Septem: 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.
Septem
Largest movements
- Receivables within one year -€196,526
down €196,526 (-79.5%), from €247,310 to €50,784
of which Other amounts receivable: -€201,517
- Cash -€62,188
down €62,188 (-83.7%), from €74,277 to €12,089
mainly Net result for the year (-€417,125) and Investment in fixed assets (net) (-€105,397)
- Tangible fixed assets +€50,164
up €50,164 (+27.5%), from €182,546 to €232,710
of which Furniture and vehicles: +€38,106
- Deferred charges and accrued income -€35,168
down €35,168 (-58.3%), from €60,343 to €25,175
- Profit (loss) carried forward -€482,385
down €482,385, from €198,847 to -€283,538
- Debts within one year +€198,348
up €198,348 (+86.5%), from €229,300 to €427,648
of which Tax, wage and social debts: +€142,804
- Investment grants +€38,970
up €38,970 (+29.2%), from €133,498 to €172,469
- Staff costs +€180,979
up €180,979 (+33.4%), from €542,355 to €723,334
- Turnover +€158,561
up €158,561 (+118%), from €134,519 to €293,080
- Gross operating margin -€123,333
down €123,333 (-25.1%), from €491,015 to €367,682
- Purchases and services +€122,316
up €122,316 (+22.2%), from €551,220 to €673,535
- Depreciation +€15,275
up €15,275 (+37.8%), from €40,381 to €55,657
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 | €567,245 | €323,103 | -€244,141 | -43.0% |
| Fixed assets | 21/28 | €184,156 | €233,897 | +€49,740 | +27.0% |
| Intangible fixed assets | 21 | €1,610 | €1,187 | -€424 | -26.3% |
| Tangible fixed assets | 22/27 | €182,546 | €232,710 | +€50,164 | +27.5% |
| Furniture and vehicles | 24 | €159,193 | €197,299 | +€38,106 | +23.9% |
| Other tangible fixed assets | 26 | €23,353 | €35,411 | +€12,058 | +51.6% |
| Current assets | 29/58 | €383,088 | €89,207 | -€293,881 | -76.7% |
| Stocks and contracts in progress | 3 | €1,159 | €1,159 | = | 0.0% |
| Stocks | 30/36 | €1,159 | €1,159 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €247,310 | €50,784 | -€196,526 | -79.5% |
| Trade receivables | 40 | €25,020 | €30,010 | +€4,990 | +19.9% |
| Other amounts receivable | 41 | €222,290 | €20,773 | -€201,517 | -90.7% |
| Cash at bank and in hand | 54/58 | €74,277 | €12,089 | -€62,188 | -83.7% |
| Deferred charges and accrued income | 490/1 | €60,343 | €25,175 | -€35,168 | -58.3% |
| Total equity and liabilities | 10/49 | €567,245 | €323,103 | -€244,141 | -43.0% |
| Equity | 10/15 | €337,923 | -€105,492 | -€443,415 | |
| Contributions | 10/11 | €5,578 | €5,578 | = | 0.0% |
| Capital | 10 | €5,578 | €5,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,847 | -€283,538 | -€482,385 | |
| Investment grants | 15 | €133,498 | €172,469 | +€38,970 | +29.2% |
| Amounts payable | 17/49 | €229,321 | €428,595 | +€199,274 | +86.9% |
| Amounts payable within one year | 42/48 | €229,300 | €427,648 | +€198,348 | +86.5% |
| Trade debts | 44 | €133,329 | €158,404 | +€25,075 | +18.8% |
| Suppliers | 440/4 | €133,329 | €158,404 | +€25,075 | +18.8% |
| Taxes, remuneration and social security | 45 | €95,470 | €238,274 | +€142,804 | +150% |
| Taxes | 450/3 | - | €24,661 | +€24,661 | |
| Remuneration and social security | 454/9 | €95,470 | €213,613 | +€118,142 | +124% |
| Accrued charges and deferred income | 492/3 | €22 | €947 | +€926 | +4,280% |
| Turnover | 70 | €134,519 | €293,080 | +€158,561 | +118% |
| Membership fees, donations, legacies and grants | 73 | €875,057 | €740,968 | -€134,089 | -15.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €551,220 | €673,535 | +€122,316 | +22.2% |
| Remuneration, social security and pensions | 62 | €542,355 | €723,334 | +€180,979 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,381 | €55,657 | +€15,275 | +37.8% |
| Non-recurring operating charges | 66A | €6,755 | €1,251 | -€5,505 | -81.5% |
| Gross operating margin | 9900 | €491,015 | €367,682 | -€123,333 | -25.1% |
| Operating profit (loss) | 9901 | -€98,477 | -€412,559 | -€314,082 | -319% |
| Financial income | 75/76B | €732 | €765 | +€33 | +4.6% |
| Recurring financial income | 75 | €732 | €765 | +€33 | +4.6% |
| Financial charges | 65/66B | €3,166 | €5,106 | +€1,939 | +61.2% |
| Recurring financial charges | 65 | €3,166 | €5,106 | +€1,939 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | -€100,911 | -€416,900 | -€315,988 | -313% |
| Income taxes | 67/77 | €219 | €226 | +€6 | +2.8% |
| Profit (loss) for the period | 9904 | -€101,131 | -€417,125 | -€315,995 | -312% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,131 | -€417,125 | -€315,995 | -312% |
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 16 October 2026 via checked.be.