SETIPSY: 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.
SETIPSY
Largest movements
- Cash -€36,144
down €36,144 (-56.2%), from €64,271 to €28,127
mainly Contributions, distributions and other (-€92,000) and Receivables within one year (-€31,298)
- Receivables within one year +€31,298
up €31,298 (+21.3%), from €146,828 to €178,127
of which Trade receivables: +€23,957
- Other debts -€8,000
down €8,000 (-8.0%), from €100,000 to €92,000
- Gross operating margin +€5,084
up €5,084 (+4.4%), from €115,886 to €120,971
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 | €217,622 | €210,372 | -€7,250 | -3.3% |
| Fixed assets | 21/28 | €4,910 | €2,781 | -€2,129 | -43.4% |
| Tangible fixed assets | 22/27 | €4,590 | €2,461 | -€2,129 | -46.4% |
| Plant, machinery and equipment | 23 | €638 | €255 | -€383 | -60.0% |
| Furniture and vehicles | 24 | €3,952 | €2,206 | -€1,746 | -44.2% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €212,712 | €207,591 | -€5,121 | -2.4% |
| Amounts receivable within one year | 40/41 | €146,828 | €178,127 | +€31,298 | +21.3% |
| Trade receivables | 40 | €23,957 | €47,913 | +€23,957 | +100.0% |
| Other amounts receivable | 41 | €122,872 | €130,213 | +€7,342 | +6.0% |
| Cash at bank and in hand | 54/58 | €64,271 | €28,127 | -€36,144 | -56.2% |
| Deferred charges and accrued income | 490/1 | €1,613 | €1,337 | -€275 | -17.1% |
| Total equity and liabilities | 10/49 | €217,622 | €210,372 | -€7,250 | -3.3% |
| Equity | 10/15 | €104,484 | €104,989 | +€505 | +0.5% |
| Contributions | 10/11 | €13,355 | €13,355 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| 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 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,268 | €49,773 | +€505 | +1.0% |
| Amounts payable | 17/49 | €113,138 | €105,383 | -€7,755 | -6.9% |
| Amounts payable within one year | 42/48 | €113,138 | €105,383 | -€7,755 | -6.9% |
| Financial debts | 43 | €12,154 | €12,172 | +€17 | +0.1% |
| Credit institutions | 430/8 | €12,154 | €12,172 | +€17 | +0.1% |
| Trade debts | 44 | €984 | €1,211 | +€227 | +23.1% |
| Suppliers | 440/4 | €984 | €1,211 | +€227 | +23.1% |
| Other amounts payable | 47/48 | €100,000 | €92,000 | -€8,000 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,606 | €2,129 | -€476 | -18.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €115,886 | €120,971 | +€5,084 | +4.4% |
| Operating profit (loss) | 9901 | €112,896 | €118,454 | +€5,558 | +4.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Non-recurring financial income | 76B | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,418 | €2,033 | +€616 | +43.4% |
| Recurring financial charges | 65 | €1,418 | €2,033 | +€616 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €111,478 | €116,423 | +€4,944 | +4.4% |
| Income taxes | 67/77 | €23,003 | €23,918 | +€915 | +4.0% |
| Profit (loss) for the period | 9904 | €88,475 | €92,505 | +€4,030 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,475 | €92,505 | +€4,030 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.