ELEVAGE DE SEPTON: 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.
ELEVAGE DE SEPTON
Largest movements
- Stocks and contracts +€101,000
up €101,000 (+48.1%), from €210,000 to €311,000
- Tangible fixed assets -€28,758
down €28,758 (-23.1%), from €124,275 to €95,517
of which Furniture and vehicles: -€26,811
- Cash -€24,329
down €24,329 (-45.6%), from €53,303 to €28,974
mainly Stocks and contracts (-€101,000) and Debts after one year (-€11,341)
- Receivables within one year -€23,659
down €23,659 (-63.1%), from €37,489 to €13,831
of which Other amounts receivable: -€21,626
- Reserves +€25,000
up €25,000 (+11.0%), from €228,000 to €253,000
- Debts after one year -€11,341
down €11,341 (-24.8%), from €45,772 to €34,431
- Trade debts +€7,234
new in 2025: €7,234
- Tax, wage and social debts +€4,693
up €4,693 (+35.8%), from €13,109 to €17,802
of which Taxes: +€4,740
- Gross operating margin -€316,387
down €316,387 (-80.4%), from €393,563 to €77,176
- Taxes -€97,858
down €97,858 (-86.2%), from €113,559 to €15,702
- Depreciation +€11,646
up €11,646 (+68.1%), from €17,112 to €28,758
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 | €425,852 | €451,950 | +€26,098 | +6.1% |
| Fixed assets | 21/28 | €124,275 | €95,517 | -€28,758 | -23.1% |
| Tangible fixed assets | 22/27 | €124,275 | €95,517 | -€28,758 | -23.1% |
| Plant, machinery and equipment | 23 | €7,330 | €5,383 | -€1,947 | -26.6% |
| Furniture and vehicles | 24 | €116,945 | €90,134 | -€26,811 | -22.9% |
| Current assets | 29/58 | €301,577 | €356,432 | +€54,855 | +18.2% |
| Stocks and contracts in progress | 3 | €210,000 | €311,000 | +€101,000 | +48.1% |
| Stocks | 30/36 | €210,000 | €311,000 | +€101,000 | +48.1% |
| Amounts receivable within one year | 40/41 | €37,489 | €13,831 | -€23,659 | -63.1% |
| Trade receivables | 40 | €2,420 | €387 | -€2,033 | -84.0% |
| Other amounts receivable | 41 | €35,069 | €13,443 | -€21,626 | -61.7% |
| Cash at bank and in hand | 54/58 | €53,303 | €28,974 | -€24,329 | -45.6% |
| Deferred charges and accrued income | 490/1 | €784 | €2,627 | +€1,843 | +235% |
| Total equity and liabilities | 10/49 | €425,852 | €451,950 | +€26,098 | +6.1% |
| Equity | 10/15 | €318,007 | €347,037 | +€29,030 | +9.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €228,000 | €253,000 | +€25,000 | +11.0% |
| Distributable reserves | 133 | €228,000 | €253,000 | +€25,000 | +11.0% |
| Profit (loss) carried forward | 14 | €85,007 | €89,037 | +€4,030 | +4.7% |
| Amounts payable | 17/49 | €107,846 | €104,913 | -€2,933 | -2.7% |
| Amounts payable after more than one year | 17 | €45,772 | €34,431 | -€11,341 | -24.8% |
| Financial debts | 170/4 | €45,772 | €34,431 | -€11,341 | -24.8% |
| Amounts payable within one year | 42/48 | €61,007 | €70,482 | +€9,475 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €10,942 | €11,341 | +€399 | +3.6% |
| Trade debts | 44 | - | €7,234 | +€7,234 | |
| Suppliers | 440/4 | - | €7,234 | +€7,234 | |
| Taxes, remuneration and social security | 45 | €13,109 | €17,802 | +€4,693 | +35.8% |
| Taxes | 450/3 | €13,062 | €17,802 | +€4,740 | +36.3% |
| Remuneration and social security | 454/9 | €47 | - | -€47 | |
| Other amounts payable | 47/48 | €36,956 | €34,104 | -€2,851 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,067 | - | -€1,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,112 | €28,758 | +€11,646 | +68.1% |
| Other operating charges | 640/8 | €2,982 | €1,704 | -€1,278 | -42.8% |
| Gross operating margin | 9900 | €393,563 | €77,176 | -€316,387 | -80.4% |
| Operating profit (loss) | 9901 | €373,470 | €46,714 | -€326,756 | -87.5% |
| Financial income | 75/76B | €2,078 | €47 | -€2,031 | -97.7% |
| Recurring financial income | 75 | €2,078 | €47 | -€2,031 | -97.7% |
| Financial charges | 65/66B | €612 | €2,029 | +€1,416 | +231% |
| Recurring financial charges | 65 | €612 | €2,029 | +€1,416 | +231% |
| Profit (loss) for the period before taxes | 9903 | €374,935 | €44,732 | -€330,203 | -88.1% |
| Income taxes | 67/77 | €113,559 | €15,702 | -€97,858 | -86.2% |
| Profit (loss) for the period | 9904 | €261,376 | €29,030 | -€232,346 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €261,376 | €29,030 | -€232,346 | -88.9% |
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.