SEMPELS: 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.
What changed
SEMPELS
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,838
2024 · €16,724-€22,562
Equity
€177,332
2024 · €183,170-€5,838
Cash
€3,452
2024 · €6,311-€2,859
Balance sheet total
€300,981
2024 · €320,474-€19,492
Largest movements
Assets
- Tangible fixed assets -€14,883
down €14,883 (-5.4%), from €275,006 to €260,122
of which Land and buildings: -€13,033
Equity and liabilities
- Profit (loss) carried forward -€22,562
down €22,562, from €16,724 to -€5,838
- Reserves +€16,724
up €16,724 (+11.5%), from €145,987 to €162,710
- Debts after one year -€13,731
down €13,731 (-44.7%), from €30,698 to €16,967
- Short-term financial debts +€7,493
new in 2025: €7,493
- Tax, wage and social debts -€5,677
down €5,677 (-14.0%), from €40,609 to €34,932
of which Taxes: -€12,739
Income statement
- Staff costs +€13,828
up €13,828 (+12.2%), from €113,324 to €127,152
- Gross operating margin -€10,984
down €10,984 (-6.3%), from €173,812 to €162,828
- Taxes -€4,781
down €4,781 (-93.5%), from €5,111 to €330
- Financial charges +€2,997
up €2,997 (+20.0%), from €15,006 to €18,003
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.
Result 2024
€16,724
Gross operating margin
-€10,984
Staff costs
-€13,828
Depreciation
-€4
Write-downs
+€448
Other operating charges
-€318
Financial income
+€341
Financial charges
-€2,997
Taxes
+€4,781
Result 2025
-€5,838
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.
From operations
+€5,250
Investment
-€2,579
Financing
-€5,531
Cash 2024
€6,311
From operations (derived)
+€5,250
Net result for the year
-€5,838
Depreciation
+€17,462
Stocks and contracts
-€890
Receivables within one year
+€2,126
Deferred charges and accrued income
+€514
Trade debts
-€1,299
Tax, wage and social debts
-€5,677
Other debts
-€509
Accrued charges and deferred income
-€638
Investment (derived)
-€2,579
Investment in fixed assets (net)
-€2,579
Financing
-€5,531
Debts after one year
-€13,731
Current portion of long-term debt
+€708
Short-term financial debts
+€7,493
Cash 2025
€3,452
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,474 | €300,981 | -€19,492 | -6.1% |
| Fixed assets | 21/28 | €275,401 | €260,517 | -€14,883 | -5.4% |
| Tangible fixed assets | 22/27 | €275,006 | €260,122 | -€14,883 | -5.4% |
| Land and buildings | 22 | €268,344 | €255,311 | -€13,033 | -4.9% |
| Plant, machinery and equipment | 23 | €3,551 | €3,478 | -€73 | -2.1% |
| Furniture and vehicles | 24 | €3,111 | €1,333 | -€1,777 | -57.1% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €45,073 | €40,464 | -€4,609 | -10.2% |
| Stocks and contracts in progress | 3 | €15,875 | €16,765 | +€890 | +5.6% |
| Stocks | 30/36 | €15,875 | €16,765 | +€890 | +5.6% |
| Amounts receivable within one year | 40/41 | €18,038 | €15,912 | -€2,126 | -11.8% |
| Trade receivables | 40 | €18,038 | €11,828 | -€6,210 | -34.4% |
| Other amounts receivable | 41 | - | €4,083 | +€4,083 | |
| Cash at bank and in hand | 54/58 | €6,311 | €3,452 | -€2,859 | -45.3% |
| Deferred charges and accrued income | 490/1 | €4,849 | €4,335 | -€514 | -10.6% |
| Total equity and liabilities | 10/49 | €320,474 | €300,981 | -€19,492 | -6.1% |
| Equity | 10/15 | €183,170 | €177,332 | -€5,838 | -3.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €145,987 | €162,710 | +€16,724 | +11.5% |
| Distributable reserves | 133 | €145,987 | €162,710 | +€16,724 | +11.5% |
| Profit (loss) carried forward | 14 | €16,724 | -€5,838 | -€22,562 | |
| Amounts payable | 17/49 | €137,303 | €123,649 | -€13,654 | -9.9% |
| Amounts payable after more than one year | 17 | €30,698 | €16,967 | -€13,731 | -44.7% |
| Financial debts | 170/4 | €30,698 | €16,967 | -€13,731 | -44.7% |
| Amounts payable within one year | 42/48 | €105,662 | €106,378 | +€716 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €13,023 | €13,731 | +€708 | +5.4% |
| Financial debts | 43 | - | €7,493 | +€7,493 | |
| Credit institutions | 430/8 | - | €7,493 | +€7,493 | |
| Trade debts | 44 | €46,079 | €44,780 | -€1,299 | -2.8% |
| Suppliers | 440/4 | €46,079 | €44,780 | -€1,299 | -2.8% |
| Taxes, remuneration and social security | 45 | €40,609 | €34,932 | -€5,677 | -14.0% |
| Taxes | 450/3 | €14,309 | €1,569 | -€12,739 | -89.0% |
| Remuneration and social security | 454/9 | €26,300 | €33,362 | +€7,062 | +26.9% |
| Other amounts payable | 47/48 | €5,952 | €5,443 | -€509 | -8.6% |
| Accrued charges and deferred income | 492/3 | €943 | €305 | -€638 | -67.7% |
| Remuneration, social security and pensions | 62 | €113,324 | €127,152 | +€13,828 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,459 | €17,462 | +€4 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€448 | -€448 | |
| Other operating charges | 640/8 | €6,358 | €6,676 | +€318 | +5.0% |
| Gross operating margin | 9900 | €173,812 | €162,828 | -€10,984 | -6.3% |
| Operating profit (loss) | 9901 | €36,672 | €11,985 | -€24,686 | -67.3% |
| Financial income | 75/76B | €169 | €509 | +€341 | +201.7% |
| Recurring financial income | 75 | €169 | €509 | +€341 | +201.7% |
| Financial charges | 65/66B | €15,006 | €18,003 | +€2,997 | +20.0% |
| Recurring financial charges | 65 | €15,006 | €18,003 | +€2,997 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €21,835 | -€5,508 | -€27,343 | |
| Income taxes | 67/77 | €5,111 | €330 | -€4,781 | -93.5% |
| Profit (loss) for the period | 9904 | €16,724 | -€5,838 | -€22,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,724 | -€5,838 | -€22,562 |
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 11 October 2026 via checked.be.