SEMPER VIVAT: 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 VIVAT
Largest movements
- Tangible fixed assets -€15,921
down €15,921 (-4.9%), from €326,048 to €310,127
- Cash +€9,163
up €9,163 (+3,130%), from €293 to €9,456
mainly Depreciation (+€15,921) and Receivables within one year (+€4,410)
- Receivables within one year -€4,410
down €4,410 (-27.4%), from €16,087 to €11,677
- Debts after one year -€15,562
down €15,562 (-5.9%), from €265,150 to €249,588
- Gross operating margin -€1,028
down €1,028 (-4.0%), from €25,859 to €24,831
- Taxes +€650
new in 2025: €650
- Financial charges -€410
down €410 (-10.6%), from €3,883 to €3,473
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 | €342,427 | €332,297 | -€10,131 | -3.0% |
| Fixed assets | 21/28 | €326,048 | €310,127 | -€15,921 | -4.9% |
| Tangible fixed assets | 22/27 | €326,048 | €310,127 | -€15,921 | -4.9% |
| Land and buildings | 22 | €326,048 | €310,127 | -€15,921 | -4.9% |
| Current assets | 29/58 | €16,379 | €22,170 | +€5,791 | +35.4% |
| Amounts receivable within one year | 40/41 | €16,087 | €11,677 | -€4,410 | -27.4% |
| Trade receivables | 40 | €16,087 | €11,677 | -€4,410 | -27.4% |
| Cash at bank and in hand | 54/58 | €293 | €9,456 | +€9,163 | +3,130% |
| Deferred charges and accrued income | 490/1 | - | €1,037 | +€1,037 | |
| Total equity and liabilities | 10/49 | €342,427 | €332,297 | -€10,131 | -3.0% |
| Equity | 10/15 | €56,098 | €58,445 | +€2,347 | +4.2% |
| Contributions | 10/11 | €56,700 | €56,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€602 | €1,745 | +€2,347 | |
| Amounts payable | 17/49 | €286,329 | €273,852 | -€12,477 | -4.4% |
| Amounts payable after more than one year | 17 | €265,150 | €249,588 | -€15,562 | -5.9% |
| Financial debts | 170/4 | €265,150 | €249,588 | -€15,562 | -5.9% |
| Amounts payable within one year | 42/48 | €21,179 | €22,014 | +€834 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €15,287 | €15,472 | +€184 | +1.2% |
| Taxes, remuneration and social security | 45 | - | €650 | +€650 | |
| Taxes | 450/3 | - | €650 | +€650 | |
| Other amounts payable | 47/48 | €5,892 | €5,892 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,921 | €15,921 | = | 0.0% |
| Other operating charges | 640/8 | €2,341 | €2,470 | +€129 | +5.5% |
| Gross operating margin | 9900 | €25,859 | €24,831 | -€1,028 | -4.0% |
| Operating profit (loss) | 9901 | €7,596 | €6,439 | -€1,157 | -15.2% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €3,883 | €3,473 | -€410 | -10.6% |
| Recurring financial charges | 65 | €3,883 | €3,473 | -€410 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €3,713 | €2,997 | -€717 | -19.3% |
| Income taxes | 67/77 | - | €650 | +€650 | |
| Profit (loss) for the period | 9904 | €3,713 | €2,347 | -€1,367 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,713 | €2,347 | -€1,367 | -36.8% |
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 20 October 2026 via checked.be.