SEPA-ITS: 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.
SEPA-ITS
Largest movements
- Receivables within one year -€4,999
down €4,999 (-16.0%), from €31,223 to €26,224
of which Other amounts receivable: -€2,851
- Debts after one year -€6,499
down €6,499 (-4.2%), from €153,257 to €146,758
- Profit (loss) carried forward +€2,051
up €2,051 (+2.3%), from -€90,829 to -€88,778
- Gross operating margin -€16,286
down €16,286 (-82.9%), from €19,652 to €3,366
- Financial charges -€337
down €337 (-27.2%), from €1,240 to €903
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 | €81,721 | €76,643 | -€5,078 | -6.2% |
| Current assets | 29/58 | €81,721 | €76,643 | -€5,078 | -6.2% |
| Stocks and contracts in progress | 3 | €30,357 | €29,802 | -€555 | -1.8% |
| Stocks | 30/36 | €30,357 | €29,802 | -€555 | -1.8% |
| Amounts receivable within one year | 40/41 | €31,223 | €26,224 | -€4,999 | -16.0% |
| Trade receivables | 40 | €22,964 | €20,816 | -€2,148 | -9.4% |
| Other amounts receivable | 41 | €8,259 | €5,408 | -€2,851 | -34.5% |
| Cash at bank and in hand | 54/58 | €19,868 | €20,344 | +€476 | +2.4% |
| Deferred charges and accrued income | 490/1 | €273 | €273 | = | 0.0% |
| Total equity and liabilities | 10/49 | €81,721 | €76,643 | -€5,078 | -6.2% |
| Equity | 10/15 | -€72,229 | -€70,178 | +€2,051 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,829 | -€88,778 | +€2,051 | +2.3% |
| Amounts payable | 17/49 | €153,950 | €146,821 | -€7,129 | -4.6% |
| Amounts payable after more than one year | 17 | €153,257 | €146,758 | -€6,499 | -4.2% |
| Other amounts payable | 178/9 | €153,257 | €146,758 | -€6,499 | -4.2% |
| Amounts payable within one year | 42/48 | €693 | €63 | -€630 | -90.9% |
| Trade debts | 44 | €693 | €63 | -€630 | -90.9% |
| Suppliers | 440/4 | €693 | €63 | -€630 | -90.9% |
| Other operating charges | 640/8 | €387 | €412 | +€25 | +6.5% |
| Gross operating margin | 9900 | €19,652 | €3,366 | -€16,286 | -82.9% |
| Operating profit (loss) | 9901 | €19,265 | €2,954 | -€16,311 | -84.7% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,240 | €903 | -€337 | -27.2% |
| Recurring financial charges | 65 | €1,240 | €903 | -€337 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €18,034 | €2,051 | -€15,983 | -88.6% |
| Profit (loss) for the period | 9904 | €18,034 | €2,051 | -€15,983 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,034 | €2,051 | -€15,983 | -88.6% |
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 24 October 2026 via checked.be.