SETRA BREE: 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.
SETRA BREE
Largest movements
- Tangible fixed assets -€41,802
down €41,802 (-13.7%), from €304,633 to €262,832
of which Leasing and similar rights: -€27,034
- Receivables within one year -€19,852
down €19,852 (-29.4%), from €67,438 to €47,586
of which Other amounts receivable: -€23,853
- Debts after one year -€48,124
down €48,124 (-31.9%), from €150,930 to €102,806
- Reserves -€13,450
down €13,450 (-11.8%), from €114,300 to €100,850
- Tax, wage and social debts +€7,702
up €7,702 (+205%), from €3,751 to €11,453
of which Taxes: +€7,688
- Trade debts -€6,628
down €6,628 (-83.7%), from €7,919 to €1,291
- Gross operating margin +€7,800
up €7,800 (+9.3%), from €83,606 to €91,406
- Taxes +€4,173
up €4,173 (+32.9%), from €12,689 to €16,862
- Financial charges -€2,059
down €2,059 (-13.4%), from €15,407 to €13,348
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 | €374,073 | €312,746 | -€61,326 | -16.4% |
| Fixed assets | 21/28 | €304,633 | €262,832 | -€41,802 | -13.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €304,633 | €262,832 | -€41,802 | -13.7% |
| Land and buildings | 22 | €254,329 | €241,838 | -€12,491 | -4.9% |
| Plant, machinery and equipment | 23 | €2,652 | €1,686 | -€966 | -36.4% |
| Furniture and vehicles | 24 | €4,690 | €3,379 | -€1,311 | -28.0% |
| Leasing and similar rights | 25 | €42,962 | €15,929 | -€27,034 | -62.9% |
| Current assets | 29/58 | €69,439 | €49,915 | -€19,525 | -28.1% |
| Stocks and contracts in progress | 3 | €200 | €200 | = | 0.0% |
| Stocks | 30/36 | €200 | €200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,438 | €47,586 | -€19,852 | -29.4% |
| Trade receivables | 40 | €26,962 | €30,963 | +€4,001 | +14.8% |
| Other amounts receivable | 41 | €40,475 | €16,623 | -€23,853 | -58.9% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €1,802 | €2,129 | +€327 | +18.2% |
| Total equity and liabilities | 10/49 | €374,073 | €312,746 | -€61,326 | -16.4% |
| Equity | 10/15 | €136,739 | €123,312 | -€13,427 | -9.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €114,300 | €100,850 | -€13,450 | -11.8% |
| Distributable reserves | 133 | €114,300 | €100,850 | -€13,450 | -11.8% |
| Profit (loss) carried forward | 14 | €439 | €462 | +€23 | +5.2% |
| Amounts payable | 17/49 | €237,334 | €189,434 | -€47,899 | -20.2% |
| Amounts payable after more than one year | 17 | €150,930 | €102,806 | -€48,124 | -31.9% |
| Financial debts | 170/4 | €150,930 | €102,806 | -€48,124 | -31.9% |
| Amounts payable within one year | 42/48 | €86,404 | €86,628 | +€224 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €48,002 | €49,862 | +€1,859 | +3.9% |
| Financial debts | 43 | €26,731 | €24,022 | -€2,709 | -10.1% |
| Credit institutions | 430/8 | €26,731 | €24,022 | -€2,709 | -10.1% |
| Trade debts | 44 | €7,919 | €1,291 | -€6,628 | -83.7% |
| Suppliers | 440/4 | €7,919 | €1,291 | -€6,628 | -83.7% |
| Taxes, remuneration and social security | 45 | €3,751 | €11,453 | +€7,702 | +205% |
| Taxes | 450/3 | €1,588 | €9,276 | +€7,688 | +484% |
| Remuneration and social security | 454/9 | €2,163 | €2,177 | +€14 | +0.7% |
| Remuneration, social security and pensions | 62 | €2,259 | €2,142 | -€117 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,094 | €41,802 | -€293 | -0.7% |
| Other operating charges | 640/8 | €4,768 | €4,859 | +€91 | +1.9% |
| Gross operating margin | 9900 | €83,606 | €91,406 | +€7,800 | +9.3% |
| Operating profit (loss) | 9901 | €34,484 | €42,603 | +€8,118 | +23.5% |
| Financial income | 75/76B | €10,681 | €10,131 | -€550 | -5.2% |
| Recurring financial income | 75 | €10,681 | €10,131 | -€550 | -5.2% |
| Financial charges | 65/66B | €15,407 | €13,348 | -€2,059 | -13.4% |
| Recurring financial charges | 65 | €15,407 | €13,348 | -€2,059 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €29,758 | €39,385 | +€9,627 | +32.4% |
| Income taxes | 67/77 | €12,689 | €16,862 | +€4,173 | +32.9% |
| Profit (loss) for the period | 9904 | €17,069 | €22,523 | +€5,454 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,069 | €22,523 | +€5,454 | +32.0% |
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 17 October 2026 via checked.be.