Sépia Shop: 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.
Sépia Shop
Largest movements
- Receivables within one year +€5,157
up €5,157 (+246%), from €2,094 to €7,252
of which Trade receivables: +€5,316
- Cash +€2,569
up €2,569 (+125%), from €2,054 to €4,623
mainly Advances received (+€5,146) and Other debts (+€3,147)
- Tangible fixed assets +€836
new in 2025: €836
- Advances received +€5,146
new in 2025: €5,146
- Other debts +€3,147
new in 2025: €3,147
- Trade debts +€861
up €861 (+55.3%), from €1,556 to €2,417
- Tax, wage and social debts -€643
down €643 (-46.4%), from €1,387 to €744
- Gross operating margin +€2,122
up €2,122 (+143%), from €1,486 to €3,608
- Depreciation +€279
new in 2025: €279
- Taxes +€137
up €137 (+1,248%), from €11 to €148
- Financial charges -€78
down €78 (-15.3%), from €506 to €428
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 | €4,148 | €12,711 | +€8,563 | +206% |
| Fixed assets | 21/28 | - | €836 | +€836 | |
| Tangible fixed assets | 22/27 | - | €836 | +€836 | |
| Furniture and vehicles | 24 | - | €836 | +€836 | |
| Current assets | 29/58 | €4,148 | €11,875 | +€7,727 | +186% |
| Amounts receivable within one year | 40/41 | €2,094 | €7,252 | +€5,157 | +246% |
| Trade receivables | 40 | €1,936 | €7,252 | +€5,316 | +275% |
| Other amounts receivable | 41 | €159 | - | -€159 | |
| Cash at bank and in hand | 54/58 | €2,054 | €4,623 | +€2,569 | +125% |
| Total equity and liabilities | 10/49 | €4,148 | €12,711 | +€8,563 | +206% |
| Equity | 10/15 | -€845 | -€792 | +€53 | +6.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,345 | -€2,292 | +€53 | +2.3% |
| Amounts payable | 17/49 | €4,993 | €13,503 | +€8,510 | +170% |
| Amounts payable after more than one year | 17 | €1,400 | €1,400 | = | 0.0% |
| Financial debts | 170/4 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,593 | €12,103 | +€8,510 | +237% |
| Current portion of amounts payable after more than one year | 42 | €650 | €650 | = | 0.0% |
| Trade debts | 44 | €1,556 | €2,417 | +€861 | +55.3% |
| Suppliers | 440/4 | €1,556 | €2,417 | +€861 | +55.3% |
| Advances received on contracts in progress | 46 | - | €5,146 | +€5,146 | |
| Taxes, remuneration and social security | 45 | €1,387 | €744 | -€643 | -46.4% |
| Taxes | 450/3 | €1,387 | €744 | -€643 | -46.4% |
| Other amounts payable | 47/48 | - | €3,147 | +€3,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €279 | +€279 | |
| Gross operating margin | 9900 | €1,486 | €3,608 | +€2,122 | +143% |
| Operating profit (loss) | 9901 | €1,486 | €3,329 | +€1,843 | +124% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €506 | €428 | -€78 | -15.3% |
| Recurring financial charges | 65 | €506 | €428 | -€78 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €980 | €2,901 | +€1,920 | +196% |
| Income taxes | 67/77 | €11 | €148 | +€137 | +1,248% |
| Profit (loss) for the period | 9904 | €969 | €2,753 | +€1,783 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €969 | €2,753 | +€1,783 | +184% |
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 28 October 2026 via checked.be.