SEMPER - CONFIDENS: 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.
SEMPER - CONFIDENS
Largest movements
- Tangible fixed assets -€74,308
down €74,308 (-17.4%), from €426,439 to €352,131
of which Furniture and vehicles: -€65,888
- Receivables within one year +€22,121
up €22,121 (+16.6%), from €133,540 to €155,661
of which Other amounts receivable: +€22,531
- Deferred charges and accrued income -€12,522
down €12,522 (-39.5%), from €31,730 to €19,208
- Cash -€11,099
down €11,099 (-4.5%), from €244,248 to €233,149
mainly Other debts (-€54,090) and Debts after one year (-€45,194)
- Profit (loss) carried forward +€55,111
up €55,111 (+17.8%), from €308,955 to €364,065
- Other debts -€54,090
no longer reported in 2025 (was €54,090)
- Debts after one year -€45,194
no longer reported in 2025 (was €45,194)
- Current portion of long-term debt -€22,496
no longer reported in 2025 (was €22,496)
- Investment grants -€10,800
down €10,800 (-20.9%), from €51,730 to €40,930
- Gross operating margin -€152,989
down €152,989 (-19.0%), from €803,157 to €650,168
- Staff costs -€37,347
down €37,347 (-7.2%), from €515,753 to €478,406
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.
Derived cash bridge
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 | €844,320 | €764,330 | -€79,990 | -9.5% |
| Fixed assets | 21/28 | €434,802 | €356,312 | -€78,490 | -18.1% |
| Intangible fixed assets | 21 | €8,362 | €4,181 | -€4,181 | -50.0% |
| Tangible fixed assets | 22/27 | €426,439 | €352,131 | -€74,308 | -17.4% |
| Plant, machinery and equipment | 23 | €163,761 | €155,341 | -€8,421 | -5.1% |
| Furniture and vehicles | 24 | €262,678 | €196,790 | -€65,888 | -25.1% |
| Current assets | 29/58 | €409,518 | €408,018 | -€1,500 | -0.4% |
| Amounts receivable within one year | 40/41 | €133,540 | €155,661 | +€22,121 | +16.6% |
| Trade receivables | 40 | €410 | - | -€410 | |
| Other amounts receivable | 41 | €133,130 | €155,661 | +€22,531 | +16.9% |
| Cash at bank and in hand | 54/58 | €244,248 | €233,149 | -€11,099 | -4.5% |
| Deferred charges and accrued income | 490/1 | €31,730 | €19,208 | -€12,522 | -39.5% |
| Total equity and liabilities | 10/49 | €844,320 | €764,330 | -€79,990 | -9.5% |
| Equity | 10/15 | €619,388 | €663,698 | +€44,311 | +7.2% |
| Contributions | 10/11 | €191,153 | €191,153 | = | 0.0% |
| Capital | 10 | €191,153 | €191,153 | = | 0.0% |
| Issued capital | 100 | €191,153 | €191,153 | = | 0.0% |
| Reserves | 13 | €67,551 | €67,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,115 | €19,115 | = | 0.0% |
| Legal reserve | 130 | €19,115 | €19,115 | = | 0.0% |
| Distributable reserves | 133 | €48,436 | €48,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,955 | €364,065 | +€55,111 | +17.8% |
| Investment grants | 15 | €51,730 | €40,930 | -€10,800 | -20.9% |
| Provisions and deferred taxes | 16 | €7,403 | €5,873 | -€1,531 | -20.7% |
| Deferred taxes | 168 | €7,403 | €5,873 | -€1,531 | -20.7% |
| Amounts payable | 17/49 | €217,529 | €94,759 | -€122,770 | -56.4% |
| Amounts payable after more than one year | 17 | €45,194 | - | -€45,194 | |
| Financial debts | 170/4 | €45,194 | - | -€45,194 | |
| Amounts payable within one year | 42/48 | €171,656 | €94,651 | -€77,005 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €22,496 | - | -€22,496 | |
| Trade debts | 44 | €62,194 | €71,819 | +€9,624 | +15.5% |
| Suppliers | 440/4 | €62,194 | €71,819 | +€9,624 | +15.5% |
| Taxes, remuneration and social security | 45 | €32,876 | €22,833 | -€10,043 | -30.5% |
| Taxes | 450/3 | €15,950 | €14,995 | -€955 | -6.0% |
| Remuneration and social security | 454/9 | €16,926 | €7,838 | -€9,088 | -53.7% |
| Other amounts payable | 47/48 | €54,090 | - | -€54,090 | |
| Accrued charges and deferred income | 492/3 | €678 | €108 | -€571 | -84.1% |
| Remuneration, social security and pensions | 62 | €515,753 | €478,406 | -€37,347 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,203 | €121,784 | +€4,581 | +3.9% |
| Other operating charges | 640/8 | €3,607 | €6,904 | +€3,297 | +91.4% |
| Gross operating margin | 9900 | €803,157 | €650,168 | -€152,989 | -19.0% |
| Operating profit (loss) | 9901 | €166,594 | €43,074 | -€123,520 | -74.1% |
| Financial income | 75/76B | €13,544 | €16,784 | +€3,240 | +23.9% |
| Recurring financial income | 75 | €13,544 | €16,784 | +€3,240 | +23.9% |
| Financial charges | 65/66B | €12,520 | €6,512 | -€6,008 | -48.0% |
| Recurring financial charges | 65 | €12,520 | €6,512 | -€6,008 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €167,618 | €53,346 | -€114,272 | -68.2% |
| Transfer from deferred taxes | 780 | €1,609 | €1,765 | +€156 | +9.7% |
| Profit (loss) for the period | 9904 | €169,227 | €55,111 | -€114,116 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €169,227 | €55,111 | -€114,116 | -67.4% |
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 26 October 2026 via checked.be.