SEPTANDSET: 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.
SEPTANDSET
Largest movements
- Receivables within one year -€1,414
down €1,414 (-22.1%), from €6,397 to €4,983
of which Trade receivables: -€2,032
- Intangible fixed assets -€1,365
no longer reported in 2024 (was €1,365)
- Tangible fixed assets -€296
no longer reported in 2024 (was €296)
- Cash -€169
down €169 (-13.9%), from €1,216 to €1,048
mainly Net result for the year (-€2,270) and Trade debts (-€1,184)
- Profit (loss) carried forward -€2,270
down €2,270 (-1.8%), from -€123,149 to -€125,419
- Trade debts -€1,184
down €1,184 (-9.0%), from €13,202 to €12,018
- Accrued charges and deferred income +€387
new in 2024: €387
- Other debts -€124
down €124 (-0.1%), from €102,147 to €102,022
- Gross operating margin -€8,823
down €8,823 (-96.0%), from €9,194 to €371
- Depreciation -€1,091
down €1,091 (-39.6%), from €2,752 to €1,661
- Other operating charges -€931
down €931 (-59.9%), from €1,555 to €624
- Financial charges -€144
down €144 (-54.6%), from €265 to €120
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,274 | €6,030 | -€3,243 | -35.0% |
| Fixed assets | 21/28 | €1,661 | - | -€1,661 | |
| Intangible fixed assets | 21 | €1,365 | - | -€1,365 | |
| Tangible fixed assets | 22/27 | €296 | - | -€296 | |
| Furniture and vehicles | 24 | €296 | - | -€296 | |
| Current assets | 29/58 | €7,613 | €6,030 | -€1,583 | -20.8% |
| Amounts receivable within one year | 40/41 | €6,397 | €4,983 | -€1,414 | -22.1% |
| Trade receivables | 40 | €6,390 | €4,358 | -€2,032 | -31.8% |
| Other amounts receivable | 41 | €7 | €625 | +€618 | +9,085% |
| Cash at bank and in hand | 54/58 | €1,216 | €1,048 | -€169 | -13.9% |
| Total equity and liabilities | 10/49 | €9,274 | €6,030 | -€3,243 | -35.0% |
| Equity | 10/15 | -€106,364 | -€108,634 | -€2,270 | -2.1% |
| Contributions | 10/11 | €16,785 | €16,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,149 | -€125,419 | -€2,270 | -1.8% |
| Amounts payable | 17/49 | €115,637 | €114,664 | -€974 | -0.8% |
| Amounts payable within one year | 42/48 | €115,637 | €114,277 | -€1,361 | -1.2% |
| Trade debts | 44 | €13,202 | €12,018 | -€1,184 | -9.0% |
| Suppliers | 440/4 | €13,202 | €12,018 | -€1,184 | -9.0% |
| Taxes, remuneration and social security | 45 | €288 | €236 | -€52 | -18.2% |
| Taxes | 450/3 | €288 | €236 | -€52 | -18.2% |
| Other amounts payable | 47/48 | €102,147 | €102,022 | -€124 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,752 | €1,661 | -€1,091 | -39.6% |
| Other operating charges | 640/8 | €1,555 | €624 | -€931 | -59.9% |
| Gross operating margin | 9900 | €9,194 | €371 | -€8,823 | -96.0% |
| Operating profit (loss) | 9901 | €4,887 | -€1,914 | -€6,801 | |
| Financial charges | 65/66B | €265 | €120 | -€144 | -54.6% |
| Recurring financial charges | 65 | €265 | €120 | -€144 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €4,623 | -€2,034 | -€6,657 | |
| Income taxes | 67/77 | €231 | €236 | +€5 | +2.1% |
| Profit (loss) for the period | 9904 | €4,391 | -€2,270 | -€6,661 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,391 | -€2,270 | -€6,661 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.