Sette Piatti: 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.
Sette Piatti
Largest movements
- Cash -€41,903
down €41,903 (-41.5%), from €101,014 to €59,111
mainly Debts after one year (-€24,096) and Receivables within one year (-€22,000)
- Intangible fixed assets -€30,000
down €30,000 (-80.4%), from €37,315 to €7,315
- Receivables within one year +€22,000
up €22,000 (+55.8%), from €39,419 to €61,420
of which Other amounts receivable: +€24,834
- Deferred charges and accrued income +€3,791
up €3,791 (+129%), from €2,935 to €6,726
- Stocks and contracts -€2,139
down €2,139 (-24.1%), from €8,860 to €6,721
- Debts after one year -€24,096
no longer reported in 2025 (was €24,096)
- Other debts -€15,682
down €15,682 (-77.6%), from €20,200 to €4,518
- Trade debts -€13,010
down €13,010 (-91.1%), from €14,280 to €1,270
- Reserves +€8,879
up €8,879 (+7.7%), from €115,301 to €124,180
- Accrued charges and deferred income -€3,289
down €3,289 (-92.3%), from €3,562 to €273
- Gross operating margin -€86,868
down €86,868 (-39.9%), from €217,911 to €131,044
- Staff costs -€31,107
down €31,107 (-27.2%), from €114,389 to €83,281
- Taxes -€10,532
down €10,532 (-83.6%), from €12,596 to €2,063
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 | €197,821 | €147,646 | -€50,176 | -25.4% |
| Fixed assets | 21/28 | €45,592 | €13,668 | -€31,924 | -70.0% |
| Intangible fixed assets | 21 | €37,315 | €7,315 | -€30,000 | -80.4% |
| Tangible fixed assets | 22/27 | €8,277 | €6,353 | -€1,924 | -23.2% |
| Plant, machinery and equipment | 23 | €5,228 | €4,165 | -€1,063 | -20.3% |
| Furniture and vehicles | 24 | €3,050 | €2,188 | -€862 | -28.3% |
| Current assets | 29/58 | €152,229 | €133,978 | -€18,251 | -12.0% |
| Stocks and contracts in progress | 3 | €8,860 | €6,721 | -€2,139 | -24.1% |
| Stocks | 30/36 | €8,860 | €6,721 | -€2,139 | -24.1% |
| Amounts receivable within one year | 40/41 | €39,419 | €61,420 | +€22,000 | +55.8% |
| Trade receivables | 40 | €31,072 | €28,238 | -€2,834 | -9.1% |
| Other amounts receivable | 41 | €8,347 | €33,181 | +€24,834 | +298% |
| Cash at bank and in hand | 54/58 | €101,014 | €59,111 | -€41,903 | -41.5% |
| Deferred charges and accrued income | 490/1 | €2,935 | €6,726 | +€3,791 | +129% |
| Total equity and liabilities | 10/49 | €197,821 | €147,646 | -€50,176 | -25.4% |
| Equity | 10/15 | €117,301 | €126,180 | +€8,879 | +7.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €115,301 | €124,180 | +€8,879 | +7.7% |
| Distributable reserves | 133 | €115,301 | €124,180 | +€8,879 | +7.7% |
| Amounts payable | 17/49 | €80,521 | €21,466 | -€59,055 | -73.3% |
| Amounts payable after more than one year | 17 | €24,096 | - | -€24,096 | |
| Financial debts | 170/4 | €24,096 | - | -€24,096 | |
| Amounts payable within one year | 42/48 | €52,862 | €21,193 | -€31,670 | -59.9% |
| Trade debts | 44 | €14,280 | €1,270 | -€13,010 | -91.1% |
| Suppliers | 440/4 | €14,280 | €1,270 | -€13,010 | -91.1% |
| Advances received on contracts in progress | 46 | €65 | €77 | +€12 | +18.3% |
| Taxes, remuneration and social security | 45 | €18,317 | €15,328 | -€2,989 | -16.3% |
| Taxes | 450/3 | €7,461 | €5,335 | -€2,126 | -28.5% |
| Remuneration and social security | 454/9 | €10,856 | €9,994 | -€863 | -7.9% |
| Other amounts payable | 47/48 | €20,200 | €4,518 | -€15,682 | -77.6% |
| Accrued charges and deferred income | 492/3 | €3,562 | €273 | -€3,289 | -92.3% |
| Remuneration, social security and pensions | 62 | €114,389 | €83,281 | -€31,107 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,826 | €32,872 | +€45 | +0.1% |
| Other operating charges | 640/8 | €1,882 | €2,258 | +€375 | +20.0% |
| Non-recurring operating charges | 66A | €262 | €569 | +€307 | +117% |
| Gross operating margin | 9900 | €217,911 | €131,044 | -€86,868 | -39.9% |
| Operating profit (loss) | 9901 | €68,552 | €12,064 | -€56,488 | -82.4% |
| Financial income | 75/76B | €108 | €1,100 | +€992 | +915% |
| Recurring financial income | 75 | €108 | €1,100 | +€992 | +915% |
| Financial charges | 65/66B | €3,590 | €2,222 | -€1,368 | -38.1% |
| Recurring financial charges | 65 | €3,590 | €2,222 | -€1,368 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €65,071 | €10,943 | -€54,128 | -83.2% |
| Income taxes | 67/77 | €12,596 | €2,063 | -€10,532 | -83.6% |
| Profit (loss) for the period | 9904 | €52,475 | €8,879 | -€43,596 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,475 | €8,879 | -€43,596 | -83.1% |
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 1 November 2026 via checked.be.