Settinckx: 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.
Settinckx
Largest movements
- Tangible fixed assets -€6,690
down €6,690 (-5.6%), from €118,447 to €111,757
of which Land and buildings: -€5,821
- Receivables within one year -€2,883
down €2,883 (-5.5%), from €52,173 to €49,290
of which Trade receivables: -€12,244
- Cash -€2,042
down €2,042 (-47.5%), from €4,301 to €2,258
mainly Contributions, distributions and other (-€15,000) and Tax, wage and social debts (-€8,013)
- Tax, wage and social debts -€8,013
down €8,013 (-28.1%), from €28,513 to €20,500
- Profit (loss) carried forward -€4,021
down €4,021 (-8.7%), from €46,358 to €42,337
- Debts after one year -€3,369
down €3,369 (-3.5%), from €97,142 to €93,773
- Other debts +€3,321
up €3,321 (+28.2%), from €11,780 to €15,101
- Gross operating margin -€37,942
down €37,942 (-57.7%), from €65,759 to €27,817
- Taxes -€9,416
down €9,416 (-70.0%), from €13,449 to €4,033
- Depreciation +€4,261
up €4,261 (+175.4%), from €2,429 to €6,690
- Financial charges +€2,545
up €2,545 (+81.1%), from €3,139 to €5,684
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 | €190,640 | €179,059 | -€11,581 | -6.1% |
| Fixed assets | 21/28 | €133,447 | €126,757 | -€6,690 | -5.0% |
| Tangible fixed assets | 22/27 | €118,447 | €111,757 | -€6,690 | -5.6% |
| Land and buildings | 22 | €114,229 | €108,408 | -€5,821 | -5.1% |
| Other tangible fixed assets | 26 | €4,218 | €3,349 | -€869 | -20.6% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €57,193 | €52,302 | -€4,891 | -8.6% |
| Amounts receivable within one year | 40/41 | €52,173 | €49,290 | -€2,883 | -5.5% |
| Trade receivables | 40 | €52,173 | €39,929 | -€12,244 | -23.5% |
| Other amounts receivable | 41 | - | €9,361 | +€9,361 | |
| Cash at bank and in hand | 54/58 | €4,301 | €2,258 | -€2,042 | -47.5% |
| Deferred charges and accrued income | 490/1 | €719 | €754 | +€35 | +4.8% |
| Total equity and liabilities | 10/49 | €190,640 | €179,059 | -€11,581 | -6.1% |
| Equity | 10/15 | €47,358 | €43,337 | -€4,021 | -8.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €46,358 | €42,337 | -€4,021 | -8.7% |
| Amounts payable | 17/49 | €143,283 | €135,722 | -€7,561 | -5.3% |
| Amounts payable after more than one year | 17 | €97,142 | €93,773 | -€3,369 | -3.5% |
| Financial debts | 170/4 | €97,142 | €93,773 | -€3,369 | -3.5% |
| Amounts payable within one year | 42/48 | €46,141 | €41,949 | -€4,192 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €3,877 | €4,028 | +€150 | +3.9% |
| Trade debts | 44 | €1,971 | €2,320 | +€349 | +17.7% |
| Suppliers | 440/4 | €1,971 | €2,320 | +€349 | +17.7% |
| Taxes, remuneration and social security | 45 | €28,513 | €20,500 | -€8,013 | -28.1% |
| Taxes | 450/3 | €28,513 | €20,500 | -€8,013 | -28.1% |
| Other amounts payable | 47/48 | €11,780 | €15,101 | +€3,321 | +28.2% |
| Non-recurring operating income | 76A | €2,429 | - | -€2,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,429 | €6,690 | +€4,261 | +175.4% |
| Other operating charges | 640/8 | €384 | €431 | +€47 | +12.3% |
| Gross operating margin | 9900 | €65,759 | €27,817 | -€37,942 | -57.7% |
| Operating profit (loss) | 9901 | €62,946 | €20,696 | -€42,250 | -67.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,139 | €5,684 | +€2,545 | +81.1% |
| Recurring financial charges | 65 | €3,139 | €5,684 | +€2,545 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | €59,807 | €15,012 | -€44,795 | -74.9% |
| Income taxes | 67/77 | €13,449 | €4,033 | -€9,416 | -70.0% |
| Profit (loss) for the period | 9904 | €46,358 | €10,979 | -€35,378 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,358 | €10,979 | -€35,378 | -76.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.