4SEMPER GLOBAL: 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.
4SEMPER GLOBAL
Largest movements
- Deferred charges and accrued income -€43,720
no longer reported in 2025 (was €43,720)
- Receivables within one year -€20,149
down €20,149 (-17.5%), from €114,903 to €94,754
of which Other amounts receivable: -€31,214
- Tangible fixed assets -€9,969
down €9,969 (-17.7%), from €56,415 to €46,446
of which Furniture and vehicles: -€10,400
- Short-term financial debts -€64,649
no longer reported in 2025 (was €64,649)
- Debts after one year -€11,548
down €11,548 (-29.3%), from €39,391 to €27,843
- Tax, wage and social debts -€9,730
down €9,730 (-75.8%), from €12,838 to €3,108
- Trade debts +€9,051
up €9,051 (+5201.7%), from €174 to €9,225
- Turnover +€99,764
new in 2025: €99,764
- Purchases and services +€82,385
new in 2025: €82,385
- Gross operating margin -€27,409
down €27,409 (-61.2%), from €44,788 to €17,379
- Depreciation +€5,210
up €5,210 (+58.7%), from €8,871 to €14,081
- Financial charges -€3,495
down €3,495 (-48.9%), from €7,141 to €3,646
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 | €221,128 | €145,235 | -€75,893 | -34.3% |
| Fixed assets | 21/28 | €56,595 | €46,626 | -€9,969 | -17.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €56,415 | €46,446 | -€9,969 | -17.7% |
| Plant, machinery and equipment | 23 | €4,425 | €4,856 | +€431 | +9.7% |
| Furniture and vehicles | 24 | €51,990 | €41,590 | -€10,400 | -20.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €164,533 | €98,609 | -€65,924 | -40.1% |
| Amounts receivable within one year | 40/41 | €114,903 | €94,754 | -€20,149 | -17.5% |
| Trade receivables | 40 | €52,003 | €63,068 | +€11,065 | +21.3% |
| Other amounts receivable | 41 | €62,900 | €31,686 | -€31,214 | -49.6% |
| Cash at bank and in hand | 54/58 | €5,910 | €3,855 | -€2,055 | -34.8% |
| Deferred charges and accrued income | 490/1 | €43,720 | - | -€43,720 | |
| Total equity and liabilities | 10/49 | €221,128 | €145,235 | -€75,893 | -34.3% |
| Equity | 10/15 | €90,946 | €91,930 | +€984 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €89,367 | €89,367 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €87,508 | €87,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,013 | -€16,029 | +€984 | +5.8% |
| Amounts payable | 17/49 | €130,182 | €53,305 | -€76,877 | -59.1% |
| Amounts payable after more than one year | 17 | €39,391 | €27,843 | -€11,548 | -29.3% |
| Financial debts | 170/4 | €39,391 | €27,843 | -€11,548 | -29.3% |
| Amounts payable within one year | 42/48 | €90,791 | €25,462 | -€65,329 | -72.0% |
| Current portion of amounts payable after more than one year | 42 | €13,130 | €13,129 | -€1 | 0.0% |
| Financial debts | 43 | €64,649 | - | -€64,649 | |
| Credit institutions | 430/8 | €64,649 | - | -€64,649 | |
| Trade debts | 44 | €174 | €9,225 | +€9,051 | +5201.7% |
| Suppliers | 440/4 | €174 | €9,225 | +€9,051 | +5201.7% |
| Taxes, remuneration and social security | 45 | €12,838 | €3,108 | -€9,730 | -75.8% |
| Taxes | 450/3 | €12,838 | €3,108 | -€9,730 | -75.8% |
| Turnover | 70 | - | €99,764 | +€99,764 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €82,385 | +€82,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,871 | €14,081 | +€5,210 | +58.7% |
| Other operating charges | 640/8 | - | €203 | +€203 | |
| Gross operating margin | 9900 | €44,788 | €17,379 | -€27,409 | -61.2% |
| Operating profit (loss) | 9901 | €35,917 | €3,095 | -€32,822 | -91.4% |
| Financial income | 75/76B | - | €1,535 | +€1,535 | |
| Recurring financial income | 75 | - | €1,535 | +€1,535 | |
| Non-recurring financial income | 76B | - | €1,535 | +€1,535 | |
| Financial charges | 65/66B | €7,141 | €3,646 | -€3,495 | -48.9% |
| Recurring financial charges | 65 | €7,141 | €3,646 | -€3,495 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €28,776 | €984 | -€27,792 | -96.6% |
| Profit (loss) for the period | 9904 | €28,776 | €984 | -€27,792 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,776 | €984 | -€27,792 | -96.6% |
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 7 October 2026 via checked.be.