Semper Melior: 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 Melior
Largest movements
- Receivables after one year -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Receivables within one year -€8,463
down €8,463 (-19.9%), from €42,608 to €34,145
of which Other amounts receivable: -€8,108
- Other debts -€31,220
down €31,220 (-60.7%), from €51,439 to €20,219
- Trade debts +€17,093
up €17,093 (+423.2%), from €4,039 to €21,132
- Short-term financial debts -€6,672
down €6,672 (-61.3%), from €10,892 to €4,220
- Tax, wage and social debts -€2,128
down €2,128 (-65.4%), from €3,253 to €1,125
- Gross operating margin -€27,122
down €27,122 (-48.3%), from €56,186 to €29,064
- Taxes -€5,149
down €5,149 (-44.4%), from €11,598 to €6,448
- Financial charges -€781
down €781 (-32.8%), from €2,381 to €1,600
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 | €89,487 | €66,097 | -€23,391 | -26.1% |
| Fixed assets | 21/28 | €704 | €275 | -€429 | -60.9% |
| Tangible fixed assets | 22/27 | €704 | €275 | -€429 | -60.9% |
| Furniture and vehicles | 24 | €704 | €275 | -€429 | -60.9% |
| Current assets | 29/58 | €88,784 | €65,822 | -€22,962 | -25.9% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100.0% |
| Other amounts receivable | 291 | €15,000 | €0 | -€15,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €42,608 | €34,145 | -€8,463 | -19.9% |
| Trade receivables | 40 | €17,455 | €17,101 | -€355 | -2.0% |
| Other amounts receivable | 41 | €25,152 | €17,044 | -€8,108 | -32.2% |
| Cash at bank and in hand | 54/58 | €25,565 | €25,797 | +€232 | +0.9% |
| Deferred charges and accrued income | 490/1 | €5,611 | €5,879 | +€269 | +4.8% |
| Total equity and liabilities | 10/49 | €89,487 | €66,097 | -€23,391 | -26.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,887 | €47,497 | -€23,391 | -33.0% |
| Amounts payable within one year | 42/48 | €69,623 | €46,697 | -€22,927 | -32.9% |
| Financial debts | 43 | €10,892 | €4,220 | -€6,672 | -61.3% |
| Credit institutions | 430/8 | €10,892 | €4,220 | -€6,672 | -61.3% |
| Trade debts | 44 | €4,039 | €21,132 | +€17,093 | +423.2% |
| Suppliers | 440/4 | €4,039 | €21,132 | +€17,093 | +423.2% |
| Taxes, remuneration and social security | 45 | €3,253 | €1,125 | -€2,128 | -65.4% |
| Taxes | 450/3 | €3,253 | €1,125 | -€2,128 | -65.4% |
| Other amounts payable | 47/48 | €51,439 | €20,219 | -€31,220 | -60.7% |
| Accrued charges and deferred income | 492/3 | €1,264 | €800 | -€464 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €429 | -€77 | -15.3% |
| Other operating charges | 640/8 | €1,768 | €1,317 | -€451 | -25.5% |
| Gross operating margin | 9900 | €56,186 | €29,064 | -€27,122 | -48.3% |
| Operating profit (loss) | 9901 | €53,912 | €27,318 | -€26,594 | -49.3% |
| Financial income | 75/76B | €838 | €950 | +€112 | +13.4% |
| Recurring financial income | 75 | €838 | €950 | +€112 | +13.4% |
| Financial charges | 65/66B | €2,381 | €1,600 | -€781 | -32.8% |
| Recurring financial charges | 65 | €2,381 | €1,600 | -€781 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €52,369 | €26,668 | -€25,701 | -49.1% |
| Income taxes | 67/77 | €11,598 | €6,448 | -€5,149 | -44.4% |
| Profit (loss) for the period | 9904 | €40,771 | €20,219 | -€20,552 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,771 | €20,219 | -€20,552 | -50.4% |
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 8 October 2026 via checked.be.