Septivo: 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.
Septivo
Largest movements
- Cash +€21,876
up €21,876 (+134%), from €16,383 to €38,260
mainly Net result for the year (+€23,038) and Depreciation (+€973)
- Receivables within one year +€3,366
up €3,366 (+15.9%), from €21,236 to €24,602
of which Other amounts receivable: +€3,729
- Tangible fixed assets -€973
down €973 (-46.3%), from €2,103 to €1,130
- Profit (loss) carried forward +€23,038
up €23,038 (+103%), from €22,371 to €45,409
- Trade debts +€931
up €931 (+30.0%), from €3,101 to €4,033
- Gross operating margin +€1,939
up €1,939 (+6.5%), from €29,940 to €31,879
- Taxes +€740
up €740 (+11.0%), from €6,726 to €7,465
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 | €39,722 | €63,992 | +€24,270 | +61.1% |
| Fixed assets | 21/28 | €2,103 | €1,130 | -€973 | -46.3% |
| Tangible fixed assets | 22/27 | €2,103 | €1,130 | -€973 | -46.3% |
| Plant, machinery and equipment | 23 | €2,103 | €1,130 | -€973 | -46.3% |
| Current assets | 29/58 | €37,619 | €62,862 | +€25,243 | +67.1% |
| Amounts receivable within one year | 40/41 | €21,236 | €24,602 | +€3,366 | +15.9% |
| Trade receivables | 40 | €21,236 | €20,873 | -€363 | -1.7% |
| Other amounts receivable | 41 | - | €3,729 | +€3,729 | |
| Cash at bank and in hand | 54/58 | €16,383 | €38,260 | +€21,876 | +134% |
| Total equity and liabilities | 10/49 | €39,722 | €63,992 | +€24,270 | +61.1% |
| Equity | 10/15 | €24,371 | €47,409 | +€23,038 | +94.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,371 | €45,409 | +€23,038 | +103% |
| Amounts payable | 17/49 | €15,351 | €16,582 | +€1,231 | +8.0% |
| Amounts payable within one year | 42/48 | €15,351 | €16,582 | +€1,231 | +8.0% |
| Financial debts | 43 | €326 | €205 | -€121 | -37.2% |
| Credit institutions | 430/8 | €326 | €205 | -€121 | -37.2% |
| Trade debts | 44 | €3,101 | €4,033 | +€931 | +30.0% |
| Suppliers | 440/4 | €3,101 | €4,033 | +€931 | +30.0% |
| Taxes, remuneration and social security | 45 | €11,861 | €12,345 | +€484 | +4.1% |
| Taxes | 450/3 | €11,861 | €12,345 | +€484 | +4.1% |
| Other amounts payable | 47/48 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €973 | +€157 | +19.3% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €29,940 | €31,879 | +€1,939 | +6.5% |
| Operating profit (loss) | 9901 | €29,124 | €30,786 | +€1,662 | +5.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €27 | €287 | +€260 | +955% |
| Recurring financial charges | 65 | €27 | €287 | +€260 | +955% |
| Profit (loss) for the period before taxes | 9903 | €29,097 | €30,504 | +€1,407 | +4.8% |
| Income taxes | 67/77 | €6,726 | €7,465 | +€740 | +11.0% |
| Profit (loss) for the period | 9904 | €22,371 | €23,038 | +€667 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,371 | €23,038 | +€667 | +3.0% |
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 18 October 2026 via checked.be.