SEPTEM TRIONES: 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.
What changed
SEPTEM TRIONES
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€101,809
2024 · €31,404+€70,405
Equity
€547,973
2024 · €446,164+€101,809
Cash
€23,386
2024 · €27,493-€4,107
Balance sheet total
€1.3m
2024 · €1.3m-€60,260
Largest movements
Assets
- Tangible fixed assets -€47,716
down €47,716 (-3.9%), from €1.2m to €1.2m
of which Plant, machinery and equipment: -€28,764
Equity and liabilities
- Debts after one year -€125,626
down €125,626 (-20.9%), from €600,056 to €474,430
of which Financial debts: -€115,626
- Reserves +€102,029
up €102,029 (+27.1%), from €375,914 to €477,943
of which Distributable reserves: +€104,000
- Other debts -€40,593
down €40,593 (-36.2%), from €112,225 to €71,632
- Tax, wage and social debts +€16,628
up €16,628 (+48.6%), from €34,217 to €50,846
of which Taxes: +€15,170
Income statement
- Gross operating margin +€73,018
up €73,018 (+30.1%), from €242,410 to €315,427
- Taxes +€18,782
up €18,782 (+90.0%), from €20,874 to €39,657
- Staff costs -€9,084
down €9,084 (-15.9%), from €57,173 to €48,088
- Financial charges -€6,701
down €6,701 (-16.3%), from €41,011 to €34,310
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.
Result 2024
€31,404
Gross operating margin
+€73,018
Staff costs
+€9,084
Depreciation
+€2,857
Other operating charges
-€2,522
Financial income
+€50
Financial charges
+€6,701
Taxes
-€18,782
Result 2025
€101,809
Cash bridge derived
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.
From operations
+€160,622
Investment
-€34,004
Financing
-€130,725
Cash 2024
€27,493
From operations (derived)
+€160,622
Net result for the year
+€101,809
Depreciation
+€81,721
Stocks and contracts
+€737
Receivables within one year
+€5,356
Deferred charges and accrued income
+€2,343
Provisions
-€657
Trade debts
-€6,670
Tax, wage and social debts
+€16,628
Other debts
-€40,593
Accrued charges and deferred income
-€53
Investment (derived)
-€34,004
Investment in fixed assets (net)
-€34,004
Financing
-€130,725
Debts after one year
-€125,626
Current portion of long-term debt
-€5,098
Cash 2025
€23,386
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,329,017 | €1,268,757 | -€60,260 | -4.5% |
| Fixed assets | 21/28 | €1,227,214 | €1,179,497 | -€47,716 | -3.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,227,090 | €1,179,373 | -€47,716 | -3.9% |
| Land and buildings | 22 | €938,113 | €915,142 | -€22,971 | -2.4% |
| Plant, machinery and equipment | 23 | €287,890 | €259,126 | -€28,764 | -10.0% |
| Furniture and vehicles | 24 | €1,087 | €5,106 | +€4,019 | +369.7% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €101,804 | €89,260 | -€12,544 | -12.3% |
| Stocks and contracts in progress | 3 | €44,862 | €44,125 | -€737 | -1.6% |
| Stocks | 30/36 | €44,862 | €44,125 | -€737 | -1.6% |
| Amounts receivable within one year | 40/41 | €25,697 | €20,341 | -€5,356 | -20.8% |
| Trade receivables | 40 | €25,697 | €20,337 | -€5,361 | -20.9% |
| Other amounts receivable | 41 | €0 | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €27,493 | €23,386 | -€4,107 | -14.9% |
| Deferred charges and accrued income | 490/1 | €3,751 | €1,408 | -€2,343 | -62.5% |
| Total equity and liabilities | 10/49 | €1,329,017 | €1,268,757 | -€60,260 | -4.5% |
| Equity | 10/15 | €446,164 | €547,973 | +€101,809 | +22.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €375,914 | €477,943 | +€102,029 | +27.1% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,914 | €3,943 | -€1,971 | -33.3% |
| Distributable reserves | 133 | €363,000 | €467,000 | +€104,000 | +28.7% |
| Profit (loss) carried forward | 14 | €249 | €30 | -€220 | -88.0% |
| Provisions and deferred taxes | 16 | €1,971 | €1,314 | -€657 | -33.3% |
| Deferred taxes | 168 | €1,971 | €1,314 | -€657 | -33.3% |
| Amounts payable | 17/49 | €880,882 | €719,470 | -€161,412 | -18.3% |
| Amounts payable after more than one year | 17 | €600,056 | €474,430 | -€125,626 | -20.9% |
| Financial debts | 170/4 | €323,488 | €207,862 | -€115,626 | -35.7% |
| Other amounts payable | 178/9 | €276,568 | €266,568 | -€10,000 | -3.6% |
| Amounts payable within one year | 42/48 | €280,586 | €244,853 | -€35,733 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €124,140 | €119,042 | -€5,098 | -4.1% |
| Trade debts | 44 | €10,004 | €3,334 | -€6,670 | -66.7% |
| Suppliers | 440/4 | €10,004 | €3,334 | -€6,670 | -66.7% |
| Taxes, remuneration and social security | 45 | €34,217 | €50,846 | +€16,628 | +48.6% |
| Taxes | 450/3 | €24,800 | €39,970 | +€15,170 | +61.2% |
| Remuneration and social security | 454/9 | €9,418 | €10,876 | +€1,458 | +15.5% |
| Other amounts payable | 47/48 | €112,225 | €71,632 | -€40,593 | -36.2% |
| Accrued charges and deferred income | 492/3 | €240 | €187 | -€53 | -22.0% |
| Remuneration, social security and pensions | 62 | €57,173 | €48,088 | -€9,084 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,578 | €81,721 | -€2,857 | -3.4% |
| Other operating charges | 640/8 | €8,084 | €10,606 | +€2,522 | +31.2% |
| Gross operating margin | 9900 | €242,410 | €315,427 | +€73,018 | +30.1% |
| Operating profit (loss) | 9901 | €92,575 | €175,012 | +€82,437 | +89.0% |
| Financial income | 75/76B | €57 | €107 | +€50 | +87.0% |
| Recurring financial income | 75 | €57 | €107 | +€50 | +87.0% |
| Financial charges | 65/66B | €41,011 | €34,310 | -€6,701 | -16.3% |
| Recurring financial charges | 65 | €41,011 | €34,310 | -€6,701 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €51,621 | €140,809 | +€89,188 | +172.8% |
| Transfer from deferred taxes | 780 | €657 | €657 | = | 0.0% |
| Income taxes | 67/77 | €20,874 | €39,657 | +€18,782 | +90.0% |
| Profit (loss) for the period | 9904 | €31,404 | €101,809 | +€70,405 | +224.2% |
| Transfer from tax-exempt reserves | 789 | €1,971 | €1,971 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,375 | €103,780 | +€70,405 | +211.0% |
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 12 October 2026 via checked.be.