SEPTY: what changed
Two fiscal 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.
SEPTY
Largest movements
- Tangible fixed assets +€84,982
up €84,982 (+44.4%), from €191,516 to €276,498
of which Furniture and vehicles: +€89,146
- Receivables within one year +€12,725
up €12,725 (+544.4%), from €2,338 to €15,063
of which Trade receivables: +€8,228
- Deferred charges and accrued income +€4,049
up €4,049 (+17.1%), from €23,706 to €27,755
- Debts after one year +€86,410
up €86,410 (+48.0%), from €180,061 to €266,472
- Current portion of long-term debt -€16,015
down €16,015 (-54.1%), from €29,605 to €13,590
- Profit (loss) carried forward +€13,533
up €13,533 (+42.4%), from -€31,892 to -€18,359
- Other debts +€12,507
up €12,507 (+44.4%), from €28,151 to €40,658
- Trade debts +€7,159
up €7,159 (+445.1%), from €1,608 to €8,768
- Depreciation -€11,938
down €11,938 (-51.3%), from €23,251 to €11,313
- Gross operating margin -€1,787
down €1,787 (-5.2%), from €34,429 to €32,642
- Other operating charges +€1,275
up €1,275 (+90.3%), from €1,412 to €2,687
- Financial charges +€900
up €900 (+26.3%), from €3,421 to €4,322
- Taxes -€431
down €431 (-35.4%), from €1,218 to €787
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.
Cash bridge derived
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 | €229,590 | €332,789 | +€103,200 | +44.9% |
| Fixed assets | 21/28 | €191,516 | €276,498 | +€84,982 | +44.4% |
| Tangible fixed assets | 22/27 | €191,516 | €276,498 | +€84,982 | +44.4% |
| Land and buildings | 22 | €191,516 | €185,444 | -€6,073 | -3.2% |
| Plant, machinery and equipment | 23 | - | €1,909 | +€1,909 | |
| Furniture and vehicles | 24 | - | €89,146 | +€89,146 | |
| Current assets | 29/58 | €38,073 | €56,291 | +€18,218 | +47.8% |
| Amounts receivable within one year | 40/41 | €2,338 | €15,063 | +€12,725 | +544.4% |
| Trade receivables | 40 | €1,694 | €9,922 | +€8,228 | +485.7% |
| Other amounts receivable | 41 | €644 | €5,141 | +€4,497 | +698.8% |
| Cash at bank and in hand | 54/58 | €12,029 | €13,473 | +€1,444 | +12.0% |
| Deferred charges and accrued income | 490/1 | €23,706 | €27,755 | +€4,049 | +17.1% |
| Total equity and liabilities | 10/49 | €229,590 | €332,789 | +€103,200 | +44.9% |
| Equity | 10/15 | -€13,292 | €241 | +€13,533 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,892 | -€18,359 | +€13,533 | +42.4% |
| Amounts payable | 17/49 | €242,881 | €332,548 | +€89,667 | +36.9% |
| Amounts payable after more than one year | 17 | €180,061 | €266,472 | +€86,410 | +48.0% |
| Financial debts | 170/4 | €180,061 | €266,472 | +€86,410 | +48.0% |
| Amounts payable within one year | 42/48 | €62,820 | €64,827 | +€2,007 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €29,605 | €13,590 | -€16,015 | -54.1% |
| Trade debts | 44 | €1,608 | €8,768 | +€7,159 | +445.1% |
| Suppliers | 440/4 | €1,608 | €8,768 | +€7,159 | +445.1% |
| Taxes, remuneration and social security | 45 | €3,456 | €1,812 | -€1,644 | -47.6% |
| Taxes | 450/3 | €3,456 | €1,812 | -€1,644 | -47.6% |
| Other amounts payable | 47/48 | €28,151 | €40,658 | +€12,507 | +44.4% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,251 | €11,313 | -€11,938 | -51.3% |
| Other operating charges | 640/8 | €1,412 | €2,687 | +€1,275 | +90.3% |
| Gross operating margin | 9900 | €34,429 | €32,642 | -€1,787 | -5.2% |
| Operating profit (loss) | 9901 | €9,766 | €18,642 | +€8,875 | +90.9% |
| Financial charges | 65/66B | €3,421 | €4,322 | +€900 | +26.3% |
| Recurring financial charges | 65 | €3,421 | €4,322 | +€900 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €6,345 | €14,320 | +€7,975 | +125.7% |
| Income taxes | 67/77 | €1,218 | €787 | -€431 | -35.4% |
| Profit (loss) for the period | 9904 | €5,127 | €13,533 | +€8,406 | +163.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,127 | €13,533 | +€8,406 | +163.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.