Sepusoft: 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.
Sepusoft
Largest movements
- Receivables within one year +€9,521
new in 2025: €9,521
- Cash +€9,312
up €9,312 (+31.7%), from €29,338 to €38,650
mainly Net result for the year (+€24,372) and Tax, wage and social debts (+€5,616)
- Tangible fixed assets +€1,614
up €1,614 (+233%), from €693 to €2,307
of which Furniture and vehicles: +€1,889
- Reserves +€36,939
new in 2025: €36,939
- Profit (loss) carried forward -€12,567
no longer reported in 2025 (was €12,567)
- Other debts -€7,300
no longer reported in 2025 (was €7,300)
- Tax, wage and social debts +€5,616
up €5,616 (+91.6%), from €6,129 to €11,745
- Trade debts -€1,744
no longer reported in 2025 (was €1,744)
- Gross operating margin +€16,719
up €16,719 (+102%), from €16,396 to €33,115
- Taxes +€3,330
up €3,330 (+92.9%), from €3,585 to €6,915
- Financial charges +€1,905
up €1,905 (+4,944%), from €39 to €1,944
- Financial income +€499
up €499 (+64,003%), from €1 to €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 | €30,241 | €51,185 | +€20,944 | +69.3% |
| Fixed assets | 21/28 | €693 | €2,307 | +€1,614 | +233% |
| Tangible fixed assets | 22/27 | €693 | €2,307 | +€1,614 | +233% |
| Plant, machinery and equipment | 23 | €693 | €418 | -€275 | -39.7% |
| Furniture and vehicles | 24 | - | €1,889 | +€1,889 | |
| Current assets | 29/58 | €29,548 | €48,878 | +€19,330 | +65.4% |
| Amounts receivable within one year | 40/41 | - | €9,521 | +€9,521 | |
| Other amounts receivable | 41 | - | €9,521 | +€9,521 | |
| Cash at bank and in hand | 54/58 | €29,338 | €38,650 | +€9,312 | +31.7% |
| Deferred charges and accrued income | 490/1 | €210 | €707 | +€498 | +237% |
| Total equity and liabilities | 10/49 | €30,241 | €51,185 | +€20,944 | +69.3% |
| Equity | 10/15 | €15,068 | €39,440 | +€24,372 | +162% |
| Contributions | 10/11 | €2,501 | €2,501 | = | 0.0% |
| Reserves | 13 | - | €36,939 | +€36,939 | |
| Distributable reserves | 133 | - | €36,939 | +€36,939 | |
| Profit (loss) carried forward | 14 | €12,567 | - | -€12,567 | |
| Amounts payable | 17/49 | €15,173 | €11,745 | -€3,428 | -22.6% |
| Amounts payable within one year | 42/48 | €15,173 | €11,745 | -€3,428 | -22.6% |
| Trade debts | 44 | €1,744 | - | -€1,744 | |
| Suppliers | 440/4 | €1,744 | - | -€1,744 | |
| Taxes, remuneration and social security | 45 | €6,129 | €11,745 | +€5,616 | +91.6% |
| Taxes | 450/3 | €6,129 | €11,745 | +€5,616 | +91.6% |
| Other amounts payable | 47/48 | €7,300 | - | -€7,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133 | €331 | +€199 | +150% |
| Other operating charges | 640/8 | €74 | €53 | -€21 | -28.5% |
| Gross operating margin | 9900 | €16,396 | €33,115 | +€16,719 | +102% |
| Operating profit (loss) | 9901 | €16,189 | €32,731 | +€16,541 | +102% |
| Financial income | 75/76B | €1 | €500 | +€499 | +64,003% |
| Recurring financial income | 75 | €1 | €500 | +€499 | +64,003% |
| Financial charges | 65/66B | €39 | €1,944 | +€1,905 | +4,944% |
| Recurring financial charges | 65 | €39 | €1,944 | +€1,905 | +4,944% |
| Profit (loss) for the period before taxes | 9903 | €16,152 | €31,287 | +€15,135 | +93.7% |
| Income taxes | 67/77 | €3,585 | €6,915 | +€3,330 | +92.9% |
| Profit (loss) for the period | 9904 | €12,567 | €24,372 | +€11,805 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,567 | €24,372 | +€11,805 | +93.9% |
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 15 October 2026 via checked.be.