SEPTENTRIONUM: what changed
What changed
SEPTENTRIONUM
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€20,124
2024 · -€17,065+€37,188
Equity
€13,059
2024 · -€7,065+€20,124
Cash
€54,771
2024 · €48,110+€6,661
Balance sheet total
€602,027
2024 · €606,619-€4,592
Largest movements
Assets
- Tangible fixed assets -€15,536
down €15,536 (-2.9%), from €543,854 to €528,318
- Cash +€6,661
up €6,661 (+13.8%), from €48,110 to €54,771
mainly Net result for the year (+€20,124) and Depreciation (+€15,536)
Equity and liabilities
- Debts after one year -€26,940
down €26,940 (-5.1%), from €533,042 to €506,102
- Profit (loss) carried forward +€17,065
up €17,065, from -€17,065 to €0
Income statement
- Gross operating margin +€47,273
up €47,273 (+1,082%), from €4,370 to €51,644
- Depreciation +€6,001
up €6,001 (+62.9%), from €9,534 to €15,536
- Financial charges +€3,673
up €3,673 (+31.9%), from €11,498 to €15,171
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€17,065
Gross operating margin
+€47,273
Depreciation
-€6,001
Other operating charges
-€104
Financial charges
-€3,673
Taxes
-€306
Result 2025
€20,124
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€33,090
Investment
€0
Financing
-€26,428
Cash 2024
€48,110
From operations (derived)
+€33,090
Net result for the year
+€20,124
Depreciation
+€15,536
Receivables within one year
-€4,282
Trade debts
-€298
Tax, wage and social debts
+€2,975
Other debts
-€964
Financing
-€26,428
Debts after one year
-€26,940
Short-term financial debts
+€512
Cash 2025
€54,771
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €606,619 | €602,027 | -€4,592 | -0.8% |
| Fixed assets | 21/28 | €553,854 | €538,318 | -€15,536 | -2.8% |
| Tangible fixed assets | 22/27 | €543,854 | €528,318 | -€15,536 | -2.9% |
| Land and buildings | 22 | €543,854 | €528,318 | -€15,536 | -2.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €52,765 | €63,709 | +€10,944 | +20.7% |
| Amounts receivable within one year | 40/41 | €4,656 | €8,938 | +€4,282 | +92.0% |
| Trade receivables | 40 | €4,625 | €8,938 | +€4,314 | +93.3% |
| Other amounts receivable | 41 | €31 | €0 | -€31 | -100% |
| Cash at bank and in hand | 54/58 | €48,110 | €54,771 | +€6,661 | +13.8% |
| Total equity and liabilities | 10/49 | €606,619 | €602,027 | -€4,592 | -0.8% |
| Equity | 10/15 | -€7,065 | €13,059 | +€20,124 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €3,059 | +€3,059 | |
| Distributable reserves | 133 | - | €3,059 | +€3,059 | |
| Profit (loss) carried forward | 14 | -€17,065 | €0 | +€17,065 | |
| Amounts payable | 17/49 | €613,684 | €588,968 | -€24,716 | -4.0% |
| Amounts payable after more than one year | 17 | €533,042 | €506,102 | -€26,940 | -5.1% |
| Financial debts | 170/4 | €533,042 | €506,102 | -€26,940 | -5.1% |
| Amounts payable within one year | 42/48 | €80,642 | €82,866 | +€2,225 | +2.8% |
| Financial debts | 43 | €21,428 | €21,940 | +€512 | +2.4% |
| Credit institutions | 430/8 | €11,428 | €11,940 | +€512 | +4.5% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €1,059 | €761 | -€298 | -28.1% |
| Suppliers | 440/4 | €1,059 | €761 | -€298 | -28.1% |
| Taxes, remuneration and social security | 45 | €2,654 | €5,629 | +€2,975 | +112% |
| Taxes | 450/3 | €2,654 | €5,629 | +€2,975 | +112% |
| Other amounts payable | 47/48 | €55,500 | €54,536 | -€964 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,534 | €15,536 | +€6,001 | +62.9% |
| Other operating charges | 640/8 | €403 | €507 | +€104 | +25.9% |
| Gross operating margin | 9900 | €4,370 | €51,644 | +€47,273 | +1,082% |
| Operating profit (loss) | 9901 | -€5,567 | €35,601 | +€41,167 | |
| Financial charges | 65/66B | €11,498 | €15,171 | +€3,673 | +31.9% |
| Recurring financial charges | 65 | €11,498 | €15,171 | +€3,673 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,065 | €20,430 | +€37,494 | |
| Income taxes | 67/77 | - | €306 | +€306 | |
| Profit (loss) for the period | 9904 | -€17,065 | €20,124 | +€37,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,065 | €20,124 | +€37,188 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.