SEMPER UTILE: 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 UTILE
Largest movements
- Tangible fixed assets +€82,415
up €82,415 (+433%), from €19,045 to €101,460
of which Other tangible fixed assets: +€48,738
- Receivables after one year -€78,000
no longer reported in 2025 (was €78,000)
- Receivables within one year +€15,777
up €15,777 (+166%), from €9,477 to €25,253
of which Other amounts receivable: +€10,486
- Tax, wage and social debts +€23,325
up €23,325 (+542%), from €4,303 to €27,628
of which Taxes: +€24,535
- Reserves -€4,440
down €4,440 (-4.8%), from €91,724 to €87,284
- Gross operating margin +€92,264
up €92,264, from -€11,358 to €80,906
- Taxes +€13,239
new in 2025: €13,239
- Depreciation +€9,952
up €9,952 (+665%), from €1,496 to €11,448
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 | €118,671 | €138,112 | +€19,440 | +16.4% |
| Fixed assets | 21/28 | €19,045 | €101,460 | +€82,415 | +433% |
| Tangible fixed assets | 22/27 | €19,045 | €101,460 | +€82,415 | +433% |
| Furniture and vehicles | 24 | €18,490 | €52,166 | +€33,676 | +182% |
| Other tangible fixed assets | 26 | €555 | €49,293 | +€48,738 | +8,780% |
| Current assets | 29/58 | €99,626 | €36,652 | -€62,974 | -63.2% |
| Amounts receivable after more than one year | 29 | €78,000 | - | -€78,000 | |
| Other amounts receivable | 291 | €78,000 | - | -€78,000 | |
| Amounts receivable within one year | 40/41 | €9,477 | €25,253 | +€15,777 | +166% |
| Trade receivables | 40 | €5,442 | €10,733 | +€5,291 | +97.2% |
| Other amounts receivable | 41 | €4,035 | €14,521 | +€10,486 | +260% |
| Cash at bank and in hand | 54/58 | €8,888 | €8,203 | -€685 | -7.7% |
| Deferred charges and accrued income | 490/1 | €3,262 | €3,196 | -€66 | -2.0% |
| Total equity and liabilities | 10/49 | €118,671 | €138,112 | +€19,440 | +16.4% |
| Equity | 10/15 | €111,724 | €107,284 | -€4,440 | -4.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €91,724 | €87,284 | -€4,440 | -4.8% |
| Distributable reserves | 133 | €91,724 | €87,284 | -€4,440 | -4.8% |
| Amounts payable | 17/49 | €6,947 | €30,828 | +€23,881 | +344% |
| Amounts payable within one year | 42/48 | €6,947 | €30,828 | +€23,881 | +344% |
| Trade debts | 44 | - | €579 | +€579 | |
| Suppliers | 440/4 | - | €579 | +€579 | |
| Taxes, remuneration and social security | 45 | €4,303 | €27,628 | +€23,325 | +542% |
| Taxes | 450/3 | €3,093 | €27,628 | +€24,535 | +793% |
| Remuneration and social security | 454/9 | €1,210 | - | -€1,210 | |
| Other amounts payable | 47/48 | €2,644 | €2,621 | -€24 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €11,448 | +€9,952 | +665% |
| Other operating charges | 640/8 | €519 | €771 | +€253 | +48.7% |
| Gross operating margin | 9900 | -€11,358 | €80,906 | +€92,264 | |
| Operating profit (loss) | 9901 | -€13,373 | €68,686 | +€82,059 | |
| Financial income | 75/76B | €1,172 | €420 | -€752 | -64.2% |
| Recurring financial income | 75 | €1,172 | €420 | -€752 | -64.2% |
| Financial charges | 65/66B | €936 | €307 | -€629 | -67.2% |
| Recurring financial charges | 65 | €936 | €307 | -€629 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,137 | €68,799 | +€81,936 | |
| Income taxes | 67/77 | - | €13,239 | +€13,239 | |
| Profit (loss) for the period | 9904 | -€13,137 | €55,560 | +€68,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,137 | €55,560 | +€68,696 |
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 18 October 2026 via checked.be.