SetBIT: 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.
SetBIT
Largest movements
- Cash -€126,876
down €126,876 (-78.3%), from €161,962 to €35,086
mainly Investment in fixed assets (net) (-€128,295) and Other debts (-€92,035)
- Tangible fixed assets +€125,574
up €125,574 (+4625.2%), from €2,715 to €128,289
of which Land and buildings: +€126,917
- Other debts -€92,035
down €92,035 (-91.1%), from €101,011 to €8,976
- Debts after one year +€71,369
new in 2025: €71,369
- Reserves +€31,108
up €31,108 (+50.5%), from €61,634 to €92,742
- Tax, wage and social debts -€16,095
down €16,095 (-58.3%), from €27,605 to €11,510
of which Taxes: -€19,085
- Current portion of long-term debt +€7,500
new in 2025: €7,500
- Gross operating margin -€50,214
down €50,214 (-41.1%), from €122,291 to €72,077
- Other operating charges +€27,242
up €27,242 (+3945.2%), from €691 to €27,932
- Taxes -€17,675
down €17,675 (-68.2%), from €25,935 to €8,260
- Financial charges +€1,417
up €1,417 (+220.1%), from €644 to €2,061
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 | €206,348 | €201,459 | -€4,889 | -2.4% |
| Fixed assets | 21/28 | €2,715 | €128,289 | +€125,574 | +4625.2% |
| Tangible fixed assets | 22/27 | €2,715 | €128,289 | +€125,574 | +4625.2% |
| Land and buildings | 22 | - | €126,917 | +€126,917 | |
| Furniture and vehicles | 24 | €2,715 | €1,372 | -€1,343 | -49.5% |
| Current assets | 29/58 | €203,633 | €73,170 | -€130,463 | -64.1% |
| Amounts receivable within one year | 40/41 | €39,506 | €37,776 | -€1,730 | -4.4% |
| Trade receivables | 40 | €39,506 | €32,532 | -€6,974 | -17.7% |
| Other amounts receivable | 41 | €0 | €5,244 | +€5,244 | |
| Cash at bank and in hand | 54/58 | €161,962 | €35,086 | -€126,876 | -78.3% |
| Deferred charges and accrued income | 490/1 | €2,165 | €308 | -€1,857 | -85.8% |
| Total equity and liabilities | 10/49 | €206,348 | €201,459 | -€4,889 | -2.4% |
| Equity | 10/15 | €67,634 | €98,742 | +€31,108 | +46.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €61,634 | €92,742 | +€31,108 | +50.5% |
| Distributable reserves | 133 | €61,634 | €92,742 | +€31,108 | +50.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €138,714 | €102,717 | -€35,997 | -26.0% |
| Amounts payable after more than one year | 17 | - | €71,369 | +€71,369 | |
| Financial debts | 170/4 | - | €71,369 | +€71,369 | |
| Amounts payable within one year | 42/48 | €129,912 | €28,923 | -€100,989 | -77.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,500 | +€7,500 | |
| Trade debts | 44 | €1,297 | €937 | -€360 | -27.8% |
| Suppliers | 440/4 | €1,297 | €937 | -€360 | -27.8% |
| Taxes, remuneration and social security | 45 | €27,605 | €11,510 | -€16,095 | -58.3% |
| Taxes | 450/3 | €27,605 | €8,520 | -€19,085 | -69.1% |
| Remuneration and social security | 454/9 | - | €2,990 | +€2,990 | |
| Other amounts payable | 47/48 | €101,011 | €8,976 | -€92,035 | -91.1% |
| Accrued charges and deferred income | 492/3 | €8,802 | €2,425 | -€6,377 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,900 | €2,721 | -€1,179 | -30.2% |
| Other operating charges | 640/8 | €691 | €27,932 | +€27,242 | +3945.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €122,291 | €72,077 | -€50,214 | -41.1% |
| Operating profit (loss) | 9901 | €117,700 | €41,424 | -€76,276 | -64.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +49900.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +49900.0% |
| Financial charges | 65/66B | €644 | €2,061 | +€1,417 | +220.1% |
| Recurring financial charges | 65 | €644 | €2,061 | +€1,417 | +220.1% |
| Profit (loss) for the period before taxes | 9903 | €117,056 | €39,368 | -€77,688 | -66.4% |
| Income taxes | 67/77 | €25,935 | €8,260 | -€17,675 | -68.2% |
| Profit (loss) for the period | 9904 | €91,121 | €31,108 | -€60,013 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,121 | €31,108 | -€60,013 | -65.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.