SEPTENTRION: 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.
SEPTENTRION
Largest movements
- Cash +€63,662
up €63,662 (+72.9%), from €87,363 to €151,025
mainly Net result for the year (+€53,629) and Deferred charges and accrued income (+€9,360)
- Deferred charges and accrued income -€9,360
no longer reported in 2025 (was €9,360)
- Receivables within one year +€7,145
up €7,145 (+92.4%), from €7,730 to €14,874
of which Trade receivables: +€9,078
- Profit (loss) carried forward +€52,796
up €52,796 (+60.2%), from €87,709 to €140,505
- Tax, wage and social debts +€7,087
up €7,087 (+97.1%), from €7,301 to €14,388
of which Taxes: +€3,907
- Gross operating margin -€20,117
down €20,117 (-22.8%), from €88,246 to €68,128
- Taxes -€3,628
down €3,628 (-20.4%), from €17,817 to €14,189
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 | €104,453 | €165,899 | +€61,446 | +58.8% |
| Current assets | 29/58 | €104,453 | €165,899 | +€61,446 | +58.8% |
| Amounts receivable within one year | 40/41 | €7,730 | €14,874 | +€7,145 | +92.4% |
| Trade receivables | 40 | €2,314 | €11,392 | +€9,078 | +392% |
| Other amounts receivable | 41 | €5,415 | €3,482 | -€1,934 | -35.7% |
| Cash at bank and in hand | 54/58 | €87,363 | €151,025 | +€63,662 | +72.9% |
| Deferred charges and accrued income | 490/1 | €9,360 | - | -€9,360 | |
| Total equity and liabilities | 10/49 | €104,453 | €165,899 | +€61,446 | +58.8% |
| Equity | 10/15 | €89,209 | €142,005 | +€52,796 | +59.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,709 | €140,505 | +€52,796 | +60.2% |
| Amounts payable | 17/49 | €15,244 | €23,894 | +€8,650 | +56.7% |
| Amounts payable within one year | 42/48 | €15,244 | €23,894 | +€8,650 | +56.7% |
| Trade debts | 44 | €1,730 | €1,787 | +€56 | +3.2% |
| Suppliers | 440/4 | €1,730 | €1,787 | +€56 | +3.2% |
| Taxes, remuneration and social security | 45 | €7,301 | €14,388 | +€7,087 | +97.1% |
| Taxes | 450/3 | €7,301 | €11,208 | +€3,907 | +53.5% |
| Remuneration and social security | 454/9 | - | €3,180 | +€3,180 | |
| Other amounts payable | 47/48 | €6,213 | €7,720 | +€1,507 | +24.2% |
| Other operating charges | 640/8 | €153 | €264 | +€111 | +73.0% |
| Gross operating margin | 9900 | €88,246 | €68,128 | -€20,117 | -22.8% |
| Operating profit (loss) | 9901 | €88,093 | €67,864 | -€20,229 | -23.0% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €47 | €50 | +€4 | +8.3% |
| Recurring financial charges | 65 | €47 | €50 | +€4 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €88,047 | €67,819 | -€20,228 | -23.0% |
| Income taxes | 67/77 | €17,817 | €14,189 | -€3,628 | -20.4% |
| Profit (loss) for the period | 9904 | €70,229 | €53,629 | -€16,600 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,229 | €53,629 | -€16,600 | -23.6% |
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 27 October 2026 via checked.be.