SEPHORA: what changed
What changed
SEPHORA
filed annual accounts (NBB)
Net result for the year
€41,258
2024 · -€35,393+€76,651
Equity
€1.2m
2024 · €1.1m+€41,258
Cash
€855
2024 · €1,023-€168
Balance sheet total
€2.8m
2024 · €2.7m+€31,409
Largest movements
Assets
- Receivables within one year +€57,266
up €57,266 (+12.4%), from €461,332 to €518,598
of which Other amounts receivable: +€48,071
Equity and liabilities
- Debts after one year -€68,962
down €68,962 (-7.8%), from €887,341 to €818,379
- Profit (loss) carried forward +€41,258
up €41,258 (+18.0%), from -€229,314 to -€188,056
- Trade debts +€29,891
up €29,891 (+7.5%), from €400,674 to €430,565
Income statement
- Other operating charges -€83,654
down €83,654 (-75.2%), from €111,251 to €27,597
- Taxes +€9,214
up €9,214 (+1,311%), from €703 to €9,917
- Financial income +€1,640
up €1,640 (+12.5%), from €13,081 to €14,722
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€35,393
Gross operating margin
-€251
Depreciation
-€133
Other operating charges
+€83,654
Financial income
+€1,640
Financial charges
+€954
Taxes
-€9,214
Result 2025
€41,258
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€75,589
Investment
-€8,662
Financing
-€67,095
Cash 2024
€1,023
From operations (derived)
+€75,589
Net result for the year
+€41,258
Depreciation
+€35,684
Receivables after one year
-€5,281
Receivables within one year
-€57,266
Deferred charges and accrued income
+€3,949
Trade debts
+€29,891
Tax, wage and social debts
+€9,214
Other debts
+€18,283
Accrued charges and deferred income
-€142
Investment (derived)
-€8,662
Investment in fixed assets (net)
-€8,662
Financing
-€67,095
Debts after one year
-€68,962
Current portion of long-term debt
+€1,867
Cash 2025
€855
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,737,488 | €2,768,897 | +€31,409 | +1.1% |
| Fixed assets | 21/28 | €1,860,866 | €1,833,844 | -€27,022 | -1.5% |
| Tangible fixed assets | 22/27 | €1,860,616 | €1,833,594 | -€27,022 | -1.5% |
| Land and buildings | 22 | €1,780,111 | €1,751,331 | -€28,780 | -1.6% |
| Plant, machinery and equipment | 23 | €80,505 | €82,263 | +€1,758 | +2.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €876,622 | €935,053 | +€58,431 | +6.7% |
| Amounts receivable after more than one year | 29 | €210,304 | €215,585 | +€5,281 | +2.5% |
| Other amounts receivable | 291 | €210,304 | €215,585 | +€5,281 | +2.5% |
| Amounts receivable within one year | 40/41 | €461,332 | €518,598 | +€57,266 | +12.4% |
| Trade receivables | 40 | €3,846 | €13,042 | +€9,195 | +239% |
| Other amounts receivable | 41 | €457,486 | €505,556 | +€48,071 | +10.5% |
| Cash at bank and in hand | 54/58 | €1,023 | €855 | -€168 | -16.4% |
| Deferred charges and accrued income | 490/1 | €203,964 | €200,015 | -€3,949 | -1.9% |
| Total equity and liabilities | 10/49 | €2,737,488 | €2,768,897 | +€31,409 | +1.1% |
| Equity | 10/15 | €1,113,714 | €1,154,972 | +€41,258 | +3.7% |
| Contributions | 10/11 | €62,320 | €62,320 | = | 0.0% |
| Capital | 10 | €62,320 | €62,320 | = | 0.0% |
| Issued capital | 100 | €62,320 | €62,320 | = | 0.0% |
| Revaluation surpluses | 12 | €1,280,709 | €1,280,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,314 | -€188,056 | +€41,258 | +18.0% |
| Amounts payable | 17/49 | €1,623,774 | €1,613,925 | -€9,849 | -0.6% |
| Amounts payable after more than one year | 17 | €887,341 | €818,379 | -€68,962 | -7.8% |
| Financial debts | 170/4 | €887,341 | €818,379 | -€68,962 | -7.8% |
| Amounts payable within one year | 42/48 | €734,408 | €793,662 | +€59,254 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €72,736 | €74,603 | +€1,867 | +2.6% |
| Trade debts | 44 | €400,674 | €430,565 | +€29,891 | +7.5% |
| Suppliers | 440/4 | €400,674 | €430,565 | +€29,891 | +7.5% |
| Taxes, remuneration and social security | 45 | €703 | €9,917 | +€9,214 | +1,311% |
| Taxes | 450/3 | €703 | €9,917 | +€9,214 | +1,311% |
| Other amounts payable | 47/48 | €260,294 | €278,577 | +€18,283 | +7.0% |
| Accrued charges and deferred income | 492/3 | €2,025 | €1,884 | -€142 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,551 | €35,684 | +€133 | +0.4% |
| Other operating charges | 640/8 | €111,251 | €27,597 | -€83,654 | -75.2% |
| Gross operating margin | 9900 | €126,192 | €125,941 | -€251 | -0.2% |
| Operating profit (loss) | 9901 | -€20,610 | €62,660 | +€83,270 | |
| Financial income | 75/76B | €13,081 | €14,722 | +€1,640 | +12.5% |
| Recurring financial income | 75 | €13,081 | €14,722 | +€1,640 | +12.5% |
| Financial charges | 65/66B | €27,162 | €26,207 | -€954 | -3.5% |
| Recurring financial charges | 65 | €27,162 | €26,207 | -€954 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,690 | €51,175 | +€85,865 | |
| Income taxes | 67/77 | €703 | €9,917 | +€9,214 | +1,311% |
| Profit (loss) for the period | 9904 | -€35,393 | €41,258 | +€76,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,393 | €41,258 | +€76,651 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.