TAX - SEPTS: 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.
TAX - SEPTS
Largest movements
- Receivables within one year +€14,816
up €14,816 (+91.7%), from €16,165 to €30,982
of which Trade receivables: +€14,087
- Cash +€7,638
up €7,638 (+143%), from €5,330 to €12,968
mainly Trade debts (+€18,789) and Depreciation (+€6,650)
- Tangible fixed assets -€5,503
down €5,503 (-17.7%), from €31,171 to €25,669
- Trade debts +€18,789
up €18,789 (+103%), from €18,154 to €36,944
- Debts after one year -€7,956
down €7,956 (-16.2%), from €49,171 to €41,215
- Profit (loss) carried forward +€4,990
up €4,990 (+49.9%), from €10,009 to €15,000
- Tax, wage and social debts +€1,128
up €1,128 (+340%), from €332 to €1,460
of which Taxes: +€819
- Gross operating margin +€13,308
up €13,308 (+336%), from €3,966 to €17,273
- Depreciation +€4,772
up €4,772 (+254%), from €1,878 to €6,650
- Staff costs +€3,798
new in 2025: €3,798
- Taxes +€1,151
new in 2025: €1,151
- Other operating charges -€1,095
down €1,095 (-73.3%), from €1,495 to €400
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 | €77,666 | €94,618 | +€16,952 | +21.8% |
| Fixed assets | 21/28 | €56,171 | €50,669 | -€5,503 | -9.8% |
| Intangible fixed assets | 21 | €25,000 | €25,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €31,171 | €25,669 | -€5,503 | -17.7% |
| Furniture and vehicles | 24 | €31,171 | €25,669 | -€5,503 | -17.7% |
| Current assets | 29/58 | €21,495 | €43,949 | +€22,454 | +104% |
| Amounts receivable within one year | 40/41 | €16,165 | €30,982 | +€14,816 | +91.7% |
| Trade receivables | 40 | €16,165 | €30,253 | +€14,087 | +87.1% |
| Other amounts receivable | 41 | - | €729 | +€729 | |
| Cash at bank and in hand | 54/58 | €5,330 | €12,968 | +€7,638 | +143% |
| Total equity and liabilities | 10/49 | €77,666 | €94,618 | +€16,952 | +21.8% |
| Equity | 10/15 | €10,009 | €15,000 | +€4,990 | +49.9% |
| Profit (loss) carried forward | 14 | €10,009 | €15,000 | +€4,990 | +49.9% |
| Amounts payable | 17/49 | €67,657 | €79,618 | +€11,961 | +17.7% |
| Amounts payable after more than one year | 17 | €49,171 | €41,215 | -€7,956 | -16.2% |
| Financial debts | 170/4 | €49,171 | €41,215 | -€7,956 | -16.2% |
| Amounts payable within one year | 42/48 | €18,486 | €38,403 | +€19,917 | +108% |
| Trade debts | 44 | €18,154 | €36,944 | +€18,789 | +103% |
| Suppliers | 440/4 | €18,154 | €36,944 | +€18,789 | +103% |
| Taxes, remuneration and social security | 45 | €332 | €1,460 | +€1,128 | +340% |
| Taxes | 450/3 | €332 | €1,151 | +€819 | +247% |
| Remuneration and social security | 454/9 | - | €309 | +€309 | |
| Remuneration, social security and pensions | 62 | - | €3,798 | +€3,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €6,650 | +€4,772 | +254% |
| Other operating charges | 640/8 | €1,495 | €400 | -€1,095 | -73.3% |
| Gross operating margin | 9900 | €3,966 | €17,273 | +€13,308 | +336% |
| Operating profit (loss) | 9901 | €593 | €6,426 | +€5,833 | +984% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €304 | €284 | -€20 | -6.7% |
| Recurring financial charges | 65 | €304 | €284 | -€20 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €289 | €6,142 | +€5,853 | +2,028% |
| Income taxes | 67/77 | - | €1,151 | +€1,151 | |
| Profit (loss) for the period | 9904 | €289 | €4,990 | +€4,702 | +1,629% |
| Profit (loss) for the period to be appropriated | 9905 | €289 | €4,990 | +€4,702 | +1,629% |
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 1 November 2026 via checked.be.