SEPPE TOOLS: 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 TOOLS
Largest movements
- Tangible fixed assets +€32,147
new in 2025: €32,147
- Cash -€4,722
down €4,722 (-96.8%), from €4,877 to €155
mainly Investment in fixed assets (net) (-€36,907) and Net result for the year (-€7,470)
- Receivables within one year -€4,074
down €4,074 (-9.2%), from €44,397 to €40,323
of which Trade receivables: -€13,475
- Debts after one year +€17,744
new in 2025: €17,744
- Profit (loss) carried forward -€7,470
down €7,470 (-54.7%), from €13,647 to €6,177
- Tax, wage and social debts +€4,879
up €4,879 (+66.3%), from €7,363 to €12,241
- Current portion of long-term debt +€4,110
new in 2025: €4,110
- Trade debts +€2,079
up €2,079 (+31.6%), from €6,577 to €8,656
- Write-downs +€32,000
new in 2025: €32,000
- Gross operating margin +€17,715
up €17,715 (+78.9%), from €22,450 to €40,165
- Depreciation +€4,760
new in 2025: €4,760
- Financial charges +€2,562
up €2,562 (+806%), from €318 to €2,879
- Taxes -€2,484
down €2,484 (-33.7%), from €7,363 to €4,879
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 | €49,802 | €72,773 | +€22,970 | +46.1% |
| Fixed assets | 21/28 | - | €32,147 | +€32,147 | |
| Tangible fixed assets | 22/27 | - | €32,147 | +€32,147 | |
| Furniture and vehicles | 24 | - | €32,147 | +€32,147 | |
| Current assets | 29/58 | €49,802 | €40,626 | -€9,177 | -18.4% |
| Stocks and contracts in progress | 3 | €528 | - | -€528 | |
| Stocks | 30/36 | €528 | - | -€528 | |
| Amounts receivable within one year | 40/41 | €44,397 | €40,323 | -€4,074 | -9.2% |
| Trade receivables | 40 | €43,042 | €29,568 | -€13,475 | -31.3% |
| Other amounts receivable | 41 | €1,355 | €10,755 | +€9,400 | +694% |
| Current investments | 50/53 | - | €147 | +€147 | |
| Cash at bank and in hand | 54/58 | €4,877 | €155 | -€4,722 | -96.8% |
| Total equity and liabilities | 10/49 | €49,802 | €72,773 | +€22,970 | +46.1% |
| Equity | 10/15 | €21,712 | €14,242 | -€7,470 | -34.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 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 | €13,647 | €6,177 | -€7,470 | -54.7% |
| Amounts payable | 17/49 | €28,090 | €58,531 | +€30,441 | +108% |
| Amounts payable after more than one year | 17 | - | €17,744 | +€17,744 | |
| Financial debts | 170/4 | - | €17,744 | +€17,744 | |
| Amounts payable within one year | 42/48 | €28,090 | €40,787 | +€12,697 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,110 | +€4,110 | |
| Trade debts | 44 | €6,577 | €8,656 | +€2,079 | +31.6% |
| Suppliers | 440/4 | €6,577 | €8,656 | +€2,079 | +31.6% |
| Taxes, remuneration and social security | 45 | €7,363 | €12,241 | +€4,879 | +66.3% |
| Taxes | 450/3 | €7,363 | €12,241 | +€4,879 | +66.3% |
| Other amounts payable | 47/48 | €14,151 | €15,780 | +€1,630 | +11.5% |
| Non-recurring operating income | 76A | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,760 | +€4,760 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,000 | +€32,000 | |
| Other operating charges | 640/8 | €2,789 | €2,936 | +€146 | +5.2% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €22,450 | €40,165 | +€17,715 | +78.9% |
| Operating profit (loss) | 9901 | €19,661 | €219 | -€19,442 | -98.9% |
| Financial income | 75/76B | €51 | €69 | +€18 | +35.7% |
| Recurring financial income | 75 | €51 | €69 | +€18 | +35.7% |
| Financial charges | 65/66B | €318 | €2,879 | +€2,562 | +806% |
| Recurring financial charges | 65 | €318 | €2,879 | +€2,562 | +806% |
| Profit (loss) for the period before taxes | 9903 | €19,394 | -€2,592 | -€21,985 | |
| Income taxes | 67/77 | €7,363 | €4,879 | -€2,484 | -33.7% |
| Profit (loss) for the period | 9904 | €12,031 | -€7,470 | -€19,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,031 | -€7,470 | -€19,502 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.