Seps Minerals: 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.
Seps Minerals
Largest movements
- Current assets +€58,081
up €58,081 (+103%), from €56,466 to €114,547
of which Cash: +€47,748
- Tangible fixed assets +€29,570
up €29,570 (+366%), from €8,081 to €37,651
of which Plant, machinery and equipment: +€28,284
- Reserves +€33,739
up €33,739 (+590%), from €5,720 to €39,459
of which Distributable reserves: +€39,334
- Accrued charges and deferred income +€12,976
new in 2022: €12,976
- Tax, wage and social debts +€12,208
new in 2022: €12,208
- Current portion of long-term debt +€12,173
new in 2022: €12,173
- Trade debts +€9,810
up €9,810 (+30.7%), from €32,001 to €41,811
- Gross operating margin +€92,237
up €92,237 (+414%), from €22,277 to €114,515
- Staff costs +€27,744
new in 2022: €27,744
- Other operating charges +€18,250
new in 2022: €18,250
- Depreciation +€8,181
up €8,181 (+343%), from €2,384 to €10,565
- Taxes +€5,522
up €5,522 (+206%), from €2,682 to €8,204
From the 2020 result to the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,768 | €152,380 | +€87,612 | +135% |
| Fixed assets | 21/28 | €8,302 | €37,832 | +€29,531 | +356% |
| Tangible fixed assets | 22/27 | €8,081 | €37,651 | +€29,570 | +366% |
| Land and buildings | 22 | - | €2,424 | +€2,424 | |
| Plant, machinery and equipment | 23 | - | €28,284 | +€28,284 | |
| Furniture and vehicles | 24 | - | €6,942 | +€6,942 | |
| Financial fixed assets | 28 | €221 | €182 | -€39 | -17.7% |
| Current assets | 29/58 | €56,466 | €114,547 | +€58,081 | +103% |
| Stocks and contracts in progress | 3 | €25,494 | €3,000 | -€22,494 | -88.2% |
| Stocks | 30/36 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €13,583 | €47,299 | +€33,716 | +248% |
| Trade receivables | 40 | - | €37,299 | +€37,299 | |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €15,572 | €63,320 | +€47,748 | +307% |
| Deferred charges and accrued income | 490/1 | - | €929 | +€929 | |
| Total equity and liabilities | 10/49 | €64,768 | €152,380 | +€87,612 | +135% |
| Equity | 10/15 | €32,767 | €66,507 | +€33,739 | +103% |
| Contributions | 10/11 | €125 | €125 | = | 0.0% |
| Reserves | 13 | €5,720 | €39,459 | +€33,739 | +590% |
| Non-distributable reserves | 130/1 | - | €125 | +€125 | |
| Reserves not available under the articles | 1311 | - | €125 | +€125 | |
| Distributable reserves | 133 | - | €39,334 | +€39,334 | |
| Profit (loss) carried forward | 14 | €26,922 | €26,922 | = | 0.0% |
| Amounts payable | 17/49 | €32,001 | €85,873 | +€53,872 | +168% |
| Amounts payable after more than one year | 17 | - | €4,909 | +€4,909 | |
| Financial debts | 170/4 | - | €4,909 | +€4,909 | |
| Amounts payable within one year | 42/48 | €32,001 | €67,987 | +€35,987 | +112% |
| Current portion of amounts payable after more than one year | 42 | - | €12,173 | +€12,173 | |
| Trade debts | 44 | €32,001 | €41,811 | +€9,810 | +30.7% |
| Suppliers | 440/4 | - | €41,811 | +€41,811 | |
| Taxes, remuneration and social security | 45 | - | €12,208 | +€12,208 | |
| Taxes | 450/3 | - | €12,208 | +€12,208 | |
| Other amounts payable | 47/48 | - | €1,796 | +€1,796 | |
| Accrued charges and deferred income | 492/3 | - | €12,976 | +€12,976 | |
| Remuneration, social security and pensions | 62 | - | €27,744 | +€27,744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,384 | €10,565 | +€8,181 | +343% |
| Other operating charges | 640/8 | - | €18,250 | +€18,250 | |
| Non-recurring operating charges | 66A | - | €26,667 | +€26,667 | |
| Gross operating margin | 9900 | €22,277 | €114,515 | +€92,237 | +414% |
| Operating profit (loss) | 9901 | €6,554 | €31,288 | +€24,734 | +377% |
| Financial income | 75/76B | - | €117 | +€117 | |
| Recurring financial income | 75 | €399 | €117 | -€282 | -70.8% |
| Financial charges | 65/66B | - | €997 | +€997 | |
| Recurring financial charges | 65 | €190 | €997 | +€808 | +426% |
| Profit (loss) for the period before taxes | 9903 | €6,494 | €30,408 | +€23,914 | +368% |
| Income taxes | 67/77 | €2,682 | €8,204 | +€5,522 | +206% |
| Profit (loss) for the period | 9904 | €3,812 | €22,204 | +€18,392 | +482% |
| Profit (loss) for the period to be appropriated | 9905 | €3,812 | €22,204 | +€18,392 | +482% |
Source: filed annual accounts (NBB), financial years ended 31 March 2020 and 31 March 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.