Setra & Co: 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 & Co
Largest movements
- Tangible fixed assets -€11,712
down €11,712 (-41.6%), from €28,148 to €16,436
of which Furniture and vehicles: -€11,387
- Receivables within one year +€5,580
up €5,580 (+10.8%), from €51,778 to €57,358
of which Other amounts receivable: +€9,303
- Trade debts +€10,178
up €10,178 (+102%), from €9,948 to €20,126
- Debts after one year -€7,824
down €7,824 (-80.0%), from €9,780 to €1,956
- Tax, wage and social debts -€4,620
down €4,620 (-32.3%), from €14,321 to €9,701
of which Taxes: -€4,221
- Current portion of long-term debt -€3,639
down €3,639 (-31.7%), from €11,463 to €7,824
- Reserves -€2,008
down €2,008 (-3.3%), from €61,156 to €59,148
- Other operating charges -€23,547
down €23,547 (-94.6%), from €24,880 to €1,333
- Staff costs +€21,433
up €21,433 (+41.3%), from €51,931 to €73,364
- Gross operating margin -€11,079
down €11,079 (-11.5%), from €96,105 to €85,026
- Depreciation +€2,757
up €2,757 (+30.8%), from €8,955 to €11,712
- Taxes -€2,038
down €2,038 (-98.9%), from €2,060 to €22
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 | €125,267 | €117,354 | -€7,913 | -6.3% |
| Fixed assets | 21/28 | €28,148 | €16,436 | -€11,712 | -41.6% |
| Tangible fixed assets | 22/27 | €28,148 | €16,436 | -€11,712 | -41.6% |
| Plant, machinery and equipment | 23 | €790 | €465 | -€325 | -41.2% |
| Furniture and vehicles | 24 | €27,358 | €15,971 | -€11,387 | -41.6% |
| Current assets | 29/58 | €97,119 | €100,919 | +€3,799 | +3.9% |
| Amounts receivable within one year | 40/41 | €51,778 | €57,358 | +€5,580 | +10.8% |
| Trade receivables | 40 | €51,778 | €48,055 | -€3,723 | -7.2% |
| Other amounts receivable | 41 | - | €9,303 | +€9,303 | |
| Cash at bank and in hand | 54/58 | €44,452 | €43,285 | -€1,167 | -2.6% |
| Deferred charges and accrued income | 490/1 | €889 | €275 | -€614 | -69.0% |
| Total equity and liabilities | 10/49 | €125,267 | €117,354 | -€7,913 | -6.3% |
| Equity | 10/15 | €79,756 | €77,748 | -€2,008 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,156 | €59,148 | -€2,008 | -3.3% |
| Distributable reserves | 133 | €61,156 | €59,148 | -€2,008 | -3.3% |
| Amounts payable | 17/49 | €45,512 | €39,606 | -€5,905 | -13.0% |
| Amounts payable after more than one year | 17 | €9,780 | €1,956 | -€7,824 | -80.0% |
| Financial debts | 170/4 | €9,780 | €1,956 | -€7,824 | -80.0% |
| Amounts payable within one year | 42/48 | €35,732 | €37,650 | +€1,919 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €11,463 | €7,824 | -€3,639 | -31.7% |
| Trade debts | 44 | €9,948 | €20,126 | +€10,178 | +102% |
| Suppliers | 440/4 | €9,948 | €20,126 | +€10,178 | +102% |
| Taxes, remuneration and social security | 45 | €14,321 | €9,701 | -€4,620 | -32.3% |
| Taxes | 450/3 | €8,467 | €4,245 | -€4,221 | -49.9% |
| Remuneration and social security | 454/9 | €5,854 | €5,455 | -€399 | -6.8% |
| Remuneration, social security and pensions | 62 | €51,931 | €73,364 | +€21,433 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,955 | €11,712 | +€2,757 | +30.8% |
| Other operating charges | 640/8 | €24,880 | €1,333 | -€23,547 | -94.6% |
| Gross operating margin | 9900 | €96,105 | €85,026 | -€11,079 | -11.5% |
| Operating profit (loss) | 9901 | €10,338 | -€1,383 | -€11,722 | |
| Financial income | 75/76B | €2 | €142 | +€140 | +6,634% |
| Recurring financial income | 75 | €2 | €142 | +€140 | +6,634% |
| Financial charges | 65/66B | €1,185 | €744 | -€440 | -37.2% |
| Recurring financial charges | 65 | €1,185 | €744 | -€440 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €9,156 | -€1,986 | -€11,141 | |
| Income taxes | 67/77 | €2,060 | €22 | -€2,038 | -98.9% |
| Profit (loss) for the period | 9904 | €7,096 | -€2,008 | -€9,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,096 | -€2,008 | -€9,104 |
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 15 October 2026 via checked.be.