SEMPELS IMMO: 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.
SEMPELS IMMO
Largest movements
- Stocks and contracts -€765,735
down €765,735 (-36.7%), from €2.1m to €1.3m
- Tangible fixed assets -€750,098
down €750,098 (-69.4%), from €1.1m to €330,390
of which Land and buildings: -€695,186
- Cash +€671,196
up €671,196 (+323.4%), from €207,547 to €878,742
mainly Stocks and contracts (+€765,735) and Net result for the year (+€685,375)
- Deferred charges and accrued income -€415,252
down €415,252 (-97.3%), from €426,752 to €11,499
- Receivables within one year -€360,666
down €360,666 (-29.7%), from €1.2m to €852,873
of which Trade receivables: -€247,397
- Short-term financial debts -€1.4m
down €1.4m (-100.0%), from €1.4m to €0
- Reserves +€685,375
up €685,375 (+29.0%), from €2.4m to €3.0m
of which Distributable reserves: +€777,819
- Debts after one year -€600,016
down €600,016 (-99.5%), from €603,224 to €3,208
- Other debts -€185,336
down €185,336 (-100.0%), from €185,336 to €0
- Trade debts -€174,627
down €174,627 (-89.2%), from €195,807 to €21,180
- Gross operating margin +€661,231
up €661,231 (+128.4%), from €514,847 to €1.2m
- Taxes +€250,901
up €250,901 (+236.5%), from €106,105 to €357,006
- Financial charges -€85,823
down €85,823 (-58.5%), from €146,808 to €60,985
- Depreciation -€39,270
down €39,270 (-37.6%), from €104,369 to €65,100
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 | €5,165,167 | €3,544,610 | -€1.6m | -31.4% |
| Fixed assets | 21/28 | €1,231,411 | €481,313 | -€750,098 | -60.9% |
| Tangible fixed assets | 22/27 | €1,080,489 | €330,390 | -€750,098 | -69.4% |
| Land and buildings | 22 | €973,623 | €278,437 | -€695,186 | -71.4% |
| Plant, machinery and equipment | 23 | €78,876 | €34,201 | -€44,675 | -56.6% |
| Furniture and vehicles | 24 | €27,990 | €17,753 | -€10,237 | -36.6% |
| Financial fixed assets | 28 | €150,923 | €150,923 | = | 0.0% |
| Current assets | 29/58 | €3,933,756 | €3,063,297 | -€870,458 | -22.1% |
| Stocks and contracts in progress | 3 | €2,085,919 | €1,320,183 | -€765,735 | -36.7% |
| Stocks | 30/36 | €2,085,919 | €1,320,183 | -€765,735 | -36.7% |
| Amounts receivable within one year | 40/41 | €1,213,539 | €852,873 | -€360,666 | -29.7% |
| Trade receivables | 40 | €295,501 | €48,104 | -€247,397 | -83.7% |
| Other amounts receivable | 41 | €918,038 | €804,769 | -€113,269 | -12.3% |
| Cash at bank and in hand | 54/58 | €207,547 | €878,742 | +€671,196 | +323.4% |
| Deferred charges and accrued income | 490/1 | €426,752 | €11,499 | -€415,252 | -97.3% |
| Total equity and liabilities | 10/49 | €5,165,167 | €3,544,610 | -€1.6m | -31.4% |
| Equity | 10/15 | €2,613,954 | €3,299,329 | +€685,375 | +26.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,363,954 | €3,049,329 | +€685,375 | +29.0% |
| Tax-exempt reserves | 132 | €92,444 | €0 | -€92,444 | -100.0% |
| Distributable reserves | 133 | €2,271,510 | €3,049,329 | +€777,819 | +34.2% |
| Provisions and deferred taxes | 16 | €30,815 | €0 | -€30,815 | -100.0% |
| Deferred taxes | 168 | €30,815 | €0 | -€30,815 | -100.0% |
| Amounts payable | 17/49 | €2,520,398 | €245,281 | -€2.3m | -90.3% |
| Amounts payable after more than one year | 17 | €603,224 | €3,208 | -€600,016 | -99.5% |
| Financial debts | 170/4 | €603,224 | €3,208 | -€600,016 | -99.5% |
| Amounts payable within one year | 42/48 | €1,917,174 | €242,073 | -€1.7m | -87.4% |
| Current portion of amounts payable after more than one year | 42 | €42,622 | €41,683 | -€939 | -2.2% |
| Financial debts | 43 | €1,357,216 | €0 | -€1.4m | -100.0% |
| Credit institutions | 430/8 | €1,357,216 | €0 | -€1.4m | -100.0% |
| Trade debts | 44 | €195,807 | €21,180 | -€174,627 | -89.2% |
| Suppliers | 440/4 | €195,807 | €21,180 | -€174,627 | -89.2% |
| Taxes, remuneration and social security | 45 | €136,192 | €179,210 | +€43,018 | +31.6% |
| Taxes | 450/3 | €136,192 | €179,210 | +€43,018 | +31.6% |
| Other amounts payable | 47/48 | €185,336 | €0 | -€185,336 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €561,186 | €1,255,426 | +€694,241 | +123.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,369 | €65,100 | -€39,270 | -37.6% |
| Other operating charges | 640/8 | €29,078 | €35,503 | +€6,425 | +22.1% |
| Non-recurring operating charges | 66A | €17,714 | €2,924 | -€14,790 | -83.5% |
| Gross operating margin | 9900 | €514,847 | €1,176,078 | +€661,231 | +128.4% |
| Operating profit (loss) | 9901 | €363,685 | €1,072,551 | +€708,865 | +194.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €146,808 | €60,985 | -€85,823 | -58.5% |
| Recurring financial charges | 65 | €146,808 | €60,985 | -€85,823 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €216,877 | €1,011,566 | +€794,689 | +366.4% |
| Transfer from deferred taxes | 780 | €27,457 | €30,815 | +€3,357 | +12.2% |
| Income taxes | 67/77 | €106,105 | €357,006 | +€250,901 | +236.5% |
| Profit (loss) for the period | 9904 | €138,230 | €685,375 | +€547,145 | +395.8% |
| Transfer from tax-exempt reserves | 789 | €82,372 | €92,444 | +€10,072 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €220,602 | €777,819 | +€557,217 | +252.6% |
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.