SEPS SERVICES & CONSULTING: 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 SERVICES & CONSULTING
Largest movements
- Cash -€38,835
down €38,835 (-99.1%), from €39,178 to €343
mainly Receivables within one year (-€28,489) and Debts after one year (-€20,806)
- Receivables within one year +€28,489
up €28,489 (+37.7%), from €75,482 to €103,971
of which Trade receivables: +€28,489
- Tangible fixed assets -€8,728
down €8,728 (-2.3%), from €372,223 to €363,495
of which Land and buildings: -€8,728
- Debts after one year -€20,806
down €20,806 (-6.3%), from €328,105 to €307,298
of which Other amounts payable: -€50,000
- Advances received -€7,765
down €7,765 (-78.8%), from €9,860 to €2,095
- Financial charges +€11,919
up €11,919 (+436%), from €2,731 to €14,650
- Gross operating margin +€7,855
up €7,855 (+30.8%), from €25,513 to €33,369
- Taxes -€1,097
down €1,097 (-31.3%), from €3,507 to €2,410
- Other operating charges +€654
up €654 (+16.5%), from €3,975 to €4,630
- Financial income +€406
up €406 (+15.8%), from €2,569 to €2,975
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 | €629,093 | €612,709 | -€16,384 | -2.6% |
| Fixed assets | 21/28 | €407,037 | €398,310 | -€8,728 | -2.1% |
| Tangible fixed assets | 22/27 | €372,223 | €363,495 | -€8,728 | -2.3% |
| Land and buildings | 22 | €372,223 | €363,495 | -€8,728 | -2.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €34,815 | €34,815 | = | 0.0% |
| Current assets | 29/58 | €222,055 | €214,399 | -€7,657 | -3.4% |
| Amounts receivable after more than one year | 29 | €96,844 | €99,533 | +€2,689 | +2.8% |
| Trade receivables | 290 | €96,844 | €99,533 | +€2,689 | +2.8% |
| Amounts receivable within one year | 40/41 | €75,482 | €103,971 | +€28,489 | +37.7% |
| Trade receivables | 40 | €32,661 | €61,151 | +€28,489 | +87.2% |
| Other amounts receivable | 41 | €42,820 | €42,820 | = | 0.0% |
| Current investments | 50/53 | €10,551 | €10,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,178 | €343 | -€38,835 | -99.1% |
| Total equity and liabilities | 10/49 | €629,093 | €612,709 | -€16,384 | -2.6% |
| Equity | 10/15 | €216,328 | €222,254 | +€5,926 | +2.7% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Revaluation surpluses | 12 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €90,035 | €95,961 | +€5,926 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,937 | €46,937 | = | 0.0% |
| Distributable reserves | 133 | €41,238 | €47,164 | +€5,926 | +14.4% |
| Profit (loss) carried forward | 14 | €83,692 | €83,692 | = | 0.0% |
| Provisions and deferred taxes | 16 | €17,438 | €17,438 | = | 0.0% |
| Deferred taxes | 168 | €17,438 | €17,438 | = | 0.0% |
| Amounts payable | 17/49 | €395,327 | €373,017 | -€22,310 | -5.6% |
| Amounts payable after more than one year | 17 | €328,105 | €307,298 | -€20,806 | -6.3% |
| Financial debts | 170/4 | €211,485 | €240,679 | +€29,194 | +13.8% |
| Other amounts payable | 178/9 | €116,620 | €66,620 | -€50,000 | -42.9% |
| Amounts payable within one year | 42/48 | €62,226 | €56,646 | -€5,580 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €20,104 | €19,424 | -€681 | -3.4% |
| Financial debts | 43 | - | €3,872 | +€3,872 | |
| Credit institutions | 430/8 | - | €3,872 | +€3,872 | |
| Trade debts | 44 | €21,384 | €20,272 | -€1,112 | -5.2% |
| Suppliers | 440/4 | €21,384 | €20,272 | -€1,112 | -5.2% |
| Advances received on contracts in progress | 46 | €9,860 | €2,095 | -€7,765 | -78.8% |
| Taxes, remuneration and social security | 45 | €6,443 | €9,988 | +€3,545 | +55.0% |
| Taxes | 450/3 | €6,443 | €9,988 | +€3,545 | +55.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,435 | €995 | -€3,440 | -77.6% |
| Accrued charges and deferred income | 492/3 | €4,997 | €9,073 | +€4,076 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,808 | €8,728 | -€80 | -0.9% |
| Other operating charges | 640/8 | €3,975 | €4,630 | +€654 | +16.5% |
| Gross operating margin | 9900 | €25,513 | €33,369 | +€7,855 | +30.8% |
| Operating profit (loss) | 9901 | €12,730 | €20,011 | +€7,281 | +57.2% |
| Financial income | 75/76B | €2,569 | €2,975 | +€406 | +15.8% |
| Recurring financial income | 75 | €2,569 | €2,975 | +€406 | +15.8% |
| Financial charges | 65/66B | €2,731 | €14,650 | +€11,919 | +436% |
| Recurring financial charges | 65 | €2,731 | €14,650 | +€11,919 | +436% |
| Profit (loss) for the period before taxes | 9903 | €12,568 | €8,336 | -€4,232 | -33.7% |
| Income taxes | 67/77 | €3,507 | €2,410 | -€1,097 | -31.3% |
| Profit (loss) for the period | 9904 | €9,061 | €5,926 | -€3,135 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,061 | €5,926 | -€3,135 | -34.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.