SEPTIMUS: 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.
SEPTIMUS
Largest movements
- Receivables within one year -€2,388
down €2,388 (-34.1%), from €6,993 to €4,605
- Cash -€228
down €228 (-9.7%), from €2,358 to €2,130
mainly Debts after one year (-€20,000) and Trade debts (-€1,080)
- Deferred charges and accrued income -€180
down €180 (-40.9%), from €439 to €259
- Debts after one year -€20,000
down €20,000 (-10.0%), from €200,000 to €180,000
- Profit (loss) carried forward +€16,938
up €16,938 (+6.9%), from -€245,130 to -€228,192
- Trade debts -€1,080
down €1,080 (-38.9%), from €2,775 to €1,695
- Tax, wage and social debts +€895
up €895 (+52.0%), from €1,722 to €2,617
- Other debts +€379
up €379 (+5.7%), from €6,646 to €7,025
- Gross operating margin +€8,963
up €8,963 (+94.9%), from €9,450 to €18,413
- Provisions +€7,500
no longer reported in 2025 (was -€7,500)
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 | €9,910 | €7,054 | -€2,856 | -28.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €120 | €60 | -€60 | -50.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €120 | €60 | -€60 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €120 | €60 | -€60 | -50.0% |
| Current assets | 29/58 | €9,790 | €6,994 | -€2,795 | -28.6% |
| Amounts receivable within one year | 40/41 | €6,993 | €4,605 | -€2,388 | -34.1% |
| Trade receivables | 40 | €6,993 | €4,605 | -€2,388 | -34.1% |
| Cash at bank and in hand | 54/58 | €2,358 | €2,130 | -€228 | -9.7% |
| Deferred charges and accrued income | 490/1 | €439 | €259 | -€180 | -40.9% |
| Total equity and liabilities | 10/49 | €9,910 | €7,054 | -€2,856 | -28.8% |
| Equity | 10/15 | -€201,621 | -€184,683 | +€16,938 | +8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,109 | €31,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,250 | €29,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,130 | -€228,192 | +€16,938 | +6.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €211,531 | €191,737 | -€19,794 | -9.4% |
| Amounts payable after more than one year | 17 | €200,000 | €180,000 | -€20,000 | -10.0% |
| Other amounts payable | 178/9 | €200,000 | €180,000 | -€20,000 | -10.0% |
| Amounts payable within one year | 42/48 | €11,143 | €11,337 | +€194 | +1.7% |
| Trade debts | 44 | €2,775 | €1,695 | -€1,080 | -38.9% |
| Suppliers | 440/4 | €2,775 | €1,695 | -€1,080 | -38.9% |
| Taxes, remuneration and social security | 45 | €1,722 | €2,617 | +€895 | +52.0% |
| Taxes | 450/3 | €1,722 | €2,617 | +€895 | +52.0% |
| Other amounts payable | 47/48 | €6,646 | €7,025 | +€379 | +5.7% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €1,672 | - | -€1,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €60 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,500 | - | +€7,500 | |
| Other operating charges | 640/8 | €775 | €924 | +€149 | +19.2% |
| Gross operating margin | 9900 | €9,450 | €18,413 | +€8,963 | +94.9% |
| Operating profit (loss) | 9901 | €16,115 | €17,429 | +€1,315 | +8.2% |
| Financial charges | 65/66B | €402 | €374 | -€27 | -6.8% |
| Recurring financial charges | 65 | €402 | €374 | -€27 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €15,713 | €17,055 | +€1,342 | +8.5% |
| Income taxes | 67/77 | €111 | €117 | +€6 | +5.7% |
| Profit (loss) for the period | 9904 | €15,602 | €16,938 | +€1,336 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,602 | €16,938 | +€1,336 | +8.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.