SEPT GRAPHIC DESIGN: 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.
SEPT GRAPHIC DESIGN
Largest movements
- Receivables within one year +€2,275
up €2,275 (+18.1%), from €12,541 to €14,816
of which Trade receivables: +€2,176
- Cash +€310
up €310, from €0 to €310
mainly Other debts (+€36,047) and Investment in fixed assets (net) (+€62)
- Other debts +€36,047
up €36,047 (+50.2%), from €71,839 to €107,885
- Trade debts -€19,288
down €19,288 (-96.6%), from €19,961 to €674
- Profit (loss) carried forward -€12,300
down €12,300 (-11.8%), from -€103,960 to -€116,259
- Tax, wage and social debts -€1,912
no longer reported in 2025 (was €1,912)
- Gross operating margin -€9,753
down €9,753 (-3,985%), from -€245 to -€9,998
- Taxes +€2,384
up €2,384, from -€338 to €2,046
- Other operating charges +€128
new in 2025: €128
- Financial charges -€100
down €100 (-60.4%), from €166 to €66
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 | €25,700 | €28,223 | +€2,523 | +9.8% |
| Fixed assets | 21/28 | €62 | - | -€62 | |
| Financial fixed assets | 28 | €62 | - | -€62 | |
| Current assets | 29/58 | €25,638 | €28,223 | +€2,585 | +10.1% |
| Stocks and contracts in progress | 3 | €13,097 | €13,097 | = | 0.0% |
| Stocks | 30/36 | €13,097 | €13,097 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,541 | €14,816 | +€2,275 | +18.1% |
| Trade receivables | 40 | €11,255 | €13,431 | +€2,176 | +19.3% |
| Other amounts receivable | 41 | €1,286 | €1,386 | +€99 | +7.7% |
| Cash at bank and in hand | 54/58 | €0 | €310 | +€310 | |
| Total equity and liabilities | 10/49 | €25,700 | €28,223 | +€2,523 | +9.8% |
| Equity | 10/15 | -€83,508 | -€95,808 | -€12,300 | -14.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,960 | -€116,259 | -€12,300 | -11.8% |
| Provisions and deferred taxes | 16 | €15,472 | €15,472 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,472 | €15,472 | = | 0.0% |
| Other liabilities and charges | 164/5 | €15,472 | €15,472 | = | 0.0% |
| Amounts payable | 17/49 | €93,737 | €108,559 | +€14,822 | +15.8% |
| Amounts payable within one year | 42/48 | €93,737 | €108,559 | +€14,822 | +15.8% |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | €19,961 | €674 | -€19,288 | -96.6% |
| Suppliers | 440/4 | €19,961 | €674 | -€19,288 | -96.6% |
| Taxes, remuneration and social security | 45 | €1,912 | - | -€1,912 | |
| Taxes | 450/3 | €1,912 | - | -€1,912 | |
| Other amounts payable | 47/48 | €71,839 | €107,885 | +€36,047 | +50.2% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Non-recurring operating charges | 66A | - | €62 | +€62 | |
| Gross operating margin | 9900 | -€245 | -€9,998 | -€9,753 | -3,985% |
| Operating profit (loss) | 9901 | -€245 | -€10,188 | -€9,943 | -4,062% |
| Financial charges | 65/66B | €166 | €66 | -€100 | -60.4% |
| Recurring financial charges | 65 | €166 | €66 | -€100 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | -€411 | -€10,254 | -€9,843 | -2,395% |
| Income taxes | 67/77 | -€338 | €2,046 | +€2,384 | |
| Profit (loss) for the period | 9904 | -€73 | -€12,300 | -€12,227 | -16,705% |
| Profit (loss) for the period to be appropriated | 9905 | -€73 | -€12,300 | -€12,227 | -16,705% |
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 21 October 2026 via checked.be.