Semper Provar: 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 Provar
Largest movements
- Cash +€20,040
up €20,040 (+10.1%), from €199,362 to €219,402
mainly Net result for the year (+€34,135) and Depreciation (+€17,155)
- Stocks and contracts +€15,098
up €15,098 (+8.0%), from €189,038 to €204,136
- Tangible fixed assets -€14,716
down €14,716 (-7.9%), from €185,147 to €170,430
of which Land and buildings: -€8,715
- Reserves +€34,135
up €34,135 (+7.8%), from €435,437 to €469,572
- Debts after one year -€12,969
down €12,969 (-34.7%), from €37,418 to €24,449
- Trade debts +€7,389
up €7,389 (+303.4%), from €2,436 to €9,825
- Tax, wage and social debts -€6,249
down €6,249 (-32.3%), from €19,370 to €13,120
of which Taxes: -€5,975
- Taxes +€7,739
up €7,739 (+51.7%), from €14,960 to €22,699
- Gross operating margin -€5,513
down €5,513 (-6.5%), from €84,952 to €79,439
- Write-downs -€5,000
no longer reported in 2025 (was €5,000)
- Other operating charges -€3,037
down €3,037 (-35.1%), from €8,663 to €5,626
- Financial income +€1,928
up €1,928 (+1606450.0%), from €0 to €1,928
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 | €587,546 | €607,365 | +€19,819 | +3.4% |
| Fixed assets | 21/28 | €185,147 | €170,430 | -€14,716 | -7.9% |
| Tangible fixed assets | 22/27 | €185,147 | €170,430 | -€14,716 | -7.9% |
| Land and buildings | 22 | €162,454 | €153,739 | -€8,715 | -5.4% |
| Plant, machinery and equipment | 23 | €764 | €2,410 | +€1,646 | +215.4% |
| Furniture and vehicles | 24 | €21,928 | €14,281 | -€7,647 | -34.9% |
| Current assets | 29/58 | €402,400 | €436,935 | +€34,536 | +8.6% |
| Stocks and contracts in progress | 3 | €189,038 | €204,136 | +€15,098 | +8.0% |
| Stocks | 30/36 | €189,038 | €204,136 | +€15,098 | +8.0% |
| Amounts receivable within one year | 40/41 | €11,336 | €11,306 | -€30 | -0.3% |
| Trade receivables | 40 | €11,296 | €11,306 | +€10 | +0.1% |
| Other amounts receivable | 41 | €40 | - | -€40 | |
| Current investments | 50/53 | €2 | €2 | -€1 | -25.6% |
| Cash at bank and in hand | 54/58 | €199,362 | €219,402 | +€20,040 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,661 | €2,090 | -€571 | -21.5% |
| Total equity and liabilities | 10/49 | €587,546 | €607,365 | +€19,819 | +3.4% |
| Equity | 10/15 | €454,029 | €488,164 | +€34,135 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €435,437 | €469,572 | +€34,135 | +7.8% |
| Distributable reserves | 133 | €435,437 | €469,572 | +€34,135 | +7.8% |
| Amounts payable | 17/49 | €133,517 | €119,202 | -€14,316 | -10.7% |
| Amounts payable after more than one year | 17 | €37,418 | €24,449 | -€12,969 | -34.7% |
| Financial debts | 170/4 | €37,418 | €24,449 | -€12,969 | -34.7% |
| Amounts payable within one year | 42/48 | €96,100 | €94,753 | -€1,347 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €12,828 | €12,969 | +€141 | +1.1% |
| Trade debts | 44 | €2,436 | €9,825 | +€7,389 | +303.4% |
| Suppliers | 440/4 | €2,436 | €9,825 | +€7,389 | +303.4% |
| Taxes, remuneration and social security | 45 | €19,370 | €13,120 | -€6,249 | -32.3% |
| Taxes | 450/3 | €19,095 | €13,120 | -€5,975 | -31.3% |
| Remuneration and social security | 454/9 | €275 | - | -€275 | |
| Other amounts payable | 47/48 | €61,466 | €58,839 | -€2,627 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,739 | €17,155 | +€416 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €8,663 | €5,626 | -€3,037 | -35.1% |
| Gross operating margin | 9900 | €84,952 | €79,439 | -€5,513 | -6.5% |
| Operating profit (loss) | 9901 | €54,550 | €56,659 | +€2,108 | +3.9% |
| Financial income | 75/76B | €0 | €1,928 | +€1,928 | +1606450.0% |
| Recurring financial income | 75 | €0 | €1,928 | +€1,928 | +1606450.0% |
| Financial charges | 65/66B | €2,220 | €1,753 | -€467 | -21.0% |
| Recurring financial charges | 65 | €2,220 | €1,753 | -€467 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €52,331 | €56,834 | +€4,503 | +8.6% |
| Income taxes | 67/77 | €14,960 | €22,699 | +€7,739 | +51.7% |
| Profit (loss) for the period | 9904 | €37,371 | €34,135 | -€3,236 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,371 | €34,135 | -€3,236 | -8.7% |
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 6 October 2026 via checked.be.