SEMPER FIDELIS: 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 FIDELIS
Largest movements
- Receivables within one year -€400
down €400 (-1.1%), from €36,015 to €35,615
- Profit (loss) carried forward -€2,318
down €2,318 (-16.5%), from -€14,020 to -€16,338
- Trade debts +€1,763
up €1,763, from €0 to €1,763
- Gross operating margin +€1,796
up €1,796 (+50.5%), from -€3,559 to -€1,763
- Other operating charges +€250
up €250 (+89.1%), from €281 to €531
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 | €36,132 | €35,627 | -€505 | -1.4% |
| Current assets | 29/58 | €36,132 | €35,627 | -€505 | -1.4% |
| Amounts receivable within one year | 40/41 | €36,015 | €35,615 | -€400 | -1.1% |
| Other amounts receivable | 41 | €36,015 | €35,615 | -€400 | -1.1% |
| Cash at bank and in hand | 54/58 | €117 | €12 | -€105 | -89.8% |
| Total equity and liabilities | 10/49 | €36,132 | €35,627 | -€505 | -1.4% |
| Equity | 10/15 | €27,980 | €25,662 | -€2,318 | -8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €22,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,020 | -€16,338 | -€2,318 | -16.5% |
| Amounts payable | 17/49 | €8,152 | €9,965 | +€1,813 | +22.2% |
| Amounts payable within one year | 42/48 | €8,152 | €9,965 | +€1,813 | +22.2% |
| Trade debts | 44 | €0 | €1,763 | +€1,763 | |
| Suppliers | 440/4 | €0 | €1,763 | +€1,763 | |
| Other amounts payable | 47/48 | €8,152 | €8,202 | +€50 | +0.6% |
| Other operating charges | 640/8 | €281 | €531 | +€250 | +89.1% |
| Gross operating margin | 9900 | -€3,559 | -€1,763 | +€1,796 | +50.5% |
| Operating profit (loss) | 9901 | -€3,840 | -€2,294 | +€1,546 | +40.3% |
| Financial charges | 65/66B | €30 | €24 | -€6 | -20.0% |
| Recurring financial charges | 65 | €30 | €24 | -€6 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,870 | -€2,318 | +€1,552 | +40.1% |
| Profit (loss) for the period | 9904 | -€3,870 | -€2,318 | +€1,552 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,870 | -€2,318 | +€1,552 | +40.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.