SETICOM BELGIUM: 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.
SETICOM BELGIUM
Largest movements
- Cash +€16,613
up €16,613 (+39.9%), from €41,611 to €58,224
mainly Net result for the year (+€35,859) and Other debts (+€5,000)
- Receivables within one year +€13,267
up €13,267 (+70.9%), from €18,716 to €31,983
of which Other amounts receivable: +€13,943
- Reserves +€20,850
up €20,850 (+61.5%), from €33,880 to €54,730
- Other debts +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Tax, wage and social debts +€4,329
up €4,329 (+63.1%), from €6,862 to €11,191
- Turnover +€19,535
up €19,535 (+34.1%), from €57,318 to €76,853
- Gross operating margin +€13,635
up €13,635 (+33.7%), from €40,451 to €54,086
- Purchases and services +€5,950
up €5,950 (+29.9%), from €19,917 to €25,867
- Taxes +€4,749
up €4,749 (+36.0%), from €13,189 to €17,938
- Financial income +€1,084
up €1,084 (+699%), from €155 to €1,239
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 | €60,342 | €90,311 | +€29,969 | +49.7% |
| Current assets | 29/58 | €60,342 | €90,311 | +€29,969 | +49.7% |
| Amounts receivable within one year | 40/41 | €18,716 | €31,983 | +€13,267 | +70.9% |
| Trade receivables | 40 | €7,332 | €6,656 | -€676 | -9.2% |
| Other amounts receivable | 41 | €11,384 | €25,327 | +€13,943 | +122% |
| Cash at bank and in hand | 54/58 | €41,611 | €58,224 | +€16,613 | +39.9% |
| Deferred charges and accrued income | 490/1 | €15 | €104 | +€89 | +593% |
| Total equity and liabilities | 10/49 | €60,342 | €90,311 | +€29,969 | +49.7% |
| Equity | 10/15 | €42,633 | €63,492 | +€20,859 | +48.9% |
| Contributions | 10/11 | €8,696 | €8,696 | = | 0.0% |
| Reserves | 13 | €33,880 | €54,730 | +€20,850 | +61.5% |
| Distributable reserves | 133 | €33,880 | €54,730 | +€20,850 | +61.5% |
| Profit (loss) carried forward | 14 | €57 | €66 | +€9 | +15.8% |
| Amounts payable | 17/49 | €17,709 | €26,819 | +€9,110 | +51.4% |
| Amounts payable within one year | 42/48 | €17,709 | €26,819 | +€9,110 | +51.4% |
| Trade debts | 44 | €847 | €628 | -€219 | -25.9% |
| Suppliers | 440/4 | €847 | €628 | -€219 | -25.9% |
| Taxes, remuneration and social security | 45 | €6,862 | €11,191 | +€4,329 | +63.1% |
| Taxes | 450/3 | €6,862 | €11,191 | +€4,329 | +63.1% |
| Other amounts payable | 47/48 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Turnover | 70 | €57,318 | €76,853 | +€19,535 | +34.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,917 | €25,867 | +€5,950 | +29.9% |
| Other operating charges | 640/8 | €774 | €765 | -€9 | -1.2% |
| Gross operating margin | 9900 | €40,451 | €54,086 | +€13,635 | +33.7% |
| Operating profit (loss) | 9901 | €39,677 | €53,321 | +€13,644 | +34.4% |
| Financial income | 75/76B | €155 | €1,239 | +€1,084 | +699% |
| Recurring financial income | 75 | €155 | €1,239 | +€1,084 | +699% |
| Financial charges | 65/66B | €947 | €763 | -€184 | -19.4% |
| Recurring financial charges | 65 | €947 | €763 | -€184 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €38,885 | €53,797 | +€14,912 | +38.3% |
| Income taxes | 67/77 | €13,189 | €17,938 | +€4,749 | +36.0% |
| Profit (loss) for the period | 9904 | €25,696 | €35,859 | +€10,163 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,696 | €35,859 | +€10,163 | +39.6% |
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 29 October 2026 via checked.be.