SEMPER REVA: 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 REVA
Largest movements
- Deferred charges and accrued income -€1.1m
down €1.1m (-52.3%), from €2.1m to €1.0m
- Cash +€358,448
up €358,448 (+32.1%), from €1.1m to €1.5m
mainly Deferred charges and accrued income (+€1.1m) and Other debts (+€1.0m)
- Accrued charges and deferred income -€1.9m
down €1.9m (-86.5%), from €2.2m to €301,217
- Other debts +€1.0m
up €1.0m (+99.9%), from €1.0m to €2.1m
- Trade debts +€190,843
up €190,843 (+822.3%), from €23,209 to €214,052
- Staff costs -€156,463
down €156,463 (-70.7%), from €221,441 to €64,978
- Gross operating margin -€147,649
down €147,649 (-56.8%), from €259,948 to €112,299
- Financial income -€4,744
down €4,744 (-100.0%), from €4,746 to €2
- Depreciation +€4,553
up €4,553 (+10.8%), from €42,262 to €46,815
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €3,333,205 | €2,582,839 | -€750,366 | -22.5% |
| Fixed assets | 21/28 | €98,006 | €95,598 | -€2,409 | -2.5% |
| Tangible fixed assets | 22/27 | €98,006 | €95,598 | -€2,409 | -2.5% |
| Plant, machinery and equipment | 23 | €98,006 | €95,598 | -€2,409 | -2.5% |
| Current assets | 29/58 | €3,235,199 | €2,487,241 | -€747,958 | -23.1% |
| Amounts receivable within one year | 40/41 | €2,984 | €3,134 | +€150 | +5.0% |
| Other amounts receivable | 41 | €2,984 | €3,134 | +€150 | +5.0% |
| Cash at bank and in hand | 54/58 | €1,117,151 | €1,475,599 | +€358,448 | +32.1% |
| Deferred charges and accrued income | 490/1 | €2,115,064 | €1,008,508 | -€1.1m | -52.3% |
| Total equity and liabilities | 10/49 | €3,333,205 | €2,582,839 | -€750,366 | -22.5% |
| Equity | 10/15 | €5,000 | €5,072 | +€72 | +1.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €72 | +€72 | |
| Amounts payable | 17/49 | €3,328,205 | €2,577,767 | -€750,438 | -22.5% |
| Amounts payable after more than one year | 17 | €7,855 | €607 | -€7,248 | -92.3% |
| Financial debts | 170/4 | €7,855 | €607 | -€7,248 | -92.3% |
| Amounts payable within one year | 42/48 | €1,087,080 | €2,275,943 | +€1.2m | +109.4% |
| Current portion of amounts payable after more than one year | 42 | €9,587 | €7,248 | -€2,339 | -24.4% |
| Trade debts | 44 | €23,209 | €214,052 | +€190,843 | +822.3% |
| Suppliers | 440/4 | €23,209 | €214,052 | +€190,843 | +822.3% |
| Taxes, remuneration and social security | 45 | €26,578 | €142 | -€26,436 | -99.5% |
| Taxes | 450/3 | - | €142 | +€142 | |
| Remuneration and social security | 454/9 | €26,578 | - | -€26,578 | |
| Other amounts payable | 47/48 | €1,027,706 | €2,054,500 | +€1.0m | +99.9% |
| Accrued charges and deferred income | 492/3 | €2,233,270 | €301,217 | -€1.9m | -86.5% |
| Remuneration, social security and pensions | 62 | €221,441 | €64,978 | -€156,463 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,262 | €46,815 | +€4,553 | +10.8% |
| Other operating charges | 640/8 | €364 | €80 | -€285 | -78.2% |
| Gross operating margin | 9900 | €259,948 | €112,299 | -€147,649 | -56.8% |
| Operating profit (loss) | 9901 | -€4,119 | €427 | +€4,547 | |
| Financial income | 75/76B | €4,746 | €2 | -€4,744 | -100.0% |
| Recurring financial income | 75 | €4,746 | €2 | -€4,744 | -100.0% |
| Financial charges | 65/66B | €627 | €215 | -€412 | -65.6% |
| Recurring financial charges | 65 | €627 | €215 | -€412 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | - | €214 | +€214 | |
| Income taxes | 67/77 | - | €142 | +€142 | |
| Profit (loss) for the period | 9904 | - | €72 | +€72 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €72 | +€72 |
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 11 October 2026 via checked.be.