SEPTOR BVBA: 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.
SEPTOR BVBA
Largest movements
- Receivables within one year +€11,602
up €11,602 (+61.0%), from €19,005 to €30,608
of which Trade receivables: +€8,840
- Cash +€10,726
up €10,726 (+25.8%), from €41,526 to €52,252
mainly Net result for the year (+€24,042) and Depreciation (+€10,257)
- Tangible fixed assets -€7,312
down €7,312 (-2.7%), from €271,039 to €263,727
of which Plant, machinery and equipment: -€7,527
- Reserves +€24,042
up €24,042 (+9.3%), from €258,166 to €282,208
- Debts after one year -€22,556
down €22,556 (-54.3%), from €41,556 to €19,000
- Trade debts +€6,937
up €6,937 (+84.4%), from €8,218 to €15,155
- Other debts +€4,855
up €4,855 (+7,578%), from €64 to €4,919
- Tax, wage and social debts +€3,899
up €3,899 (+38.6%), from €10,091 to €13,990
- Gross operating margin -€33,264
down €33,264 (-40.3%), from €82,608 to €49,344
- Taxes -€8,273
down €8,273 (-41.0%), from €20,185 to €11,912
- Financial charges -€2,509
down €2,509 (-56.9%), from €4,408 to €1,899
- Financial income -€1,387
no longer reported in 2025 (was €1,387)
- Depreciation +€844
up €844 (+9.0%), from €9,413 to €10,257
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 | €331,849 | €347,094 | +€15,245 | +4.6% |
| Fixed assets | 21/28 | €271,039 | €263,727 | -€7,312 | -2.7% |
| Tangible fixed assets | 22/27 | €271,039 | €263,727 | -€7,312 | -2.7% |
| Land and buildings | 22 | €234,597 | €233,128 | -€1,469 | -0.6% |
| Plant, machinery and equipment | 23 | €34,021 | €26,495 | -€7,527 | -22.1% |
| Furniture and vehicles | 24 | €2,420 | €4,104 | +€1,684 | +69.6% |
| Current assets | 29/58 | €60,811 | €83,368 | +€22,557 | +37.1% |
| Amounts receivable within one year | 40/41 | €19,005 | €30,608 | +€11,602 | +61.0% |
| Trade receivables | 40 | €16,276 | €25,116 | +€8,840 | +54.3% |
| Other amounts receivable | 41 | €2,730 | €5,492 | +€2,762 | +101% |
| Cash at bank and in hand | 54/58 | €41,526 | €52,252 | +€10,726 | +25.8% |
| Deferred charges and accrued income | 490/1 | €279 | €508 | +€229 | +82.0% |
| Total equity and liabilities | 10/49 | €331,849 | €347,094 | +€15,245 | +4.6% |
| Equity | 10/15 | €264,366 | €288,408 | +€24,042 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,166 | €282,208 | +€24,042 | +9.3% |
| Distributable reserves | 133 | €258,166 | €282,208 | +€24,042 | +9.3% |
| Amounts payable | 17/49 | €67,484 | €58,687 | -€8,797 | -13.0% |
| Amounts payable after more than one year | 17 | €41,556 | €19,000 | -€22,556 | -54.3% |
| Financial debts | 170/4 | €41,556 | €19,000 | -€22,556 | -54.3% |
| Amounts payable within one year | 42/48 | €25,928 | €38,287 | +€12,358 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €7,556 | €4,222 | -€3,333 | -44.1% |
| Trade debts | 44 | €8,218 | €15,155 | +€6,937 | +84.4% |
| Suppliers | 440/4 | €8,218 | €15,155 | +€6,937 | +84.4% |
| Taxes, remuneration and social security | 45 | €10,091 | €13,990 | +€3,899 | +38.6% |
| Taxes | 450/3 | €10,091 | €13,990 | +€3,899 | +38.6% |
| Other amounts payable | 47/48 | €64 | €4,919 | +€4,855 | +7,578% |
| Accrued charges and deferred income | 492/3 | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,413 | €10,257 | +€844 | +9.0% |
| Other operating charges | 640/8 | €1,345 | €1,233 | -€112 | -8.3% |
| Gross operating margin | 9900 | €82,608 | €49,344 | -€33,264 | -40.3% |
| Operating profit (loss) | 9901 | €71,849 | €37,853 | -€33,996 | -47.3% |
| Financial income | 75/76B | €1,387 | - | -€1,387 | |
| Recurring financial income | 75 | €1,387 | - | -€1,387 | |
| Financial charges | 65/66B | €4,408 | €1,899 | -€2,509 | -56.9% |
| Recurring financial charges | 65 | €4,408 | €1,899 | -€2,509 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €68,829 | €35,955 | -€32,874 | -47.8% |
| Income taxes | 67/77 | €20,185 | €11,912 | -€8,273 | -41.0% |
| Profit (loss) for the period | 9904 | €48,643 | €24,042 | -€24,601 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,643 | €24,042 | -€24,601 | -50.6% |
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 14 October 2026 via checked.be.