SEPPE CONSTRUCT: 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.
SEPPE CONSTRUCT
Largest movements
- Tangible fixed assets -€26,490
down €26,490 (-28.7%), from €92,140 to €65,651
of which Furniture and vehicles: -€23,219
- Receivables within one year -€10,361
down €10,361 (-42.8%), from €24,211 to €13,851
of which Other amounts receivable: -€6,607
- Deferred charges and accrued income -€6,304
down €6,304 (-85.8%), from €7,345 to €1,041
- Stocks and contracts +€2,698
up €2,698 (+23.2%), from €11,634 to €14,332
of which Contracts in progress: +€1,364
- Debts after one year -€31,698
no longer reported in 2024 (was €31,698)
- Trade debts -€22,614
down €22,614 (-59.6%), from €37,955 to €15,341
- Other debts +€17,169
up €17,169 (+53.1%), from €32,352 to €49,521
- Current portion of long-term debt +€15,171
up €15,171 (+92.0%), from €16,489 to €31,659
- Profit (loss) carried forward -€12,807
down €12,807 (-121%), from -€10,573 to -€23,380
- Turnover -€222,620
no longer reported in 2024 (was €222,620)
- Purchases and services -€186,984
no longer reported in 2024 (was €186,984)
- Staff costs -€37,307
no longer reported in 2024 (was €37,307)
- Gross operating margin -€27,331
down €27,331 (-37.4%), from €73,021 to €45,689
- Financial charges +€21,192
up €21,192 (+557%), from €3,803 to €24,995
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.
Derived cash bridge
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 | €143,161 | €102,818 | -€40,343 | -28.2% |
| Fixed assets | 21/28 | €92,140 | €65,651 | -€26,490 | -28.7% |
| Tangible fixed assets | 22/27 | €92,140 | €65,651 | -€26,490 | -28.7% |
| Plant, machinery and equipment | 23 | €11,115 | €7,844 | -€3,270 | -29.4% |
| Furniture and vehicles | 24 | €81,026 | €57,806 | -€23,219 | -28.7% |
| Current assets | 29/58 | €51,021 | €37,168 | -€13,853 | -27.2% |
| Stocks and contracts in progress | 3 | €11,634 | €14,332 | +€2,698 | +23.2% |
| Stocks | 30/36 | €5,740 | €7,073 | +€1,333 | +23.2% |
| Contracts in progress | 37 | €5,895 | €7,259 | +€1,364 | +23.1% |
| Amounts receivable within one year | 40/41 | €24,211 | €13,851 | -€10,361 | -42.8% |
| Trade receivables | 40 | €3,754 | - | -€3,754 | |
| Other amounts receivable | 41 | €20,458 | €13,851 | -€6,607 | -32.3% |
| Cash at bank and in hand | 54/58 | €7,831 | €7,945 | +€114 | +1.5% |
| Deferred charges and accrued income | 490/1 | €7,345 | €1,041 | -€6,304 | -85.8% |
| Total equity and liabilities | 10/49 | €143,161 | €102,818 | -€40,343 | -28.2% |
| Equity | 10/15 | €3,687 | -€9,120 | -€12,807 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,573 | -€23,380 | -€12,807 | -121% |
| Amounts payable | 17/49 | €139,474 | €111,938 | -€27,536 | -19.7% |
| Amounts payable after more than one year | 17 | €31,698 | - | -€31,698 | |
| Financial debts | 170/4 | €31,698 | - | -€31,698 | |
| Amounts payable within one year | 42/48 | €107,776 | €111,938 | +€4,163 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €16,489 | €31,659 | +€15,171 | +92.0% |
| Financial debts | 43 | €9,001 | €8,976 | -€25 | -0.3% |
| Credit institutions | 430/8 | €9,001 | €8,976 | -€25 | -0.3% |
| Trade debts | 44 | €37,955 | €15,341 | -€22,614 | -59.6% |
| Suppliers | 440/4 | €37,955 | €15,341 | -€22,614 | -59.6% |
| Advances received on contracts in progress | 46 | €7,637 | - | -€7,637 | |
| Taxes, remuneration and social security | 45 | €4,343 | €6,441 | +€2,099 | +48.3% |
| Taxes | 450/3 | €4,343 | €6,441 | +€2,099 | +48.3% |
| Other amounts payable | 47/48 | €32,352 | €49,521 | +€17,169 | +53.1% |
| Turnover | 70 | €222,620 | - | -€222,620 | |
| Goods, raw materials, services and sundry goods | 60/61 | €186,984 | - | -€186,984 | |
| Remuneration, social security and pensions | 62 | €37,307 | - | -€37,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,153 | €32,396 | +€6,243 | +23.9% |
| Other operating charges | 640/8 | €7,268 | €905 | -€6,363 | -87.6% |
| Gross operating margin | 9900 | €73,021 | €45,689 | -€27,331 | -37.4% |
| Operating profit (loss) | 9901 | €2,293 | €12,389 | +€10,096 | +440% |
| Financial income | 75/76B | €12 | €9 | -€3 | -27.9% |
| Recurring financial income | 75 | €12 | €9 | -€3 | -27.9% |
| Financial charges | 65/66B | €3,803 | €24,995 | +€21,192 | +557% |
| Recurring financial charges | 65 | €3,803 | €24,995 | +€21,192 | +557% |
| Profit (loss) for the period before taxes | 9903 | -€1,498 | -€12,597 | -€11,099 | -741% |
| Income taxes | 67/77 | €1,233 | €210 | -€1,023 | -83.0% |
| Profit (loss) for the period | 9904 | -€2,730 | -€12,807 | -€10,076 | -369% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,730 | -€12,807 | -€10,076 | -369% |
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 13 October 2026 via checked.be.