | €6,924 | +€3,547 | +105.1% |
| Profit (loss) for the period | 9904 | €3,824 | €11,494 | +€7,670 | +200.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,824 | €11,494 | +€7,670 | +200.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.