SEMPER: 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.
SEMPER
Largest movements
- Receivables within one year +€16,255
up €16,255 (+27.4%), from €59,236 to €75,491
of which Other amounts receivable: +€16,255
- Cash -€14,474
down €14,474 (-64.6%), from €22,399 to €7,925
mainly Receivables within one year (-€16,255) and Trade debts (-€4,373)
- Deferred charges and accrued income -€2,228
down €2,228 (-47.4%), from €4,698 to €2,470
- Tangible fixed assets -€1,273
down €1,273 (-4.0%), from €32,139 to €30,866
of which Other tangible fixed assets: -€712
- Trade debts -€4,373
no longer reported in 2025 (was €4,373)
- Reserves +€3,198
up €3,198 (+172.0%), from €1,859 to €5,057
- Gross operating margin +€1,859
up €1,859 (+40.1%), from €4,634 to €6,493
- Taxes +€514
up €514 (+34.2%), from €1,503 to €2,017
- Financial income +€256
up €256 (+28.8%), from €888 to €1,144
- Other operating charges +€173
up €173 (+28.1%), from €616 to €789
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 | €118,473 | €116,752 | -€1,720 | -1.5% |
| Fixed assets | 21/28 | €32,139 | €30,866 | -€1,273 | -4.0% |
| Tangible fixed assets | 22/27 | €32,139 | €30,866 | -€1,273 | -4.0% |
| Plant, machinery and equipment | 23 | €18,257 | €18,257 | = | 0.0% |
| Furniture and vehicles | 24 | €11,621 | €11,061 | -€560 | -4.8% |
| Other tangible fixed assets | 26 | €2,260 | €1,548 | -€712 | -31.5% |
| Current assets | 29/58 | €86,333 | €85,886 | -€447 | -0.5% |
| Amounts receivable within one year | 40/41 | €59,236 | €75,491 | +€16,255 | +27.4% |
| Trade receivables | 40 | €3,684 | €3,684 | = | 0.0% |
| Other amounts receivable | 41 | €55,552 | €71,806 | +€16,255 | +29.3% |
| Cash at bank and in hand | 54/58 | €22,399 | €7,925 | -€14,474 | -64.6% |
| Deferred charges and accrued income | 490/1 | €4,698 | €2,470 | -€2,228 | -47.4% |
| Total equity and liabilities | 10/49 | €118,473 | €116,752 | -€1,720 | -1.5% |
| Equity | 10/15 | €112,641 | €115,839 | +€3,198 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €5,057 | +€3,198 | +172.0% |
| Distributable reserves | 133 | €1,859 | €5,057 | +€3,198 | +172.0% |
| Profit (loss) carried forward | 14 | €104,582 | €104,582 | = | 0.0% |
| Amounts payable | 17/49 | €5,831 | €914 | -€4,918 | -84.3% |
| Amounts payable within one year | 42/48 | €5,831 | €914 | -€4,918 | -84.3% |
| Current portion of amounts payable after more than one year | 42 | €833 | €833 | = | 0.0% |
| Trade debts | 44 | €4,373 | - | -€4,373 | |
| Suppliers | 440/4 | €4,373 | - | -€4,373 | |
| Taxes, remuneration and social security | 45 | €625 | €80 | -€545 | -87.2% |
| Taxes | 450/3 | €625 | €80 | -€545 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,273 | €1,273 | -€0 | 0.0% |
| Other operating charges | 640/8 | €616 | €789 | +€173 | +28.1% |
| Gross operating margin | 9900 | €4,634 | €6,493 | +€1,859 | +40.1% |
| Operating profit (loss) | 9901 | €2,745 | €4,431 | +€1,686 | +61.4% |
| Financial income | 75/76B | €888 | €1,144 | +€256 | +28.8% |
| Recurring financial income | 75 | €888 | €1,144 | +€256 | +28.8% |
| Financial charges | 65/66B | €372 | €360 | -€12 | -3.1% |
| Recurring financial charges | 65 | €372 | €360 | -€12 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €3,261 | €5,215 | +€1,954 | +59.9% |
| Income taxes | 67/77 | €1,503 | €2,017 | +€514 | +34.2% |
| Profit (loss) for the period | 9904 | €1,758 | €3,198 | +€1,440 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,758 | €3,198 | +€1,440 | +81.9% |
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.