SEPT SERVICE: 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 SERVICE
Largest movements
- Receivables within one year +€83,745
up €83,745 (+50.9%), from €164,392 to €248,136
of which Trade receivables: +€58,758
- Cash -€49,746
down €49,746 (-81.5%), from €61,054 to €11,308
mainly Receivables within one year (-€83,745) and Trade debts (-€83,142)
- Profit (loss) carried forward +€92,806
up €92,806 (+195%), from €47,525 to €140,331
- Trade debts -€83,142
down €83,142 (-53.0%), from €156,842 to €73,700
- Tax, wage and social debts +€23,128
up €23,128 (+99.1%), from €23,335 to €46,462
of which Taxes: +€21,261
- Gross operating margin +€72,298
up €72,298 (+147%), from €49,040 to €121,338
- Taxes +€16,767
up €16,767 (+162%), from €10,349 to €27,116
From the 2021 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
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,702 | €260,494 | +€32,792 | +14.4% |
| Fixed assets | 21/28 | €2,256 | €1,049 | -€1,207 | -53.5% |
| Tangible fixed assets | 22/27 | €2,256 | €1,049 | -€1,207 | -53.5% |
| Plant, machinery and equipment | 23 | €694 | €991 | +€297 | +42.8% |
| Furniture and vehicles | 24 | €1,562 | €58 | -€1,504 | -96.3% |
| Current assets | 29/58 | €225,446 | €259,445 | +€33,999 | +15.1% |
| Amounts receivable within one year | 40/41 | €164,392 | €248,136 | +€83,745 | +50.9% |
| Trade receivables | 40 | €153,522 | €212,280 | +€58,758 | +38.3% |
| Other amounts receivable | 41 | €10,869 | €35,856 | +€24,987 | +230% |
| Cash at bank and in hand | 54/58 | €61,054 | €11,308 | -€49,746 | -81.5% |
| Total equity and liabilities | 10/49 | €227,702 | €260,494 | +€32,792 | +14.4% |
| Equity | 10/15 | €47,525 | €140,331 | +€92,806 | +195% |
| Profit (loss) carried forward | 14 | €47,525 | €140,331 | +€92,806 | +195% |
| Amounts payable | 17/49 | €180,177 | €120,163 | -€60,014 | -33.3% |
| Amounts payable within one year | 42/48 | €180,177 | €120,163 | -€60,014 | -33.3% |
| Trade debts | 44 | €156,842 | €73,700 | -€83,142 | -53.0% |
| Suppliers | 440/4 | €156,842 | €73,700 | -€83,142 | -53.0% |
| Taxes, remuneration and social security | 45 | €23,335 | €46,462 | +€23,128 | +99.1% |
| Taxes | 450/3 | €16,204 | €37,465 | +€21,261 | +131% |
| Remuneration and social security | 454/9 | €7,131 | €8,998 | +€1,867 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,193 | €2,031 | -€162 | -7.4% |
| Other operating charges | 640/8 | €435 | €226 | -€209 | -48.1% |
| Gross operating margin | 9900 | €49,040 | €121,338 | +€72,298 | +147% |
| Operating profit (loss) | 9901 | €46,412 | €119,082 | +€72,670 | +157% |
| Financial income | 75/76B | €351 | €1,363 | +€1,012 | +289% |
| Recurring financial income | 75 | €351 | €1,363 | +€1,012 | +289% |
| Financial charges | 65/66B | €436 | €522 | +€87 | +19.9% |
| Recurring financial charges | 65 | €436 | €522 | +€87 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €46,327 | €119,922 | +€73,595 | +159% |
| Income taxes | 67/77 | €10,349 | €27,116 | +€16,767 | +162% |
| Profit (loss) for the period | 9904 | €35,978 | €92,806 | +€56,828 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €35,978 | €92,806 | +€56,828 | +158% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.